Primary market enters quiet phase with muted investor sentiment. Only one IPO, Leapfrog Engineering Services, opens next week seeking to raise Rs 89 crore through a mix of fresh equity and offer-for-sale. The SME IPO will trade on the BSE SME platform with a price band of Rs 21-23 per share. Meanwhile, three listings from previous week closures are scheduled, including Mehul Telecom and two investment trusts. However, grey market premiums across all upcoming offerings remain flat at zero, signaling cautious investor participation and limited speculative interest. Analysts attribute the subdued primary market activity to selective investor focus on quality and valuation rather than listing gains. Broader equity markets show resilience, but IPO enthusiasm remains restrained as the market awaits larger mainboard issues to revive momentum in coming weeks.
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