IPO mkt braces for slowdown; 2 new issues targeting Rs 365 cr next week

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IPO mkt braces for slowdown; 2 new issues targeting Rs 365 cr next week - Business Standard

Quick Summary:

After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore.

Garuda Construction is seeking to raise Rs 264 crore, and Shiv Texchem is aiming for over Rs 101 crore through their respective IPOs available for public subscription during October 8-10.

IPOs scheduled for next week, beginning October 7, are Garuda Construction and Engineering on the main board and Shiv Texchem on the SME segment.