Rakesh Jhunjhunwala-backed Nazara Tech among 5 IPOs to hit markets this week


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Dwelling >Markets >Ipo >Rakesh Jhunjhunwala-backed Nazara Tech among 5 IPOs to hit markets this week

New Delhi: Riding on the upbeat market sentiment, as many as five companies are space to reach out with preliminary public provides this week to grab an estimated 3,764 crore. Craftsman Automation and Laxmi Organics Industries will launch their preliminary portion-sale programmes on Monday while that of Kalyan Jewellers India will start on Tuesday. IPOs of Suryoday Minute Finance Bank and Nazara Applied sciences will initiate on Wednesday, files with the exchanges confirmed.

Shares of these companies will be listed on BSE and NSE.

1) Craftsman Automation IPO

Automaker Craftsman Automation's 824-crore IPO comprises a fresh area of fairness shares aggregating up to 150 crore and a proposal within the marketplace (OFS) of up to 45,21,450 shares by the promoter and fresh shareholders. The topic, with a trace band of 1,488-1,490 a portion, will start on March 15 and shut on March 17.

2) Laxmi Organics' IPO

Laxmi Organics' IPO contains fresh issuance of shares aggregating to 300 crore and a proposal within the marketplace value 300 crore by the promoter Yellow Stone Believe. The value band has been fastened at 129-130 per portion for the IPO, which can start for public subscription all the absolute top blueprint thru March 15-17.

Kalyan Jewellers IPO

The 1,175-crore IPO of Kalyan Jewellers India Ltd comprises issuance of fresh fairness aggregating up to 800 crore and a proposal within the marketplace value 375 crore. The firm has space the value band at 86-87 a portion for the preliminary portion-sale, which can cease on March 18.

Suryoday Minute Finance Bank IPO

The IPO of Suryoday Minute Finance Bank comprises fresh issuance of 81,50,000 fairness shares and a proposal within the marketplace of up to 1,09,43,070 fairness shares by fresh shareholders. The financial institution has fastened a trace a band of 303-305 a portion for its preliminary portion sale, which can start for public subscription on March 17 and cease on March 19.

Nazara Applied sciences IPO

Gaming agency Nazara Applied sciences' 583-crore public area will ogle the sale of 52,94,392 fairness shares by the promoters and fresh shareholders. The firm, backed by ace investor Rakesh Jhunjhunwala, is popularly identified for its games on World Cricket Championship and Motu Patlu series. The firm's IPO will be start for subscription all the absolute top blueprint thru March 17-19 with a trace band of 1,100-1,101 a portion for the world.

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