Four Initial Public Offerings (IPOs) Are Set To Hit The Market
Four initial public offerings (IPOs) are set to hit the market. These four IPOs are hitting the market this week, better chance to make big profits.
Four initial public offerings (IPOs) are set to hit the market this week, with companies raising a total of over Rs 14,628 crore.
Among them, Devyani International, Krishna Diagnostics, Windlass Biotech, and Axaro Tiles started their initial share sale last week to raise Rs 3,614 crore.
So far in the current financial year, 16 companies have raised Rs 30,666 crore through IPOs, while 30 companies had raised Rs 31,277 crore in the entire 2020-21.
Market analysts believe that the IPO market will continue to remain positive throughout the financial year 2021-22.
Hemang Kapasi, head, Sanctum Wealth Management Equities, said 40 IPOs are in line for the remaining year to raise Rs 70,000 crore.
Nirma Group companies Nuvoco Vistas Corporation and Cartrade Tech will start their initial share sale on Monday.
Aptus Value Housing Finance and Chemplast Sanmar will be open for subscription on Tuesday.
Companies are raising money to pay off their debt, meet capital expenditure requirements, and for general corporate purposes.
In addition, the existing shareholders are selling their stake in the IPO. The IPO of cement maker Nuvoco Vistas includes an offer for a fresh issue of shares worth Rs 1,500 crore.
There is also a proposal for the sale of Rs 3,500 crore from promoter Niyogi Enterprises.
The company will open the process of applying for this today itself at a price of Rs 560-570 per share, it will end on August 11.
The proceeds from the new issue will be used for the repayment of certain debts taken by the company and for general corporate purposes.
Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 22.32 MMTPA. It has 11 cement plants consisting of five integrated units, five grinding units, and one mixing unit.
Flight fare reached 4 lakhs to go to the UK, DGCA sought information from companies after the complaint.
During the Corona period, the prices of flight tickets on various international routes have increased surprisingly.
British Airways’ one-way fare from Delhi to London for August 26 has reached Rs 3.95 lakh.
Following a complaint by IAS officer Sanjeev Gupta on Twitter, aviation regulator Directorate General of Civil Aviation (DGCA) has sought fair information from companies.
Sanjeev Gupta, secretary of the Inter-State Council Secretariat, Ministry of Home Affairs, tweeted on Saturday complaining. He told that British Airways is showing Rs 3.95 lakh for one side.
