IPOs to be launched next week
IPO Next Week: After the huge decline in the Indian stock market in the last two sessions, the mood of the primary market has also faded. Only 2 new IPOs are going to be launched next week. At the same time, there was a wave of IPOs in the last month of September. 12 mainboard and 40 SME IPOs were launched in September. Due to the recent fall, Nifty-50 has fallen by about 5 percent from its record high. The market is falling due to the Middle East crisis, rising crude oil prices and concerns over overvaluation. Let us know which IPOs are going to be launched next week.
Garuda Construction and Engineering IPO
The mainboard IPO of Garuda Construction and Engineering Company will open for subscription on October 8 and will close on October 10. This is an IPO of Rs 264.10 crore. There will be 157 shares in one lot of this IPO. Share allotment in the IPO is expected to be finalized on October 10. At the same time, listing of shares can happen on October 15. The price band in the IPO is Rs 92-95 per share.
Shiv Texchem BSE SME IPO
Shiv Texchem is coming with its SME IPO. This IPO will open on 8 October and close on 10 October. The allotment of shares may be finalized on October 11. At the same time, the company’s shares may be listed on October 15. The company is bringing an IPO of Rs 101.35 crore. One lot in the IPO will be of 800 shares. In the gray market, the company’s shares are seen trading at a premium of Rs 40 compared to the issue price of Rs 166. In this way, this share can be listed on the stock exchanges at Rs 206 with a premium of 24.10 percent.
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