The coming week is special for the stock market!
The coming week is going to be very busy for the investors of the indian stock market. Because this week two new SME IPOs are opening. hp Telecom india and Beezaasan Explotech. Both these IPOs have brought new opportunities for investors. Let's know about them in detail.
HP Telecom india IPO
This IPO will open on february 20 and will be subscribed till february 24. Its price band is Rs 108 per share. Whereas, the allotment of shares will be decided on february 25 and listing is expected on NSE SME Exchange on february 28. hp Telecom india was founded in march 2011. Initially it used to sell mobile phones and accessories, but now it also distributes home appliances like LCD/LED home theater and air conditioners.
Beezaasan Explotech IPO
This IPO will open on february 21 and will be subscribed till february 25. Its price band is Rs 165 to Rs 175 per share. Allotment of shares will be decided on february 27 and listing is expected on BSE SME Exchange on march 3. Beezaasan Explotech was established in august 2013. It manufactures explosives and related accessories. Its products are used in industries like cement, mining and defense.
What should investors do?
This week is full of action for investors. Whether you are thinking of investing in a new IPO or waiting for the allotment of an already placed IPO, you have a lot to track this week. However, before any investment, it is important to understand the fundamentals and market conditions of the company well. Apart from this, given the kind of decline seen in the market these days, you need to be even more cautious.
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