4 mainboard IPOs opening this week. The process of selling shares of a private company to the general public in a fresh stock issuance is known as an initial public offering (IPO). IPO market is at the peak now with multiple companies are coming up with their IPO in the second part of the year. There has been a tonne of new public offers on the primary market to come up including Tata Technologies, NSDL, Tata Play, etc. The pace of the primary market is also picking up.
Four companies are coming up with IPO this week namely RR Kabel, SAMHI Hotels, Zaggle Prepaid Ocean Services, and Yatra Online.
One SME IPO Chavda Infra (SME) will also open this week for subscription in their first public offerings this week.
Coming to the facts about investment in primary market, FPIs invested more than Rs 21,000 crore in IPOs between April and August of this year. This is an encouraging factor for the Indian Primary market.
With IPOs like EMS Limited and Jupiter Life Line Hospitals has recorded strong interest in investor. These two companies are raising a total of more than Rs 1190 crore this week.
This week again, two main board IPOs are opening for subscription along with one SME IPO for public.
2 IPOs listing today
Two IPOs such as Ratnaveer Precision Engineering, and Rishabh Instruments are listing today on 11-09-2023.
Ratnaveer IPO was subscribed 94 times on the closing day of the IPO. As per the market analyst the Ratnaveer Share is commanding a premium of Rs 61 (GMP) at the IPO price band of Rs 93-98 per share.
Rishabh Instruments IPO was subscribed 31.65 times on the closing day of the IPO. As per the market analyst the Rishabh instrument Share is commanding a premium of Rs 60 (GMP) at the IPO price of Rs 441 per share.
4 mainboard IPOs opening this week
RR Kabel IPO
RR Kabel is opening its initial public offering (IPO) for subscription on September 13 for the general public. The anchor book will open on September 12 for one day, and the IPO will end on September 15.
The pricing range for RR Kabel’s IPO has been set at Rs 983-1,035 per share. RR Kabel hopes to raise Rs 1,964 crore from the IPO at the top of the price band.
The initial public offering (IPO) consists of a new issue of equity shares worth Rs 180 crore and an offer for sale (OFS) of 1.72 crore equity shares by the promoters and investors for Rs 1,964 crore.
RR Kabel plans to utilise the fresh issue proceeds mainly for repaying debt amounting to Rs 136 crore, and for general corporate purposes.
RR Kabel IPO will list on BSE, NSE on Tuesday, September 26, 2023.
Samhi Hotels IPO
Samhi Hotels IPO is opening for subscription on September 14 until September 18.
The IPO consists of an offer for sale (OFS) of 1.35 crore shares by selling stockholders, as well as a new equity offering of up to Rs 1,200 crore (up from Rs 1,000 crore).
The OFS calls for the sale of 84.2 lakh shares by Blue Chandra Pte, the sale of up to 49.31 lakh equity shares by Goldman Sachs, and the surrender of 1.4 lakh shares by GTI Capital Alpha.
Its portfolio includes well-known brands including the Hyatt Regency in Pune and the Courtyard by Marriott in Bengaluru.
Net proceeds from the issue worth Rs 900 crore will be used towards repaying debt and the remaining for general corporate purposes.
zaggle prepaid ocean services IPO
Zaggle Prepaid Ocean Services IPO is opening for subscription from September 14, 2023 to September 18, 2023. This is a Book Built Issue. The IPO total issue size is Rs 391 crore as fresh issue and an offer for sale of 10,449,816 shares at face value of ₹1. The Zaggle Prepaid Ocean Services IPO price is ₹156 to ₹164 per share. The IPO will list on BSE, NSE Wednesday, September 27, 2023.
Yatra Online IPO (Yatra IPO)
Yatra Online IPO (Yatra IPO) is opening for subscription from September 15, 2023 to September 20, 2023. Yatra Online IPO is a Book Built Issue. The Yatra IPO total issue size is Rs 602 crore of fresh issue and and offer for sale of 12,183,099 shares at face value of ₹1. The IPO will list on BSE, NSE on Thursday, September 28, 2023.
SME IPO India
Chavda infra IPO
Gujurat based Chavda infra, an SME company, is opening for subscription on September 12, with its initial public offering of Rs 43.26 crore. The IPO will close on September 14.
The price range for the Chavda Infra IPO has been set at Rs. 60-65 per share. Only a new issue of 66.56 lakh equity shares by the corporation is included in the IPO.
A total of 50% of the net issue size, or 31.6 lakh shares, is set aside for qualified institutional buyers, 15% are allocated to high-net-worth people (9.48 lakh shares), and the remaining 35% are allocated to retail investors (22.12 lakh shares).
More From Across our Website
We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO. Learn all company insights for investment in new companies in the Indian share market 2023. To know more information about company insights for investment, business overview of companies for investment, here are some suggested readings on company insights for investment –10 Best IPOs in 2022, Tata Motors Stock Price, Tata Play IPO, Upcoming IPOs, Upcoming SME IPOs, Tesla Stock Price, Tata Technologies IPO.
mind2markets is in news
Feedstop has mentioned mind2markets website as one of the best site to provide stock analysis and insights about the company to invest in. Keep in touch.