3 IPO to Launch :If you want to earn by investing money in the IPO market, then be prepared by keeping the money in your bank account. After some wait this year, the month of April is once again going to be action packed in terms of IPO market. This month, 3 IPOs are going to be launched back to back between 6th and 8th April. This will be the third, fourth and fifth IPO in the new financial year. The target of the companies is to raise Rs 5842 crore through these 3 IPOs. The companies whose IPOs are about to open include Indegene, TBO TEK and Aadhar Housing Finance.
Indegene IPO
The IPO of Indgene, a company that provides digital-based commercialization services for the life sciences industry including biopharmaceutical, emerging biotech and medical device companies, is opening on Monday, May 6. Subscription can be done till 8th May. The company has fixed the price band for the IPO at Rs 430 to Rs 452. The size of Indengine’s IPO is around Rs 1842 crore. The company plans to raise Rs 760 crore through fresh issue. Whereas the shareholders of the company will sell shares worth about Rs 1081.75 crore through OFS.
Retail investors can invest Rs 14,916 for at least 1 lot i.e. 33 shares in this IPO. Whereas for a maximum of 13 lots, you can invest Rs 193,908. The proceeds from the IPO will be used for loan repayment. While some funds will be used for capital expenditure and some for general corporate purposes and inorganic growth.
TBO TEK IPO
The IPO of travel distribution company TBO TEK Limited (TBO TEK) is opening next week on 8th May, in which subscription can be done till 10th May. The size of the IPO is Rs 1000 crore. Fresh issues worth up to Rs 400 crore will be issued in the company’s IPO. In this, 1.25 crore shares will be sold through OFS by the existing shareholders and promoters. TBO Tech is a leading travel distribution platform in the global travel and tourism industry. It was serving buyers and suppliers in more than 100 countries by June 30, 2023. It will open for anchor investors on October 7.
Aadhaar Housing Finance IPO
The IPO of Blackstone-backed company Aadhar Housing Finance is opening on May 8. This can be subscribed till 10th May. The size of the IPO is Rs 3000 crore. The company has fixed the price band for this at Rs 300 to Rs 315 per share. Fresh issues worth Rs 1000 crore will be issued in this IPO. Whereas shares worth Rs 2000 crore will be sold through OFS. The valuation at the upper end of the price band is more than Rs 13,000 crore.
The company will use the funds raised through IPO for loans and general corporate needs. The housing finance company is focusing on the low-income housing segment, whose ticket size is less than Rs 15 lakh. According to the analysis done with peer companies in September 2023, the company has the highest assets under management and net worth.
