Upcoming IPO: The buzz of IPO is going to continue in the stock market this week also. 6 new IPOs are going to be launched during the week, while 5 new shares are going to be listed on the market. Companies are going to raise more than Rs 3 thousand crore from the proposed IPO during the week.
3 new issues will open on the mainboard
There will be 3 IPOs on the mainboard during the week starting from 26th February. They include IPOs of Platinum Industries, Exicom Tele Systems and Bharat Highways Infrastructure Investment Trust. The combined size of these three IPOs is more than Rs 3 thousand crores. Whereas in the SMAE segment, IPOs of Purva Flexipack, Owais Metal and Mineral Processing and MVK Agro Food Products are coming.
Xicall Tele Systems IPO
The IPO of Xicall Tele Systems is worth Rs 429 crore. This IPO is opening on 27th February and closing on 29th February. The IPO includes fresh issue of shares worth Rs 329 crore and offer for sale of 70.42 lakh shares. The price band for this IPO has been kept at Rs 135 to Rs 142 per share. One lot contains 100 shares.
platinum industries ipo
The IPO of Platinum Industries is also opening on 27th February and closing on 29th February. This IPO of Rs 235 crore is a completely fresh equity issue. Its price band is Rs 162-171. The biggest IPO of the week is that of Bharat Highways InvIT, whose size is Rs 2,500 crore. The IPO will open on 28 February and close on 1 March. The price band of IPO is Rs 98-100.
These five shares will be listed
Owais Metal’s Rs 40 crore IPO in the SME segment will open on February 26. The IPO of Purva Flexipack will open on 27 February. Its size is also Rs 40 crores. Whereas the IPO of MVK Agro Food Products worth Rs 66 crore will open on February 29. Shares of Juniper Hotels, GPT Healthcare, Deem Roll Tech, Zenith Drugs and Sadhav Shipping are going to be listed during the week.
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