Winning Bizness Desk
Mumbai. The month of September witnessed good response for the capital raising through IPOs. Many SME and large companies came up and got sufficient funds from the commoners. At the same time, many companies are trying to collect money from the market through issue, in this month of October also. IPO of three companies including IRM Energy IPO, Womankart IPO are going to open in this business week. At the same time, the listing of the shares of an IPO will also happen next week. Arvind & Company Shipping's IPO closed on October 16. Within two days of the opening of the IPO, it was subscribed up to 41.22 times. At the same time, retail investors have shown special interest in this IPO and it has been subscribed up to 59.48 times. Non-institutional investors have subscribed their shares up to 19.15 times.
Three companies selling fresh shares
IRM Energy is coming up with its IPO and the issue of the company is scheduled to open on October 18, 2023. You can deposit money in it till October 20. Through this, the company has set a target of collecting a total of Rs 545.40 crore. Fresh shares will be issued entirely through this IPO. The company has fixed the issue price band between Rs 480 and Rs 505. The shares will be listed on BSE and NSE on October 31, 2023. Womankart is an SME IPO opening on October 16, 2023 and investors can subscribe it till October 18, 2023. Through this, the company wants to collect a total of Rs 9.56 crore from the market. Through this IPO, the company is going to sell a total of 11.12 lakh fresh shares. The company has set a price of Rs 86 per share. The listing of shares of this company will be on NSE SME on October 27, 2023. Rajgor Castor Derivatives' IPO is an SME issue opening on October 17, 2023. The company is trying to raise a total of Rs 47.81 crore through this IPO. A total of Rs 44.48 crore fresh and Rs 3.33 crore shares will be sold through offer for sale through this IPO.
