Earning Opportunity: Three IPOs will be launched this week, starting tomorrow, keep money ready

Highlights

Five Star Business Finance will raise Rs 1,960 crore through IPO.
Archean Chemical Industries has set a target of raising Rs 1,462 crore from the IPO.
INOX Green Energy Services Limited will raise Rs 740 crore through share sale.

New Delhi. If you also want to invest in Initial Public Offer (IPO), then there is good news for you. This week 3 companies are going to launch their IPO. It will start tomorrow, that is, from November 9 itself. Companies whose IPO will open include (Five Star Business Finance), Archean Chemical Industries and Inox Green Energy Services (IPO).

The IPO of Five Star Business Finance will open on 9 November. Its price band has been fixed at Rs 450-474. Similarly, the price band of Archion Chemical Industries IPO, which was launched yesterday itself, is Rs 386-407. The price band of INOX Green Energy Services IPO, which opens on November 11, has been fixed at Rs 61-65 per share.

Multibagger Stock : 2.70 lakhs made in 17 days worth Rs 1 lakh

Five Star Business Finance IPO to launch tomorrow
The public issue of Five Star Business Finance will open on November 9 and close on November 11. The company will raise Rs 1,960 crore through IPO. This issue will be purely Offer for Sale. Its price band is Rs 450-474. Five Star Business Finance has raised Rs 588 crore through Anchor Book as on November 7, 2022, ahead of the launch of the issue. Shares have been issued at an upper price band of Rs 474 per share. 50 per cent of the five star business finance issue is reserved for qualified institutional investors, 15 per cent for high net worth individuals and the remaining 35 per cent for retail investors.

Archean Chemical Industries IPO
Archean Chemical Industries has also set a target of raising Rs 1,462 crore through IPO. The IPO will launch on November 9 and bidding for the issue can be done till November 11. The price band of the IPO has been fixed at Rs 386-407 per share. New shares worth Rs 805 crore will be issued in the IPO. There will be an offer for sale of 1.61 crore shares.

 

INOX Green Energy IPO to open on 11th
Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its initial public offering (Inox Green Energy Services IPO). The issue will open for subscription on November 11. INOX Green Energy Services Limited will raise Rs 740 crore through share sale. This issue includes a fresh issue of Rs 370 crore and Offer for Sale (OFS) of up to Rs 370 crore. The listing of shares can happen on November 23.

Sula Vineyards IPO gets green signal
India’s largest wine producer Sula Vineyards has got SEBI approval to raise funds through IPO. Sula’s public issue will be purely an offer for sale. The shares of the company will be listed on BSE and NSE. Sula Vineyards will be the first company that manufactures liquor to be listed on the stock exchange. At the same time, it will be the second company to bring an IPO in the alcohol and spirits segment.

 

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