India’s primary market is set for another active week, with 11 initial public offerings (IPOs) opening for subscription, including three mainboard offerings and eight SME issues. Investors will also witness seven stock market listings over the coming days.

Among the biggest offerings are Manipal Health Enterprises, Juniper Green Energy and MV Electrosystems, all of which are expected to attract significant investor attention.

Mainboard IPOs opening this week

Manipal Health Enterprises IPO

Healthcare provider Manipal Health Enterprises plans to raise ₹9,275.22 crore through its public issue.

The IPO comprises:

• Fresh issue: ₹8,000 crore
• Offer for Sale (OFS): ₹1,275.22 crore

The company plans to use the proceeds to:

• Repay borrowings of subsidiary Manipal Hospitals Private Limited
• Acquire the minority stake in Sahyadri Hospitals
• Meet general corporate requirements

IPO Details

• Price Band: ₹560–₹590 per share
• Lot Size: 25 shares

Manipal Health operates a nationwide network of multi-speciality hospitals offering services ranging from outpatient care to advanced tertiary and quaternary treatments.

MV Electrosystems IPO

MV Electrosystems, a manufacturer of overhead electrification (OHE) equipment for the railway sector, will open its IPO on July 30.

The company aims to raise ₹290 crore through a fresh issue of equity shares. There is no Offer for Sale (OFS) in the issue.

The proceeds will be used for:

• Working capital requirements
• Research and development of power electronic equipment
• General corporate purposes

IPO Details

• Issue Size: ₹290 crore
• Price Band: ₹400–₹425 per share
• Lot Size: 34 shares
• Subscription Period: July 30 – August 3

Juniper Green Energy IPO

Renewable energy company Juniper Green Energy is launching a ₹1,800 crore IPO comprising entirely a fresh issue of shares.

The company intends to utilize the proceeds for:

• Repayment of borrowings
• Funding debt obligations of subsidiaries
• General corporate purposes

IPO Details

• Issue Size: ₹1,800 crore
• Price Band: ₹214–₹225 per share
• Lot Size: 66 shares
• Subscription Period: July 30 – August 3

Juniper Green develops, builds and operates utility-scale renewable energy projects, generating revenue through long-term electricity supply agreements with government-backed and other power purchasers.

SME IPOs opening this week

Apart from the mainboard offerings, eight SME IPOs are scheduled to open:

• Propshop Events & Exhibitions
• Advance Technoforge
• Poojaa Precision Engineering
• HR Hygiene Products
• Dhaval Packaging
• Oneindig Technologies
• GV Electricals
• Fusion Klassroom Edutech

These offerings span sectors including engineering, manufacturing, education technology, packaging and electrical equipment.

IPO listings scheduled this week

Seven companies are expected to debut on the stock exchanges this week:

• Indo-MIM
• Xtranet Technologies
• Lohia Corp
• Gulf Lloyds
• Metalic Technoforge
• Shree Balaji Mala
• Silverstorm Parks & Resorts

Investors will closely watch these listings to gauge market sentiment and demand for recent public issues.

Busy week for primary markets

With three sizeable mainboard IPOs, multiple SME offerings and several scheduled listings, the week is expected to remain active for investors tracking India’s primary market.

Market participants are likely to focus on subscription trends, valuation, institutional participation and listing performance as fresh public issues continue to hit the market.

FAQ

Which are the major IPOs opening this week?

The key mainboard IPOs are Manipal Health Enterprises, Juniper Green Energy, and MV Electrosystems.

How much is Manipal Health Enterprises raising?

The company plans to raise ₹9,275.22 crore, comprising an ₹8,000 crore fresh issue and an Offer for Sale worth ₹1,275.22 crore.

How many SME IPOs are opening this week?

A total of eight SME IPOs are scheduled to open for subscription.

Which companies are scheduled to list this week?

The companies expected to list include Indo-MIM, Xtranet Technologies, Lohia Corp, Gulf Lloyds, Metalic Technoforge, Shree Balaji Mala, and Silverstorm Parks & Resorts.

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Share Market: Market regulator SEBI plans to launch a platform where shares can be bought or sold even before they are listed. Giving information about this in a program today, SEBI Chairperson Madhabi Puri Buch said, “Investors remain interested in shares from the time they are allotted to the time trading begins.

During this time, if investors want to trade, they should be given a chance to do so legally.” Trading in IPOs before listing After the shares are allotted to investors and before their listing on the stock exchange, trading continues in the grey market. Madhavi says that a platform should be created for investors interested in such trading, where they can continue it regularly instead of doing it informally. Regulated trading of IPO shares

He said in a conversation during the program that even though trading in the market has not started, but allotment means that investors have become entitled to those shares. At present, the shares are kept frozen in the demat account till listing, so that trading of unlisted shares can be stopped. Now under this new system, after the IPO shares are transferred to the demat account, their trading will be allowed till listing.

