IPO watch: Golden opportunity to invest, not one or two, but IPOs of four companies will come back to back this week
IPO watch: The Indian stock market has returned after a long time. This has also encouraged companies to go for Initial Public Offerings (IPOs). Due to this, the excitement in the IPO market has also increased. After four IPOs last week, IPOs of four companies are coming this week as well. Market experts say that once again a golden opportunity for investors to earn from IPO has returned. However, one should avoid blindly investing in the IPO of any company. The decision should be taken by taking information about the company’s financial position, business model, trends in the gray market regarding IPO, etc.
Which companies will IPO this week
According to the information received, the companies that brought the IPO include Archean Chemical Industries Ltd and Five Star Business Finance Ltd. Apart from these, IPOs of Kaynes Technology India and Inox Green Energy Services Ltd are also coming up. These companies collectively plan to raise Rs 5,000 crore. Last week too, four companies came out with their IPOs, including Bikaji Foods International and Global Health Ltd. According to the draft documents, the IPOs of Archean Chemicals and Five Star Business will be open from November 9 to November 11, while those of Kenj Technology and Inox Green will be open from November 10 and November 11, respectively. According to the data available on the stock exchanges, so far in the year 2022, 26 companies have come out with IPOs to raise Rs 48,000 crore. Last year, Rs 1.19 lakh crore was raised from 63 IPOs. Market experts said the IPO market remained weak in 2022 due to volatility in the secondary market.
Cannes Technology IPO to open on November 10
Coins Technology IPO will open on 10th November and end on 14th November and Anchor Book will be opened for one day on 9th November, while INOX Energy Services Limited issue will open on 11th November and end on 15th November, and will open for Anchor Book . Kaynes Technology has fixed the IPO price band at Rs 559-587 per share. The public offering consists of an Offer for Sale (OFS) of shares worth ₹530 crore and 55.84 lakh shares by the investor. Inox Green Energy Services, a wind power operation and maintenance service provider, has placed a fresh issue of Rs 740 crore and an OFS of Rs 370 crore. The new issue will be used by the company for debt repayment and general corporate purposes.
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