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Kolkata: Diwali is over but there is no end to the appetite for new issues. Three public issues will his Dalal Street next week and cumulatively they will mobilise Rs Rs 1,750 crore. One is a mainboard IPO and the other two SME IPOs. They will open between October 27 and 31. Orkla India IPO is the biggest issue that will mobilise Rs 1,667b crore. But no listings will take place in the week ahead. Let's take a look at the details of the three IPOs opening next week.
Orkla India is company that owns the brand MTR Foods. The bidding process will begin on Wednesday, October 29 and it will close on October Friday, October 31. However there will be no fresh shares. The entire issue comprises OFS shares only numbering 2.28 crore equity shares. The money, therefore, not accure to he company but will go to the shareholders selling the shares.
Price band: Rs 695–730
GMP (Oct 25): Rs 145 (Listing gain indicated: 19.86%)
Allotment date: November 3
Listing date: November 6
Lead Managers: ICICI Securities, Citigroup Global Markets India, JP Morgan India, Kotak Mahindra Capital Company
Registrar: KFin Technologies
Bidding process for Jayesh Logistics IPO will open on Monday, October 27 and close on Wednesday, October 29. This issue has been designed to raise Rs 28.63 crore and 23 lakh shares will be issued. The company operates in logistics and supply chain solutions across Indian and neighbouring countries of Nepal, Bangladesh and Bhutan.
Price band: Rs 116–122
Lot Size: 1,000 shares (minimum 2 lots)
Minimum Investment: Rs 2,44,400
Registrar: KFin Technologies
The Game Changers Texfab public issue will throw opwn the bidding process on Tuesday, October 28 and Thursday, October 30.
Issue Size: Rs 54.84 crore
Price band: Rs 96–102
Lot Size: 1,200 shares (Min investment Rs 2,44,800)
Allotment date: October 31
Listing date: November 4
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, INVITs, any form of alternative investment instruments and crypto assets.)
