Record IPOs knock-on- the market amid robust response & Navratri fever

Auspicious time of Navratri and runaway returns delivered by some recent issues set the mood for record number of 14 SME (small and medium enterprises) IPOs that have approached the primary market this week, including Concord Control Systems, Cargotrans Maritime, Lloyds Luxuries, Cargosol Logistics, Silicon Rental Solutions, Vedant Asset, Isolation Energy, Cyber Media Research, Indong Tea, MaaghAdvertising, QMS Medical, Reetech International Cargo & Courier, Steelman Telecom, Swastik Pipe and Trident Lifeline.

The data compiled by Aaryana Matasco, an emerging company Investor Relations and PR Firm, shows the record for highest number of SME IPOs in a single month that was 24, witnessed in October 2018 is also being broken this month with the launch of 27 IPOs in September 2022.

The secondary markets have been volatile, but demand for SME IPOs has been better this year. This year, the demand to list on the SME platform has been robust compared to 59 listings in 2021 which raised total amount Rs 787 crore. A total of 79 IPOs have debuted on the SME platforms and successfully raised Rs 1363 crore so far in 2022 calendar year.

Market experts believe the bearishness in the broader market and the slowing global economies did not impact SME issue offers. India is better placed to deal with ongoing economic challenges compared to many of our peer group countries. Therefore, despite volatile market conditions, the Indian IPO market continues to see new offerings from a diverse array of sectors. As the market sentiment improves the activities will gain pace.

Comments

Smallcase Platform: 2025 Wealth Creation Strategies to Achieve Your Investment Goals

By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital In the intricate world of finance, wealth creation is a universal aspiration among investors, though few truly attain it. With a plethora of investment products, philosophies, and strategies available, the challenge is identifying an approach that not only offers returns but also minimizes risk. At OmniScience Capital, we believe the key to successful wealth creation lies in a scientific and disciplined investment strategy. Our unique offerings, rooted in the principles of Scientific Investing, are designed to help you achieve your financial goals with confidence. Pioneering Global Investing and Outperforming on Smallcase Platform OmniScience Capital, a global investment management firm specializing in global and Indian equities, is a pioneer in global investing and growth vectors such as Defense and Digital Transformation. Our strategies have consistently identified and capitalized on growth vectors tha...

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...

Press Release: Prachay Capital Limited (Company/ Issuer / Prachay Capital) Announces Public Issue of Secured NCDs

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹100 Crore. The BBB-/Stable CRISIL-rated NCDs offer investors a 13% p.a. return with monthly interest payments, making it a fixed-income investment opportunity. The proceeds from this issue of NCDs will be primarily used for the stated fund utilization. Speaking about the issue, Mr Girish Murlidhar Lakhotiya, Managing Director, Prachay Capital Limited said: "This NCD issue is a key step in Prachay Capital’s expansion strategy. With our focus on structured corporate lending and investment in private debt instruments, we aim to generate strong and sustainable returns for our investors while maintaining a robust financial profile. Prachay Capital has zero delays in servicing liabilities and has Gross NPA of 0% on its Assets Under Management (AUM). The Compa...

Wealth Growth Path

Search This Blog