Upcoming IPOs: While LIC’s IPO applicants await the insurance giant’s listing next week, three more IPOs (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 for the IPO of Paradeep Phosphates will open on May 17, 2022, while the IPO of Ethos and EMudhra will open on May 18 and 20, respectively. These three public issues together are meant to aim to rise up €2387 crore out of Paradeep Phosphates IPO size €1501 crore, Ethos IPO size is €472 crore and eMudhra IPO aims to raise around €412 million.
Here we list key details about the three upcoming IPOs:
1]IPO of Paradeep Phosphates: Then worth public spending €1501 crore will open on May 17, 2022 and will remain open for bids until May 19, 2022. The urea-free fertilizer maker has set the price range for its IPO of Paradeep Phosphates to €39 to €42 per common share. A bidder can apply for the public offering in lots, and one lot of Paradeep Phosphates’ IPO will consist of 350 shares of the company. The public offering is to be listed on both the NSE and the BSE. The preliminary dates for Paradeep Phosphates’ IPO allotment are May 24, 2022, while the most likely date for Paradeep Phosphates’ public listing is May 27, 2022.
2]IPO of Ethos: The public issue will be open for subscription on May 18, 2022 and will remain open for subscription until May 20, 2022. The price range of the 472 crore public issue has been fixed €836 bis €878 per share. A bidder can apply for the public offering in lots and one lot of Ethos’ IPO will consist of 17 company shares. The public offering is to be listed on both the NSE and the BSE. The preliminary dates for Ethos’ IPO allotment are May 25, 2022, while the most likely date for Paradeep Phosphates’ public listing is May 30, 2022.
3]IPO of eMudhra: The public issue will be open for subscription on May 20, 2022 and will remain open for subscription until May 24, 2022. The price range of the public issue worth 4.12 billion has been set €243 to €256 per share. A bidder can apply for the public offering in lots and one lot of the eMudhra IPO will include 58 company shares. The public offering is to be listed on both the NSE and the BSE. The preliminary dates for Ethos’ IPO allotment are May 27, 2022, while the most likely date for eMudhra’s public listing is June 1, 2022.
The announcement of the share allotment for the Prudent Corporate IPO, Venus Pipes IPO and Delhivery IPO is also expected next week. Therefore, a lot of action is expected in the primary markets next week.
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