IPO This Week: There was ups and downs in the Indian stock market this week. After the last five days of trading, Sensex saw a rise of only 0.04 percent and Nifty saw a rise of 0.09 percent. However, in the meantime, there was special enthusiasm among the investors in the market regarding the IPO. IPOs of three companies are going to come in the week starting from April 8. The companies will collectively try to collect Rs 261 crore from the market. However, the listing of all these companies NSE SME And BSE SME To be on the board. This week no company is coming to be listed on the main board.
Tirtha Gopicon IPO
The IPO of Tirtha Gopicon, a company that specializes in engineering, construction and infrastructure development, is going to open for bidding in the market from April 8. The company is trying to collect Rs 44 crore from the market. The company has fixed its price band at Rs 111. This is a fresh issue of 39.9 lakh shares. This does not include shares offered for sale. Tirtha Gopicon is an engineering construction and development company primarily engaged in construction of roads, sewerage works and water distribution works in Madhya Pradesh.
DCG Cables and Wires IPO
You can bid for the IPO of DCG Cables and Wires between April 8 and April 10. The company is trying to collect Rs 49.99 crore from the market through IPO. The company has kept its price band at Rs 100. This is entirely fresh equity of 39.9 lakh shares. The company manufactures copper cables and wires. The company is going to use the money collected from the market to increase working capital and for general corporate needs.
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Greenhitech Ventures
GreenHitech Ventures is launching its IPO in the market on 12th April. For this, retail investors will be able to bid till 16th April. This SME IPO is a fresh equity issue of entirely 12.6 lakh shares. The company will try to raise Rs 6.3 crore through IPO. For this the company has fixed a price band of Rs 50 per share. Investors can bid for 3,000 shares in one lot. Greenhitech Ventures trades petroleum-based products.