Upcoming ipo this week: There are a total of three IPOs next week: Hyundai Motor, Lakshya Powertech, and Freshara Agro Exports.
The mother of all IPOs, Hyundai Motor India IPO opens next week. It has been one of the most talked about public issues in recent times. There will be a total of three IPOs, one in the mainboard and two in the SME category. The SME segment will raise a total of Rs 125 crore.
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Mainboard IPO
Hyundai Motor India
The most awaited Hyundai Motor India IPO will be launched on October 15. It will be the largest issue so far and the IPO will close on October 17. The company aims to raise Rs 27,870.16 crore by selling 14.22 crore shares of promoters. The IPO price band is between Rs 1865 – 1960 per equity share. The company’s share allotment will be finalised on October 18. The issue also includes an employee reservation of 778,400 shares, which will be available at a price discount of Rs 186 to the issue price. It is going to be listed on exchanges on October 22.
SME IPOs
Lakshya Powertech
The SME company will open its IPO on October 16 to raise Rs 50 crore. The IPO is entirely a sale of fresh shares. The IPO will close on October 18. The company kept the IPO price band in a range of Rs 171 to Rs 180 per equity share. The allotment of shares will be finalised on October 21. Lakshya Powertech is an engineering consultancy firm specializing in mechanical and electrical services. The IPO of the company also includes an employee reservation of 72,000 shares, available at a discount of Rs 15 to the issue price.
Freshara Agro Exports
The SME company will launch the IPO on October 17. The company wants to raise a sum of Rs 75.39 crore, by selling 6.5 million fresh shares. The company IPO price band ranges from Rs 10 to Rs 116 per equity share. The IPO will close on October 21. The allotment of shares is likely to be finalised on October 22. Freshara Agro Exports procures, processes, and exports preserved Gherkins and other pickled goods from India to various countries across the world.
Other IPOs later in the year
Later, in the year NTPC’s arm NTPC Green Energy IPO is likely in November. The IPO will raise around Rs 10,000 crore. The dates are yet to be announced.
