2 new IPOs coming this week, know all details including price band and GMP – India TV Hindi

Coming this week...- India TV Paisa

Photo: PEXELS The IPOs are coming this week.

IPO this week: There will not be much activity in the primary market this week. Because there is no new IPO in the mainstream segment for the second week in a row. However, the debt-ridden telecom giant has announced plans to launch its Rs 18,000-crore FPO next week. Along with this, two IPOs are going to be launched in the SME segment. These are the IPOs of Ramdev Baba Solvent and Girl Splendor Services. Apart from these two IPOs, shares of Tirtha Gopikon and DGC Cables & Wires are also scheduled to be listed on the stock exchange this week.

Ramdev Baba Solvent IPO

Ramdev Baba Solvent’s SME IPO will open for subscription on April 15 and close on April 18. The company plans to raise Rs 50.2 crore through the IPO and list the shares on the NSE SME platform. This IPO is a fresh equity issue of 59.13 lakh shares. The price band is Rs 80-85 per share. About 50% of the IPO is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors. Ramdev Baba Solvent is in the business of manufacturing, distribution, marketing and sale of physically refined rice bran oil. The company manufactures rice bran oil and sells it to other companies including FMCG companies. Choice Capital Advisors is the book-running lead manager of the IPO. While BigShare Services is the registrar of this matter. The listing of the shares on the stock exchange is expected on April 23. Shares of the company were seen trading at a premium of Rs 21 as against Rs 85 in the gray market. Thus this share can be listed on the stock exchange at Rs 106 with a premium of 24.71%.

Grill Splendor Services IPO

The Rs 16.5 crore IPO of Grill Splendor Services will also start from April 15. The issue, which is a fresh equity sale of fully 13.72 lakh shares, will close on April 18. The company has set a price band of Rs 120 per share, where investors can bid for 1,200 shares in one lot. About 50% of this IPO is reserved for retail investors and the remaining 50% for other investors. Grill Splendor Services is a chain of gourmet bakeries and patisseries spread across Mumbai through 17 retail stores, a central manufacturing facility and several corporate clients. Out of these 17 retail stores, 5 are operated under the franchise model (owned and operated by the franchisee) and the remaining 12 stores are owned by the company. Venture Merchant Banker Services is acting as the sole book-running lead manager for the IPO and BigShare Services is the registrar. Shares of the company are seen trading at a premium of Rs 8 to the issue price of Rs 120. Thus the share can be listed on the stock exchange at Rs 128 with a premium of 6.67 per cent.

Latest business news.

Leave a Comment