Upcoming IPO Investment Opportunity: 4 IPOs Next Week – Discover the Upcoming Listing!
Upcoming IPO Investment Opportunity
Next week, starting from today October 16, offers an opportunity for investors to explore four IPOs. Among these, three new issues will enter the primary market, while one issue is already open, belonging to the Gujarat-based Arvind and Company Shipping Agency.
Looking ahead to the coming week, Gujarat-based gas distribution company IRM Energy is set to launch its IPO on the mainboard segment.
The IPO, valued at Rs 545 crore, will open on October 18 and close on October 20, with a price band set at Rs 480-505 per share. This will be a completely fresh issue, featuring 1.08 crore new equity shares.
Of the remaining three IPOs, Womancart, an online beauty product retailer in the SME segment, will present its Rs 9.56 crore IPO (WOMANCART IPO) from October 16 to 18.
The price per share is fixed at Rs 86, and the company will make 11,16,000 shares available during this period.
Each share has a face value of Rs 10, and this IPO is exclusively comprised of fresh issue shares, without any Offer for Sale (OFS). Veena Pahwa is the promoter of the company.
Following this, Rajgor Caster Derivatives will initiate its Rs 48 crore IPO on October 17, with a price band of Rs 47-50 per share.
This offering will conclude on October 20. Rajgor Castor Derivatives, an Ahmedabad-based company, specializes in the production of castor oil and aims to raise Rs 47.8 crore at the upper price band.
The offer comprises 88.95 lakh new shares worth Rs 44.48 crore and 6.66 lakh shares from the promoters through an Offer for Sale (OFS).
Arvind & Company Shipping Agencies is closing its IPO on October 16, having already received a subscription of 41.33 times.
The company primarily provides services related to marine vessels and auxiliary equipment while supplying equipment to multinational corporations.
Additionally, the company has expanded into the hospitality sector with Hotel Millennium Plaza and Hotel 999. The IPO of Arvind & Company Shipping Agency belongs to the SME segment, with a size of Rs 14.74 crore.
As for the listing, according to the IPO schedule for the next week, Committed Cargo Care is set to make its debut on NSE Emerge on October 18.
This public issue, which received a subscription of 81.36 times on the last day of its offering, opened on October 6, with a price band set at Rs 77 per share.
Let’s delve deeper into each of these upcoming IPOs:
1. IRM Energy IPO
IRM Energy, a Gujarat-based gas distribution company, is gearing up to launch its IPO in the mainboard segment. With an IPO value of Rs 545 crore, it’s set to open on October 18 and close on October 20.
Investors will be able to acquire shares in the price band of Rs 480-505 per share. This IPO is exclusively comprised of fresh issue shares, with 1.08 crore new equity shares on offer.
The company’s foray into the primary market is expected to draw attention from investors looking to participate in the energy and gas sector.
2. Womancart IPO
Womancart, an online retailer specializing in beauty products, is making its IPO debut in the SME segment. This offering, valued at Rs 9.56 crore, will be open for subscription from October 16 to 18. Investors can acquire shares at a fixed price of Rs 86 per share.
During this offering, the company is putting 11,16,000 shares up for sale, each with a face value of Rs 10. Notably, this IPO is a fresh issue of shares, with no Offer for Sale (OFS) included. Veena Pahwa is the promoter of Womancart, and this IPO is poised to cater to investors seeking opportunities in the e-commerce and beauty product sectors.
3. Rajgor Caster Derivatives IPO
On October 17, Rajgor Caster Derivatives, an Ahmedabad-based company specializing in the production of castor oil, is set to launch its IPO worth Rs 48 crore.
The price band for this offering is fixed at Rs 47-50 per share, and the subscription period will conclude on October 20. Under this IPO, the company aims to raise Rs 47.8 crore at the upper price band.
The offering includes 88.95 lakh new shares, worth Rs 44.48 crore, as well as 6.66 lakh shares from the promoters through an Offer for Sale (OFS). Investors interested in the agri-commodities and derivatives sectors may find this IPO appealing.
4. Arvind & Company Shipping Agencies IPO
Arvind & Company Shipping Agencies, with a subscription of 41.33 times, is set to close its IPO on October 16. The company primarily offers services related to marine vessels and auxiliary equipment while supplying equipment to multinational corporations.
Notably, Arvind & Company Shipping Agencies has expanded its business by venturing into the hospitality sector with the addition of Hotel Millennium Plaza and Hotel 999.
This IPO belongs to the SME segment and has a size of Rs 14.74 crore, making it an attractive option for investors interested in the shipping and hospitality industries.
Regarding the listing, Committed Cargo Care is scheduled to make its debut on NSE Emerge on October 18. This public issue received a remarkable subscription of 81.36 times on the last day of its offering.
The IPO, which opened on October 6 with a price band set at Rs 77 per share, is expected to create buzz in the market as it enters the trading arena.
In conclusion, the upcoming week presents a diverse range of IPO opportunities for investors looking to diversify their portfolios and explore emerging sectors.
Whether it’s the energy and gas industry with IRM Energy, the e-commerce and beauty product segment with Womancart, the agri-commodities and derivatives space with Rajgor Caster Derivatives, or the shipping and hospitality sectors with Arvind & Company Shipping Agencies, there’s something for every investor to consider.
Additionally, the listing of Committed Cargo Care on NSE Emerge promises an exciting trading debut, making it a week to watch for both seasoned and novice investors in the Indian stock market.
