Two IPOs et to launch this week: Rs 2995 crores on stake

This week, two IPOs (Initial Public Offerings) will hit the primary market. The first public offering will be Campus Activewear, which will take place on Tuesday, April 26th, and the second will be Rainbow Children’s Medicare, which will take place on Wednesday, April 27th, 2022. The Campus Activewear IPO is expected to raise roughly 1400 crore, while Rainbow Children’s Medicare is expected to raise around 1595 crore from its public offering.

Campus Activewear IPO: According to BSE information, the public offering worth 1,400.14 crore will open for subscription on April 26th, 2022, and will stay open until April 28th, 2022. The Campus Activewear IPO price band has been set at $278 to $292 per share, according to the BSE. According to market experts, the GMP of the Campus Activewear IPO today is $60, which is around 20% more than the maximum price band of $292 per share. The most likely date for share allotment is the 4th of May, while the anticipated date for Campus Activewear’s stock listing is the 9th of May in 2022.

Rainbow Children’s Medicare IPO: According to BSE information, the public issue valued 1,595.59 crore will open for subscription on April 27th, 2022, and will stay open until April 29th, 2022. The price band for Rainbow Children’s Medicare IPO has been set at $516 to $542 per share, according to the BSE. Rainbow Children’s Medicare IPO GMP today is 35, according to market experts, which is roughly 6.50 percent more than its maximum price band of 542 per share. The 5th of May is the most likely date for share allotment, while the 10th of May 2022 is the preliminary date for Rainbow Children’s Medicare share listing.

In contrast to 2021, there is practically little activity on the IPO market in 2022. Only Adani Wilmar, AGS Transact Technologies, Vedant Fashions, UMA Exports, and Veranda Learning Solutions have launched public offerings so far this year. The IPO market saw unprecedented demand in 2021, with corporations generating a total of $1.18 trillion through public share sales.

However, following a record high performance in 2021, the IPO markets worldwide have plummeted in the first quarter (January-March) of this year. According to Bloomberg data, IPOs around the world raised $65 billion in Q4FY22, about 70% less than the $219 billion raised in Q4FY21.