In the present time, more and more people are choosing stocks as a way to invest their money. Many people have been able to make money by investing in the stock market. However, it is important to do proper research before investing money, as it is a very volatile market. Now, the coming week will remain busy for the stock market with six new issues to hit Dalal Street.
Among them, there is one mainboard and five small-medium enterprise initial public offerings (IPOs). So, let’s look at the upcoming IPOs this week:
Nova Agritech: The only mainboard IPO that will be opening in the upcoming week is Nova Agritech. The IPO will be accessible for subscriptions on January 23 and end on January 25. The price band for the offering has been set at Rs 39–41 per share. The initial public offering would issue new equity shares worth Rs 112 crore. Apart from that, 77.5 lakh shares would be sold via OFS.
Brisk Technovision: The Brisk Technovision IPO will begin on January 23. Investors can invest in it until January 25. The price of one share in the IPO has been set at Rs. 156. Retail investors will receive 50 per cent of the shares. It has been found that the size of this IPO is Rs 12.48 crore.
Phonebox Retail Limited: Phonebox Retail Limited’s initial public offering (IPO) will begin on January 24 and end on January 29. The price band for this IPO has been set at Rs 66–70. In the grey market, unlisted shares of this IPO are selling for Rs 50 premium. The business plans to raise Rs 20.37 crore through this IPO.
Delaplex: The Delaplex IPO will also begin on January 24. Investors can also bid for this Rs 46 crore IPO until January 29. One lot of stock in the corporation has 600 shares. The IPO pricing band is Rs. 186–192. The promoters’ stake in the firm is 100 per cent, which will be reduced to 73.66 per cent following the IPO.
Megatherm Induction: Megatherm’s release date is January 25. The business expects to raise Rs 53.91 crore through this IPO. The company has set the pricing range for its IPO at Rs 100–108 per share. Megatherm Induction’s IPO will close on January 30. Megatherm Induction is a division of Megatherm Electronics.
Harshdeep Hortico Limited: Harshdeep Hortico Limited’s IPO will likewise begin on January 25 and end on January 30. The IPO is valued at ₹19.09 crore. The IPO price band is Rs 42 to 45 per share. Each IPO lot has 3000 shares.
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