Tuesday, October 08 will observe opening of below two IPOs. Bidding applications will be open till Thursday, October 10:
- Shiv Texchem IPO
The Shiv Texchem is in the business of importing and distribution of Hydrocarbon based chemicals. IPO is also scheduled to open for subscription between October 8 and October 10. This offering, valued at ₹101.35 crores, consists solely of a fresh issue of 61.06 lakh shares.
The price range for the shares is set between ₹158 and ₹166 per share. Vivro Financial Services Private Limited is serving as the lead manager for this IPO, with Link Intime India Private Ltd overseeing the registrar services. Rikhav Securities has been designated as the market maker.
Allotment is expected to be completed by Friday, October 11. Shiv Texchem IPO is expected to list on BSE SME
It is expected to be listed on October 15.
2. Garuda Construction and Engineering IPO
The Garuda Construction and Engineering IPO will also be open for bidding from October 8 to October 10. This is a book-built issue with a total size of ₹264.10 crores, including a fresh issuance of 1.83 crore shares worth ₹173.85 crores and an offer for sale of 0.95 crore shares, totalling ₹90.25 crores.
The price range for the IPO has been set between ₹92 and ₹95 per share. Corpwis Advisors Private Limited is acting as the lead book-running manager, while Link Intime India Private Ltd will handle the registrar duties.
Similar to Shiv Texchem, it is also expected to be listed on October 15.
Disclaimer – In no way we endorse investment in any funds or stocks. It is an informational article only with regards to timelines.