Three IPOs worth ₹2387 crore to hit stock market next week. Details here

Upcoming IPOs: While LIC IPO applicants await share listing of the insurance company next week, three more initial public offerings (Initial Public Offerings) – Paradeep Phosphates IPO, Ethos IPO and eMudhra IPO – will hit the primary market next week. According to the information available on the BSE website, the subscription to Paradeep Phosphates IPO will open on May 17, 2022, while Ethos IPO and EMudhra IPO will open on May 18 and May 20, respectively. These three public issues together aim to lift around 2387 crore of which Paradeep Phosphates’ IPO size is 1501 crore, Ethos IPO size is 472 crore and eMudhra IPO aims to raise around SEK 412 million.

Here we list important details regarding the three upcoming IPOs:

1]Paradeep Phosphates IPO: Then public question worth 1501 crore will open on May 17, 2022 and it will be open for bidding until May 19, 2022. The manufacturer of non-urea fertilizers has set the Paradeep Phosphates IPO price range to 39 more 42 per share. A bidder will be able to apply for the public issue in lots and a lot of Paradeep Phosphates IPO will include 350 corporate shares. It is proposed that the public offering be listed on both the NSE and the BSE. The preliminary launch date for Paradeep Phosphates is May 24, 2022, while the most likely launch date for Paradeep Phosphates is May 27, 2022.

2]Ethos IPO: The public issue will open for subscription on May 18, 2022 and it will be open for subscription until May 20, 2022. The price range for the public issue worth 472 crore has been set at 836 more 878 per share. A bidder will be able to apply for the public issue in lotteries and one lot of Ethos’ IPO will include 17 corporate shares. It is proposed that the public offering be listed on both the NSE and the BSE. Preliminary dates for Ethos ‘IPO allotment are May 25, 2022, while Paradeep Phosphates’ IPO will most likely be May 30, 2022.

3]eMudhra IPO: The public issue will open for subscription on May 20, 2022 and it will be open for subscription until May 24, 2022. The price range for the public issue worth 412 crore has been set at 243 more 256 per share. A bidder will be able to apply for the public offering in lotteries and a lot of eMudhra IPO will include 58 corporate shares. It is proposed that the public offering be listed on both the NSE and the BSE. The preliminary date for the Ethos IPO award is May 27, 2022, while the eMudhra IPO listing date is likely to be June 1, 2022.

Announcement of share allotment for Prudent Corporate IPO, Venus Pipes IPO and Delhivery IPO is also expected next week. So much action is expected next week in the primary markets.

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