Next week you will get three opportunities of earning in the market, know every information related to them
One after the other, many companies are taking their IPOs in the stock market. Issues have proved to be a big earning opportunity for investors many times, so a section of the investors keeps looking for opportunities in the primary market itself. If you are also such an investor or expect to earn something from a small amount, then next week can be 3 opportunities for you. In the stock market from November 7 to November 11, 3 companies are coming with their issues. If you want to invest, then below is the important information related to it, which you can take advantage of.
The IPO of IoT-based electronics manufacturing company Keynes Technology India Limited (KTIL) will open on November 10. Investors will be able to invest money in the IPO till November 14. An issue price of 559-587 has been kept for the issue. The proceeds from the sale of new shares will be used to pay off debt, raise capital for manufacturing plants in Mysore and Manesar and raise working capital. Keynes Technology is a leading Internet of Things (IoT) based integrated electronics manufacturer. It has a total of eight production units across the country.
Five Star Business Finance
The IPO of Five Star Business Finance, a non-banking financial company, will be open from November 9-11, bids for anchor investors will open on November 7. According to the company, the issue price for the Rs 1,960 crore IPO has been fixed at Rs 450-474 per share. The IPO will be an outright offer of sale (OFS) in which existing shareholders and promoters will sell shares worth Rs 1,960 crore. The company provides business loans to small entrepreneurs and self-employed individuals. The company has a strong presence in South India.
The company's IPO will open on November 9. The company has fixed the issue price of Rs 386 to 407 per share. Investors can apply for IPO for a minimum of 36 shares. After this, application can be given only in multiples of 36. Investors can apply for the issue till November 11.