IPO next week: investors will get triple earnings next week, three companies will get IPO – three IPOs of Rs 2387 crore knocking in the primary market next week, see details here ProIQRA News

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New Delhi: Next week is going to be crucial for investors. LIC shares will be listed on May 17. Apart from this, IPOs of three companies are coming next week. This is a triple chance for investors. Fertilizer company Paradip Phosphates IPO will be held on May 17, costly watch maker Ethos IPO on May 18 and e-currency IPO on May 20. The market size of these three companies is Rs 2387 crore.

Paradip Phosphate
The IPO of Paradip Phosphates Limited will come on May 17. The value of the IPO was Rs 1,501 crore. For this, the company has fixed a price band between Rs 39 and Rs 42. Through the IPO, the central government will sell its 19.55 percent stake in the company. The IPO will close on May 19. The IPO will issue fresh shares worth Rs 1,004 crore. Promoter and other shareholders will sell equity shares worth Rs 11.85 crore.

ethos ipo
The IPO of high-end watch maker Athos will take place on May 18. The size of this IPO is Rs 472 crore. The price band of this IPO has been fixed at Rs 836 to Rs 878 per share. The IPO will close on May 20. The target of the IPO is to raise Rs 375 crore. Also 11 lakh 8 thousand 37 equity shares will be sold. The proceeds from the IPO will be used for loan repayment and other purposes.

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eMudra IPO
The IPO will open on May 20. The bidding for the IPO will be held till May 24. The target is to raise Rs 472 crore through public investment. The price band of this IPO has been kept at Rs 243 to Rs 256 per equity share. E Mudra is an IPO of a Bangalore based company. The existing shareholders and promoters of the company will sell 98.35 lakh shares.
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