IPO Alert: 3 IPOs will come next week, government selling its entire stake in one
The coming week is going to bring new investing opportunities for stock market investors. Where on one hand the stock market investors are waiting for May 17. On this day the listing of LIC’s shares is to be done. On the other hand, IPOs are in line one after the other. There are three more IPOs to be launched next week. Their names are Paradip Phosphate IPO, Ethos IPO and eMudra IPO. As per the information available on BSE website, Paradip Phosphates IPO will open for investment on 17th May 2022 while Ethos IPO and eMudra IPO will open on 18th May and 20th May respectively. The target is to raise around ₹2387 crore from these three IPOs. In this, the size of Paradip Phosphate IPO is ₹ 1501 crore. The size of the Ethos IPO is ₹472 Cr and the eMudra IPO target is to raise around ₹412 Cr.
1. Paradeep Phosphates IPO: The issue is of ₹ 1501 crore. It will open for investment on 17th May 2022 and it will be open for bidding till 19th May 2022. The price band of Fertilizer Company Paradip Phosphate IPO has been fixed at ₹39 to ₹42 per equity. In this IPO, an investor can apply for at least one lot. One lot of Paradip Phosphates IPO will consist of 350 company shares. The shares of the company will be listed on both NSE and BSE. The tentative dates for Paradip Phosphates IPO allotment is 24 May 2022, while the Paradip Phosphates IPO listing date is 27 May 2022.
2. Ethos IPO: This Public Issue will open for subscription on 18th May 2022 and will be open for subscription till 20th May 2022. The price band of this public issue of 472 crores has been fixed from ₹ 836 to ₹ 878 per equity share. In this IPO, an investor will be able to apply in one lot and one lot of Ethos IPO will consist of 17 shares of the company. This IPO will be listed on both NSE and BSE. The tentative date for Ethos IPO allotment is 25 May 2022, while the Paradip Phosphates IPO listing date is 30 May 2022.
3. eMudhra IPO: This public issue will open for subscription on 20th May 2022 and will be open for subscription till 24th May 2022. The price band for the 412 crore public issue has been fixed at ₹243 to ₹256 per equity share. In this IPO an investor will be able to apply for one lot and one lot of eMudra IPO will consist of 58 company shares. The shares of the company will be listed on both NSE and BSE. The tentative dates for the Ethos IPO allotment are 27 May 2022, while the eMudra IPO listing date is 1 June 2022.
