IPOs of these two small companies are going to come in April, there will be buzz throughout the year

IPO Market Update: Amidst the fall in the stock market, the last financial year was not good in terms of IPO Market. During the last few months of the financial year, only a few IPOs were seen. Although this financial year is expected to be good for the IPO market, as about 54 companies are preparing to bring IPO, and it is starting with the IPO of two small companies in April.

Starting with this IPO

The IPO of small companies is starting with the issue of AG Universal IPO. There are 1,454,000 equity shares in this IPO, whose face value is Rs 10. The size of this IPO is going to be Rs 8.72 crore. This IPO will open on 11 April and close on 13 April. For this, the price of one share has been fixed at Rs 60 and an order has to be placed for at least 2000 shares. This share will be listed on NSE SME.

Second IPO after a week

After this, the turn of Retina Paints IPO is about to come. This IPO with a size of Rs 11.10 crore will have 3,700,000 equity shares of face value of Rs 10 each. The issue price for this is Rs 30, while 4000 shares have to be ordered. This IPO will open for subscription on 19 April and bidding can be done till 24 April.

last year was like this

Talking about the last financial year, during this period a total of 38 companies raised a total of Rs 52,600 crore through IPOs. Out of these 38 companies, the shares of only two were listed with a premium of more than 50-50 per cent. Dreamfolks Services shares were listed at 55 per cent premium and Electronics Mark India shares at 52 per cent premium. The most important in this financial year was the IPO of the government insurance company LIC (Life Insurance Corporation of India), which was listed at a discount of about 9 percent.

So many companies in line for IPO

Talking about the current financial year i.e. 2023-24, during this time 54 companies are in line to bring IPO. According to Prime Database, 54 companies have got SEBI’s approval to bring IPO during the next financial year and these companies are going to try to raise Rs 76,189 crore from the open market. Apart from these, there are 19 other companies which are awaiting SEBI approval and they plan to raise Rs 32,940 crore.

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