Business News Desk – You must have heard about KRN Heat Exchanger IPO, which doubled investors’ money in a single day. Now two new IPOs are coming. That means you have a great chance to get good returns again. Yes, two new IPOs are coming on October 8. By investing money in these you can get good returns. The first is the IPO of Garuda Construction and Engineering Limited and the second is the IPO of Shiv Texchem Limited Company. Let us know about them
Garuda Construction and Engineering Limited IPO
The initial public offering (IPO) of Garuda Construction and Engineering will open for bidding on Tuesday, October 8. The company will price its shares between Rs 92-95 per share, where investors can apply for a minimum of 157 equity shares. You can subscribe till Thursday, October 10 and the date of listing of its shares is October 15.
Garuda Construction & Engineering Limited IPO – GMP
Shares of Garuda Construction & Engineering Ltd were trading at 0% premium to gray market value as of October 3, 2024. The shares were trading at ₹95 in the gray market.
shiv texchem ipo
Shiv Texchem, an importer and distributor of hydrocarbon-based chemicals, is bringing its initial public offering (IPO) on October 8. The price band of the IPO is going to be Rs 158-166 per share. The company aims to raise Rs 101.35 crore through IPO. The amount will come entirely from the newly issued 61.05 lakh equity shares. Let us tell you that Shiv Texchem will be the seventh company to raise more than Rs 100 crore in the SME (small capitalization) segment this year.
Shiv Texchem IPO – GMP
The GMP of Shiv Texchem IPO is currently ₹40.
Will these IPOs double the money like KRN Heat Exchanger?
The GMP of shares of both the companies is not looking that good in the gray market right now. However, GMP is expected to rise on Monday. For those who don’t know, let us tell you that IPO GMP helps in estimating what the listing price of the share could be.
