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ipo next week: investors will get triple earnings next week, three companies will get IPO – three ipos worth rs 2387 crore hitting primary market next week check detail here MIGMG News

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New Delhi: Next week is going to be important for investors. Shares of LIC will be listed on May 17. Apart from this, IPOs of three companies are coming up next week. This is a triple opportunity for investors. Fertilizer company Paradip Phosphates will have an IPO on May 17, expensive watch maker Athos will have an IPO on May 18 and e-currency IPO on May 20. The market size of these three companies is Rs 2387 crore.

Paradip phosphates
The IPO of Paradip Phosphates Limited will come on May 17. The IPO was worth Rs 1,501 crore. For this, the company has fixed the price band between Rs 39 and Rs 42. Through the IPO, the central government will sell its 19.55 per cent stake in the company. The IPO will close on May 19. The IPO will issue new shares worth Rs 1,004 crore. The promoters and other shareholders will sell equity shares worth Rs 11.85 crore.

Athos IPO
Athos, the maker of expensive watches, will have its IPO on May 18. The size of this IPO is Rs 472 crore. The price band of this IPO has been fixed at Rs 836 to Rs 878 per share. The IPO will close on May 20. The IPO aims to raise Rs 375 crore. Besides, 11 lakh 8 thousand 37 equity shares will be sold. The proceeds from the IPO will be used for loan repayment and other purposes.
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Emudra IPO
The IPO will open on May 20. The IPO will be bid till May 24. The target is to raise Rs 472 crore through public investment. The price band of this IPO has been kept at Rs 243 to Rs 256 per equity share. E Mudra is an IPO of a Bangalore based company. The existing shareholders and promoters of the company will sell 98.35 lakh shares.
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