It is pouring heavily not only in North India, but at Dalal Street too.
However, the latter is seeing a flurry of initial public offers (IPOs).
After a busy fortnight that ended on July 7 with seven IPOs - IdeaForge Technology, Cyient DLM, PKH Ventures, Pentagon Rubber, Global Pet Industries, Tridhya Tech, and Synoptics Technologies four more IPOs will hit the Street this week, including one mainboard IPO of Utkarsh Small Finance Bank.
That apart, India s largest securities depository National Securities Depository Limited (NSDL) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an IPO.
The Kolkata-based jewellery retailer listed at a 35.96 percent premium on July 14 at Rs 431 apiece. As of 12 noon, it traded at Rs 410, down about 5 percent from the listing price.
At upper end of issue price band of Rs 301-317 per share, it is available at a 15.5x P/E on FY23 basis against peers Titan at 83.5x and Kalyan Jewellers India 35x, with a market capitalisation of Rs 2,462 crore.