Upcoming IPO
These days the stock market is going through a period of rapid and continuous ups and downs. Every week, IPOs of new companies are being launched, which is creating new opportunities for investors. In this series, the coming week is also going to be special, because between 19th and 21st November, two new IPOs of Excelsoft Technologies and Gallard Steel are going to open. Along with this, seven companies will also be listed in the stock market between 18th and 21st November, due to which there will be more movement in the market.
These IPOs will open
The first issue to hit the IPO market is that of Excelsoft Technologies. This company works on SaaS i.e. Software as a Service model and provides technical services related to education and examinations. The IPO of the company will open on 19th November and close on 21st November. For this, the price band of Rs 114 to 120 has been fixed. In this issue of approximately Rs 500 crore, new shares worth Rs 180 crore will be issued, while a portion of Rs 320 crore will be offered for sale. The company will use the amount raised to purchase new land, construct buildings, strengthen IT infrastructure and meet other corporate needs. ExcelSoft’s global presence is also strong. It serves 76 clients in 19 countries, including big names like Pearson Education and AQA Education.
Gallard Steel IPO
The second IPO is of Gaillard Steel, which manufactures engineered steel castings and supplies to railways, defence, power and industrial sectors. The company’s SME IPO will also be open from 19 to 21 November. Its total size is Rs 37.50 crore, which will be a completely fresh issue. The price band of this IPO has been kept at Rs 142 to Rs 150 and being an SME, the minimum lot size has been fixed at 2000 shares. The company will use this fund to expand its manufacturing unit, construct a new office, repay some debt and meet general corporate expenses. Although SME IPOs have higher growth potential, they also come with relatively higher risks.
These issues will be listed
On the IPO front, next week is also going to be busy in terms of listing. A total of seven companies will be listed in the stock market between November 18 and 21. Physicswala, MV Photovoltaic, Mahamaya Lifesciences and Workmates Core2Cloud will be listed on November 18. After this, listing of Tenneco Clean Air is scheduled on 19th November, Fujiyama Power Systems on 20th November and Capillary Technologies on 21st November. All these companies come from different sectors like edtech, pharma, electric vehicles, solar, auto parts and SaaS, which will provide diverse options to investors.