This Week Will See The Market Debut of These 4 IPOs

There was a lot of excitement in the initial public offering (IPO) market from April 22 to April 25, when subscriptions for IPOs were available for four firms, including three SMEs. Investors were presented with an excellent chance to participate in the Follow-on Public Offer (FPO) and initial public offering (IPO) of enterprises. Following the subscription, these businesses are now prepared for their April 30 market launch.

JNK India Private Limited

The sole mainboard IPO that was available for subscription last week was JNK India IPO, which manufactures heating equipment. With a face value of Rs 2, the IPO price range for JNK India was set at Rs 395 to Rs 415 per share. Subscriptions were accepted from April 23 to April 25. On April 25, JNK India’s initial public offering (IPO) raised Rs 650 crore and received 28.12 subscriptions altogether. This firm is now scheduled to launch on April 30 on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Varyaa Productions Inc.

The IPO for Varyaa Creations Limited began accepting subscriptions on April 22. The fixed price per share was Rs 150. A minimum lot size of 1,000 shares, or an investment of Rs 1.5 lakh, was required. The jewelry company is now scheduled to offer its shares on the Bombay Stock Exchange Small and Medium Enterprises (BSE SME) on April 30. Varyaa Creations Limited wants to sell 13.4 lakh new shares at a set price in order to raise Rs 20.10 crore.

Shivam Chemicals

During the April 23–25 subscription period, the price per share for Shivam Chemicals’ initial public offering (IPO) was Rs 44. The lot size for the 20.18 crore IPO is 3,000 shares, and retail investors must deposit a minimum of Rs 1.34 lakh to participate. The company’s equity shares, which are part of this Small and Medium Enterprises (SME) IPO, will go live on BSE SME on April 30.

Autotech Empowerment

The IPO price range for the automotive company Emmforce Autotech was established at Rs 93 to Rs 98 per piece, or Rs 10 for each. There were 1,200 shares available in the IPO, and there was a minimum bid restriction of only 1,200 equity charges. With the help of its anchor investors, the firm collected Rs 15.34 crore, and its IPO is valued at Rs 53.90 crore. The company’s shares are scheduled to be listed on the BSE SME.