The Indian stock market may see fresh activity in the week starting Monday, March 16. During this week, three companies are planning to launch their Initial Public Offerings (IPOs).
Out of these three IPOs, two will be in the mainboard segment, giving investors a chance to invest in them. Here are the details of these upcoming public issues.
GSP Crop Science IPO
The IPO of GSP Crop Science will open for investors on March 16. Investors will be able to place their bids until March 18.
Through this IPO, the company plans to raise around ₹400 crore. The price band for the shares has been fixed between ₹304 and ₹320 per share.
Each lot will include 46 shares.
After the IPO process is completed, the company’s shares are expected to be listed on BSE and National Stock Exchange of India on March 24.
Novus Loyalty IPO
The IPO of Novus Loyalty will open for investors on March 17. Investors can apply for this issue until March 20.
The price band for this IPO is set between ₹139 and ₹146 per share. Investors will need to apply for a lot of 1,000 shares.
The company aims to raise around ₹60.15 crore through this public issue. After the issue closes, the company’s shares are expected to be listed on the SME platform of BSE on March 25.
Central Mine Planning IPO
The IPO of Central Mine Planning and Design Institute Limited will open on March 20, and investors will be able to subscribe to it until March 24.
So far, the company has not announced the price band or lot size for its shares.
After the IPO process is completed, the company’s shares are expected to be listed on both the BSE and National Stock Exchange of India on March 30.
