Upcoming IPOs next week: From Swashthik Plascon to Graphisads Limited — 6 new public issues to hit Dalal Street
₹3,042.51-crore offering witnessed a remarkable subscription rate of 69.43 times. Bids were submitted for 312.65 crore equity shares, valued at ₹1.56 lakh crore at the upper price band, surpassing the issue size of 4.5 crore. Meanwhile, other issues also received decent responses from investors.
‘’The huge appetite for equities stems from the confidence that investors have in the India growth story and the large universe of fast-growing, well-managed companies, which expected to deliver good profits,'' said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. - a mid-market investment bank.
The coming week is also going to witness the launch of six new IPOs in the mainboard segment. Here’s a full list – Swashthik Plascon IPO bidding opened for subscription on November 24, 2023 and will close on November 29, 2023. It is a book-built issue of ₹40.76 crores and is entirely a fresh issue of 47.39 lakh shares.
Swashthik Plascon IPO price band is set at ₹80 to ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600.
The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200. Shreni Shares Limited is the book running lead manager of the Swashthik Plascon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Swashthik Plascon IPO is Nikunj Stock Brokers.
AMIC Forging IPO is all set to open for subscription on November 29, 2023 and will close on December 1, 2023. It is a book-built issue of ₹34.80 crores and is entirely a fresh issue of 27.62 lakh shares. AMIC Forging IPO price band is set at ₹121 to ₹126 per share.
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