IPOs of these companies will open this week
IPO: IPO investors are going to get many investment opportunities this week also. This week, three IPOs in the mainboard segment and 13 in the SME segment are going to open for subscription. All these companies are preparing to raise a total of Rs 4000 crore. Last week, three mainboard issues of Signature Global, Sai Silks and Manoj Vaibhav Gems Jewelers were opened, the total issue size of which was Rs 2200 crore. Here we have given complete information about the IPO opening this week.
JSW Infrastructure IPO
JSW Infrastructure’s IPO is scheduled to open for subscription on September 25. Investors have the opportunity to invest in it till September 27. The company wants to raise Rs 2800 crore through IPO. The company will open the public issue at a price of Rs 113-119 per share. The issue is only fresh equity share based i.e. there will be no Offer for Sale (OFS). This is the first IPO of JSW Group in the last 13 years.
Updater Services IPO
Updater Services has fixed the price band for its IPO (Updater Services IPO). It has been kept at Rs 280-300 per share. The size of the IPO is Rs 640 crore and it is scheduled to open on 25 September 2023. Investors will have time till September 27 to invest money. Under this public issue, new shares worth Rs 400 crore will be issued. There will also be an Offer for Sale (OFS) of Rs 240 crore from three shareholders. Updater Services claims to be the second largest player in the integrated facility management market in India.
Valiant Laboratories IPO
The IPO of pharmaceutical ingredients manufacturing company Valiant Laboratories is scheduled to open for subscription on September 27. Under this IPO, 1.08 crore fresh equity shares will be issued and there will be no sale under Offer for Sale (OFS). For this the company has kept a price band of Rs 133-140 per share. Investors will have the opportunity to invest in it till October 3. At the same time, for anchor investors this issue will open a day earlier i.e. on 26th September. The company is planning to raise Rs 152.46 crore through IPO.
13 SME IPOs are about to open
This week about 13 companies are coming out with their IPO in the SME segment. The biggest among these is the Rs 50 crore issue of Vishnusurya Projects, which is scheduled to open on September 29. The SME segment has witnessed blockbuster subscriptions recently and delivered massive listing gains to investors.
Five SME IPOs – Arabian Petroleum (Rs 20.2 crore), Nujasa Tech (Rs 39.9 crore), Inspire Films (Rs 21.2 crore), Sakshi Medtech (Rs 45.16 crore), DigiCore Studios (Rs 30.48 crore) up for public subscription on September 25. Will open. Other offers opening this week include Sunita Tools and Goyal Salt (September 26), Canary Automation, OneClick Logistics, Vinyas Innovative Tech and e-Factor Experience (September 27).
