Three IPOs are coming this week (from September 21 to 24). In this, the issue of CAMS and Chemcon Specialty Chemical serving for mutual funds is opening today i.e September 21. Both these issues will close on 23 September. While the issue of Angel Broking will open tomorrow i.e. Tuesday and close on Thursday. Know all about these IPOs. How you can invest in it and how is the company.
What does an IPO mean?
IPO means any company has to issue some shares when it is first listed on the stock exchange. It is called Initial Public Offering.
About CAMS-
What does the company do?
Computer Edge Management Services (CAMS) provides financial infra and technology for service. It acts as the registrar and transfer agent of a mutual fund. According to the Crisil report, its market share in mutual funds is 69.4 percent. The specialty of CAMS is that it has a network across India. There is a fairly large infrastructure.
How many shares can you buy minimum and maximum?
You can buy at least 12 shares (one lot) and a maximum of 156 shares (13 lots). You can invest a minimum of Rs 14,760 and a maximum of Rs one lakh 91 thousand 880. There is a discount of Rs 122 per share for the employees.
What is lot size?
Lot size means that you can buy at least one lot or you can buy as many lots as possible in a stock of less value of maximum Rs 2 lakh. As per SEBI rules, a retail investor can invest up to Rs 2 lakh in a single IPO.
About Chemcon Specialty-
What does the company do?
Chemcon Specialty was established in 1988. It manufactures special chemical products. These products also include HMDS and CMIC. It is a large global manufacturer of pharmaceuticals chemicals. It has customers domestically and globally.
What will the IPO money do?
The company will use the money to expand the manufacturing facility. It will use it for working capital and will also spend for general corporate purpose.
How many shares can you buy minimum and maximum?
A minimum of 44 shares (one lot) and a maximum of 572 shares (13 lots) can be purchased. You can invest a minimum of Rs 14,960 and a maximum of one lakh 94 thousand 480 rupees.
About Angel Broking
What does the company do?
Established in 1996, the company is among the leading stock broking companies in the country. It basically provides advisory and financial services. It also offers broking and margin funding. It is the fourth largest broking company in terms of active clients on NSE. The company has a strong brand.
What will the IPO money do?
The company will use the IPO money for working capital and general corporate purposes.
How many shares can be bought?
At least 49 shares (one lot) and maximum 637 shares (13 lots) can be purchased. You can invest at least 14,994 and a maximum of one lakh 94 thousand 922 rupees.