SEBI took this step because of this

SEBI has taken this step to crack down on irregular trading in the gray market. In the last few years, there has been a surge in the number of IPOs. The atmosphere of the stock market was also bustling at the beginning of the year. In the first two weeks of the year, many companies launched their IPOs, while there are many more companies in the queue.

What is the gray market?

Let us tell you that the gray market is an unofficial and unregulated market, where shares of companies bringing IPOs are bought and sold. Here trading takes place outside the rules of SEBI. In such a situation, SEBI is not responsible for any fraud with you in the grey market.

Salary Hike : Government employees of this state will get a bumper amount of money, salary will increase by so many thousand rupees from 8th pay commission

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These changes have been made based on the recommendations of a working group on credit rating agencies. The working group had highlighted the challenges arising from the existing timelines, especially on non-working days.

“One of the recommendations of the CRA Working Group on Ease of Doing Business relates to amendment in the approach for specifying timelines from ‘days’ to ‘working days’,” Sebi said.

Under the revised rules, credit rating agencies are required to issue a press release on rating actions within seven working days of the occurrence of an event, which was earlier seven calendar days. Similarly, the timeline for review of ratings in cases of delay in debt servicing has been adjusted from two calendar days to two working days. Also, Sebi has extended the timeline for marking the rating as ‘issuer not cooperating’ if the non-default statement or ‘NDS’ is not submitted for three consecutive months to five working days instead of seven calendar days.

Let us tell you that the Securities Exchange Board of India issues new guidelines from time to time to maintain transparency in the stock market and protect the interests of investors. Apart from this, SEBI also takes action to impose fines on brokers or big companies carrying out illegal activities in the stock market. Recently, in the case of front running, SEBI has imposed fines on many big investors and brokers, and has also banned them from working in the stock market.

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This decision has come at a time when market regulator Securities and Exchange Board of India (SEBI) is advocating small SIPs so that investors’ participation is higher. Recently SEBI Chairperson Madhavi Puri Buch talked about micro-SIP.

Daily wage labourers will also be able to take advantage of the stock market boom.
Speaking at an event organised to launch the NFO on manufacturing fund in Mumbai, RK Jha said that the AMC is working with registrar KFintech Services. LIC Mutual Fund plans to reduce the current limit of minimum SIP amount to Rs 100 per day and Rs 200 for monthly SIP. He said that this move will help the fund house reach those sections of the society which have not benefited from the stock market boom.

LIC Mutual Fund will increase AU

Jha further said that the fund house is aiming to increase its asset under management (AUM) from Rs 35,000 crore to Rs 65,000 crore by the end of this financial year and to Rs 1 lakh crore by the end of FY 2025-26.

What is SIP?

SIP is the easiest way to invest in mutual funds. Under SIP, the investor invests a fixed amount at regular intervals. A fixed amount is deducted from your bank account at regular intervals and invested in SIP.

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The situation was such that the Sensex was trading at a decline of more than 5 percent for the first time after the Corona period, while the Nifty also fell by more than 5 percent. The possibility of lower circuit in the market has also become strong. In such a situation, market regulator SEBI has decided to stop trading for some time. However, this will happen only when a lower circuit is imposed in the market.

Market regulator SEBI has issued a proper timing, which tells when the trading in the market will be halted. During this time, there will be no buying and selling of shares. If a lower circuit is applied today, i.e. on June 4, then the trading in the market will be halted twice, while today the market will close about an hour before time.

Also Read: Google Search Alert: Searching which things on google can you go to jail, check full list

When will trading not take place?

Trading in the stock market will be stopped thrice today, out of which it will be closed on the third time. As per SEBI’s timing, if the first 10 percent lower circuit is hit, the trading in the market will stop at 1 pm. It will remain closed for about 45 minutes. Then the trading will resume at 1.45 pm. If the lower circuit is hit even after this, then the trading will again be stopped for 15 minutes between 2 to 2.30 pm.

Market to close after 2.30 pm

After stopping trading twice, finally the market will be closed about an hour earlier today. If a lower circuit is applied for the third time as well. This is being done for the safety of investors. According to SEBI, there will be no trading in the market after 2.30 pm on June 4. SEBI’s intention is to save investors’ money from sinking, because lakhs of crores of rupees have been lost due to the continuous fall in the market today.

What is the math of lower circuit in the market?

If Nifty falls by 2326 points, then a lower circuit will be applied. At 12.27 pm, it was trading at a drop of 1,898 points. A lower circuit is applied on a drop of 10 percent i.e. 2326 points. After this, a lower circuit will be applied on a drop of 15 percent i.e. 3489 points and then a drop of 20 percent i.e. 4653 points. All these figures are for Nifty.

