2024-10-07 08:39:52
New Delhi: Two IPOs are going to open next week. After the flurry of IPOs last month, the number of IPOs is less this week. Of the two IPOs that will open next week, one is from the Main Board and the other from the SME Board. On the other hand, there will be listing of 6 IPOs next week. All the IPOs being listed are from the SME segment. IPOs of some big companies will also open this month. They have also received approval from SEBI. Many people like to invest in the share market through IPO. The reason for this is that many IPOs give tremendous returns to investors upon listing. Many IPOs are listed at more than 100 percent premium. In such a situation, investors’ money more than doubles in a single day. Last week, the IPO of KRN Heat Exchanger was listed at a premium of about 114 percent. If the listing is not good then sometimes investment in IPO also results in loss.
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1. Garuda Construction and Engineering
The issue size of this Main Board IPO is Rs 264.10 crore. In this, 1.83 crore fresh issues worth Rs 173.85 crore will be issued. Whereas 95 lakh shares worth Rs 90.25 crore will be issued under Offer for Sale (OFS).
This IPO will open for investment on October 8. Investors will be able to bid for this till October 10. Allotment will take place on October 11. The listing will take place on October 15. The price band of the share is between Rs 92 to Rs 95. There are 157 shares in one lot. For this investors will have to invest Rs 14,915. A retail investor can book a maximum of 13 lots.
What does the company do?
This is a construction company. It was established in 2010. This company constructs residential, commercial, industrial etc. projects. It also provides services for infrastructure and hospitality projects. The company will use the IPO proceeds to fund its working capital, make some acquisitions and for general corporate purposes.
2. Shiv Texchem Limited
This is the IPO of SME Board. Its issue size is Rs 101.35 crore. The company will issue 61.06 lakh shares which will be completely fresh. No shares will be issued under OFS.
This IPO will also open for investment on October 8. Investors will be able to bid till October 10. Allotment will take place on October 11. The listing will take place on October 15. The price band of the share has been kept between Rs 158 to Rs 166. There are 800 shares in one lot. For this, investors will have to invest Rs 1,32,800. A retail investor will be able to book only one lot.
What does the company do?
This company imports and distributes hydrocarbon based chemicals. This chemical is used as raw material in many types of industries. The company was established in 2005. The company will use the funds received from IPO to meet its long-term working capital needs. Besides, this amount will also be used for general corporate purposes.
These IPOs will be listed
There will also be listing of 6 IPOs next week. All these IPOs are from the SME segment. These include HVX Technologies, Saaz Hotels, Subam Papers, Paramount Dye Tech, Neopolitan Pizza and Kyati Global Ventures.