The primary market is gearing up for a busy week as five initial public offerings (IPOs) are scheduled to open on Dalal Street. These include DEE Piping Systems IPO, a book-built issue of Rs 418.01 crore, and Durlax Top Surface IPO, a book-built issue of Rs 40.80 crore. Both IPOs have a mix of a fresh issue and an offer for sale. Another IPO to watch out for is GEM Enviro, a book-built issue of Rs 44.93 crore that includes a fresh issue and offer for sale. These IPOs are expected to attract retail investors, with the minimum investment required ranging from Rs 14,819 to Rs 136,000.
On the first day of trading, the stock for a newly listed company saw a significant increase of 49.39% on the BSE and 49.63% on the NSE. The initial share-sale will be open to the public for three days starting April 23, with anchor investors bidding a day earlier. The company does not have a set timeline for their initial public offering, but the market is seeing a surge in companies filing for IPOs, with 56 companies targeting to raise a total of Rs 70,000 crore.