As the financial world keeps changing there’s a lot of excitement, in the market about the Initial Public Offerings (IPOs) scheduled to launch in March 2024. These IPOs cover sectors and companies giving investors an opportunity to be part of the growth journey of businesses. Let’s dive into new IPOs to watch out in March.
New IPOs to watch out in March 2024
R K SWAMY
R K Swamy is an Indian-owned integrated marketing services provider planning to raise around ₹424 crores via IPO with an issue of ₹173 crores and offering up to 8,700,000 equity shares at ₹5 each and is one of the new IPOs to watch out in March. Retail investors make up 10% of QIB stands at 75%. Hni is at 15%.
JG Chemicals
Known as a leading zinc oxide manufacturer in India by production and revenue using the process they aim to raise ₹251.19 crores through their IPO with a fresh issue of ₹165 crores and offering up to 11,366,063 equity shares at ₹10 each. Retail allocation sits at 35% QIB is at 50%. Hni stands at 15%.
Gopal Snacks
This FMCG company based in Rajkot, India plans to raise about ₹650 crores through its IPO with an offer for sale totaling up to ₹650 crores of shares priced at ₹1 each. The retail allocation is set at 35% while QIB stands at 50% and HNI at 15%. It is surely among the best new IPOs to watch out in March.
Popular Vehicles
Popular Vehicles & Services a known car dealership in India, aims to generate around ₹601.55 crores via IPO. This includes an offering of ₹250 crores and the sale of a maximum of 11,917,075 equity shares at ₹2 per share. Retail participation is at 35%, QIB at 50%, and HNI at 15%.
Krystal Integrated
One of India’s leading integrated facilities management services companies, aiming to raise approximately ₹[.] crores through IPO, comprising a fresh issue of ₹175 crores and an offer for sale of up to 1,750,000 equity shares at ₹10 each. Retail allocation stands at 35%, QIB at 50%, and HNI at 15%.
