IPOs This Week: IPO market of the country Lok Sabha Elections Despite the uncertain environment of 2018, the market has been full of enthusiasm. Mainboard and SME IPOs have been coming one after the other every week. The next week is of election results. Despite this, many companies are bringing their IPOs without any doubt. Next week 3 new IPOs are going to hit the market. Along with this, 6 IPOs are also going to be listed. Let’s take a look at these issues.
IPOs will come in large numbers after the election results
Experts have expressed hope that after the election results, many IPOs are going to enter the market. This wave of IPOs will come due to increase in domestic capital, improvement in governance and government policies after the elections. IPOs of Kronox Lab Sciences, Magenta Lifecare and Sattrix Information Security are going to come in the market next week. Kronox Lab’s IPO will open in the mainboard segment. The size of this IPO is Rs 130 crore. Issues of Sattrix Information and Magenta Lifecare are going to open in the SME segment.
Chronox Lab Sciences
The IPO of this company will be open from June 3 to June 5. The company has fixed the price band for the IPO at Rs 129 to Rs 136. Investors can bid for 110 shares in one lot. This is an offer for sale issue. In this, the company will bring 95.7 lakh shares in the market. Through this, the company is planning to raise about Rs 130 crore. 50 percent of this offer will be available for QIP, 15 percent for non-institutional investors and 35 percent for retail investors.
Cetrix Information Security
In the SME segment, the IPO of Satrix Information will be open from June 5 to June 7. The share price in the IPO has been kept at Rs 121. 18 lakh fresh equity shares will be issued in the issue. Satrix Information works in the cyber security sector. ISK Advisors is the book running lead manager of this IPO. Bigshare Services has been made its registrar.
Magenta Lifecare
The company’s IPO is worth Rs 7 crore. 20 lakh fresh equity shares will be issued in it. It will be open for subscription from June 5 to June 7. It will be listed on BSE SME. The company has fixed the IPO price at Rs 35 per share. You will have to buy at least 4000 shares, for which you will have to invest Rs 1.40 lakh.
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