IPO Open Latest News: 2 IPOs will be entered in the stock market, read the details before investing – Bollywood Keeda

IPO Open Latest News: Next week, 2 initial public offers i.e. IPOs will be open for listing in the stock market. These include Juniper Hotels Limited and GPT Healthcare Limited. Let us know about the IPOs of these two companies one by one.

Juniper Hotels Limited (IPO Open Latest News)

Juniper Hotels Limited wants to raise ₹1,800 crore through this IPO. For this the company will issue 50,000,000 fresh shares. This is a completely fresh IPO, in which the existing investors and promoters of the company will not sell a single share through Offer for Sale.

Retail investors will be able to bid for this IPO from February 21 to February 23. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on 28 February.

Retail investors can bid for a maximum of 520 shares

Juniper Hotels Limited has fixed the price band of this issue at ₹342-₹360. Retail investors can bid for a minimum of one lot i.e. 40 shares. If you apply for 1 lot at the upper price band of the IPO at ₹360, you will have to invest ₹14,400. At the same time, retail investors can apply for a maximum of 13 lots i.e. 520 shares. For this, investors will have to spend ₹ 187,200 as per the upper price band.

Juniper Hotels premium in gray market 2.78%

Before the opening of the IPO, the company’s shares had reached a premium of 2.78% i.e. ₹ 10 per share in the gray market. In such a situation, according to the upper price band of ₹ 360, its listing can be at ₹ 370. Although this is just an estimate, the listing price of a share is different from the gray market price.

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