New Delhi: Three IPOs are going to open next week. This also includes Hyundai’s IPO. Let us tell you that Hyundai is bringing the country’s biggest IPO. One of the IPOs that will open next week is the Main Board IPO. The remaining two IPOs are from the SME segment. Apart from this, there will also be listing of three IPOs next week. Many investors in the stock market prefer to invest through IPO. The reason for this is that they expect to get good returns on listing. Many shares make investors rich upon listing. Many are listed at more than 100 percent premium. However, it is not necessary that there is profit on listing. Many shares are also listed below their price, causing losses to investors.
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1. Hyundai Motor India
Car manufacturer Hyundai is coming with the country’s biggest IPO next week. This is an IPO of the main board. Its issue size is Rs 27,870.16 crore. The company will not issue any fresh shares in this IPO. A total of 14.22 crore shares will be issued. These shares will be issued under Offer for Sale (OFS).
This IPO will open from October 15 to October 17. Allotment will take place on October 18. Its listing will take place on October 22. The price band of this IPO has been kept between Rs 1865 to Rs 1960. There are 7 shares in one lot. For this, Rs 13,720 will have to be invested. A retail investor can book a maximum of 14 lots.
2. Lakshya Powertech Limited
This is the IPO of SME Board. Its issue size is Rs 49.91 crore. The company will issue 27.73 lakh shares. All shares will be fresh. No shares will be issued under OFS.
This IPO will open on 16 October and close on 18 October. Allotment will take place on 21st October. The listing will take place on October 23. Its price band is Rs 171 to Rs 180. There will be 800 shares in one lot. For this, Rs 1.44 lakh will have to be invested. A retail investor can book a maximum of one lot only.
3. Freshara Agro Exports Limited
This IPO is also of SME Board. Its issue size is Rs 75.39 crore. The company will issue 64.99 lakh shares. In this also all the shares will be fresh. No shares will be issued under OFS.
The opportunity to bid in this IPO will be available from October 17. Investors will be able to bid till October 21. Allotment will take place on 22nd October. The listing of this IPO will take place on 24 October. Its price band has been kept between Rs 110 to Rs 116. There are 1200 shares in one lot. For this, Rs 1,39,200 will have to be invested. In this also, a retail investor can book a maximum of one lot only.
They will be listed
There will also be listing of three IPOs next week. This also includes Garuda Construction from the Main Board. Garuda’s issue received a good response from investors and was subscribed 7.55 times overall. Its listing will take place on October 15. Apart from this, listing of Shiv Texchem will be on 15th October and listing of Pranik Logistics will be on 17th October. Both these IPOs are from the SME segment.