This week, there’s going to be a lot happening in the stock market with new companies offering shares to the public.
Six new companies will start selling their shares, and five more will have their shares available for people to buy.
These companies aim to raise more than Rs 3,000 crore from selling shares to the public this week.
Three of these new companies will offer shares through the main stock market.
Starting from February 26th, three companies—Platinum Industries, Exicom Tele Systems, and Bharat Highways Infrastructure Investment Trust—will offer shares to the public.
These three companies together plan to raise more than Rs 3,000 crores.
Meanwhile, in another segment, three companies—Purva Flexipack, Owais Metal and Mineral Processing, and MVK Agro Food Products—are also offering shares.
Xicall Tele Systems is one of the companies offering shares. Their IPO is worth Rs 429 crore and will be available from February 27th to February 29th.
They plan to raise Rs 329 crore by selling new shares and 70.42 lakh shares from existing shareholders. The price range for their shares is between Rs 135 to Rs 142 per share.
Another company, Platinum Industries, will also offer shares starting from February 27th to February 29th.
They aim to raise Rs 235 crore by selling new shares. The price range for their shares is between Rs 162 to Rs 171 per share.
The biggest IPO of the week is Bharat Highways InvIT, which aims to raise Rs 2,500 crore.
Their IPO will be available from February 28th to March 1st, with shares priced between Rs 98 to Rs 100.
Additionally, shares of five other companies—Juniper Hotels, GPT Healthcare, Deem Roll Tech, Zenith Drugs, and Sadhav Shipping—will be available for purchase during the week.
