While the insurance behemoth, LIC’s IPO, are are awaiting share listing of the insurance behemoth next week, there are a few others already in the pipeline.
Three more IPOs, namely, Paradeep Phosphates IPO, Ethos IPO and eMudhra IPO are going to hit primary market in the next week.
The subscription as per the information available on the BSE website will open on 17th May 2022 for Paradeep Phosphates IPO. Ethos IPO and EMudhra IPO will open on 18th May and 20th May respectively.
A Total Rs 2387 Crore To Be Raised
Out of the total ?2387 crore which these three public issues intend to raise, the IPO size for Paradeep Phosphates is ?1501 crore and Ethos IPO size is ?472 crore whereas that of eMudhra IPO is ?412 crore.
Details of the Three IPOs
Details of the three upcoming IPOs
1] Paradeep Phosphates IPO
On 17th May 2022, the public issue worth Rs 1501 crore will open and shall remain open for bidding till 19th May 2022.
The IPO price band at Rs 39 to Rs 42 per equity share has been fixed by the non-urea fertilizers maker Paradeep Phosphates. The public issue will be in lots and the bidder should know that one lot of the company shall comprise of 350 company shares.
Both, on NSE as well as BSE the public offer is proposed to be listed. The allotment date for the Paradeep Phosphates IPO is 24th May 2022 and 27th May 2022 is the IPO listing date.
2] Ethos IPO
The Ethos public issue shall be open on 18th May 2022 and shall remain on till 20th May 2022.
It is Rs 836 to Rs 878 per equity share that the price band for the 472 crore worth IPO is fixed.
If one intends to apply for the public issue, then one should know that it is in lots that one can apply and one lot of the same shall comprise of 17 company shares. The public offer is proposed to list on both NSE and BSE. Tentative dates for Ethos IPO allotment is 25th May 2022.
3] eMudhra IPO
The public issue which will open for subscription on 20th May 2022, will be open till 24th May 2022. It is at ?243 to Rs 256 per equity share that the price band of the public issue worth 412 crore has been fixed.
If one intends to apply for the public issue, then one should know that it is in lots that one can apply and one lot of the same shall comprise of 58 company shares.
The public offer is proposed to list on both NSE and BSE. Tentative dates for Ethos IPO allotment is 27th May 2022 whereas most likely eMudhra IPO listing date is 1st June 2022.
The action does not stop here, it is in the next week that the announcement of of share allotment for Prudent Corporate IPO, Venus Pipes IPO and Delhivery IPO is expected.
So, there is a lot happening in over the period of few weeks and I guess we have to stay tuned to see how things roll for these IPOs.
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