New Delhi: The new IPO season of 2021 is starting next week. The first Initial Public Offer (IPO) will open on January 18 and close on 20. Indian Railway Finance Corporation (IRFC) will raise Rs 4,633 crore from the IPO. Its price range has been fixed at 25 to 26 rupees. The second IPO Indigo Paints will open on 20 and close on 22.
The application can apply for 575 shares is
IRFC government company. In this, you can apply for at least 575 shares. 575 shares are held in one lot. A maximum of 13 lots can be applied. A total of 178 crore shares will be issued. Indian Railway Catering Tourism Corporation (IRCTC), a railway company, has already launched an IPO. Rail Development Corporation's IPO is also coming soon.
Sequoia will sell stake in Indigo Paints Indigo Paints,
a company in the paints sector, has set a target of raising Rs.1000 crores from the IPO. Sequoia Capital holds a major stake in Indigo Paints. Last week, SEBI approved it for an IPO. The company will issue shares for Rs 300 crore. 58.40 lakh shares will be issued through Offer for Sale (OFS). Sequoia Capital and promoters Hemant Jalan will sell their stake in it. The IPO of Indigo Paints will be managed by Kotak Mahindra Capital Company, Edelweiss Financial Services and ICICI Securities.
The amount will be spent on the expansion of manufacturing The
company will use the proceeds from the IPO to expand the manufacturing unit at Pudukkottai in Tamil Nadu and for general corporate operations. The Pune-based company had three manufacturing units up to September quarter, located in Rajasthan, Kerala and Tamil Nadu. Let us know that in 2020 a total of 16 companies had launched IPOs, under which 31 thousand crore rupees were raised. Earlier in 2019, 17 companies raised a total of Rs 17,500 crore through IPO.