Three companies are going to launch their IPO in the stock market next week. Which includes IPOs of one mainboard and two SME companies. However, the size of the IPO of these three companies is going to be much larger than last week. Even after this, despite the kind of decline that is being seen in the stock market, the sentiment to invest in IPO is quite strong. If we talk about the figures, the three companies will jointly raise Rs 1,173.3 crore through IPO, whereas last week IPOs worth Rs 18,500 crore were launched, which also includes Swiggy’s initial share sale of Rs 11,327 crore. Let us also tell you which companies’ IPOs are going to be launched.
Jinka Logistics Solutions IPO
This will be the first and only IPO in the mainboard segment to open next week. Venture capital firm Peak The price band of the IPO has been fixed at Rs 259-273. It plans to raise Rs 1,114.72 crore through the IPO, which includes fresh issue of shares worth Rs 550 crore and OFF of 2.07 crore shares.
Mars Compusolutions IPO
Mangal Compusolutions is a hardware rental solutions company whose IPO will open on 12th November. The size of this IPO is Rs 16.23 crore. Whose issue price will be Rs 45 per share. This is a fixed price issue, which will close on November 14.
Onyx Biotech IPO
Onyx Biotech, which provides sterile pharmaceutical products to several pharma companies, plans to raise Rs 29.34 crore from the sale of 48.1 lakh equity shares at the upper end of the price band of Rs 58-61 per share. Subscription for this IPO will start from 13th November and will close on 18th November.
IPOs are closing next week
From the mainboard segment, health insurance company Niva Bupa Health Insurance Company will do an IPO of Rs 2,200 crore on November 11. In the last two days of subscription, it was already fully subscribed with bids 1.17 times the offer size. SME segment’s Neelam Linen and Garments (India) will also close its Rs 13 crore IPO next week on November 12. So far 2.38 times purchases have been made under the offer.
These companies will be listed
Segility India will be the first company to be listed in the stock market in the mainboard segment next week on 12th November. This issue was subscribed 3.2 times during November 5-7. Food delivery giant Swiggy and power producer ACME Solar Holdings will debut on the stock market on November 13 after receiving subscription of 3.59 times and 2.75 times respectively, while trading in shares of Niva Bupa Health Insurance Company will begin from November 14.
