Overview

• Travel Food Services is raising Rs 2,000 crore via an IPO open from July 7 to 9 at a price band of Rs 1,045–1,100 per share and will list on July 14 on both NSE and BSE.
• The IPO commands a Rs 71 grey market premium, implying a potential listing price near Rs 1,171 per share, about 6.5% above its upper band.
• Five SME issues launch this week: GLEN Industries (Rs 63.02 crore at Rs 92–97), Chemkart India (Rs 80.08 crore at Rs 236–248), Smarten Power Systems (Rs 50.01 crore at Rs 100), CFF Fluid Control (Rs 87.75 crore at Rs 585) and Asston Pharmaceuticals (Rs 27.41 crore at Rs 115–123).
• Investor appetite remains high after strong early-June listings and post-election optimism has kept grey market indicators in focus for gauging listing gains.
• Nine companies including Pushpa Jewellers, Silky Overseas and Meta Infotech are scheduled to list between July 7 and 11, underscoring a packed equity calendar.