- Date : 29/08/2023
- Read: 3 mins
A bird’s eye view of the active and upcoming IPOs hitting the stock market in the next few days.
Several mainline and SME IPOs are either already open for application now or will be in the coming week. Investors can have a quick snapshot, which includes Sahaj Fashions, Mono Pharmacare and CPS Shapers. All are SME IPOs that are currently open. Another SME IPO Basilic Fly Studio and mainline IPOs Rishabh Instruments and Ratnaveer Precision Engineering are due to open in the next few days.
There are 3 active and 3 upcoming IPOs to look forward to for investors.
Both SME and mainline IPO enthusiasts will have choices during this period.
Companies span from pharma, garments and engineering to visual effects as well.
Investors must study the draft red herring prospectus of the companies available online.
IPOs Currently Active
Sahaj Fashions is a garment, home furnishing and industrial applications company whose IPO closes on 29 August 2023. The share price is Rs 30 while the lot size is 4,000 shares. IPO objectives are working capital requirements and pre/repayment of borrowings.
Mono Pharmacare is a pharma company whose IPO closes on 30 August 2023. The shares are priced at Rs 26 to Rs 28, while the lot size is 4,000 shares. The IPO proceeds will be utilised for working capital and general corporate purposes.
- CPS Shapers is a unisex shapewear manufacturer whose IPO closes on 31 August 2023. You can apply for lots of 600 shares, each of which is priced at Rs 185. Apart from loan payment and working capital, the proceeds will be used on plant and machinery, commercial vehicles, solar power systems, and IT upgrades.
IPOs Coming Up
Basilic Fly Studio is a VFX studio whose shares are priced at Rs 92-97 and have a lot size of 1200 shares. The IPO is open between 1 and 5 September. Proceeds will be used on infrastructure and overseas subsidiary investments.
Rishabh Instruments is a test and measuring instruments company whose IPO is open between 30 August and 1 September. Lots of 34 shares can be applied within the price of Rs 418-441. The company plans to expand its manufacturing facility.
Ratnaveer Precision Engineering mostly manufactures steel products for different industries. Its IPO will remain open between 4 and 6 September. Its share price is Rs 93-98 and the lot size is 150. The IPO proceeds will be used for working capital and general corporate purposes.
As easy as it is to invest in IPOs, the decision must be backed by research. The prospectus can be a handy guide in this regard. Understand the business, and ensure the robustness of the management and the scope of growth. These are some of the many things that you must be assured of beforehand.
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Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.