Curated By: Business Desk
Last Updated: October 23, 2023, 12:58 IST
The third week of October is anticipating a powerful buzz available in the market.
An preliminary public providing (IPO) is the method by which non-public firms promote their shares to the general public to elevate fairness capital from public traders. Whenever a privately held firm turns into an IPO, it turns right into a public firm. This course of supplies a chance for traders to earn good returns. In India, many non-public firms grew to become IPOs like Coal India, New India Assurance, DLF, ICICI Prudential Life Insurance, and extra. Now, it has been discovered that the third week of October is anticipating a powerful buzz available in the market, with 5 new IPOs to be made obtainable for subscription. Let’s check out them:
Blue Jet Healthcare: It is a non-public firm that manufactures uncooked supplies for medicines. The IPO will open its subscription on October 25, and the value band has been fastened within the vary of Rs 329 to Rs 346 per fairness share. The firm goals to elevate round Rs 840.27 crore, and it will likely be fully a suggestion on the market (OFS) for a 2.43 crore share. Investors will solely have the ability to bid till October 27.
On Door Concepts: It is an e-commerce web site, catering to the wants of grocery and residential necessities. The Small-Medium Enterprise (SME) IPO opens for subscription on October 23 and closes on October 27. They will likely be issuing 14.99 lakh shares and intention to elevate round Rs 31.18 crore.
Paragon Fine And Speciality Chemical: They are concerned within the enterprise of customized synthesis and manufacturing of speciality chemical compounds. It opens for subscription on October 26, 2023, and closes on October 30. The value band of the IPO is Rs 95–Rs 100 per share, and the scale of the IPO is Rs 51.66 crore.
Shanthala FMCG Products: This product distribution firm opens for subscription on October 27 and closes on October 31. Shanthala FMCG Products IPO is a hard and fast value challenge of Rs 16.07 crore, and the value band is priced at Rs 91 per share.
Maitreya Medical Limited IPO: Maitreya Medicare Limited IPO will open on October 27 and shut on November 1. The dimension of this SME IPO is Rs 14.89 crore, and the value band for the IPO is Rs 78–82 per share. Around 18.16 lakh new shares will likely be issued.
