Value 360 Communications is scheduled to debut on Monday as grey market activity suggests a near flat opening around its upper issue price of Rs 98. The Rs 41.69 crore IPO drew strong institutional interest, yet retail participation lagged. Overall subscription stood at 1.20 times, setting a modest tone for the first trading session.
OnEMI Technology’s IPO is set to open with a steady GMP, priced between Rs 162 and Rs 171 per share. The company targets around Rs 926 crore, including a fresh issue of Rs 850 crore and an offer for sale of Rs 76 crore. The IPO closes on May 5, with listing expected in early May.
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This week’s IPO calendar looks unusually quiet for India’s primary market, with no mainboard IPOs expected. Attention shifts to SME platforms, where one new IPO and multiple listings are scheduled amid a market downturn and higher oil prices. Among the key events, the Amba Auto Sales & Services IPO is set to open soon, while Adisoft Technologies and Leapfrog Engineering Services are slated to list.
The primary market is bracing for a muted week, with just one IPO, Leapfrog Engineering Services, opening for subscription. Meanwhile, three firms—Mehul Telecom, Citius Transnet InvIT, and Property Share Investment Trust—are slated to list after earlier rounds. Investor caution shows up in zero grey market premiums, pointing to expectations of flat debuts.
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