IPO This Week: This week you are going to get many opportunities to invest money in the primary market. One mainboard and three SME IPOs are going to be launched this week. The IPO market has started slowly in FY 2025, but experts are quite positive about the upcoming IPOs. JNK India’s mainboard IPO is coming this week. The company will raise around Rs 649 crore from this IPO. Apart from this, SME IPOs of Shivam Chemicals, Varaya Creations and Mforce Autotech are going to be launched this week.
JNK India IPO
JNK India IPO will open for subscription on April 23, 2024 and close on April 25, 2024. This is an IPO of ₹649.47 crore and it is coming with a fresh issue of 0.76 crore shares worth ₹300 crore and an offer for sale of 0.84 crore shares worth ₹349.47 crore. The price band in this IPO has been fixed at ₹395 to ₹415 per share. IFL Securities Limited and ICICI Securities Limited are the book running lead managers of JNK India IPO. While Link Intime India Private Limited is the registrar for this IPO.
Varyaa Creations IPO
The IPO of Varaya Creations will open for subscription on April 22, 2024 and close on April 25, 2024. This SME IPO is a fixed price issue of ₹20.10 crore and is a fresh issue of a total of 13.4 lakh shares. The price band of the SME IPO is ₹150 per share. Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of Varaya Creations IPO. While BigShare Services Pvt Ltd is the registrar for this issue. The market maker for Varaya Creations IPO is SVCM Securities.
Emmforce Autotech IPO
Amforce Autotech IPO will open for subscription on April 23, 2024 and close on April 25, 2024. This SME IPO is an issue of ₹53.90 crore and is a completely fresh issue of 55 lakh shares. The price band of Amforce Autotech IPO has been fixed at ₹93 to ₹98 per share. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Amforce Autotech IPO. While Link Intime India Private Limited is the registrar for the issue. The market maker for Amforce Autotech IPO is Spread X Securities. In the gray market, the company’s shares were seen trading at a premium of Rs 60 compared to the issue price of Rs 98. In this way, this share can be listed on the stock exchanges at Rs 158 with a premium of 61.22 percent.
Shivam Chemicals IPO
Shivam Chemicals IPO will open for subscription on April 23, 2024 and close on April 25, 2024. This SME IPO is a fixed price issue of ₹20.18 crore and is a fresh issue of a total of 45.87 lakh shares. The price of Shivam Chemicals IPO is ₹44 per share. Aryaman Financial Services Ltd. is the book running lead manager of Shivam Chemicals IPO. While Camo Corporate Services Limited is the registrar to the issue. The market maker category for Shivam Chemicals IPO is shares.
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