Investing in Initial Public Offerings (IPOs) can be a lucrative opportunity, and next week, two companies are set to open their Initial Public Offerings in the stock market. Here’s a closer look at these upcoming IPOs and what you need to know before investing.
1. Popular Vehicles and Services Limited IPO
- Opening Date: March 12, 2024
- Price Band: Rs 280-295 per share
- Closing Date: March 14, 2024
- Lot Size: 50 equity shares
- Issue Size: Rs 250 crore
- Allotment Date: March 15, 2024
- Refunds Start: March 18, 2024
- Listing Date: March 19, 2024
- About: Popular Vehicles and Services Limited operates in the vehicle dealership sector.
- Ownership: Promoters hold a 69.45% stake in the company.
Investors have until March 14 to invest in this Initial Public Offering, with anchor investors able to bid for shares on March 11. The company aims to issue new shares worth Rs 250 crore. Refunds for unsuccessful bids will start on March 18, and shares are expected to be listed on BSE and NSE on March 19.
2. krystal Integrated Services IPO
- Opening Date: March 14, 2024
- Closing Date: March 18, 2024
- About: Crystal Integrated Services is gearing up for its IPO, with the offering set to open on March 14 and close on March 18. Anchor investors can bid for shares on March 13.
Considerations Before Investing
- Price Band: Evaluate whether the IPO’s price range aligns with your investment budget and goals.
- Company Information: Research the company’s background, industry, financial health, and growth prospects.
- Use of Funds: Understand how the company intends to utilize the funds raised from the IPO.
- Consultation: Seek advice from a financial advisor before making any investment decisions.
Conclusion
While IPOs present exciting opportunities for investors to enter the stock market, it’s crucial to conduct thorough research and seek professional guidance to make informed investment choices. Keep an eye on these upcoming Initial Public Offerings and consider their potential for growth and returns before deciding to invest.
Also Read – NSE and BSE to Conduct Special Live Trading Session on January 20, 2024: What Investors Need to Know