IPOs of three companies will open next week, expected to raise Rs 1,325 crore
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So far this year, 16 companies have raised Rs 13,000 crore through IPO. The Rs 224 crore IPO of Mukka Proteins will close on March 4. Last year i.e. in 2023, 58 companies had raised Rs 52,637 crore from IPO. The Rs 650 crore IPO of Rajkot-based company Gopal Snacks will be entirely based on offer for sale.
New Delhi. There will be a lot of increase in primary market activities in March. Initial public offerings (IPOs) of three companies including Gopal Snacks are opening next week. These are expected to collectively raise an amount of Rs 1,325 crore. IPOs of two more companies RK Swamy and JG Chemicals will also come during the week. Bengaluru-based luxury furniture brands Stanley Lifestyles and Crystal Integrated Services are also expected to have issues in the month of March, merchant banking sources said. Market experts say that due to strong macroeconomic conditions and better returns from recently listed stocks, there is a surge in IPO activities.
So far this year, 16 companies have raised Rs 13,000 crore through IPO. The Rs 224 crore IPO of Mukka Proteins will close on March 4. Last year i.e. in 2023, 58 companies had raised Rs 52,637 crore from IPO. The Rs 650 crore IPO of Rajkot-based company Gopal Snacks will be entirely based on offer for sale (OFS). The price band for the IPO has been fixed at Rs 381 to Rs 401 per share. The IPO of Gopal Snacks will open on March 6 and close on March 11.
The Rs 423.56 crore IPO of integrated marketing services company RK Swamy will open on March 4 and close on March 6. The price band for the IPO has been fixed at Rs 270-288 per share. New shares worth Rs 173 crore will be issued under the IPO, while it will also include an offer for sale (OFS) of up to 87 lakh equity shares. New shares worth Rs 165 crore will be issued in the IPO of zinc oxide manufacturer JG Chemicals. Apart from this, it includes an offer for sale of 39 lakh shares worth Rs 86.2 crore. The company’s IPO will open on March 5 and close on March 7. The price band for the IPO has been fixed at Rs 210 to Rs 221 per share.
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