5 New IPOs This Week: Check Subscription Date, Allotment Date, Share Price, And More

Following the Tata Technologies IPO and IREDA IPO, an additional six initial public offerings (IPOs) are set to open for subscription this week. These include the Swashthik Plascon IPO, AMIC Forging IPO, Deepak Chemtex IPO, Net Avenue Technologies IPO, and Marinetrans India IPO.

The subscription period for the Marinetrans India IPO, a fixed-price offering of Rs 10.92 crores, begins on November 30, 2023, and ends on December 5. The minimum lot size for an application is 4000 shares, and the price of shares in the Marinetrans India IPO is set at Rs 26 per share.

 

The subscription period for the AMIC Forging IPO will begin on November 29, 2023, and run until December 1, 2023. The pricing range for the AMIC Forging IPO is Rs 121–Rs 126 per share. An investor must place a bid for a minimum of 1000 shares in the lot. December 6 is when AMIC Forging shares will be distributed, and December 7 is when refunds to disappointed investors will start. On December 8, the shares will be credited to the demat accounts of those who qualify. On December 11, 2023, the AMIC Forging will go public on the stock exchange.

 

Net Avenue Technologies initiated its Rs 10.25 crores book-built IPO, welcoming subscriptions from November 30 to December 4, 2023, with a price band of Rs 16 to Rs 18 per share. Successful investors can anticipate share allotments on December 7, 2023, while refunds for unsuccessful applicants commence on December 8. Eligible candidates can expect their shares to be credited to demat accounts by December 11.

The Deepak Chemtex initial public offering (IPO) will go live on November 29, 2023, and end on December 1. Investors must apply for a minimum lot size of 1600 shares, with the IPO price range established at Rs 76 to Rs 80 per share. December 6 is when the selected candidates will receive their Deepak Chemtex shares, and December 7 is when the refund process will start. On December 8, the shares will be credited to the qualifying investors' demat accounts.

Swashthik Plascon's IPO, featuring 4,739,200 equity shares, is open for subscription from November 24 to November 29, 2023. This book-built issue, valued at Rs 40.76 crores, exclusively consists of a fresh offering of 47.39 lakh shares. With a price band ranging from Rs 80 to Rs per share, the minimum lot size for an application stands at 1600 shares.