Dalal Street is abuzz with initial public offerings (IPO) this month. Investors have currently rushed to invest in Easy Trip Planners and MTAR Technologies so far this month, and Anupam Rasayan’s IPO, which opened today, is seeking to tread on the exact same path. But, that may not be all. At least 5 more IPOs are lined up for investors to attempt their luck in prior to the economic year ends. The enormous interest in IPOs has been generated owing to the stellar listing overall performance so far. As a lot of as 16 corporations of 21, that produced their stock industry debut this fiscal year, have listed with a premium more than the IPO cost.
Here’s what is in shop for investors hunting IPOs
Anupam Rasayan IPO opened for subscription today. The firm is seeking to raise Rs 760 crore via the IPO which is a fresh situation of equity shares. The corporation is promoting shares in the cost band of Rs 553-555 per share. Bids can be placed for a minimum of 27 equity shares and in multiples thereafter, translating to a minimum investment of Rs 14,985. The situation will close on March 16.
Laxmi Organic IPO will open for investors on Monday. The corporation is seeking to raise Rs 600 crore via the situation, which is an amalgamation of a fresh situation and an Offer For Sale (OFS) by current shareholders. The cost band has been set as Rs 129-130 apiece exactly where investors can bid for 115 shares and multiples thereafter. Laxmi Organic’s IPO will close on Wednesday next week.
Craftsman Automation IPO will also open on Monday and close on Wednesday next week. The give consists of a fresh situation of equity shares of Rs 150 crore and OFS of up to 45.21 lakh equity shares. Investors can bid for shares in multiples of 10 per lot in the cost band of Rs 1,488-1,490 per share.
In the exact same week, the IPO of Kalyan Jewellers will also open. Through the IPO, Kalyan Jewellers will seek to raise Rs 1,175 crore via a fresh situation of Rs 800 crore and the rest getting an OFS. Shares will be accessible for investors to bid for in the cost band of Rs 86-87 per share and the bid lot has been decided at 172 shares and multiples thereafter. The situation will close on Thursday next week.
Rakesh Jhunjhunwala-backed Nazara Technologies will also enter Dalal Street next week seeking to raise Rs 582.91 via an OFS. The situation will open on Wednesday next week. Investors can bid for shares in the cost band of Rs 1,one hundred to Rs 1,101 per equity share of face worth Rs 4. Bids can be placed for a minimum of 13 equity shares and multiples thereafter, translating to a minimum investment of Rs 14,313. The situation closes on Friday.
Suryoday Small Finance Bank will accompany Nazara Technologies with each the difficulties opening for subscription collectively. The corporation has fixed a cost band at Rs 303-305 per share of face worth of Rs 10 every. The situation will close for subscription on March 19, 2021. Suryodave SFB will look to raise Rs 582 crore via the IPO.
Next week, investors will also be keenly seeking forward to listing and allotment of shares of the currently completed provides. MTAR Technologies is anticipated to make its stock industry debut on March 16. Apart from this, Easy Trip Planners IPO allotment is anticipated to be out on March 16 and paving the way for its listing on next Friday.
Be cautious about IPO buzz
IPOs have been the speak of the street for a extended time now, and retail investors have been flooding the street for IPOs. High demand has also produced allotment tricky at this juncture. “People can try their luck, applying for IPO, for listing gains but when going in for longer-term investors need to be cautious,” mentioned Aditya Kondawar, Founder and COO, JST Investments, told TheSpuzz Online. He highlighted that there is a sudden rush of IPOs in the industry provided that the industry is filled with liquidity although advising investors be cautious if going in for the extended-term.