Aeroflex IPO versus Vishnu Prakash IPO: Which one should you choose?
macroeconomic events influencing the secondary markets, the primary market seems to be still witnessing some excellent listings, subscription status in both main board and SME IPOs. Investors and traders are paying close attention to the primary markets as well apart global events such as Jackson Hole Economic Symposium on Friday, which would provide clues about the future path of interest rates. There are two mainboard issues this week, Vishnu Prakash IPO, which will open for subscription today, and the Aeroflex Industries IPO, which started for subscription on Tuesday, August 22.
Considering both the companies are from different industries where one is an Engineering, procurement, and construction (EPC) infrastructure company, while the other manufacturers stainless eco-friendly metallic flexible steel hoses, analysts are overall bullish on both but have there own top picks. Lets take a look at key details of Vishnu Prakash IPO and Aeroflex Industries IPO; Vishnu Prakash R Punglia Limited IPO opens for subscription on today (Thursday, August 24) and will close on Monday, 28 August. Vishnu Prakash Punglia IPO price band has been fixed in the range between ₹94 to ₹99 per equity share of face value of ₹10 each.
The ₹308.88 crore worth Vishnu Prakash IPO is entirely a fresh issue of up to 3.12 crore equity shares of face value of ₹10 each. The offer also includes a reservation for a subscription by eligible employees. The company is offering an employee discount of ₹9 per share.
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