- Year 2021 has been tremendous for the IPO market
- Many company IPOs gave bumper returns to investors
- Hope to return to IPO market once again in the new year
New Delhi. The IPO market, which has been sluggish for the last few weeks, is about to return once again. Lifestyle products major Fab India plans to raise Rs 4,000 crore through an initial public offering (IPO).
For this, the company applied to the market regulator SEBI on Saturday. According to the draft proposal submitted for approval of the Securities and Exchange Board of India (SEBI), new shares worth Rs 500 crore will be issued in this offer. Apart from this, FabIndia will also offer sale of 2,50,50,543 old shares. Market sources said that FabIndia is expected to raise Rs 4,000 crore from this IPO.
There is also a plan to gift seven lakh shares of the promoters of the company to the artists and farmers closely associated with the company’s business. The draft resolution on the IPO said that as a token of gratitude to certain farmers and artists associated with the company or its subsidiaries, the two promoters of FabIndia, Bimal Nanda Bisel and Madhukar Kheda, would be given 4,00,000 shares and 3,75,080 shares respectively. want.
Keep an eye on the IPO of these companies as well
The IPO of Adani Wilmar, one of the most prominent companies of the Adani Group, is going to open on January 27. Investors can bid in this IPO till January 31, 2022. Adani Wilmar’s IPO is worth ₹3600 crores. The price band of this IPO has been fixed at Rs 218 to 230 per equity share. Shares of Adani Wilmar will be listed on both NSE and BSE. Along with this, another company Safa Systems and Technologies Limited is also bringing its IPO. Investors will also be able to invest in this from January 28.
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