Diwali’s festive season is ongoing and many stocks will rise with the rise in the demand of the market. Nowadays every stock market trader is excited to know the best stocks to buy now. If you are also looking for top upcoming IPOs before Diwali 2023 to invest your money, you are at the right place. Mamaearth and Blue Jet Healthcare are two IPOs going to be open before Diwali. We will discuss the Top IPOs to open before Diwali. So, continue reading for more information.
Top Upcoming IPOs Before Diwali 2023:
So as we all know IPO gives a chance to a private company to go public and offer their shares to them for the first time. According to sources, Blue Jet Health Care is going to open its IPO this month. They have decided to open the IPO on 25th October 2023, Wednesday to 27th October 2023 Friday. Another company going for IPO is Mamaearth, as it put its IPO on hold in March. The company will be going again for the IPO before Diwali. Let us discuss these two in detail.
Blue Jet Health Care IPO:
Blue Jet Health Care is a pharmaceutical company that has announced its IPO on 25 October 2023 while the closing date will be 27th October 2023. The investors can purchase in the multiple of 43 with a lot size of 43 Shares. The Price band will be Rs. 329 to 346 per share with a face value of Rs. 2 per share. There will be a total of 24,285,160 shares issued with a value of Rs. 840.27 Crores. The OPS will also be available, the shareholders will be sharing their 24,285,160 shares. These will be listed on the Bombay Stock Exchange and the National Stock Exchange. The share will be 50% reserved for QIB, 35% for retail, and 15% for NII.
Mamaearth IPO Details:
Mamaearth IPO is expected to open in October 2023, but the date is yet to be announced. The fundraising will be 400 crores with an OFS of 46,819,635 shares. The details about the lot size, issue price, and issue date are yet to be announced. There will be both a Fresh issue of shares and an OFS Offer For the Sale of shares. Mamaearth is looking for 2000 crores of valuation for which the company is willing to raise funds. Sequoia, their old investor will also out 150 crores to 200 crores additional for the new round. We will update you as soon as the IPO details of Mamaearth IPO are released. Stay tuned for more information on our website.