InvestorQ : Can you tell me about the 3 IPOs that are opening for subscription in the coming week?
Mahima Roy made post

Can you tell me about the 3 IPOs that are opening for subscription in the coming week?

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2 days ago
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The big news in the coming week is the listing of the LIC IPO on 17th of May. However, there are also 3 fresh IPOs that will open in the coming week viz. IPOs of Paradeep Phosphates, Ethos and e-Mudhra. Between them, the 3 IPOs will raise Rs2,387 crore. This includes fund raising of Rs1,501 crore by Paradeep Phosphates IPO, Rs472 crore by Ethos IPO and Rs412 crore by e-Mudhra IPO. Here is a quick peak at each of the IPOs.

· Paradeep Phosphates IPO Rs.1,501 crore IPO will open on 17th May 2022 and will close for bidding on 19th May 2022. The price band of the Paradeep Phosphates IPO has been set in the range of Rs39 to Rs42 per share. The minimum lot size will be for 350 shares. While the Paradeep Phosphates basis of allotment will be finalized on 24th May 2022, the IPO is likely to be listed on 27th May 2022. It will be a fresh issue plus an OFS.

· Ethos IPO will open on 18th May 2022 and will close for subscription on 20th May 2022. The company has fixed the price band for the Rs472 crore IPO at the range of Rs836 to Rs878 per share. Retail investors can apply for the IPO in minimum lot size of 17 shares. The basis of allotment for the Ethos IPO is likely to be fixed on 25th May 2022 whereas the listing date for the IPO is likely to be 30th May 2022.

· E-Mudhra IPO will open for subscription on 20th May 2022 and will close for subscription on 24th May 2022. The issue size will be Rs412 crore and the price band for the IPO has been set in the range of Rs243 to Rs256 per share. The e-Mudhra IPO will have a minimum lot of 58 shares. The basis of allotment will be finalized on 27th May 2022 and the listing date is expected on 1st June 2022

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