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Even before the election results, Pakistan Stock Exchange’s benchmark KSE-100 index fell by 1700 points on Friday. On Wednesday, the PSX closed at 64143.87, up 344.85 points or 0.54 percent.

Pakistan Share Market: The results of general elections are about to be announced in Pakistan. The election results have not been announced yet. Pakistan Stock Exchange’s benchmark KSE-100 index fell 1,700 points on Friday, even before the election results..

According to Geo News report, the country’s capital market benchmark KSE-100 stock index fell below 62,000 points during intraday trading with a decline of 2,145.53 points or 3.34 percent.

Capital markets expert Muhammad Sohail said the index fell 3 percent due to the “unexpected” results of the elections.

A day ahead of general elections in Pakistan, stocks closed higher on pre-poll rally and hopes of an improvement in the country’s credit rating, but trading volumes remained low as investors remained cautious.

At the same time, on Wednesday, PSX closed at 64,143.87 points, up 344.85 points or 0.54 percent. Today the highest index of the day was 64,196.62 points while the lowest level was recorded at 63,927.29 points.

Geo News reports that S&P Global Ratings is expected to review Pakistan’s sovereign rating after the elections and that it may upgrade it if the new government shows commitment to fiscal reforms and the International Monetary Fund (IMF) programme. Can increase till ‘B’.

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At the same time, people also get different types of benefits from the schemes given through LIC. However, now LIC has suffered a shock. A fine has been imposed on LIC and this fine has been imposed on LIC by GST. Let us know about it…

Fine imposed on LIC

The Goods and Services Tax (GST) authority has imposed a penalty on Life Insurance Corporation of India (LIC) for underpayment of tax. This is a fine of Rs 36844 which has been imposed on LIC. The insurance company gave this information on Wednesday. LIC told the stock exchange that it has received a communication/demand order for collection of GST along with interest and penalty for Jammu and Kashmir.

LIC

According to the notice dated October 9, 2023 from the State Tax Officer, Srinagar, LIC paid 12 percent GST instead of 18 percent on some bills (invoices). The tax authority has issued demand order and penalty notice for 2019-20. In this, GST is Rs 10,462, penalty is Rs 20,000 and interest is Rs 6,382. LIC said that this has not affected the financial, operational or other activities of the corporation.

Share Market

Let us tell you that LIC is a listed company in the stock market. The 52 week high of LIC shares on NSE is Rs 754.25. Whereas the 52 week low price of LIC shares is Rs 530.05. Along with this, on October 11, the share price of LIC was seen trading at around Rs 636.

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Rules changed for government employees to invest in stock market

The Department of Personnel and Training (DoPT), in a recent circular, said that members of AIS will have to furnish details of their investments in stocks or shares to the prescribed authority. There is a rule that if there is an investment of more than six months’ basic salary during a calendar year, then it has to be informed.

You can invest in share market as easily as 6 months basic salary

This information will have to be given by January 31 of the next year. This means AIS members can invest less than their six months’ basic salary in the stock market without informing the authority. The salary paid to the members of AIS is based on the recommendations of the Seventh Pay Commission.

These will be the new rules

In terms of Rule (14(1)) of the AIS (Conduct) Rules 1968 to enable the Administrative Officers to monitor transactions in any stock, share or other investment etc. in respect of all Members. Matters of the India Services (AI) It has been decided that the total transactions in stocks, shares or other investments etc. exceeding six months basic pay of a Government servant shall be reported in a prescribed proforma once a year. Will be

Information to be given under these rules

AIS member will also have to inform the authority in case the investment is more than 2 months basic salary. The DoPT also stated in the notification that it is also clarified that since shares, securities, debentures etc. are deemed to be movable property as per Explanation-I under rule 16 of the AIS (Conduct) Rules, 1968, if A person’s transaction is more than two months’ basic salary.

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Share Market Rules: If you also invest in the share market, then this news is useful for you. Market regulator SEBI (SEBI) has made website operation necessary for all stock brokers and depositories for the purpose of bringing transparency.

The Securities and Exchange Board of India (SEBI) said in a circular that by providing information on the specified website about various activities of stock brokers and depository participants, investors will get relevant information and will also help in bringing transparency.

Operation of personal website mandatory

SEBI said that in view of the advancement in technology and the need to provide better service to investors, it has been made mandatory for all stock brokers and depositories to operate their respective websites. In addition to their registration, office address and branch, details of names and contact numbers of all key officials will be available on such website.

Apart from this, point-wise information about opening of account for a potential customer will also have to be given on the website. Information about the procedure for registering complaints on the specified e-mail and the current status of the complaint will also be required to be given on the website. According to SEBI, the new system will be effective from 16 August.

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