If you are still thinking of investing in an IPO (IPO), then there is a good chance for you. This week, IPOs of 5 companies are coming to the market. These companies will raise about Rs 3,764 crore from the market. The initial public offering of Craftsman Automation and Laxmi Organics Industries will open on Monday (15 March) while the IPO of Kalyan Jewelers India will open on Tuesday. At the same time, the IPOs of Suryoday Small Finance Bank and Nazara Technologies will open for subscription on Wednesday. Shares of these companies will be listed on BSE and NSE.
In the stock market, investors get many opportunities to invest. This week, through IPO, investors are getting a great opportunity to earn. You can earn maximum profit quickly through IPO. But with any investment there is also its risk. It is risky to put money in an IPO as well. So invest thoughtfully in an IPO.
1. Craftsman Automation Limited
The Rs 824 crore IPO of the automaker Craftsman Automation will open from March 15. The company has fixed the price band of this IPO at Rs 1488-1490 per share. This IPO will be closed on 17 March. There will be a fresh issue of Rs 150 crore in this issue, while the current shareholders of the company will keep an offer for sale of 45,21,450 shares. The company has raised about Rs 247 crore from anchor investors before Craftsman Automation’s IPO. Craftsman Automation is a diversified engineering company and provides engineering solutions for a wide range of industries.
2. Lakshmi Organic Industries
Specialty chemical manufacturing company Laxmi Organics Industries has set a price range of Rs 129-130 per share for its Rs 600 crore initial public offering. The company’s IPO will open on March 15. The company’s IPO will remain open for three days and will close on March 17. Laxmi Organics has raised Rs 180 crore from anchor investors before the IPO.
Under this, fresh shares worth Rs 300 crore will be issued. Apart from this, 300 million shares will be sold by the promoter Yellow Stone Trust through Offer for Sale.
3. Kalyan Jewelers
Kalyan Jewelers (IPO) worth Rs 1,175 crore will be open for subscription from 16 March 2021. The company has fixed the price band of the IPO at Rs 86-87 per share. This issue will close on 18 March 2021. 800 crore fresh equity will be issued in the IPO and there are offers for sale (OFS) worth Rs 375 crore by the promoters and shareholders.
The lot size of Kalyan Jewelers’ IPO is 172 shares. Shares worth 2 lakh rupees have been reserved for qualified employees. A discount of 8 rupees is being offered on the shares to eligible employees.