You will get a chance to invest money on these IPOs
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IPO This Week: The month of March is going to be very busy for the Indian stock market. This month, IPOs of best companies are going to hit the market. Seven companies will launch their issues in the week starting from March 4. In this, three companies will be listed on the mainboard. Mainboard IPOs of RK Swami, JG Chemicals and Gopal Snacks will be launched in the market in an attempt to raise a total of Rs 1,324 crore. Whereas, in the SME segment, public offers of VR Infraspace, Sona Machinery, Shree Karni Fabcom and Pune E-Stock Broking will be seen. There will be eight new listings of companies in the market this week.
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RK Swamy Limited IPO
The IPO of RK Swami Limited, which does marketing communication, customer data analysis, full service market research and syndicated study, is going to open in the market on March 4. You can apply for this till March 6. The company is trying to collect Rs 423.56 crore from the market. There is a fresh issue of Rs 173 crore in this. Whereas, shares worth Rs 250.6 crore are included in the offer for sale. The company has fixed its price band at Rs 270-288.
JG Chemicals Limited IPO
JG Chemicals Limited, a zinc oxide manufacturing company, is coming to the market with its IPO. The company is trying to raise Rs 251 crore through its IPO. The application for this is starting from March 5th. The company has fixed the price band of Rs 210-221 per share for this. Investors got three days to invest money for this IPO. The last date for application has been kept as 7th March. New equity shares worth up to Rs 165 crore will be issued in the IPO. Apart from this, it will also include Offer for Sale (OFS) of 39 lakh shares worth up to Rs 86.2 crore.
Gopal Snacks Limited IPO
The IPO of Gujarat’s namkeen manufacturing company Gopal Stacks Limited is coming in the market. The company is trying to collect Rs 650 crore through this IPO. This includes all shares under offer for sale. The company has fixed the price band of Rs 381 to Rs 401. Applications for this can be made from March 6 to March 11. Retail investors will have to bid for a minimum of one lot. This includes 37 equity shares. After that bidding will have to be done in multiples of 37 equity shares. This means that at least Rs 14,837 will have to be invested at the upper price limit.
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