Suspense Crime Sach Ka Dam
IPO Next Week: After a huge fall in the Indian stock market in the last two sessions, the mood of the primary market has also faded. Only 2 new IPOs are going to be launched next week. On the other hand, there was a boom in IPOs in the last month of September. 12 Mainboard and 40 SME IPOs were launched in September. Due to the recent decline, Nifty-50 has fallen by about 5 percent from its record high. The market is falling due to concerns related to the Middle East crisis, the rise in crude oil prices, and overvaluation. Let us know which IPOs are going to be launched next week.
Garuda Construction and Engineering IPO
Garuda Construction and Engineering Company’s Mainboard IPO will open for subscription on October 8 and close on October 10. This is an IPO of Rs 264.10 crore. One lot of this IPO will have 157 shares. Share allotment in the IPO is expected to be finalized on October 10. At the same time, the shares may be listed on October 15. The price band in the IPO is Rs 92-95 per share.
Shiv Texchem BSE SME IPO
Shiv Texchem is bringing its SME IPO. This IPO will open on October 8 and close on October 10. Allotment of shares can be finalized on October 11. At the same time, the company’s shares can be listed on October 15. The company is bringing an IPO of Rs 101.35 crore. One lot in the IPO will be 800 shares. In the gray market, the company’s stock is seen trading at a premium of Rs 40 against the issue price of Rs 166. In this way, this stock can be listed on the stock exchanges at Rs 206 with a premium of 24.10 percent.
