IPOs of 13 companies are going to come in the market

IPO This Week: Investors are enthusiastic about IPO in the Indian stock market. In view of this, companies are also coming up with IPO to raise money from the market. IPOs of 13 companies are going to hit the market in the week starting from 25th March. Collectively the companies are trying to raise Rs 478.06 crore from the market. However, only one company is going to be listed on the mainboard. The company listed on the mainboard is SRM Contractors Limited. The company is trying to collect Rs 130.20 crore from the market. This will be the biggest IPO of this week. Let us know about other IPOs coming this week.

SRM Contractors Limited

SRM Contractors, a company specializing in construction in the difficult areas of Jammu and Kashmir and Ladakh of India, is bringing its IPO in the market. The company is trying to collect Rs 130.20 crore from the market. SRM Contractors has fixed its price band at Rs 200 to Rs 210 per equity share. Bids for this can be placed from 26 March 2024 to 28 March 2024. The allotment of shares will take place on April 1, 2024.

Creative Graphics Solutions India Limited

This company is known as Tanushi Industries Private Limited. You can bid for this from March 28 to April 4. The company is trying to collect Rs 54.4 crore from the market. The price band of IPO has been fixed at Rs 80-85 per share. In this, retail investors have to apply for at least one lot. One lot contains 1600 shares. According to this, they will have to invest at least Rs 1,36,000 lakh.

Also Read: Noida company is coming with an IPO of Rs 54 crore, know the details

Trust Fintech Limited

Bidding for Trust Fintech Limited will be held between March 26 and March 28. The price band for this has been fixed at Rs 95 to Rs 101. In the IPO, 62.82 lakh new shares of face value Rs 10 will be issued through book building route. The shares of the company will be listed on Emerge, the small and medium enterprises platform of NSE. At the upper end of the price band, the company will be able to raise an amount of Rs 63.45 crore. Investors will be able to bid for a minimum of 1,200 shares and thereafter in multiples.

Vriddhi Engineering Works

The company is trying to collect Rs 4.76 crore through Vriddhi Engineering Works IPO. Bids for this can be placed between March 26 and March 28. The company has fixed the price band of IPO at Rs 66 to Rs 70 per share. The allotment of IPO will be done on April 1st. Whereas, the listing of the company is likely to happen on April 3. The company was established in the year 2020.

IPOs of these companies are also coming

Bids for Aluwind Architectural Limited IPO can be made from March 28 to April 4. The company is trying to deposit Rs 29.70 crore through this. Jai Kailash Namkeen Limited aims to raise Rs 11.93 crore through IPO. Bidding for this will be done between March 28 and April 3. Apart from this, IPOs of K2 Infragen Limited, Yash Optics and Lens Limited, Radiowala Network Limited, TAC Infosec Limited, Blue Pebble Limited, Aspire and Innovative Advertising Limited and GConnect Logitech and Supply Chain are also going to come in the market.