IPO Market Next Week: IPO market will be buzzing in the history making week, these companies along with Hyundai will be in focus – breaking lic record india biggest ipo hyundai motor india ipo to open next week major public listings check details
IPO Market Next Week: History is going to be made in the business week starting from 14th October. Hyundai Motor India IPO will open for subscription, defeating the country’s largest life insurance company LIC. LIC’s Rs 21,008.48 crore IPO came in May 2022 and now after about two and a half years, Hyundai Motor India’s Rs 27,870.16 crore IPO will be open on 15-17 October 2024. Apart from this, the market is going to be buzzing with more IPOs next week. Some will be open for subscription and shares of some will be listed.
IPO Market Next Week: In which issues there is an opportunity to invest money?
The Rs 27,870.16 crore IPO of the country’s second largest car company Hyundai Motor India will be open on 15-17 October 2024. The anchor book of Rs 8315 crore will open on October 14. The price band for this issue is Rs 1,865-1,960 per share. Under the complete offer for sale issue, its parent company Hyundai Motor Company will sell 14.2 crore shares. 7,78,400 shares are reserved for the company’s employees who will get shares at a discount of Rs 186. According to experts, this issue is fully priced and there is concern of high inventory in the automobile industry. Its shares will be listed on October 22.
This will be the first IPO to open from the SME segment next week. Lakshya Powertech’s Rs 49.91 crore IPO will be open from October 16-18. In this, you will be able to bid in the price band of ₹ 171-₹ 180 and in lots of 800 shares. Employees will get a discount of Rs 15 on each share. Under the IPO of Ahmedabad-based engineering consultancy services company, the company will issue only new shares and it will be listed on NSE SME on October 23.
Freshara Agro Exports IPO
The Rs 75.4 crore IPO of pickle company Fresher Agro Exports will be open from October 17-21. In this, you will be able to bid in the price band of ₹ 110-₹ 116 and in lots of 1200 shares. Only new shares will be issued under the issue which will be listed on NSE SME on 24 October.
Opportunity to invest money in these IPOs also
IPOs of three companies will open next week. However, apart from this, the issues of some companies which were open this week will remain open. Pranik Logistics’ Rs 22.5 crore IPO will remain open till October 14. It opened on 10 October. In this, you will be able to bid in the price band of Rs 73-77 and in lots of 1600 shares. Its shares will be listed on NSE SME on October 17.
IPO Listing Next Week: New shares will enter the market
Now talking about new shares entering the market, shares of Garuda Construction and Engineering will be listed on BSE and NSE on 15th October. Under its IPO of Rs 264 crore, shares have been issued at a price of Rs 95. This is the only listing from the mainboard. Two stocks are also going to enter the SME segment. Shares of Shiv Texchem will be listed on BSE SME on October 15 and shares of Pranik Logistics will be listed on NSE SME on October 17.
Hyundai Motor IPO: Investment of ₹32000 crore, this is the complete plan of Hyundai bringing IPO