2 in the market this week IPO (Initial Public Offering) It is about to knock. This is the first IPO to come in the new financial year. Their total size is Rs. 3,000 crores. Whereas another special thing is that this week the country’s biggest IPO i.e. LIC IPO A new update has come regarding the launch date. And, this IPO can be filed till May 9. The government will sell its 3.5 per cent stake in the initial public offering (IPO) of Life Insurance Corporation of India (LIC) next month.
Campus IPO to bring Rs 1,400 crore issue
Campus Activewear’s IPO is set to open for the first time this week. The footwear and active sportswear maker opened its IPO on April 26. Its size is Rs. 1,400 crores. The company has raised Rs. 5 per share with a face value of Rs. 278-292 issue price. This will be an Outright Offer of Sale (OFS) IPO. The promoters and existing shareholders of the company will sell 4.79 crore shares. The IPO will close on April 28. The company’s shares will be listed on May 9.
Rainbow Medicare IPO Opens on 27th
Another IPO for Rainbow Children’s Medicare is coming up this week. It will open on 27th April and close on 29th April. It is to be listed on the stock exchange on May 10. Rupee. For this IPO of Rs 1,595.59 crore, the company has fixed a price band of Rs. 516-542. In this IPO, the company invested Rs. 280 crore new shares will be issued. Rainbow Children’s Medicare has been running a chain of multispecialty hospitals for children since 1999. The company currently has 14 hospitals and 3 city clinics in 6 cities across the country.
LIC’s IPO announcement date
This week is very important for LIC’s IPO. This is because SEBI had given the company time till May 12 to file an IPO. In such a situation, if the company wanted to bring its IPO, then it had to fix the rest of the dates from its launch date this week. The government wanted to bring LIC’s IPO before the financial year ending March 31, but the government had to postpone it due to the Russo-Ukraine war. Finally the date has been announced. India’s largest insurance company LIC is going to launch its IPO on May 4. And, this IPO can be filed till May 9.