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If you are looking for investment opportunities in the IPO market, then this week can prove to be very busy and exciting for you. A total of six companies are bringing their IPO this week, including one mainboard and 5 sme issue.
These companies are connected to different sectors, such as airport food service, neutrition supplements, power solutions, packaging and pharma sector. Let us know which IPO investors are drawing attention this week, what is their gray market premium (GMP) and when the listing is going to happen.
Travel Food Services का मेनबोर्ड IPO
Mumbai-based Travel Food Services Company operates Quick-Service Restaurant and Lounge at many airports in India and Malaysia. The company’s mainboard IPO is opening on July 7 and this issue will be closed on July 9.
Under this offer, the company is going to sell 1.82 crore shares, which has been priced at Rs 1,045 to Rs 1,100 per share. Investors will have to apply for minimum 13 shares. The company’s shares will be listed on both NSE and BSE on 14 July.
Kotak Mahindra Capital, ICICI Securities, HSBC Securities and Batlivala & amp; Karani Securities are the book running lead manager of this issue. The GMP of this issue in the gray market is currently running at Rs 71, which can lead to the listing price of Rs 1,171, ie about 6.45 percent more than the upper price band. However, the final listing price will depend on the ups and downs of the market.
sme knocks of 5 companies in the market
This week five companies are ready to draw the attention of investors in the SME segment.
Glen Industries , which makes Thin-Wall container and biodegradable straw for hotels and food packaging sectors, will launch its IPO on 8 July. The company wants to raise Rs 63.02 crore through this issue and the price has been fixed from Rs 92 to 97 per share. Investors will have to apply for at least 4,800 shares. According to GMP, its shares are trading at a premium of Rs 25, making the possible listing price reach about Rs 122.
Chemkart India ‘issue will be open from July 7 to July 9. The company makes neutral supplements and is raising around Rs 80.08 crore, out of which 64.48 crore fresh issue and 15.60 crore offer for sale. The price per share has been kept at Rs 236 to 248 and the application of minimum 2,400 shares is mandatory. Currently its Gmp is zero, that is, this issue is trading in the gray market without a premium, which can be around Rs 248.
Smarten Power Systems is also opening its issue between July 7 to July 9. This company is collecting funds of Rs 50.01 crore, out of which a fresh issue of 40.01 crore and an offer of 10 crore are included. The price per share has been fixed at Rs 100 and application for minimum 2,400 shares is required. The GMP of the company is currently flat and the listing price is also considered to be around Rs 100.
CFF Fluid Control ‘issue will be open from 9 July to 11 July. The company has fixed Rs 585 per share and the size of this issue is Rs 87.75 crore. Investors will have to apply for at least 400 shares. Currently, the GMP of this issue is zero and the possible listing price is also considered around Rs 585.
Asston Pharmaceuticals is also bringing IPO this week. Its issue will be open from 9 July to 11 July. This pharma company is in a plan to raise Rs 27.41 crore. The price per share has been fixed at Rs 115 to 123 and it is mandatory to apply for at least 2,000 shares. The company’s shares are currently trading at a premium of Rs 10, which can lead to a possible listing up to Rs 133, ie about 8.13 percent more than the upper price band.
Keep an eye on the listing schedule
Apart from these new IPOS, the listing of many companies is also going to be in the stock market this week. On July 7, there will be a listing of Pushpa Jewellers, Silky Overseas, Vandan Foods, Cedaar Textile and Marc Loire. After this, the listing of Crizac IPO will be held on July 9, the listing of Cryogenic OGS and White Force on July 10 and the listing of Meta Infotech on July 11.
Caution before investment is necessary
Before investing in IPO, the financial position of the company, the possibility of the sector and the movement of the gray market must be understood. GMP is just an indication, but the final listing price depends on the move of the market. Therefore, it would not be right to apply in any issue without research. If you see the possibilities in these companies, then this week can prove to be a great opportunity for you to earn.
disclaimer: (Here information provided is being provided here only. It is necessary to tell here that the investment market in the market is subject to risks. Always consult the expert before investing as an investor. Never is advised to invest money from Abplive.com."text-align: justify;"> Read also: India’s UPI is rocked in the world, now in this Caribbean country too, you will be able to make online payment
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