The stock market is buzzing with activity, and next week is no different.
Two IPOs are opening for subscription between November 19 and November 21.
These include the mainboard IPO of Excelsoft Technologies and the SME IPO of Gallard Steel.
Along with these IPOs, shares of seven more companies are set to get listed, starting from November 18 to November 21.
If you are planning to invest, this is a good time to take a closer look at these offerings.
Excelsoft Technologies IPO
Excelsoft Technologies is a global SaaS company that works in the education and assessment technology space.
Its IPO opens on November 19 and closes on November 21.
The company has set its price band at ₹114 to ₹120 per share and aims to raise ₹500 crore.
This includes ₹180 crore of new shares and ₹320 crore through an offer for sale by Pedanta Technologies.
The lot size is 125 shares, which means retail investors must apply for at least 125 shares.
The company plans to use the funds to:
Buy land and build new facilities in Mysore
Upgrade its existing infrastructure
Improve IT systems
Meet general corporate needs
Excelsoft works with 76 clients across 19 countries, including Pearson Education and Brigham Young University.
If you believe in the future of education technology, this IPO could be worth considering.
Gallard Steel IPO
Gallard Steel manufactures engineered steel castings used in Indian Railways, the defense sector, power generation, and other industries.
Its IPO also opens from November 19 to 21.
This is a fresh issue aimed at raising ₹37.50 crore, with a price band of ₹142 to ₹150 per share.
Retail investors must apply for a minimum of 2,000 shares, which is typical for SME IPOs.
The company plans to use the funds for:
Expanding its manufacturing unit
Constructing an office building
Reducing debt
General corporate expenses
Being an SME IPO, it offers potential for growth but also carries higher risk due to the company’s smaller size.
Companies Getting Listed Next Week
Seven companies are set to debut on the stock market:
November 18
Physicswala: Popular edtech company with strong investor interest
MV Photovoltaics: Solar panel and cell manufacturer
November 19
Tenneco Clean Air: Makes automotive emission control systems
November 20
Fujiyama Power Systems: Works in electric vehicle components
November 21
Capillary Technologies: SaaS-based customer loyalty and engagement firm
In the SME segment, Mahamaya Lifesciences and Workmates Core2Cloud will also be listed on November 18.
Should You Invest?
With so many IPOs and listings lined up, investors have plenty of opportunities.
However, it is important to:
Check each company’s financial performance
Understand the risk involved
Avoid rushing into investments
These IPOs may offer good returns, but thoughtful planning is essential.
