Upcoming IPOs: If you are planning to invest in Initial Public Offering (IPO), then next week you have a great opportunity. Actually, IPOs of three companies are going to come in the coming week. These companies are – Prudent Corporate Advisory Services, Delhivery and Venus Pipes & Tubes Ltd. The IPOs of these three companies are going to hit the market next week for investment.
Know when which issue will open?
The public issue of Prudent Corporate Advisory Services will be the first IPO to open next week. The Prudent Corporate IPO will open on May 10, 2022, while the public offering of Delhivery and Venus Pipes & Tubes will open on May 11, 2022. The total size of these IPOs will be Rs 6,000 crore. Prudent Corporate IPO size is ₹538.61 crores. The issue size of Venus Pipes & Tubes IPO is ₹165.42 crore, while the Delhivery IPO size will be ₹5,235 crore.
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1. Delhivery IPO details-
The IPO will be worth ₹5,235 crore and will open for investment on May 11, 2022. Investors will be able to bid in this issue till May 13, 2022. The issue price band of the Logistics Services Company has been fixed at ₹462 to ₹487 per equity share. For this IPO, an investor will be able to apply for a minimum of 13 lots and a lot will consist of 30 shares of the company. The tentative date for the announcement of the share allotment is May 19, 2022, while it will be listed on both NSE and BSE. The tentative date of share listing is 24 May 2022. Link Intime India Private Limited has been appointed as the Official Registrar of Public Issues.
2. Venus Pipes & Tubes IPO details-
The IPO of Venus Pipes & Tubes will be worth Rs 165.42 crore. You will be able to bid in this issue from May 11 to May 13, 2022. Venus Pipes & Tubes Limited has fixed the issue price band at Rs 310 to Rs 326 per share. In this issue, an investor can apply for a minimum of one lot and a maximum of 13 lots and a lot will consist of 46 Venus Pipes and Tubes shares. The tentative date for allotment of shares is May 19, 2022, while its listing is proposed on both NSE and BSE. The tentative date of share listing is 24 May 2022. KFin Technologies Limited has been appointed as the Official Registrar of this Public Issue.
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3. Prudent Corporate IPO details-
The Prudent Corporate IPO will be worth ₹538.61 crore. The issue will open for investment on 10 May 2022 and investors will be able to bid in it till 12 May 2022. The price band of this IPO has been fixed at ₹595 to ₹630 per share. A retail investor can bid for a minimum of one lot and a maximum of 13 lots in this IPO. One lot will consist of 23 shares of the company. The tentative date for allotment of shares is May 18, 2022, while its listing is proposed on both NSE and BSE. The tentative date of share listing is 23 May 2022. Link Intime India Private Limited has been appointed as the Official Registrar of Public Issues.