By Admin 
Upcoming IPO Next Week: A new week is starting tomorrow i.e. from 9th February. During this period, IPOs of many companies will be launched. In such a situation, this can be useful news for investors who want to earn money through IPO. In the week starting from February 9, IPOs of three companies in the mainboard and SME segments will open for subscription. Apart from this, listing of four companies is also going to happen. Let’s take a look at these:-
mainboard segment
Fractal Analytics
Fractal Analytics’ IPO is a big mainboard issue, which will open for subscription between February 9-11. Its size is Rs 2833.90 crore. This will include new shares as well as sale of shares under the offer for sale window. The price band for the IPO has been fixed at Rs 857-900 per share. Investors will get a chance to invest money in lots of 16 shares.
The company has said that the money raised from the IPO will be used to meet business needs. This includes investing in its subsidiaries in the US, repayment of old loans, expanding the scope of office infrastructure, strengthening research and development, supporting sales and marketing activities.
Aye Finance IPO
Another mainboard IPO opening on February 9 is Aye Finance. Investors will be able to bid for this till 11th February. This issue of Rs 1010 crore includes both new equity shares and offer-for-sale by existing investors. The IPO price has been kept at Rs 122-129 per share. Investors will be able to place bets for 116 shares in one lot. Aye Finance will use the funds raised from the issue to strengthen its capital base and support future business growth. It is a non-banking financial company, which provides loans to micro and small enterprises.
SME IPO
Marushika Technology
The IPO of Marushika Technology in the SME segment will open on 12 February and close on 16 February. The issue size is Rs 26.97 crore and consists entirely of new equity shares. The price band of IPO is Rs 111-117 per share. The company’s shares will be listed on the NSE SME platform, the probable listing date of which has been fixed as February 19.
Marushika Technology works to distribute IT and telecom infrastructure products. The company will use the proceeds from this issue to repay debt, meet working capital requirements and meet general corporate needs.
Listing of these companies
Next week four companies are going to make their debut in the stock market. Brandman Retail and Grover Jewells are going to be listed on February 11. Biopol Chemicals and PAN HR Solutions will enter the market on 13 February.
Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)
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