If you want to join the stock market through IPO, then the coming week will be special for you. This week 3 new IPOs will open and 8 IPOs will be listed. Of the three new IPOs that are opening, one is from the main board and the other two are from the SME segment. This is the last month of the year. This is the reason why investors are also investing in the market thoughtfully. After the decline of the last few weeks, now there are chances of improvement in the Indian stock market. Let us now tell you which 3 new IPOs are opening next week and which 8 new companies will be listed.
Which new IPOs are opening
Among the three new IPOs opening this week, one is Property Share REIT. The second is Nisus Finance Services and the third is Emerald Tyre Manufacturers Limited.
Property Shares REIT
This is a main board IPO with a total issue size of Rs 352.91 crore. The company will issue completely fresh shares under this issue and no shares will come under Offer for Sale (OFS). This IPO will open for subscription between December 2 and December 4, and its possible listing may happen on December 9. Its price band has been fixed at Rs 10 lakh to Rs 10.50 lakh per unit. Lot size information is not available at present.
Nisus Finance Services
This is an IPO for the SME segment, with an issue size of Rs 114.24 crore. Under this issue, the company will issue 56.46 lakh fresh shares worth Rs 101.62 crore and 7.01 lakh shares worth Rs 12.61 crore will be issued through offer for sale. This IPO will be open from December 4 to December 6 and its possible listing will be on December 11. Its price band has been fixed between Rs 170 and Rs 180 per share. There will be 800 shares in one lot, for which investors will have to invest a minimum of Rs 1.44 lakh.
Emerald Tyre Manufacturers Limited
This is also an IPO of SME Board, whose issue size is Rs 49.26 crore. The company will issue 49.86 lakh fresh shares worth Rs 47.37 crore and 1.99 lakh shares worth Rs 1.89 crore under OFS. This IPO will be open from December 5 to December 9 and its possible listing will be on December 12. Its price band has been fixed at Rs 90 to Rs 95 per share. There will be 1200 shares in one lot, for which a minimum investment of Rs 1.14 lakh will be required.
8 IPOs to be listed next week
A total of 8 IPOs are expected to be listed in the stock market next week. These companies include Rajesh Power Services, C2C Advanced Systems, Rajputana Biodiesel, Abha Power and Steel, Apex Ecotech, Agarwal Toughened Glass India, Suraksha Diagnostics, and Ganesh Infraworld.
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