Upcoming IPOs in Next Week: The third week of December is starting from 15th. There will be a bustling atmosphere in the stock market this entire week because four public issues worth a total of about Rs 830 crore are going to be launched next week. First of all, investors will get the opportunity to bid for the mainboard offering KSH International. During this period, 15 companies are also going to debut on the exchange, which include big names like ICICI Prudential AMC, Corona Remedies and Park Medi World.
Waiting for the listing of this IPO
Investors are eagerly waiting for the listing of ICICI Prudential AMC next week. This IPO of Rs 10,603 crore, launched on December 12, got a good response on the first day. It got more than 50 percent subscription. The gray market premium (GMP) of the IPO is Rs 255, which is 10.39 percent more than the issue price. The last day to bid for the IPO is December 16. Other mainboard segment listings include Corona Remedies,
In other mainboard listings, there is discussion about Corona Remedies, whose GMP is 31.07 percent more than the issue price. Meanwhile, Nephrocare’s GMP is 6.52 percent, which shows moderate listing expectations. After this there is Wakefit, whose GMP is nominal at 2.05 percent. At the same time, in the SME segment, GMP of KV Toys is 63.18 percent and this is indicating a strong listing.
KSH International IPO
In the mainboard segment, KSH International is coming out with its public issue on Tuesday, 16th December, which will close on Thursday, 18th December. The price band for the IPO has been fixed between Rs 365 to Rs 384 per share. Its size is around Rs 710 crore and the company’s shares will be listed on both BSE and NSE. KSH International, managed by Nuwama Wealth Management, is the biggest IPO to open next week and is expected to support the overall sentiment in the primary market.
Of the amount raised from IPO, it will use Rs 226 crore to repay the loan. Rs 87 crore will be spent in purchasing new machinery and technology for Supa and Chakan plants. Apart from this, Rs 8.8 crore will be spent on setting up rooftop solar power plant in Supa unit. The remaining amount will be spent on general corporate needs.
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