By Admin 
Upcoming IPO: During the tension between India and Pakistan, the stock market had to face selling pressure. Large companies took additional precautions due to increasing tension between the two countries and market fluctuations. In such a situation, there is silence in the mainboard IPO segment. No new mainboard IPO is opened this week, but is trading in small and medium cap market. In this segment, two IPOs are opening for subscription and preparations for two new listings are going on.
Integrity Infrastuate Developers IPO
Through this fixed price issue opening on 13 May, the plan of Mumbai -based Integrity Infrastuate developers is to raise Rs 12 crore. The company is offering 12 lakh equity shares at a price of Rs 100 per share. The entire issue is a fresh offer. For this, investors will be able to bid till May 15. The stock is expected to be allotted by 16 May. On May 20, shares are to be listed on NSE SME. Aryaman Financial Services is managing it and Aryaman Capital Markets is working as market maker.
Acreation pharmaceuticals IPO
This week, acreation pharmaceuticals are also bringing their IPO. This book-Bilt Issue will open for subscription on 14 May. The company’s plan is to raise Rs 29.75 crore through a fresh issue of 29.46 lakh shares. The price band has been fixed at Rs 96 to Rs 101 per share. Investors will be able to bid till 16 May. Share will be allotted on May 19. Listing is expected on 21 May. Java Capital Services is managing this issue, while Greatex is a share broking market maker.
Virtual Galaxy Infotech IPO
Virtual Galaxy Infotech, a company providing IT service and solution, has launched its book-bill issue of Rs 93.29 crore. The price band is between Rs 35 to Rs 142 per share per share. The IPO will be closed on 14 May and is expected to list the NSE SME on 19 May. Smart Horizon is a capital lead manager and Alexi is a market maker.
Apart from this, on May 12, two new SM companies are also going to enter the market. Manoj Jewelers and Shreeji are ready for listing on DLM BSE MSE platform.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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