The Indian stock market is on the boil with investors always keenly waiting for new IPOs hitting the market. Next week is expected to be fairly active with two major IPOs and four smaller ones preparing to start accepting bids and thus new opportunities for investments.
Mainboard IPOs:
1. Interarch Building Products IPO (August 19-21):
Interarch Building Products is a company involved in the production of pre-engineered steel building. Interarch Building IPO will open for subscription on 19th of August and close on August 21. The firm is offering shares worth ₹600.29 crore, split between new shares and shares being sold by existing owners. The price range varies between ₹850 and ₹900 per share; each lot consists, of at least, 16 shares, and the cost is ₹ 14,400 for the lot. The shares are expected to be floated on the stock exchange on August 26.
2. Orient Technologies Limited IPO (August 21-23):
Orient Technologies, an IT solutions provider, is offering shares worth ₹214.76 crore starting August 21. The price range is between ₹195 and ₹206 per share, and an individual can invest at least ₹14,832 by purchasing 72 shares. Watch out for the shares to be floated on the 28th of August. Orient Technologies opens for subscription on August 21 and close on 23rd August.
SME IPOs:
Brace Port Logistics Limited IPO (August 19-21):
Brace Port Logistics, a logistics company, is inviting bids for the firm’s shares, at ₹24. 41 crore. The price per share is between ₹76 and ₹80; the minimum number of shares you have to buy is 1,600, which costs ₹1,28,000. Brace Port Logistics IPO will open for subscription on August 21 and close on 21st August.
Forcas Studio Limited IPO (August 19-21):
Forcas Studio IPO will open for subscription on August 19 and end on 21st August. Forcas Studio, the media and creative firm is selling its shares at ₹ 37. 44 crore. The share values range between ₹ 77/- and ₹ 80/- per share, and the minimum quantity of shares that can be purchased is 1,600, the total amount being ₹ 1,28,000/-. The listing is expected to occur on August 26.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The stock market in India is currently a talk of town as investors are really excited for new IPOs. Know more about major and smaller IPOs, all set to put their first step in the market next week. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
