highlights
Two companies are preparing to bring their IPO.
The company submitted documents for the IPO in April.
In such a situation, you will have a great chance to earn.
New Delhi. The stock market had brought IPOs of many companies in 2022. Some of these IPOs disappointed the investors, while there were many IPOs which made the investors rich. If you also want to invest in IPO and haven’t been able to do so yet, don’t be discouraged. This year also IPO is out. Two companies are preparing to bring their IPO.
In such a situation, you will have a great chance to earn. If you want to invest in IPO (Upcoming IPO in 2023), then arrange the money from now. Let us tell you which companies can bring their IPO.
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IPO of TVS Supply Chain Solutions will come
TVS Group company TVS Supply Chain Solutions has received capital market regulator SEBI’s nod to raise funds through an initial public offering (IPO). According to the draft proposal of the IPO, fresh equity shares up to Rs 750 crore will be issued in the issue. Apart from this, the promoters and existing shareholders will make an offer for sale (OFS) of more than two crore equity shares.
Among the sellers in the OFS are Omega TC Holdings Pte Ltd, Tata Capital Financial Services Ltd, Mahogany Singapore Company Pte Ltd and TVS Motor Company Ltd. The company had submitted documents for the IPO in April and received approval from the Securities and Exchange Board of India (SEBI) on 18 July.
Pyramid Technoplast IPO
Market regulator SEBI has also approved the IPO of another company Pyramid Technoplast. The company will issue 55 lakh fresh equity shares. Along with this, the promoters will sell their shares in the Offer for Sale (OFS). Under this, 37,20,000 equity shares will be sold. The face value of the equity shares has been fixed at Rs 10.
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Tags: IPO, share market, stock market
FIRST PUBLISHED : July 25, 2023, 16:30 IST