Exicom Tele-Systems IPO: Should you subscribe to this Rs 429-crore offer?

The second half of the year is expected to see a number of companies launching their initial public offerings (IPOs). Senco Gold, PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription. Senco Gold's IPO will open on July 4, while PKH Ventures' IPO began on June 30. In addition, four SMEs will also bring their public issues this week. Alphalogic Industries' IPO will open on July 3, and Global Pet Industries, Tridhya Tech, and Synoptics Technologies' IPOs will close on July 3, July 5, and July 5, respectively.

The IPO of Mamaearth's parent company, Honasa Consumer Limited, has garnered mixed reaction from analysts. Here is all you need to know.

Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, Lata Rungta among others will offload shares.

The IPO includes 2.32 crore fresh shares valued at Rs 329 crore and up to 70,42,200 equity shares amounting to Rs 100 crore.

The next week is set to be busy for Dalal Street with five IPOs, including both main board and SME, to hit primary markets. SBFC Finance's IPO has a price band of INR54-INR57 per share, raising INR600 crore and issuing fresh equity of shares. Concord Biotech, backed by private equity firm Quadria Capital, will launch its IPO on 4 August and close on 8 August. In the SME market, Oriana Power, Vinsys IT Services India, and Yudiz Solutions offering IPOs.

The stock is currently trading nearly 8% down at Rs 396.90 on BSE. It hit the day's low of Rs 387.75, translating into a fall of 11% from IPO price. The tepid listing was expected after the downtrend in company shares in the unlisted market since the IPO opened for subscription. The issue was subscribed 2.21 times at close

Utkarsh Small Finance Bank's IPO has been subscribed 10.67 so far times on Day 2, with strong response from retail and non institutional investors.

The company is offering shares at a set price ranging from Rs 135 to Rs 142 each, with a minimum application size of 100 equity shares.

According to various reports, as many as 28 companies have already received a green signal from Sebi to launch their offers, aimed at raising over Rs 30,000 crore. Meanwhile, 36 other companies have submitted their draft IPO papers and are awaiting the regulator's approval.