New Delhi: The domestic stock market is at a record level and there has been an outpouring in the primary market as well. The month of November is giving investors an opportunity to earn on the go. Next week, IPOs of two companies are hitting the market, whose total size is around Rs 1,100 crore. Next week, IPOs of Ahmedabad-based agrochemical company Dharmaj Crop Guard and Uniparts India are opening for subscription. The IPO of Dharmaj Crop Guard will open on November 28 and close on November 30. The IPO of Uniparts India, a provider of engineering systems and solutions, will open on November 30 and close on December 2. With this, the number of IPOs will reach 10 in November, whose total size is Rs 10,500 crore.
In both the issues, 50 per cent has been reserved for qualified institutional investors. 35 per cent is reserved for retail bidders and 15 per cent for non-institutional players. Dharmaj Crop Guard has fixed a price band of Rs 216-237 per share for its Rs 251 crore IPO. Fresh equity shares worth Rs 216 crore will be issued by the company. Along with this, the promoters will sell 14.83 lakh equity shares under Offer for Sale (OFS). According to experts, the company’s stock is trading at Rs 60 per premium (GMP) in the gray market. The company’s stock may be listed on BSE and NSE on December 8, 2022. It has a lot size of 60 equity shares.
New Delhi: The domestic stock market is at a record level and there has been an outpouring in the primary market as well. The month of November is giving investors an opportunity to earn on the go. Next week, IPOs of two companies are hitting the market, whose total size is around Rs 1,100 crore. Next week, IPOs of Ahmedabad-based agrochemical company Dharmaj Crop Guard and Uniparts India are opening for subscription. The IPO of Dharmaj Crop Guard will open on November 28 and close on November 30. The IPO of Uniparts India, a provider of engineering systems and solutions, will open on November 30 and close on December 2. With this, the number of IPOs will reach 10 in November, whose total size is Rs 10,500 crore.
In both the issues, 50 per cent has been reserved for qualified institutional investors. 35 per cent is reserved for retail bidders and 15 per cent for non-institutional players. Dharmaj Crop Guard has fixed a price band of Rs 216-237 per share for its Rs 251 crore IPO. Fresh equity shares worth Rs 216 crore will be issued by the company. Along with this, the promoters will sell 14.83 lakh equity shares under Offer for Sale (OFS). According to experts, the company’s stock is trading at Rs 60 per premium (GMP) in the gray market. The company’s stock may be listed on BSE and NSE on December 8, 2022. It has a lot size of 60 equity shares.
