Amidst anticipation in the Indian stock market, have you been keeping a watch on the upcoming IPO listing this week? Popular Vehicles & Services and Krystal Integrated Services are set for their IPO listings. Let us take a look at their IPOs and important dates.
Popular Vehicles IPO
Popular Vehicles & Services IPO raised Rs 601.55 crores through a book-built issue. It comprises a fresh issue of 0.85 crore shares worth Rs 250.00 crores and an offer for sale of 1.19 crore shares worth Rs 351.55 crores.
Bidding for Popular Vehicles & Services IPO began on March 12, 2024, and closed on March 14, 2024. Its IPO Allotment was finalised on March 15, 2024.
Popular Vehicles IPO Listing date is March 19th, 2024. It will list on BSE and NSE.
The IPO price band is ₹280 to ₹295 per share with a minimum lot size of 50 shares, requiring ₹14,750 for retail investors. SNII’s minimum lot size is 14 lots (700 shares) at ₹206,500, and bNII’s is 68 lots (3,400 shares) at ₹1,003,000.
The issue reserves up to 37,453 shares for employees at a discounted price of Rs 28 per share.
Book-running lead managers are ICICI Securities Limited, Nuvama Wealth Management Limited, and Centrum Capital Limited, with Link Intime India Private Ltd as the registrar.
Krystal Integrated Services IPO
Krystal Integrated Services IPO for 2024 is worth Rs 300.13 crores. It comprises a fresh issue of 0.24 crore shares valued at Rs 175.00 crores and an offer for sale of 0.18 crore shares valued at Rs 125.13 crores.
Subscription for Krystal Integrated Services IPO opened on March 14, 2024, and closes today, March 18, 2024.
Krystal Integrated Services IPO listing date is March 21st, 2024. It will list on BSE and NSE.
As per the reports, traders expect its allotment on Tuesday, March 19, 2024.
Krystal integrated services IPO price band is ₹680 to ₹715 per share, with a minimum lot size of 20 shares, requiring ₹14,300 for retail investors. SNII’s minimum lot size is 14 lots (280 shares) at ₹200,200, and for BNII, it’s 70 lots (1,400 shares) at ₹1,001,000.
Krystal Integrated Services Limited provides management services. It offers a wide range of services, such as gardening, mechanical, electrical, housekeeping, sanitation, landscaping, plumbing services, waste management, etc.
Upcoming IPOs This Week
As we step into the third week of March, attention is on the upcoming IPOs and upcoming IPO listing this week. Currently, no mainline IPOs are launching this week. However, it’s wise to stay vigilant as new companies could enter the IPO market soon.
Conclusion
As the curtain falls on another eventful week in the Indian stock market, the IPOs of Popular Vehicles & Services and Krystal Integrated Services have captured the attention of investors nationwide. Mark your calendars for March 19th and March 21st. Investors must closely see how these new market entrants perform, setting the tone for upcoming IPOs.
Source- moneycontrol.com
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.