Together the three companies will raise about 2400 crores.
Three IPOs are knocking in the stock market next week. Together, the three companies will collect a fund of about 2400 crores from the market. Let’s know about these companies.
LIC’s mega IPO next week (LIC IPO) is about to be listed. Meanwhile, three more IPOs are coming for the investors next week. With the help of these IPOs, companies will raise funds of 2400 crores. next week Paradip Phosphate IPO ,Paradeep Phosphates IPO), Ethos IPO (Ethos IPO) and eMudra IPO is coming up. According to the information available on BSE, Paradip Phosphate IPO will open for subscription on May 17 and will close on May 19. It is a fertilizer company with an issue price of Rs 39-42 per share. A minimum of 350 shares can be bid. This IPO is worth 1502 crores. The share allotment will take place on May 24 and the listing will take place on May 27.
The government has a total stake of 19.55 percent in this company. The government is going to sell its entire stake. Zuwari Marco Phosphate Private Limited (ZMPPL) holds 80.45 percent stake. The company has started manufacturing facility in Goa. The amount deposited from the IPO will be used for financing this facility.
Know Complete Details of Ethos IPO
Talking about Ethos IPO, this IPO is worth 472 crores. The issue price has been kept at Rs 836-878. This IPO will open for subscription on May 18 and will remain an investment opportunity till May 20. Its lot size is 17 shares. Meaning investors will have to buy at least 17 shares. This company will be listed on both the NSE, BSE platforms. The allotment of shares will take place on May 25 and its listing is on May 30.
Know all about eMudhra IPO
Talking about eMudhra IPO, this IPO is worth 412 crores. It will open for subscription on 20th May and can be invested till 24th May. The issue price has been fixed at Rs 243-256. The investor can invest a minimum of 58 shares. Share allotment will take place on May 27 and the company will be listed on June 1.
This news is being written right nowâ€¦