Near‑term IPO calendar
- Leapfrog Engineering is set to list April 23–27, offering ₹89 crore with a ₹21–23 per‑share price band. - Tokyo saw Batonz listed on April 21, and other issuances like Avaada remain in the pipeline. - The sparse near‑term calendar means timing and issuance size could noticeably affect aftermarket liquidity ( )
The near-term initial public offering calendar is thin, with Leapfrog Engineering’s India offer due to open on April 23 and Batonz already listed in Tokyo on April 21. (business-standard.com) (jpx.co.jp) Leapfrog Engineering plans to raise about ₹88.5 crore to ₹89 crore in a book-built small and medium enterprise issue, with a ₹21 to ₹23 price band and subscriptions scheduled from April 23 to April 27. The expected allotment date is April 28 and the tentative BSE SME listing date is April 30. (business-standard.com) (chittorgarh.com) The issue includes a fresh sale of shares and an offer for sale by existing holders, and the minimum retail bid is two lots, or 12,000 shares, which works out to ₹1.38 lakh at the top end of the band. Leapfrog is coming to the BSE’s SME platform, where deal sizes and public float are usually smaller than on India’s main board. (business-standard.com) (chittorgarh.com) In Japan, Batonz listed on the Tokyo Stock Exchange Growth Market on April 21 under stock code 554A. Japan Exchange Group said the first trading day used a special matching mechanism until an initial price was set, with the order-book center price fixed at ¥660. (jpx.co.jp) (tokyoipo.com) The short calendar leaves investors with only a few fresh listings to absorb this week, instead of a crowded run of overlapping deals. That can make individual issue size, venue and timing more visible in early trading, especially in smaller exchanges and growth boards where turnover can be uneven. (business-standard.com) (jpx.co.jp) More supply is waiting behind them. In India, Securities and Exchange Board of India approvals disclosed in recent market reports include Avaada Electro, alongside Grand Housing and Sonaselection India, adding to the backlog of companies that can launch when market windows open. (ndtvprofit.com) (ipocentral.in) Avaada Electro’s proposed deal has been reported at roughly $1 billion, or about ₹10,000 crore, which would place it in a different league from a sub-₹100 crore SME offer like Leapfrog. That gap shows how the next few weeks could swing quickly from niche fund-raisings to much larger capital calls if issuers decide conditions are favorable. (akm.ru) (ndtvprofit.com) For now, the calendar is defined less by volume than by sequencing: Batonz has started trading, Leapfrog opens on April 23, and larger names such as Avaada are still waiting for their launch dates. (nihon-ma.co.jp) (business-standard.com) (ndtvprofit.com)
