2 IPOs to open for public subscription this week: Important things to know

IPO this week ,

Maiden Forgings: Out of total 37,84,000 common share On offer, not more than 17,97,000 equity shares have been reserved for Qualified Institutional Buyers (QIBs). A total of 5,39,100 shares have been reserved for Non-Institutional Investors (NIIs) and the rest for retail individual investors.

Nishant Garg, Managing Director, Maiden Forgings Ltd. said, “This IPO helps us achieve our long-term objectives of developing specialty steels for import substitution in India and expanding into new export markets while delivering superior quality products to our customers. will enable.”

The book running lead manager to the issue is Share India Capital Services Pvt Ltd and the registrar to the issue is Mashitla Securities Pvt Ltd, the statement said.

Udayashivkumar Infra: IPO comprises fresh issue of equity shares in total 66 crores.

The proceeds of the issue will be used for incremental working capital requirements and for general corporate purposes.

VK Vijayakumar, chief investment, said, “With Nifty down nearly 10 per cent from its peak in 2023 and weak performance in other markets, the sentiment has turned negative. This is not a favorable time for IPOs, however, attractively priced IPOs are attractive to investors.” will attract.” said strategist at Geojit Financial Services.

Udayashivkumar is in the business of construction of infra roads. It bids for roads, bridges, canals and industrial sector construction projects in Karnataka, including government departments.

The shares of the company will be listed on BSE and National Stock Exchange (NSE).

with agency inputs