IPO Week: The week starting from Monday 29th April is IPO week on the share market. There are 3 new issues coming this week. There will also be listing of 4 companies. Due to the arrival of so many IPOs, there is a tremendous opportunity for investors in the market throughout the week. Last week, only one mainboard IPO of JNK India came. It has received approximately 28 times subscription. Its listing is going to happen on 30th April. Also, listing of 3 SME IPOs will also happen on BSE SME on 30th April only. These include Emmforce Autotech, Shivam Chemicals and Varyaa Creations.
3 SME companies will launch their IPO in the market
According to the information, 3 SME companies are going to launch their IPO in the market this week. Experts have expressed the possibility of getting a good response. According to the report of Economic Times, the beginning of the financial year 2024-25 has been slow in terms of IPOs. But now the market has started gaining momentum. The coming few weeks are also going to be great for the IPO market. Let’s take a look at the IPO coming this week.
Sai Swami Metals & Alloys
The IPO of this company (Sai Swami Metals and Alloys) will open for subscription on 30 April and will close on 3 May. The company wants to raise Rs 15 crore through IPO. The IPO price has been kept at Rs 60. You will have to buy 2000 shares in one lot. Its 50 percent share has been kept for retail investors. The company trades and markets stainless steel products.
MK Products
This company (Amkay Products) manufactures medical devices and healthcare products. Its IPO will be open for subscription from 30 April to 3 May. The company wants to raise Rs 12.61 crore through IPO. Its price band has been kept at Rs 52 to 55. You will have to buy 2000 shares in one lot. Its 35 percent share has been kept for retail investors.
Storage Technology and Automation
The IPO of this company (Storage Technologies and Automation) will open for subscription on 30 April and will close on 3 May. The company wants to raise Rs 29.95 crore through IPO. Its price band has been kept at Rs 73 to Rs 78. You will have to buy 1600 shares in one lot. Its 35 percent share has been kept for retail investors. The company manufactures metal storage racks, automated warehouses and other storage products.
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