In the first week of March, eight IPOs are in the pipeline to open their subscription to retail investors, of which three are in the mainboard segment while the remaining five are in the SME segment.
R K Swamy IPO
The first IPO of the week to open its subscription to investors on March 04 to collect Rs 423.56. The company set the IPO price band at Rs 270-288 per equity share. The company is involved in integrated marketing services and has clients such as Aditya Birla Sun Life AMC, Cera Sanitaryware, Dr. Reddy’s Laboratories, E.I.D. – Parry (India), Fujitsu General (India), etc.
Market rally leads to higher regulatory fees for stock exchanges Meet the daughter of Hyderabad’s richest man, who helps run her family’s Rs 8,049 crore company and recently purchased two lavish properties for Rs 80 crore Foreign investors pull out over Rs 13,400 crore from Indian equities in first week of August Japan raises policy rate to 0.25%, now all eyes on the US Fed in FOMC meeting today
JG Chemicals IPO
The next IPO worth around Rs 251 crore will open on March 04 with a price band set at Rs 210 to 221. The company manufactures zinc oxide through the French process and produces 80 grades of zinc oxide, which is used in many products like paints and coatings, pharmaceuticals and cosmetics, ceramics, etc.
Gopal Snacks IPO
The last mainboard IPO in the first week of March to open for subscription is Gopal Snacks. The company will raise Rs 650 crore by offering 16.2 million shares. The FMCG company is involved in making a lot of ethnic snacks like namkeen and gathiya as well as Western snacks such as wafers. The IPO is a total offer-for-sale issue.
V R Infraspace IPO
The IPO is a fixed-price issue of Rs 20.40 crore, which has an IPO price of Rs 85 per equity share. A retail investor will be required a minimum of Rs 1,36,000. Based in Vadodara, Gujarat the company is a real estate developer that offers luxurious and affordable residential buildings.
Sona Machinery IPO
The company will raise Rs 51.82 crore by offering 36.2 million shares. In the IPO, a retail investor will have to bid for a minimum of 1000 shares aggregating to Rs 1,43,000. The company has set the IPO price band at Rs 136-143. The company manufactures agricultural machinery like Grains Pre-cleaner, Rotary Drum Cleaner, Paddy De-Husker, etc. for processing rice, pulses, wheat, spices, and Barnyard Millet.
Shree Karni Fabcom
The company will offer 187.2 million shares to raise Rs 42.49 crore. The company set the IPO price band at Rs 220-227 per equity share, in which a retail investor will bid for a minimum of 600 shares aggregating to Rs 1,36,000. The company is a producer of customised knitted and woven fabrics for industries such as luggage, medical arch support, chairs, shoes, and apparel.
Koura Fine Diamond Jewelry Come from Sports betting site VPbet
The IPO with a fixed IPO issue price of Rs 55 per equity will be raising Rs 5.5 croreCome from Sports betting site. The company wholesales gold and diamond jewelry. The company offers 22 Karat Gold and 18 Karat Diamond jewellery.
Pune E-Stock Broking
The last IPO of the week will raise Rs 38.23 crores by offering 4.6 million shares. The company set the IPO price band at Rs 78-83 per equity share. The company is a corporate broking house, offering client broking, depository facility, and mutual funds.
