In the upcoming first week of March, three companies are poised to introduce their initial public offerings (IPO) on Dalal Street, marking their foray into the stock market. These companies include RK Swamy, JG Chemicals, and Gopal Snacks Limited, collectively aiming to mobilize a substantial sum of Rs 1,324.85 crore through their respective IPOs.
Commencing the IPO parade is RK Swamy Limited, a company specializing in integrated market communications, which is scheduled to open its public issue on Monday, March 4. The company targets to raise funds amounting to Rs 423.56 crore, with the subscription window closing on March 6. Investors can avail themselves of this opportunity by subscribing to the IPO within a price band ranging from Rs 270 to Rs 288 per equity share. The finalization of share allocation for RK Swamy's IPO is anticipated to occur on March 7, 2024.
Following suit is JG Chemicals, a zinc oxide manufacturer, poised to gather Rs 251.19 crore through its IPO. The subscription for this offering kicks off on March 5 and extends until March 7. With a price band oscillating between Rs 210 to Rs 221 per equity share, JG Chemicals anticipates expanding its operations. Investors with a penchant for opportunities in the chemical sector should closely monitor this IPO. The finalization of share allocation for JG Chemicals' IPO is expected on March 11, 2024.
Lastly, Gopal Snacks Limited, a prominent player in the fast-moving consumer goods sector, is set to enter the IPO arena. Renowned for its diverse range of snack offerings under the esteemed brand 'Gopal,' the company aspires to amass up to Rs 650 crore. The IPO subscription window for Gopal Snacks opens on March 6 and concludes on March 11. Priced between Rs 381 to Rs 401 per share, the IPO presents investors with an opportunity to partake in the growth of the snack industry. The allotment for Gopal Snacks Limited's IPO is anticipated to be finalized by Tuesday, March 12, 2024. Moreover, the IPO is slated for listing on both the BSE and NSE, with a tentative listing date earmarked for Thursday, March 14, 2024.
