Share Market Upcoming IPOs: From March 2, IPOs are due; Issue of three companies open for investors

Share Market Upcoming IPOs: IPOs of three companies are going to start in the domestic stock market in the week starting from March 2. Two of these companies are in the SME segment, while one is launching an issue under the mainboard segment. Let’s know the detailed information about this..

Elfin Agro India, an SME company, is launching its public issue on March 5. Investors can apply till March 9. The company aims to raise Rs 25.03 crore through the IPO. The company has fixed a price band of Rs 47 per share. 5.3 million new shares will be issued under the issue. The lot size of the company is 3,000 shares. Retail investors have to apply for a minimum of 2 lots.

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This means investors have to invest at least Rs. 282,000. The company will be listed on the BSE SME platform. According to a report by InvestorsGain, the company’s IPO is currently trading at a premium of Rs zero in the gray market. This means that there is currently no significant GMP visible.

The IPO of SEDEMAC Mechatronics will open on March 4. Investors can place their bets on the company’s shares till March 6. The company aims to raise Rs.1087.45 crore through this issue. The price band per share has been fixed between Rs.1287 and Rs.1352.

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8 million shares will be issued under this issue. This IPO is purely an offer for sale. A lot size of 11 shares has been fixed, meaning investors have to invest a minimum of Rs 14,872. Regarding the company’s performance in the gray market, the shares are trading at a premium of 12.

Srinibasa Pradhan Constructions’ IPO will open to investors on March 6. Investors can place their bets on the IPO till March 10. The issue of the company is 20.32 crores worth approximately 2.7 million. This includes 1.7 lakh new shares and 4,00,000 shares issued through the offer for sale. The company has fixed a price band of 91 to 98. The company is trading in the gray market at a premium of 0.

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