3 IPOs opened today, investors have a bumper earning opportunity
The
IPOs of the three companies will open on Tuesday, September 29 and close on
Thursday, October 1.
The
IPOs of 3 more companies are opening on Tuesday. These include UTI AMC, Mazgaon Dock
Shipbuilders, a state-owned defense company, and Likhita Infrastructure
Limited. The IPOs of the three companies
will open on Tuesday, September 29 and close on Thursday, October 1. If you missed out on bidding on a recent IPO,
you have a chance. Before investing in
this, know everything about investors.
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The IPO of UTI AMC (UTI Asset Management Company) is set to open on Tuesday, September 29. This can be invested till October 1. UTI AMC will be the third AMC to be listed on the stock exchange after Nippon Life India Asset Management and HDFC AMC. Shares of UTI AMC will be listed on both BSE and NSE. A price band of Rs 552-554 will be maintained for the company's issue. The company is to issue 3,89.87,081 shares in this issue under offer for sale. The price band is expected to raise Rs 2,152-2,160 crore from the IPO. Which will be a lot of 27 shares. UTI AMC is the oldest mutual fund company in the country. The company earned Rs 644.64 from anchor investors on Monday. The asset manager distributed 1,16,36,124 shares to 67 anchor investors on the company's price band above Rs 554.
The IPO of public sector defense company Mazgaon Dock Shipbuilders (MAZAGAON DOCK) will also open on September 29. In which you can invest till October 1. The company has set a price band of 135-145 per share for the IPO. The sale of 3.05.99.017 shares will be introduced under the IPO. The target is to raise Rs 444 crore from the IPO at the upper end of the value range. The company's shares are listed on the BSE and NSE. Can be listed in The securities, Axis Capital, Edelweiss Financial, IDFC Securities and JM Financial will manage the IPO. The lot size of this IPO is 103 shares. Mazgaon Dock is a government sector shipyard company. This involves building a massive ship and submarine for the Navy and the Coastguard. The company also repairs ships and submarines.
The
IPO of Likhita Infrastructure Limited, a Hyderabad-based oil and gas pipeline
infrastructure service provider, will also open today and close on October
1. The company aims to raise Rs 61.20
crore through this IPO. The price band
for this IPO has been raised from Rs 117 to Rs 120 per share. The IPO will have fresh issue of up to 51,00,000
equity shares, which is 25.86 per cent of the shareholding after the issue. The proceeds from the IPO will be used by the
company to meet its working capital requirements. Which can take advantage of the growth of the
oil-gas sector.
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