IPO Subscription – Three IPO’s Are Opening On The Same Day, Know Full Details Before Investing – For the last two months, the method of launching IPO had stopped. But now again three IPOs are being launched one after the opposite . in sight of the strength within the stock exchange , many companies are preparing to launch their IPO. In such a situation, if you’re getting to invest in IPO, then this is often a far better opportunity for you.
IPO Subscription – Three IPO’s Are Opening On The Same Day, Know Full Details Before Investing
Shyam Metalics and Energy IPO
The IPO of steel manufacturing company Shyam Metallics and Energy will open on Flag Day and shut on June 16. the corporate plans to boost Rs 909 crore through IPO. at the present , Shyam Metaliks and associate company SSPL have quite 850 crore debt.
Shyam Metallics & Energy has fixed the worth band for the IPO at Rs 303 to Rs 306 per share. This IPO will have a fresh issue of Rs 657 crore and offer purchasable of Rs 252 crore. Under which the promoters of the corporate will sell their stake. The lot size of this IPO is 45 shares.
Shyam Metalics currently has 3 steel manufacturing units at Mangalpur in West Bengal along side Sambhalpur and Jamuria in Odisha. the corporate produces quite 57 lakh tonnes of steel annually.
Sona Comstar IPO
The IPO of the country’s largest auto parts maker Sona Comstar also will be launched on Flag Day . the corporate has set a target of raising Rs 5500 crore through this IPO. this is often the most important IPO of any auto parts company within the country.
The IPO of Sona Comstar, an investment trust of yank investment company Blackstone, are going to be open for subscription till June 16. For this IPO, the corporate will issue fresh shares of Rs 300 crore. the corporate has fixed the difficulty price of the share within the band of Rs 285-291.
Navoday Enterprises IPO
Apart from this, the SME IPO of selling and Event Management Company Navodaya Enterprises will open on 14th June and can close on 17th June. Through this, the corporate has set a target of raising Rs 46.08 crore. For this IPO, the corporate has fixed the difficulty price of Rs 20 per share. In this, shares worth Rs 34 lakh are reserved for market makers and shares worth Rs 43.68 crore are going to be issued for subscription.