The stock market may once again be buzzing with IPOs next week. This week, one mainboard IPO and 3 SME IPOs can hit the stock market. The special thing is that this week a company is coming with IPO in the stock market, which is a stock market broking firm. Whose name is Grow. On the other hand, listing of 5 companies is also on the doorstep. In which the prominent names are Orkla India and Safecure Services. However, the month of November can be even bigger than October in terms of IPOs. Recently there was news that IPOs worth Rs 76 thousand crore can hit the primary market this month. Let us also tell you which companies are coming to the primary market this week.
grow ipo
The highlight of the IPO calendar in the next half is undoubtedly the Groww IPO, launched by BillionBrains Garage Ventures, the parent company of one of India’s most popular investment platforms. This public issue of Rs 6,632.30 crore will open for bidding on November 4 and will close on November 7. With a lot size of 150 shares, the price band has been fixed at Rs 95-100 per share. This means that according to the upper band, the value of one lot size will be Rs 15,000. This issue includes new shares worth Rs 1,060 crore and OFS worth Rs 5,572.30 crore. In which the promoter and several major investors including Peak XV Partners, Ribbit Capital and YC Holdings will partially sell their stake.
Shreeji Global FMCG IPO
Shreeji Global FMCG’s Rs 85 crore IPO will open on November 4 and close on November 7. This IPO is a completely new IPO and its price band is Rs 120-125 per share. Retail investors can apply in lots of 2,000 shares. These shares are going to be listed on NSE SME on 12th November.
Finbud Financial Services IPO
The public issue of Rs 71.68 crore of Finbud Financial Services will open on November 6 and close on November 10. Available at a price of Rs 140-142 per share, this IPO is also a new IPO, whose shares are expected to be listed on NSE SME on 13 November.
Curis Lifesciences IPO
Curis Lifesciences’ IPO of Rs 27.52 crore will open on November 7 and will run till November 11, with a price band of Rs 120-128 per share. Its listing is likely to happen on NSE SME on 14 November. For retail investors, there will be 2,000 shares in each lot.
5 companies will be listed next week
New IPOs are opening for subscription, while in the secondary market also 5 new listings are reaching the exchanges. Jayesh Logistics is going to be listed in the stock market on 3rd November. On the other hand, game changer TexFab will be listed in the secondary market on November 4. One of the most important companies, Orkla India and Safecure Services, will debut in the market on 6th November. Studs Accessories will enter the secondary market on 7th November.