Upcoming IPOs: Like this week, next week too there will not be much movement in the IPO market. However, investors will keep an eye on the IPO of Hyundai Motor India. Apart from the mainboard IPO of Hyundai Motor, 2 SMI IPOs can also open during the week starting from Monday 14th October. There is a plan to raise Rs 27,995 crore through the upcoming mainboard and SMI public offering. In which the total size of both the issues of SME segment is Rs 125 crore. Let us know one by one about the IPOs coming next week.
mainboard ipo
Hyundai Motor (Hyundai Motor India IPO)
Next week Hyundai Motor IPO (Hyundai Motor India IPO) is opening on 15th October. The size of the IPO is Rs 27,870.16 crore. This issue opening for investors will be the biggest till date. In this public offering, 14.22 crore shares worth Rs 27,870.16 crore will be sold through OFS i.e. Offer for Sale. Hyundai Motor has fixed the price band for the upcoming IPO at Rs 1865 to Rs 1960 per share.
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Investors will be able to bid for 7 shares in one lot. The minimum investment amount for retail investors is Rs 13720. There is a reserve of 778,400 shares for employees in this issue, which will be offered at a discount of Rs 186 from the issue price. This means that the employees of the company will get an opportunity to buy shares of their company, and they will be able to buy shares at a price lower than the issue price. The company’s IPO will be open for subscription between October 15 and 17. Allotment of shares of the company will take place on 18th October. The listing of mainboard IPO will take place on BSE, NSE on 22 October.
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SME segment
Lakshya Powertech IPO
The IPO of Lakshya Powertech company in the SME segment is going to open on 16th October. The size of the IPO is Rs 50 crore. In this public offering, 27.72 lakh fresh issue shares worth Rs 49.91 crore will be issued. The IPO will close on October 18. The company has fixed the IPO price between Rs 171 to Rs 180 per equity share. The allotment of shares will be final on 21st October. Lakshya Powertech is an engineering consultancy firm, specializing in mechanical and electrical services. The company’s IPO also includes employee reservation of 72,000 shares, which will be available at a discount of Rs 15 from the issue price.
Freshara Agro Exports IPO
Next week, the IPO of another SME company will open on October 17. The company wants to raise Rs 75.39 crore by selling 6.5 million new shares. The company has fixed the price band for the IPO at Rs 110 to Rs 116 per equity share. This IPO will be open for investors from 17 to 21 October. The allotment of shares may be finalized on October 22. Freshara Agro Exports procures, processes and exports preserved gherkins and other pickled ingredients from India to various countries across the world.
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There are more IPOs coming at the end of the year, one of which is the IPO of NTPC Green Energy, a subsidiary of NTPC, which is expected to come in November. This IPO will raise around Rs 10,000 crore, but the dates have not been announced yet.