look news india
IPO Next Week: After the huge fall in the Indian stock market last week, the mood in the primary market has turned dull. Only 2 new IPOs are going to be launched next week. Whereas last month in September, 12 main board IPOs and 40 SME IPOs were launched. We will discuss which IPOs will come next week.
The mainboard IPO of Garuda Construction and Engineering Company will open for subscription on October 8 and will close on October 10. This is an IPO of Rs 264.10 crore. There will be 157 shares in one lot of this IPO. The allotment of shares in the IPO is expected to be finalized on October 10. At the same time, listing of shares can happen on October 15. The price band in the IPO is Rs 92-95 per share.
Shiv Techchem is coming with its SME IPO. The IPO will open on October 8 and close on October 10. The allotment of shares can be finalized on October 11. At the same time, the company's shares can be listed on October 15. The company is bringing an IPO of Rs 101.35 crore. One lot in the IPO will be of 800 shares.
In the gray market, the company's shares are seen trading at a premium of Rs 40 against the issue price of Rs 166. In this way, this share can be listed in the stock exchange at Rs 206 with a premium of 24.10 percent.