Upcoming IPO: There is a lot of turmoil in the stock market. Every week different companies are launching their IPOs. Next week also investors will have the opportunity to invest money in IPO. Two IPOs are going to open from 19th November to 21st November. One is the mainboard IPO of Excelsoft Technologies and the other is the small SME IPO of Gaillard Steel.
Apart from this, listing of seven is also going to happen, which include Physicswala, MV Photovoltaic, Tenneko Clean Air, Fujiyama Power Systems, Capillary Technologies, Mahamaya Lifesciences and Workmates Core 2 Cloud. This listing will start from 18th November and will continue till 21st November. If you are also thinking of investing money in IPO, then definitely check the details of these IPOs.
Excelsoft Technologies IPO
Excelsoft Technologies is a global vertical Software as a Service (SaaS) company, which operates in the learning and assessment segment. That means it provides technology solutions related to education and examinations. The company’s IPO will open on November 19 and close on November 21. Its price band has been kept at Rs 114 to Rs 120 per share. This IPO is going to raise a total of Rs 500 crore, of which Rs 180 crore will come from new shares and Rs 320 crore from the offer for sale from the promoter Pedanta Technologies Private Limited.
Its lot size is 125 shares, that is, the retail investor will have to apply for at least 125 shares. The company will use the funds raised from this IPO worth Rs 61.76 crore to buy new land and build buildings on Mysore property. Apart from this, Rs 39.51 crore will be spent in upgrading the existing Mysore facility. This also includes the external electrical system.
Also, Rs 54.63 crore will go towards strengthening the IT infrastructure and the rest will be used for general corporate purposes. The company has 76 clients in 19 countries, such as Pearson Education, AQA Education, Brigham Young University, etc. It runs on long term contracts. If you believe in tech and education sector then you can invest money in this IPO.
Gallard Steel IPO
Gallard Steel is a company manufacturing engineered steel castings, which produces SGCI, mild steel and low alloy castings. It also manufactures ready-to-use components, assemblies and sub-assemblies for Indian Railways, defense sector, power generation and related industries. Its IPO will also open from 19 to 21 November. This is a completely fresh issue, there is a plan to raise Rs 37.50 crore. Price band Rs 142 to Rs 150 per share. The minimum investment for retail investors is 2000 shares. The company will use this money to expand the existing manufacturing unit, construct an office building, repay some debt and for general corporate purposes. This is an SME IPO, so it is a good option for small investors, but the risk is also a bit high because it is a small company.
Shares of these companies will be listed
Shares of seven companies will be listed next week. Physicswala and MV Photovoltaic will be listed on 18th November. This IPO of Rs 3,480 crore by Physicswala, a large edtech company, has received a strong response from investors. MV is going to manufacture photovoltaic solar panels and cells, expected to grow in renewable energy. Then on November 19, Tenneco Clean Air will be listed, it makes automotive emission control systems.
On November 20, Fujiyama Power Systems, which is into electric vehicle components. On November 21, Capillary Technologies, which provides software as a service. Among SMEs, Mahamaya Lifesciences and Workmates Core2 Cloud will also be listed on November 18. Mahamaya is into pharma and biotech, which provides Workmates cloud infrastructure, cyber security and IT services.
Also keep in mind that before investing money in IPO, check the financials of the company and understand the risk. This opportunity is good for investment but it would not be right to rush.
