look news india
New Delhi, 12 October (Hindustan Reporter). The next trading week starting from Monday is once again going to be a very active week for the primary market. However, IPOs of only 3 companies are coming this week. Similarly, on the listing front, only 3 companies are going to enter the stock market this week. Despite this, only one company Hyundai Motor India is going to create a stir in the primary market by launching the biggest IPO till date.
Hyundai Motor India is launching its IPO on the second trading day of this week i.e. 15th October. This IPO is the biggest IPO in the country so far. Earlier in May 2022, the country's largest life insurance company Life Insurance Corporation (LIC) had launched an IPO of Rs 21,008.48 crore, but now after two and a half years, Hyundai Motor India is going to break LIC's record by launching an IPO of Rs 27,870.16 crore. .
Hyundai Motor India's IPO will be open for subscription from October 15 to 17. Anchor investors will be able to bid for its shares worth Rs 8,315 crore till October 14. The price band of Rs 1,865 to Rs 1,960 per share has been fixed for this IPO. This IPO is being launched completely under Offer for Sale (OFS). Through this IPO, its parent company Hyundai Motor is going to sell 14.2 crore shares. Of these, 7,78,400 shares are reserved for Hyundai Motor India employees. Hyundai employees will be given a discount of Rs 186 per share. Hyundai Motor India shares will be listed on the National Stock Exchange and Bombay Stock Exchange on October 22.
This week, the Rs 49.91 crore IPO of Ahmedabad-based engineering consultancy service provider Lakshya Powertech will open for subscription between October 16 and 18. The company has fixed the price band of Rs 171 to Rs 180 per share under the IPO. Investors will be able to bid for this in lot size of 800. It has also been announced to give a discount of Rs 15 per share to the employees of the company. Shares of Lakshya Powertech will be listed on the SME platform of the National Stock Exchange on October 23.
Similarly, the IPO of Rs 75.4 crore of pickle manufacturing company Fresher Agro Exports will open on October 17 and close on October 21. Under the IPO, the price band of Rs 110 to 116 per share has been fixed and investors will be able to bid in lots of 1,200 shares. Under this issue it has been said that only new shares will be issued. The company's shares will be listed on the SME platform of the National Stock Exchange on October 24.
Apart from these three IPOs opening this week, investors can also bid for the Rs 22.5 crore IPO of Pranik Logistics, which opened for subscription on October 10 last week, till Monday October 14. Under this IPO, the price band of Rs 73 to 77 per share has been fixed and investors can bid in lots of 1,600 shares. The company's shares will be listed on the SME platform of the National Stock Exchange on October 17.
If we talk about the stock market listing next week, then on October 15, shares of Garuda Construction and Engineering will be listed on Bombay Stock Exchange and National Stock Exchange. Under this IPO of size Rs 264 crore, shares have been issued to investors at a price of Rs 95. On October 15, shares of Shiv Texchem will be listed on the SME platform of Bombay Stock Exchange, while on October 17, shares of Pranik Logistics will be listed on the SME platform of National Stock Exchange.