Become a logicalchat Member

Latest Post

What are Your Biggest Financial Challenges for Canadians?

Canadians are known for their resilience, but there's no denying that our financial landscape is getting tougher. From rising inflation to staggering housing costs,...

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeNewsIndian NewsIPO Rush! SRM Contractors, TAC Security, Radiowalla Lead Busy Week for Public...

IPO Rush! SRM Contractors, TAC Security, Radiowalla Lead Busy Week for Public Offerings

IPO Rush! Ashish Kacholia’s Radiowalla and Vijay Kedia’s TAC Infosec IPOs Scheduled for March 27th, 13 new companies are going public this week.

Get ready for a busy week in the stock market! 13 new companies are going public this week.

One of the bigger ones is SRM Contractors, which is looking to raise Rs 130.2 crore by issuing new shares at a price between Rs 200 and Rs 210 per share. Their IPO subscription starts on March 26th and closes on March 28th.

There are also several smaller companies going public this week. These IPOs will be open for subscription from March 26th to 28th.

Two interesting upcoming IPOs are Radiowalla, backed by Ashish Kacholia, and TAC Infosec, backed by Vijay Kedia. These IPOs open for subscription on March 27th and close on April 2nd.

New IPOs Opening This Week:

  • Big Names: Watch out for Ashish Kacholia-backed Radiowalla (opens March 27th, closes April 2nd) and Vijay Kedia-backed TAC Infosec (potentially the first pure cybersecurity company listed in India, opens March 27th, closes April 2nd).
  • Other Companies: Yash Optics & Lens, Jay Kailash Namkeen, K2 Infragen, Aluwind Architectural, and Creative Graphics Solutions India are also joining the IPO party this week.

Important Dates to Remember:

  • Closing Soon: Vishwas Agri Seeds (closes March 26th) and Naman In-Store (India) (closes March 27th) IPOs are wrapping up soon, so don’t miss your chance!
  • New Listings: Keep an eye out for Chatha Foods and Omfurn India listing on the stock exchange on March 27th and 28th, respectively.

Investment Highlights:

  • Radiowalla: Price range of Rs 72-76 per share. Kacholia currently holds around 10.6% stake.
  • TAC Infosec: Aims to raise Rs 29.99 crore with a price range of Rs 100-106 per share. Founder Trishneet Arora will hold a majority stake after the IPO.

This is a lot to take in, so be sure to do your research before investing in any of these IPOs!

Must read book about investing – check here

Related Post