By Admin 
Upcoming IPOs: If you aspire to get better returns by investing in the stock market, then the next week is going to be very special for you because during this time four new Initial Public Offerings (IPOs) will open for subscription. Of these, one will be from mainboard and three from SME segment. The IPO of Shadowfax Technologies in the mainboard segment will open on Tuesday, January 20. At the same time, in the SME segment, bidding for Delogic Systems IPO, KRM Ayurveda IPO and Shayona Engineering IPO will also start from next week.
mainboard segment
Shadowfax Technologies IPO
Shadowfax Technologies IPO is the only mainboard issue to open in the coming week, whose size is Rs 1,907.27 crore. There will be both sale and offer-for-sale (OFS) of fresh equity shares. The price band for the issue has been fixed between Rs 118-124 per share. There will be an opportunity to bid for the IPO from January 20 to January 22. Shares are expected to be allotted on 23 January. Moreover, the listing of the shares is likely to happen on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 28.
SME IPOs
Digilogic Systems IPO
Digilogic Systems IPO will open for subscription on January 20 and will close on January 22. This is a completely book-built issue, the value of which is Rs 81.01 crore. Out of this, 0.67 crore fresh shares worth 69.68 crore will be issued and 0.11 crore shares worth 11.33 crore are included in offer for sale. The price band for IPO has been fixed at Rs 98-104 per share. Indoriant Financial Services Ltd is acting as the book-running lead manager, while Kfin Technologies Ltd has been chosen as the registrar to the issue.
KRM Ayurved IPO
KRM Ayurveda IPO is another SME IPO, for which investors will be able to bid between January 21 and January 23. The price of this issue of Rs 77.49 crore has been fixed between Rs 128-135 per share. The allotment is likely to be completed by January 27, after which the shares will be listed on the NSE SME platform on January 29.
Shayona Engineering IPO
Shayona Engineering IPO will be the third IPO in the SME segment to open next week. This issue is a completely new offer of shares. The IPO will open on 22 January and close on 27 January. It is expected that after the allotment of shares on January 28, there will be listing on BSE SME platform on January 30.
These IPOs will be listed
- 19 January- Bharat Coking Coal IPO
- January 19- Defrel Technologies IPO
- January 19- Avana Electrosystems IPO
- January 21- Amagi Media Labs IPO
- 21 January- Narmadesh Brass Industries IPO
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