IPO Rush: Groww and Three SME Issues To Open For Bidding This Week
The Indian stock market is expected to witness a surge in initial public offerings (IPOs) this week, with Groww‘s parent company, Billionbrains Garage Ventures Ltd., and three SME issues opening for bidding. In this article, we will delve into the details of these IPOs, their potential impact on the market, and what investors can expect.
Groww’s IPO: A Game-Changer in the Fintech Space
Billionbrains Garage Ventures Ltd., the parent company of Groww, is set to offer a fresh issue of shares worth Rs 1,060 crore, as well as an offer for sale of Rs 55.72 crore. The company, backed by Microsoft Chief Executive Officer Satya Nadella, has been a major player in the fintech space, providing investment and financial services to its users.
The IPO is priced in the range of Rs 95-100 apiece, with a lot size of 150 shares. The issue type is a book-building IPO, and the tentative allotment date is November 10, with a tentative listing on November 12. The listing will be on both the BSE and National Stock Exchange.
Other Mainboard Listings: Orkla India Ltd. and Studds Accessories Ltd.
Apart from the Groww IPO, there are two mainboard listings scheduled for this week: Orkla India Ltd. and Studds Accessories Ltd. These listings are expected to generate significant interest among investors, and their performance will be closely watched.
LensKart Solutions IPO: A New Player in the Eyewear Market
The LensKart Solutions IPO, which opened for subscription on Friday, will conclude its subscription on November 4. The company is a leading player in the eyewear market, and its IPO is expected to generate significant interest among investors.
SME Issues: Sreeji Global FMCG Ltd., Finbud Financial Services Ltd., and Curis Lifesciences Ltd.
In the small-medium enterprise segment, three IPOs will open for subscription this week: Sreeji Global FMCG Ltd., Finbud Financial Services Ltd., and Curis Lifesciences Ltd. These companies operate in diverse sectors, including FMCG, financial services, and lifesciences, and their IPOs are expected to generate interest among investors.
Sreeji Global FMCG Ltd.’s IPO is opening for subscription on November 4 and will close on November 7. The total issue is worth Rs 85 crore, with a price band of Rs 120-125 apiece. The tentative allotment date is November 10, and the tentative listing is on November 12.
Finbud Financial Services Ltd.’s IPO will open on November 6 and close on November 10. The total issue is worth Rs 71.68 crore, with a price band of Rs 140-142 apiece. The tentative allotment date is November 11, and the tentative listing is on November 13.
Curis Lifesciences Ltd.’s IPO will open for subscription on November 7 and conclude on November 11. The total worth of the offering is Rs 27.52 crore, with a price band of Rs 120-128 apiece. The tentative listing is on November 14, and the tentative allotment is on November 12.
Conclusion
In conclusion, this week is expected to be a busy one for the Indian stock market, with several IPOs and listings scheduled to take place. Investors should keep a close eye on these developments and do their own research before making any investment decisions. For more information on the Indian stock market and IPO news, please visit our website.
