New Delhi: Are a few days left for the new year to start? Still, before that IPO, investors will get another investment opportunity in the stock market.
So, two IPOs of Allin Electronics and Keffin Technologies are about to open.
Both companies plan to raise Rs 1975 crore from the capital market.
The IPO of Kevin Technologies (KFintech IPO) will open on December 19, and the IPO of Elin Electronics Limited (Elin Electronics IPO) will open on December 20.
KFintech IPO
The subscription to Kfintech IPO will open for the general public on December 19, 2022.
The company is expected to get Rs 1500 crore from the IPO. The price band for the IPO has been kept at Rs 347-366 per share.
This entire IPO will be OFS, which means that all the money from the IPO will go to the promoters and investors.
It is expected to get the allotment by December 26, 2022, and the shares can be listed by December 29, 2022.
Elin Electronics IPO
The public issue of Elin Electronics will open on December 20, 2022. This IPO will open for general investors on December 20.
The company is expected to get Rs 475 crore from this IPO. This includes the new issue of Rs 175 crore and OFS of Rs 300 crore.
The stock can be listed on NSE and BSE on December 30.
IPO queue in 2022
According to the information on BSE, 83 IPOs were listed in the stock market in 2022; 63 IPOs were listed in positive, while 20 were listed in negative territory.
After listing, out of 83 IPOs, 68 companies are trading above their issue price, while 15 are trading below their issue price.
