Wire manufacturing company is going to make a splash, will make you rich through IPO! - Newztezz Online


Sunday, September 10, 2023

Wire manufacturing company is going to make a splash, will make you rich through IPO!

If you also want to earn big money from the stock market. So next week may help you. Next week, a company manufacturing electrical wires is coming with its IPO. Along with this, 2 more IPOs are going to hit the market.

Want to make money in stock market? So next week you should keep an eye on the IPO of these companies. Their shares can make you huge money in a short time. One of these companies is a big company manufacturing electrical cables and other goods, whose IPO is worth about Rs 2000 crore. Understand this in such a way that the company which has been protecting homes from electric shock can give you the best returns on your investment in one go.

Here we are talking about the IPO of 'RR Cable', Samhi Hotel and Chavda Infra coming next week. These three IPOs are opening next week and their total size is around Rs 3200 crore. Let us know their complete details

RR Kabel IPO

The IPO of cable company RR Cable is opening on 13 September. You will get a chance to invest in it till 15th September. Anchor investors will get a chance to buy its shares a day earlier i.e. on 12th September. The size of the company's IPO is Rs 1964 crore1.

RR Cable has kept the share price band for the IPO at Rs 983-1035. The company will release new shares worth Rs 180 crore. Whereas shares worth Rs 1784 crore will be in offer for sale. With the money received from this IPO, the company will eliminate its loan of Rs 136 crore.


The IPO of Samhi Hotels is also opening this week i.e. on 14th September. People will have a chance to invest in it till September 18. In this IPO the company will issue new shares worth up to Rs 1200 crore. Whereas 1.35 crore shares will be kept for offer for sale. The company has not yet given the details of its price band.

Samhi Hotels owns properties like Hyatt Regency-Pune and Courtyard by Marriott-Bengaluru. The company will use about Rs 900 crore of the IPO proceeds to repay the loan. In the offer for sales, a company like Goldman Sachs will sell its 49.31 lakh shares.

Chavda Infra IPO

The IPO of Gujarat's Chavda Infra will be open from September 12 to September 14. Totally 66.56 lakh new shares will be issued in this IPO. In this, 50% shares have been kept for qualified institutional buyers, 15% for high net-worth individuals and 35% for retail investors. For this, the company has fixed the share price band at Rs 60 to Rs 65 per share.

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