New Delhi:
IPO 2024: The Indian Inventory Market has seen a downward pattern in current weeks, but it surely doesn’t appear to have any influence on the first. On this enterprise week (twenty first to twenty fifth October), 9 Preliminary Public Choices (IPOs) price Rs 10,985 crore are going to open for retail buyers. Throughout this era, there will probably be itemizing of three public points together with Hyundai Motor India IPO.
Waaree Energies IPO
Waaree Energies IPO would be the first IPO to open for subscription this week on October 21, whose value band will probably be Rs 1,427-1,503 per share. This public challenge of Rs 4,321 crore will shut on October 23, which features a recent challenge of Rs 3,600 crore and offer-for-sale (OFS) of 48 lakh shares price Rs 721.44 crore. Promoters Waari Sustainable Finance and Chandurkar Funding will promote shares in OFS.
Earlier than the IPO, on October 18, the corporate has raised an quantity of Rs 1,277 crore from anchor buyers. It’s a photo voltaic photovoltaic module manufacturing firm. Its predominant rivals embody listed corporations resembling Premier Energies and Websol Power.
Deepak Builders IPO
Subscription of Deepak Builders and Engineers India IPO will open for retail buyers between October 21 and October 23. The dimensions of this IPO will probably be Rs 260 crore. There’s a recent challenge of Rs 217 crore and OFS of Rs 42.83 crore. Earlier than the IPO, the corporate has raised an quantity of Rs 78 crore from 5 anchor buyers.
Godavari Biorefineries IPO
Godavari Biorefineries IPO will open from twenty third to twenty fifth October. The corporate plans to boost Rs 555 crore via this IPO. The IPO will see issuance of latest shares price Rs 325 crore and a suggestion on the market of 65.26 lakh shares price Rs 229.75 crore by promoters and investor Mandala Capital AG. Its value band has been fastened from Rs 334 to Rs 352 per share.
Afcons Infrastructure IPO
The IPO of Afcons Infrastructure, owned by Shapoorji Pallonji Group, will even open for subscription on October 25. The worth band for the Rs 5,430 crore IPO will probably be introduced on October 21. The infrastructure and engineering development firm has set a goal of elevating Rs 1,250 crore via recent challenge and Rs 4,180 crore via offer-for-sale.
Many IPOs will open for subscription to retail buyers subsequent week
Aside from Mainboard, within the SME phase, Premium Plast (Premium Plast IPO), Danish Energy (Danish Energy IPO), United Warmth Switch IPO, OBSC Perfection (OBSC Perfection IPO) and Usha Monetary Providers (Usha Monetary Providers IPO) are subsequent. The weeks will open for subscription to retail buyers.
The itemizing of the nation’s greatest ever IPO of Rs 27,870 crore, Hyundai Motor India, will happen on October 22. Aside from this, within the SME phase, shares of Lakshya Powertech (Lakshya Powertech IPO) and Freshara Agro Exports (Freshara Agro Exports IPO) will even be listed on October 23 and 24 respectively.
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