Keep money ready, three IPOs worth ₹ 2387 crore will come next week, know details
New Delhi: The coming week is going to be special for the stock market investors. While the investors of the stock market are waiting for May 17, on this day LIC’s IPO list is to be held. On the other hand, other IPOs are also coming up. There are three IPOs to come in the coming weeks. These include Ethos IPO, Imudra IPO and Paradip Phosphate IPO. According to the Bombay Stock Exchange website, Paradip’s IPO will open on May 17, while IPO of Emudra and Athos will open on May 18 and 20. The target of the three IPOs is to raise around Rs 2,387 crore. The IPO size of Paradip Phosphate is Rs 1501 crore. Ethos IPO is worth Rs 472 crore while IPO of Emudra is for Rs 412 crore.
Let’s know about this IPO
1. Paradip Phosphate IPO
The issue is of Rs 1501 crore. It will open for investors on May 17 and close on May 19. Fertilizer company Paradip Phosphate IPO price band is Rs 39-42 per equity share. Investors can invest a lot in this IPO. One lot of Paradip Phosphates IPO will consist of 350 shares. The company will be listed on BSE and NSE. The IPO may list on May 27.
2. Athos IPO
This IPO will open for subscription on May 18 and close on May 20. The price band of this issue of Rs 472 crore has been fixed from Rs 836 to Rs 878. For this IPO, investors will have to apply for a lot consisting of 17 shares. The IPO will be listed on BSE and NSE. The Ethos IPO allotment is likely to take place on May 25 while the company will be listed on the stock exchange on May 30.
3. eMudra IPO
The IPO will open for subscription on May 20 and close on May 24. The price band of Rs 412 crore IPO has been fixed at Rs 243 to Rs 256 per equity share. Investors will be able to apply for lots which will consist of 58 shares. The company’s shares will be listed on the National Stock Exchange and the Bombay Exchange. The tentative date for allotment of IPO of Ethos is May 27, while IPO of Emudra will be listed on June 1, 2022.