Upcoming IPO: Get Your Money Ready! SEBI approved as soon as these two companies came for IPO

Upcoming IPO: In the year 2022, many companies have launched their IPO in the market. If you are also planning to invest in IPO in the new year, then there is good news for you. SEBI has approved the IPO of two companies. These companies are Avalon Technologies, an electronic manufacturing service provider, and Udayashivkumar ...
 

Upcoming IPO: In the year 2022, many companies have launched their IPO in the market. If you are also planning to invest in IPO in the new year, then there is good news for you. SEBI has approved the IPO of two companies. These companies are Avalon Technologies, an electronic manufacturing service provider, and Udayashivkumar Infra, a construction company. Significantly, both the companies had submitted documents to SEBI in August and September 2022 to bring their IPO. After this, SEBI has received the observation letter on 16th January. If you also want to invest in the IPOs of both the companies, then we are going to tell you the details of both the IPOs.

Udayashivkumar Impra IPO Details

According to the documents submitted to SEBI, Udayashivkumar Impra Company is in the market for Rs. 60 crore IPO is to be brought. 6 crore shares will be issued through new equity. The amount to be raised through this IPO will meet the general corporate goals and working capital requirements of the company. Udayashivkumar Impra Company is a Karnataka based company engaged in road construction. Apart from this, the company also works for the development of state government roads, bridges, cities and industrial areas.

Avalon Technologies IPO Details

As per the documents submitted by Avalon Technologies to SEBI, the company through this IPO will raise a total of Rs. An investment of Rs 400 crore is going to happen. With this, the existing shareholders and promoters of the company have raised a total of Rs. Will issue 625 shares.

Along with this, through pre-IPO placement, the company raised a total of Rs. 80 is also planning to recover. The company will use the amount received from this IPO to repay the debt. With this, the company will meet its financial needs as well as working capital requirements. Both these companies will be listed on the Bombay Stock Exchange and the National Stock Exchange.

After IT, now job crisis in auto sector, Ford Motors will lay off thousands of employees!

Ford Layoff: After IT companies, auto sector companies are also preparing for mass layoffs, American carmaker Ford Motor has prepared a plan to lay off 3200 people. According to media reports, it is being said that Ford is now taking a big decision to focus on electric vehicles and cut costs to work in this direction.

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