From Consulting and chemicals to software firms. A Detailed Review of the Upcoming IPOs in March 2023

Key information on all the upcoming IPOs in March 2023

Key Information On Upcoming IPOs

As the IPO date for Divgi TorqTransfer Systems closes, there are a few more IPOs to look forward to in March 2023. Here’s what we know about these IPOs so far,

  1. Vertexplus Technologies Limited – IPO dates for this issue are from 2nd March to 6th March 2023. Allotments will be made on 13th March 2023, with the shares getting reflected in Demat accounts on 14th March and the listing on 15th March 2023.

The shares of face value Rs 10 are offered in the range of Rs 91-96. The lot size is 1200 shares.

The proceeds of the IPO will be used to meet the working capital requirement, general corporate use and issue expenses. The company provides consulting and outsourcing services, as well as digital products and services. It was incorporated in 2010.

Also Read: Systango tech IPO launch on March 2 2023 and Resgen limited IPO begin on February 27 2023: Check IPO details

  1. Systango Technologies Limited – IPO dates for this issue are from 2nd March to 6th March 2023. Allotments will be made on 10th March 2023, with the shares getting reflected in Demat accounts on 14th March and the listing on 15th March 2023.

The shares of face value Rs 10 are offered in the range of Rs 85-90. The lot size is 1600 shares.

The proceeds of the IPO will be used on investments, acquisitions, working capital, corporate purposes and issue expenses. The company provides software solutions, and it was incorporated in 2004.

  1. MCON Rasayan India Limited – IPO dates for this issue are from 6th March to 10th March 2023. Allotments will be made on 15th March 2023, with the shares getting reflected in Demat accounts on 17th March and the listing on 20th March 2023.

The shares of face value Rs 10 are offered at Rs 40. The lot size is 3000 shares.

The proceeds of the IPO will be used to meet the working capital requirement and general corporate use. The company produces building materials and construction chemicals. It was incorporated in 2016.

Also Read: Paytm shares surge 19% in just one month: Expert analysis

  1. Sudarshan Pharma Industries Ltd – IPO dates for this issue are from 9th March to 14th March 2023. Allotments will be made on 17th March 2023, with the shares getting reflected in Demat accounts on 21st March and the listing on 22nd March 2023.

The shares of face value Rs 10 are offered in the range of Rs 71-73. The lot size is 1600 shares.

The proceeds of the IPO will be used to meet the working capital requirement and general corporate use. The company sources and supplies generic formulations, speciality chemicals, pharma ingredients etc. It was incorporated in 2008.

  1. Global Surfaces Limited – IPO dates for this issue are from 13th March to 15th March 2023. Allotments will be made on 20th March 2023, with the shares getting reflected in Demat accounts on 22nd March and the listing on 23rd March 2023.

The face value of the share is Rs 10, while the IPO price and lot size are yet to be disclosed.

The proceeds of the IPO will be used to invest in Global Surfaces FZE, its wholly-owned subsidiary to set up a manufacturing facility in Dubai. The company processes natural stones and manufactures engineered quartz. It was incorporated in 1991.

Also Read: India’s renewable energy transition will NTPC, Tata Power and Powergrid be big beneficiaries in 2023

Get your Demat account ready and finish your research as these IPO dates draw closer.

 

Source:

https://www.chittorgarh.com

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