Next week investors will be able to subscribe to these four IPOs, aiming to raise 5020 crores from the market

IPO News: There is good news for those investing in Initial Public Offer (IPO). A total of four new IPOs are going to come in the trading week starting tomorrow. These companies are Five Star Business Finance, Archean Chemical Industries, Canes Technology and Inox Green Energy Services. All these companies will try to raise about Rs 5,020 crore from the market through their IPO next week.

In such a situation, the next week is very important for those who invest money in IPO. Let us tell you that after the end of the festive season in India, the IPO has come out. In the last week, the IPO of DCX Systems, Global Health Limited, which runs Medanta Hospital and Fusion Microfinance Company, has come. We are giving you information about the details of the upcoming IPO next week-

1. Archean Chemical Industries IPO
The IPO of Archean Chemical Industries, a specialty marine chemical maker, will open for subscription on 9 November 2022. Anchor Investments can invest in it from 7th November 2022. You can invest in this till November 11. Through this, the company is trying to raise a total of Rs 1,462 crore. The company is selling 805 crore shares for the first time in this IPO and 1.61 crore shares through Offer for Sale (OFS). Its price band is Rs 386-407 per share. 75 percent of the company’s shares have been reserved for qualified institutional investors, 15 percent for non-institutional investors and 10 percent for retail investors.

2. Five Star Business Finance IPO
Non-Banking Financial Company Five Star Business Finance IPO is going to bring its initial public offering i.e. its IPO next week. Investors can invest in this from November 8 to November 11. The company will do allotment of shares on 16 November 2022. The size of the IPO has been reduced to Rs 1,960 crore and the price band is between Rs 450-474. In the IPO, the company has reserved 35 percent for retail investors, 15 percent for non-institutional investors and 50 percent for qualified institutional investors.

latest video

3. Cannes Technology IPO
The Kaynes Technology India IPO will be open from November 10 to November 14, 2022. Anchor investors will get the facility to invest from November 9 itself. The company has fixed the price bank of this IPO at Rs 559-587 per share. The company wants to raise funds of Rs 857.80 crore through this IPO. In the IPO, the company has reserved 35 percent for retail investors, 15 percent for non-institutional investors and 50 percent for qualified institutional investors.

4. IPO of INOX Green Energy Services
The IPO of Inox Green Energy Services will open on November 11 and close on November 15. Anchor investors can invest from November 10. The company wants to get Rs 740 crore through this IPO. The company has reserved 75 per cent for qualified institutional investors, 10 per cent for retail and 15 per cent for high net worth.

read this also-

Sugar Exports: The central government has fixed this year’s sugar export quota, know how much sugar India will send abroad