IPOs to open this week-New shares to be listed!!!
In the business week that begins tomorrow, two companies will conduct their initial public offerings (IPOs). Regarding this, there is a lot of commotion among investors. The shares of four additional companies will also be listed the following week. It's important to note that all four of these stocks fall under the Small to Medium Enterprises (SME) category. Let's find out which companies will go public the next week.
Netweb Technologies IPO
The initial public offering (IPO) of Netweb Technologies india Limited will begin tomorrow, or on July 17, 2023. The deadline for this IPO is July 19. This IPO has a 631 crore rupee size. The range for the pricing of the company's shares has been set at Rs. 475 to Rs. 500. Through an offer for sale, the company's promoters would sell shares worth Rs 206 crore. New shares worth Rs 425 crore will also be issued at the same time. On July 26, the business will distribute shares to investors, and on July 27, the shares will list on a stock exchange. Shares will be listed on the NSE and BSE. The company's shares are currently trading 60% over their upper price on the Great Market.
IPO of Asarfi Hospital-
Also scheduled for next week is the IPO of Asarfi Hospital. The IPO for the company will be available from July 17 to July 19. This healthcare company would raise a total of 26.97 crores through its first public offering. The business will issue all of its shares as new issues, and it will construct a cancer hospital with the funds earned from the IPO. This company's pricing range has been set at Rs. 51 to Rs. 52 per share. On July 24, the corporation will distribute shares to investors. Following this, on July 27, the company's shares will be admitted to trading on the BSE SME Exchange.
click and follow Indiaherald WhatsApp channel