Exciting IPOs This Week: Hyundai Motor India & More – Don’t Miss Out!

Baishakhi Mondal

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Exciting IPOs This Week: Hyundai Motor India & More – Don't Miss Out!

Upcoming IPOs: The primary market has been buzzing with significant listings in both the main board and small- and medium-sized enterprise (SME) segments recently. Investors have shown robust engagement through subscriptions and listings, particularly in October’s third week, which promises to be vibrant with new listings and initial public offerings (IPOs) that are set to open for subscription.

Among the key IPOs currently available, the Pranik Logistics IPO is set to close for subscription on October 14, 2024. It’s essential to keep an eye on companies that will be opening for subscriptions this week and those that are preparing for their stock market debut. Notably, the Hyundai Motor India IPO will commence bidding this week in the mainboard segment, while the Afcons Infrastructure IPO will also be available soon, although its specific dates have not yet been disclosed.

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Also Read: Detailed insights on the Hyundai Motor India IPO are available. This includes critical information regarding its GMP, pricing, and whether it’s a suitable investment opportunity as it opens for subscription next week.

Here’s a rundown of the new SME IPOs launching for subscription this week:

1.Hyundai Motor India IPO

The Hyundai Motor IPO is a substantial book-built issue, valued at 27,870.16 crore. This offer is solely for the sale of 14.22 crore shares. The subscription for the Hyundai Motor IPO will open on October 15, 2024, and close on October 17, 2024.

2.Lakshya Powertech IPO

The Lakshya Powertech IPO is another book-built issue valued at 49.91 crore. This is an entirely fresh issue comprising 27.73 lakh shares, opening for subscription on October 16, 2024, and closing on October 18, 2024. Allotment for this IPO is anticipated to be finalized on Monday, October 21, 2024.

3.Freshara Agro Exports IPO

The Freshara Agro Exports IPO consists of a book-built issue valued at 75.39 crore, comprising entirely of a fresh issue of 64.99 lakh shares. This IPO will open for subscription on October 17, 2024, and will close on October 21, 2024. Allotment is expected to be finalized on Tuesday, October 22, 2024.

New Listings:

1.Garuda Construction and Engineering Limited

The shares from this mainboard IPO will debut on the stock exchanges BSE and NSE, with a tentative listing date set for Tuesday, October 15, 2024.

2.Pranik Logistics Limited

The SME IPO for Pranik Logistics is closing for subscription on October 14, 2024, with its allotment expected to be finalized on Tuesday, October 15, 2024. Shares of Pranik Logistics are set to list on NSE SME, with a tentative listing date of Thursday, October 17, 2024.

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