Upcoming IPO: SEBI Approves 3 Public Listings, Check Where to Invest

Upcoming IPO: SEBI has approved three major IPO plans, which are now ready to rock the market. On August 30, SEBI issued observation letters for the IPO of SK Finance, Belstar Microfinance, and Transrail Lighting. In this video, we will delve more into these three upcoming anticipated IPOs, their price band, opening dates, and more.

Upcoming IPO 2024

The first company, SK Finance will bring the biggest IPO this time. SK Finance is planning to raise Rs 2,200 Cr, including an equity share of Rs 500 Cr and an offer for sale of Rs 1,700 Cr. The second company is Transrail Lighting, a construction company that will bring a fresh issue of Rs 450 Cr. The third company is Belstar Microfinance, which is a subsidiary of Muthoot Finance. Belstar plans to raise Rs 1,300 Cr, including an offer for sale of Rs 1,000 Cr and an offer for sale of Rs 3,000 Cr. Book running leads for these IPOs include ING Ventures Pvt Ltd, ICICI Securities, and Kotak Mahindra Capital Co Ltd.