Investing in IPOs can be exciting as it allows investors to buy shares in a company before it goes public. These five IPOs launching in March 2023 offer unique investment opportunities across various sectors.
Labelkraft Technologies
Labelkraft Technologies launched its IPO today. They shall remain open from March 13 to March 15, 2023, with 8.64 lakh equity shares at a price of INR 55 per share, totalling approximately INR 4.75 crore. The face value of the shares is INR 10 per share, and the company will list on the BSE SME exchange.
| IPO Open: | 13 March 2023 |
| IPO Close: | 15 March 2023 |
| IPO Size: | Approx ₹4.75 Crores, 864,000 Equity Shares |
| Minimum Lot Size | 2000 Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹55 Per Equity Share |
| Share IPO Listing on | BSE SME |
Global Surfaces
Global Surfaces launched its IPO on March 13, and the investors can apply for it till 15, 2023, with 85.20 lakh equity shares, including a fresh issue of 85.20 lakh equity shares at a price band of INR 133 to INR 140 per share, totalling approximately INR 155 crore. The face value of the shares is INR 10 per share, and the company will list on both the BSE and NSE exchanges.
| IPO Open: | 13 March 2023 |
| IPO Close: | 15 March 2023 |
| IPO Size: | Approx ₹155 Crores |
| Minimum Lot Size | 100 Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹133 to ₹140 Per Share |
| Share IPO Listing on | BSE & NSE |
Bright Outdoor Media
Bright Outdoor Media, a leading advertising company in India, is set to launch its initial public offering (IPO) on March 14 which shall remain open till March 17, 2023. The IPO will include 38 lakh equity shares at an offer price of INR 146 per share, totalling INR 55.48 crore. The minimum bid (lot size) is 1,000 shares, equivalent to INR 1,46,000. The company has a face value of INR 10 per share, and 50% of the shares are reserved for retail allocation. The IPO will be listed on the BSE SME exchange.
| IPO Open: | 14 March 2023 |
| IPO Close: | 17 March 2023 |
| IPO Size: | 38,00,000 shares (INR 55.48 crore) |
| IPO Minimum Lot Size | 1000 Shares |
| Face Value: | INR 10 per share |
| IPO Price Band: | INR 146 per share |
| Share IPO Listing on | BSE SME |
Quality Foils
In addition to Bright Outdoor Media, several other companies are also set to launch their IPOs in March 2023. Quality Foils will launch its IPO on March 14, and it will remain open till March 16, 2023, for investors to take a decision to invest in it, with 7.54 lakh equity shares at a price of INR 60 per share, totalling approximately INR 4.52 crore. The face value of the shares is INR 10 per share, and the company will list on the NSE SME exchange.
| IPO Open: | 14 March 2023 |
| IPO Close: | 16 March 2023 |
| IPO Size: | Approx ₹4.52 Crores, 754,000 Equity Shares |
| IPO Minimum Lot Size | 2000 Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹60 Per Equity Share |
| Share IPO Listing on | NSE SME |
Nirman Agri Genetics
Nirman Agri Geneticsis all set to launch its IPO on March 15 and the same will close for public investment on March 20, 2023, with 20.51 lakh equity shares at a price of INR 99 per share, totalling approximately INR 20.30 crore. The face value of the shares is INR 10 per share, and the company will list on the NSE SME exchange.
| IPO Open: | 15 March 2023 |
| IPO Close: | 20 March 2023 |
| IPO Size: | Approx ₹20.30 Crores, 2,050,800 Equity Shares |
| Minimum Lot Size | 1200 Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹99 Per Equity Share |
| Share IPO Listing on | NSE SME |
These IPOs provide investors with an excellent opportunity to invest in companies from different sectors, such as advertising, packaging, technology, agriculture, and construction. Before investing, potential investors should carefully review the company’s prospectus and consult with their financial advisors to make informed investment decisions.
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Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing.