The primary market saw a wave of IPO launch in March. In the upcoming weeks three companies are going to launch their IPOs. This will elevate the current total IPO raised amount to Rs 1325 crore. The company names include Gopal Snacks, RK Swamy, and JG Chemicals.Â
Market experts says “March is expected to usher in a wave of IPOs”. This will offer more than enough opportunities for exploration and investment”. So far this year, 16 companies have launched their IPOs to deploy 13,000 crore. Mukka Proteins has an initial share sale of Rs 224 crore covered to conclude on 4 March.
Gopal Snacks IPO
Gopal Snacks was founded in 1999 and has become the fastest-growing consumer goods company. It offers Namkeen, Snakes, and other products across India and Internationally. 617 distributors sell their product in 10 States and Union Territories. The mainboard issues the subscription on 6 March 2024 and closes on 11 March 2024. The book build issue of Gopal Snacks IPO is ₹650 crore, on an offer of 1.62 crore sale shares.
RK Swamy IPO
The subscription opened by mainboard issue on 4 March 2024 and closes on 6 March 2024. RK Swamy IPO has a book-built issue of ₹423.56 crore. The problem combines a fresh issue of 0.6 crore shares aggregating to ₹173.00 crores and an offer for sale of 0.87 crore shares aggregating to ₹250.56 crore. RK Swamy IPO mobilized ₹187 crores from marquee investors in the anchor round ahead of the issue.
JG Chemicals IPO
The Mainboard issue opens for subscription on 5 March 2024 and closes on 7 March 2024. JG Chemicals IPO has a book-built issue of ₹251.19 crore. M.V.K. Agro Food IPO and Mukka Proteins IPO will close their bidding on 4 March, while others will open their subscription. Only some other companies will be listed on the stock exchange in March next week.
