Upcoming IPOs: Three initial public offerings (IPOs) – Prudent Corporate Advisory Services, Delhivery and Venus Pipes & Tubes Limited will hit the primary market next week. Prudent Corporate Advisory Services’ public offering will be the first IPO to open next week. The IPO of Prudent Corporate will open on May 10, 2022, while the public offerings of Delhivery and Venus Pipes & Tubes will open on May 11, 2022.
These three upcoming IPOs aim to generate approximately ₹6,000 crore from their respective public offerings as the IPO size of wealth management firm Prudent Corporate is ₹538.61 crore Venus Pipes & Tubes IPO size is ₹165.42 crore as Delhivery IPO reportedly aims to garner ₹5,235 crore from its public issuance.
Here we list the important details of three IPOs respectively:
Delhivery IPO Details: The public issue is worth ₹5,235 crore will open on May 11, 2022 and it will remain open for auction until May 13, 2022. The logistics services company has set the price range for its public offering at ₹462 to ₹487 per share. A bidder will be able to apply for the IPO in batches and one batch will consist of 30 shares of the company. A bidder can bid for a minimum of one lot and a maximum of 13 lots. The provisional date for announcing the allocation of shares is May 19, 2022, while its listing is offered on both NSE and BSE. The likely listing date for the shares is 24 May 2022. Link Intime India Private Ltd has been appointed as the official registrar for the public issue.
Venus Pipes & Tubes IPO Details: The public offer is worth ₹165.42 crores will be open for subscription on May 11, 2022 and will remain open for auction until May 13, 2022. Venus Pipes & Tubes Limited has set the price range for its public offering at ₹310 to ₹326 per share. A bidder will be able to apply for the IPO of Venus Pipes & Tubes in lots and one lot will consist of 46 Venus Pipes & Tubes shares. A bidder can bid for a minimum of one lot and a maximum of 13 lots. The provisional date for announcing the allocation of shares is May 19, 2022, while its listing is offered on both NSE and BSE. The probable date of quotation of the shares is May 24, 2022. KFin Technologies Limited has been appointed as the official registrar of this public issue.
Prudent Corporate IPO details: The public issue is worth ₹538.61 crores will hit the primary markets on May 10, 2022 and will remain open for subscription until May 12, 2022. The price range for this public offering has been set at ₹595 to ₹630 per share. A bidder will be able to apply for IPO in batches and one batch will consist of 23 shares of the company. A bidder can bid for a minimum of one lot and a maximum of 13 lots. The provisional date for announcing the allocation of shares is May 18, 2022, while its listing is offered on both NSE and BSE. The likely listing date for the shares is 23 May 2022. Link Intime India Private Ltd has been appointed as the official registrar for the public issue.