Two IPOs (Initial Public Offerings) are going to open for bidders this week. The Campus Activewear IPO will open Tuesday, April 26 with the first opening, with the Rainbow Children’s Medicare IPO being the second public offering opening Wednesday, April 27, 2022. Both public issues aim to generate around Around 2995 Crore Campus Activewear IPO Size From Their Respective Public Offerings 1400 crore while the target of Rainbow Children Medicare is near 1595 crores from its public issue.
Here are the highlights of the two IPOs:
Campus Activewear IPO: Public issue price as per information available on BSE 1,400.14 crore will open for subscription on 26 April 2022 and it will be open for subscription till 28 April 2022. BSE further informs that Campus Activewear IPO price band has been fixed 278 to 292 per share. Campus Activewear IPO GMP Today According to Market Observers 60, means it is about 20 percent above its upper price band 292 per share. The tentative date of share allotment is 4th May while the tentative date for Campus Activewears share listing is 9th May 2022.
Rainbow Children Medicare IPO: Public issue price as per information available on BSE 1,595.59 crore will open for subscription on 27th April 2022 and it will be open for subscription till 29th April 2022. BSE further informs that Rainbow Children Medicare IPO price band has been fixed from 516 542 per share. Rainbow Children’s Medicare IPO GMP Today According to Market Observers 35, means it is approximately 6.50 percent above its upper price band 542 per share. The tentative date for share allotment is May 5, while the tentative date for Rainbow Children’s Medicare share listing is May 10, 2022.
Unlike 2021, there is very little traffic on the IPO market in 2022. So far this year, only 5 companies have launched their public offerings Adani Wilmar, AGS Transact Technologies, Vedanta Fashion, UMA Exports and Veranda Learning Solutions. In 2021, IPO market registered staggering demand with huge demand from companies 1.18 trillion through public share sale.
However, globally, the worldwide IPO market has slumped in the first quarter (January-March) after a record high performance in 2021. According to data from Bloomberg, worldwide IPOs raised $65 billion in Q4FY22, which is nearly 70 percent less than the $219 billion raised since the fourth quarter of FY11.