Upcomig IPO 2024 India: Next week, with the results of the Lok Sabha elections to be announced, India’s IPO market is very excited. With the election uncertainty aside, many companies are moving ahead with their IPO plans. Three new IPOs will hit the market next week, as well as listing of 6 new shares.
Tremendous IPO revenue after election results
Guidance and financial experts believe that the IPO market will become more lively after the results of the Lok Sabha elections. This large trend of IPOs will pick up further post-election due to increased domestic capital, improved governance, and government policies. The IPO market has seen a lot of momentum in the first half of this year, and the same trend is expected to continue.
Upcomig IPO 2024 India in June Month
There is 3 Upcomig IPO 2024 India in june month which is
- Kronox Lab
- Sattrix Information Security
- Magenta Lifecare
Kronox Lab Science
Kronox Lab Science’s IPO will be open from June 3 to June 5. The company has fixed a price band of Rs 129 to Rs 136 for the IPO. Investors can bid for 110 shares in one lot. The IPO is an offer-for-sale only, in which the company will float 95.7 lakh shares and plans to raise approximately Rs 130 crore. 50 percent of the IPO will be available to qualified institutional buyers (QIB), 15 percent to non-institutional investors and 35 percent to retail investors.
Kronox Lab Science operates in the biotech and pharmaceutical sector. The company will use the proceeds from the IPO this year to increase production capacity and adopt new technologies. This will contribute significantly to the development of the company.
Kronox Lab Science Limited IPO Schedule
- IPO Opening Date: 03 June 2024 (Monday)
- IPO Closing Date: 05 June 2024 (Wednesday)
- Bid Time Limit:
- Start: 03 June 2024, 10:00 AM
- Closes: 05 June 2024, 5:00 PM
- UPI Mandate Confirmation Cut-off Time: 05 June 2024, 5:00 PM
IPO Program Dates:
- IPO Opening Date: 03rd June 2024
- IPO Closing Date: 05th June 2024
- Based on allotment: 06th June 2024
- Process of refund to non-allottees: 07th June 2024
- Credit of Shares in Demat: 07th June 2024
- Date of Listing: 10th June 2024
Sattrix Information Security
Sattrix Information Security’s IPO in the SME segment will be open from June 5 to June 7. The share price in the IPO has been fixed at Rs 121 and 18 lakh new equity shares will be issued. Sattrix Information operates in the cyber security sector and is known for its services.
Esk Advisors is the book running lead manager of this IPO and Bigshare Services is the registrar of the IPO. The proceeds from the IPO will be used to expand the company, launch new services and upgrade technology.
Sattrix Information Security Limited IPO Schedule
- IPO Opening Date: 05 June 2024 (Wednesday)
- IPO Closing Date: 07 June 2024 (Friday)
- Bid Time Limit:
- Start: 05 June 2024, 10:00 AM
- Closes: 07 June 2024, 5:00 PM
- UPI Mandate Confirmation Cut-off Time: 07 June 2024, 5:00 PM
IPO Program Dates:
- IPO Opening Date: 05 June 2024
- IPO Closing Date: 07 June 2024
- Based on Allotment: 10 June 2024
- Process of refund to non-allottees: 11 June 2024
- Credit of Shares in Demat: 11 June 2024
- Date of Listing: 12 June 2024
Magenta Lifecare
Magenta Lifecare’s IPO will be open for subscription from June 5 to June 7. The IPO will cost Rs. 7 crores, in which 20 lakh new equity shares will be announced. The IPO price has been fixed at Rs 35 per share. Investors have to bid for a minimum of 4000 shares, for which Rs. 1.40 lakhs will have to be invested. The IPO listing will be on BSE SME.
Magenta Lifecare is engaged in manufacturing and distribution of healthcare and pharmaceutical products. The proceeds from the IPO will be used to increase the company’s production capacity and launch new product lines.
Magenta Lifecare Limited IPO Details
- IPO Opening Date: 05 June 2024
- IPO Closing Date: 07 June 2024
- Lot Size: –
- IPO Size: ₹7.00 crore+
- IPO Price Range: ₹35
- Minimum Investment: –
- Listing Exchange: –
- Based on Allocation: TBA
- Cashback: TBA
- Credit to Demat Account: TBA
- Listing Date: TBA
IPO Market Trends and Future
Capitalization is important for the development of many new projects and units in the IPO market. Companies can easily get the necessary capital for their growth through IPO. Many new and innovative companies have entered the IPO market over the past few years, and have leveraged this platform to raise their capitalization.
The coming time will also see the listing of new projects coming up in the IPO market, which will provide new opportunities to investors. The money raised through IPOs can also be used to expand companies and adopt new technologies, making them more capable and strong.
Guidance for Investors
Investors should consider both the potential returns and risks before investing in IPOs. Investing in IPOs can offer high returns, but also involves high risks. In Upcomig IPO 2024 India, Investors should thoroughly evaluate the company’s performance, future plans, and market conditions. It is more advisable to consult financial experts before investing in the IPO market.
Elections and the IPO market
Upcomig IPO 2024 india, The results of the Lok Sabha elections have a major impact on the IPO market. Post-election policies, government stability, and economic policies will shape the trends of the IPO market. This uncertainty is additional to the IPO market, but it is not predictable how the IPO market will perform.
Experts believe that it is the right time to invest in the IPO market, as the IPO market holds the potential for huge returns and rapid growth. It is important to invest by understanding both the financial benefits and risks of an IPO.
Termination
Upcomig IPO 2024 India, Three new IPOs are hitting the market next week, as well as 6 new share listings. After the election results the IPO market may get more bullish. Before investing in an IPO it is important to have complete information about the company and estimate the market conditions. Upcomig IPO 2024 India companies have got a new way to get the capital they need for their growth. This positive trend in the IPO market can also contribute to the economic growth of the country.
