Tuesday, February 27, 2024

IPO of these companies is more expensive than Ratan Tata’s favorite car, read report

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The country has entered the last week of the year. Also, some more IPOs have been entered. Yes, 6 more IPOs are coming in the current week, which can earn you a lot of money in the coming days. The special thing is that the price of one lot size of these IPOs is more than one lakh rupees. If you have one to one and a half lakh rupees which you do not need immediately in future, then you can invest in these IPOs. This means that the price of one lot size of these IPOs is more than the price of Tata Motors’ Nano car. Let us also tell you which companies’ IPOs are coming in the stock market. Whose price ranges between Rs 1 lakh to Rs 1.5 lakh.

AIK Pipes and Polymer

AIK Pipes and Polymer IPO is opening for subscription on Tuesday, 26th December. Will remain open on Thursdays till 28th December. The company’s target is to raise Rs 15 crore by issuing new equity shares. The issue price has been kept at Rs 89. The quota for retail investors in AIK Pipes and Polymer IPO has been fixed at 50 percent. Retail investors can participate with a lot size of 01, equivalent to 1600 shares. Retail investors will have to pay a minimum of Rs 1,42,400 to participate in the IPO.

Akanksha Power and Infrastructure

Akanksha Power and Infrastructure IPO will open for subscription on Wednesday i.e. 27th December and will continue till Friday 29th December. The company aims to raise Rs 27.49 crore. This issue is a completely fresh issue of 49.98 lakh shares. The price band of the IPO is fixed at Rs 52-55. The minimum and maximum lot for retail investors has been set at 01, consisting of 2000 shares. Considering the upper band price of the IPO is Rs 55, investors will have to pay Rs 1,10,000 to participate in the IPO.

HRH Next Services

The IPO of HRH Next Services will open for subscription on Wednesday, December 27 and will continue till Friday, December 29. The issue price of the offer has been kept at Rs 36 with a face value of Rs 10. The company aims to raise Rs 9.57 crore by issuing new equity shares. Retail investors will get 3000 shares in one lot. This means that investors will have to pay at least Rs 1,08,000 for one lot.

Manoj Ceramic

The IPO of Manoj Ceramic will open for subscription on Wednesday, December 27 and will continue till Friday, December 29. The company aims to raise Rs 14.47 crore by issuing new equity shares. Its issue price has been kept at Rs 62. The quota for retail investors in Manoj Ceramic IPO has been fixed at 50 percent. Retail investors will get shares worth Rs 2000 in one lot. Retail investors will have to pay a minimum of Rs 1,24,000 to participate in the IPO.

Shree Balaji Valve Components

The IPO of Shri Balaji Valve Components will open for subscription on Wednesday, December 27 and will remain open till Friday, December 29. The company aims to raise Rs 21.60 crore by issuing new equity shares. The company has kept the issue price at Rs 95 to Rs 100. The quota for retail investors in Balaji Valve Components IPO has been fixed at 35 percent. Retail investors can participate with a lot size of 01, equivalent to 1200 shares. This means that retail investors will have to pay Rs 1,20,000 for one lot.

KC Energy & Infra

The IPO of KC Energy & Infra will open for subscription on Thursday, December 28 and will remain open till Tuesday, January 2. The company aims to raise Rs 15.93 crore by issuing new equity shares. The price band of the company has been fixed at Rs 51-54 per equity share. The quota for retail investors in KC Energy and Infra IPO has been fixed at 35 percent. The retail investor will get 2000 shares in one lot, the price of which has been kept at Rs 1,08,000.

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