Two Ipos on the market this week. ₹ 2995 Crore at stake

Two initial public offerings (Initial Public Offering) will hit the primary market this week. Campus Activewear IPO will be the first to open on Tuesday, April 26, with Rainbow Children’s Medicare IPO being the second public edition to open on Wednesday, April 27, 2022. Both public releases aim to generate approx. 2995 crore from their respective public offerings as the Campus Activewear IPO size is around 1400 crore, while Rainbow Children’s Medicare aims to travel close 1595 crore from its public issue.

Here are the main highlights of two IPOs:

Campus Activewear IPO: According to the available information on BSE, the public question is worthwhile 1,400.14 crore opens for subscription on April 26, 2022, and it will remain open for subscription until April 28, 2022. BSE further states that the Campus Activewear IPO price band has been set for 6 p.m. 278 to 292 per share. According to market observers, the Campus Activewear IPO is GMP today 60, means about 20 percent higher from its upper price range of 292 per share. The probable date for share allotment is May 4, while the preliminary date for Campus Activewear’s share listing is May 9, 2022.

Rainbow Children’s Medicare IPO: According to the available information on BSE, the public question is worthwhile 1,595.59 crore opens for subscription on April 27, 2022, and it will remain open for subscription until April 29, 2022. BSE further informs that the Rainbow Children’s Medicare IPO price band has been set for at. 516 to 542 per share. According to market observers, Rainbow Children’s Medicare IPO is GMP today 35, means about 6.50 percent higher from its upper price range of 542 per share. The probable date for share allotment is May 5, while the preliminary date for Rainbow Children’s Medicare share listing is May 10, 2022.

Unlike 2021, traffic in the IPO market in 2022 is very low. So far this year, only 5 companies have launched their public offerings, namely Adani Wilmar, AGS Transact Technologies, Vedant Fashions, UMA Exports and Veranda Learning Solutions. In 2021, the listing market registered a staggering demand with companies traveling a lot 1.18 trillion through public stock sales.

But globally, listing markets worldwide fell in the first quarter (January – March) after a record high performance in 2021. According to Bloomberg data, listings around the world raised $ 65 billion in Q4FY22, which is close to 70 percent lower than Q4FY21 raised $ 219 billion.

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