IPO This Week: Opportunity to earn bumper this week, these 5 IPOs created a stir in the gray market, getting 32% premium
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IPO This Week: Last week was full of excitement for the Indian stock market. Tata Technology’s IPO gave 140 times return to investors. In such a situation, the market is expecting better returns from the IPO this week also. Commenting on the IPO market last month, Vinod Nair, head of research at Geojit Financial Services, said the IPO market maintained its vibrancy, highlighted by the stellar listing of Tata Technologies, which boosted investor confidence in riskier assets. This week the market will also be filled with some new listings and IPOs in both main-board and SME segments, which will be available for subscription. Net Avenue Technologies IPO will close for bidding on Monday, December 4, Marintrans India IPO and Graphisades Limited IPO will close on Tuesday, December 5. There is a lot of discussion about these IPOs in the gray market. There is a premium of about 32 percent on the IPO of Graphisades Limited. Let us know the details about these IPOs.
Sheetal Universal IPO
Sheetal Universal Limited is a large agricultural commodity supplier company in the market. Its IPO will open for subscription on December 4 and will close on December 6. The IPO issue size is ₹23.80 crore which is entirely a fresh issue of 34 lakh equity shares. The price range of the IPO has been fixed at ₹70 per share. The IPO lot size is 2,000 shares and the minimum investment amount required for retail investors is ₹140,000.
accent microcell ipo
Xcent Microcell IPO will open for subscription on December 8, 2023 and close on December 12, 2023. The IPO will be listed on NSE SME, with a tentative listing date of Friday, December 15, 2023. The price band for the SME IPO has been fixed at ₹133 to ₹140 per share. The minimum lot size for an application is 1000 shares. The minimum investment amount required for retail investors is ₹140,000.
Net Avenue Technologies IPO
Net Avenue Technologies IPO opened for subscription on November 30 and will close on December 4. This is a book-built issue of ₹10.25 crore and a completely fresh issue of 56.96 lakh shares. The price band of Net Avenue Technologies IPO has been set at ₹16 to ₹18 per share. The minimum lot size for an application is 8000 shares.
Marinetrans India Limited IPO
MarineTrans India IPO bids opened for subscription on November 30 and will close on December 5. The allotment for MarineTrans India IPO is expected to be finalized on Friday, December 8, 2023. The IPO price band has been fixed at ₹26 per share. The minimum lot size of an application for retail investors is 4000 shares, with a minimum investment amount of ₹104,000.
Graphisades Limited IPO
The Graphisades IPO opened for bidding on November 30 and will close on December 5. The IPO is a fixed-price issue of ₹53.41 crore and a fresh issue of entirely 48.12 lakh shares. The price of Graphisades IPO is ₹111 per share. The minimum lot size for an application is 1200 shares. The minimum investment amount required for retail investors is ₹133,200.
Swastik Plascon IPO
Bidding for Swastik Plascon IPO started on November 24, 2023 and ended on November 29, 2023. The allotment for the Swasthya Plascon IPO is expected to be finalized on Monday, December 4. The IPO will be listed on BSE SME with a tentative listing date.
what is ipo
Full name of IPO Initial Public Offering Is. It is a financial process in which a private company decides to issue an offer of its stock to investors in the open market. This is the first time for the company when it goes to sell its shares in the open market. When a company issues an IPO, it publicizes its shares and gives investors the opportunity to buy its shares. Through IPO, the company makes its stock available to investors through public and news media so that they can buy it. Through IPO, the company mostly tries to attract new investors for its stock and through this the company collects most of the capital to fulfill its development and financial plans. This is an attractive option for investors because it offers them the opportunity to own a public company.
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