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- Upcoming IPO Details Update; Interarch Building Products | Orient Technologies IPO
Mumbai6 minutes ago
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This week, 2 Initial Public Offers (IPOs) will open for listing in the stock market. These include Interarch Building Products Limited and Orient Technologies. We are telling you about both these IPOs, so that you can invest in them according to your convenience.
Interarch Building Products Limited IPO will open on August 19
The Initial Public Offer (IPO) of Interarch Building Products Limited will open on Monday, August 19. Investors will be able to bid for shares till August 21. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 26.
Through this issue, the company wants to raise a total of ₹ 600.29 crore. For this, Interarch is issuing 2,222,222 new shares worth ₹ 200 crore. At the same time, the existing investors of the company are selling 4,447,630 shares worth ₹ 400.29 crore through Offer for Sale i.e. OFS. Read full news
What is the minimum and maximum amount that can be invested?
Interarch Building Products has fixed the price band of this issue at ₹850-₹900. Retail investors can bid for a minimum of one lot i.e. 16 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹900, then you will have to invest ₹14,400 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 208 shares. For this, investors will have to invest ₹ 187,200 according to the upper price band.
Orient Technologies IPO will open on August 21
The initial public offering (IPO) of IT solutions providing company Orient Technologies will open on August 21. Investors will be able to bid for shares till August 23. The company wants to raise Rs 214.76 crore through this issue. For this, Orient will sell a total of 10,425,243 shares.
In this, 5,825,243 fresh shares worth Rs 120 crore and the existing investors of the company are selling 4,600,000 shares worth Rs 94.76 crore through Offer for Sale i.e. OFS. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 28.
What is the minimum and maximum amount that can be invested?
Orient Technologies has fixed the price band of this issue from Rs 195 to Rs 206. Retail investors can bid for a minimum of one lot i.e. 72 shares. If you apply for 1 lot as per the upper price band of the IPO of Rs 206, then you will have to invest ₹ 14,832 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 936 shares. For this, investors will have to invest Rs 1,92,816 according to the upper price band. Read full news
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.