IPO of this company will also open with Aeroflex Industries Limited, know the price band
IPOs Next Week: The new business week is going to start tomorrow. The ups and downs in the stock market continued last week. This week, the IPOs of Vishnu Prakash R Punglia Limited and Aeroflex Industries Limited will open for investors. Let us know through this article how many fresh shares the company is issuing as well as what is the price band of the IPO?
Many IPOs will open for investors in the third week of August. By the way, the ups and downs in the stock market continue. The weakening of the Indian currency, coupled with rising domestic inflation, a decline in foreign investment, and a slowdown in China have raised concerns. Apart from this, the US interest rates are also on the rise. This week's company's IPO will open. Come, let us know which IPOs are going to open this week.
The Vishnu Prakash R Punglia Limited IPO will open for subscription on August 24, 2023 (Thursday) and close on August 28. The company has fixed the price band of the IPO at Rs 94 to Rs 99. The auction for anchor investors will start on August 23. The face value of each share in this IPO is Rs 10. The company's IPO will be listed on BSE and NSE on September 5 next month.
Vishnu Prakash R Punglia IPO QIB has reserved more than 50% of shares. There is a 15 percent reserve for NII and 35 percent for retail investors. Up to 3,00,000 shares have been reserved for the employees of the company. The company has issued 31.20 million fresh shares.
The IPO of Aeroflex Industries Limited is going to open for subscription next week. The company's IPO will open on August 22 and close on August 24. The company has fixed the price band of the IPO at Rs 102 to Rs 108 per share. The company's IPO will open for anchor investors on August 21. The allotment of shares of the company will take place on August 29. The refund process of shares will start on 30 August. The company's IPO will be listed on both indices on September 1.
