Big Opportunity in IPO Market 2021: In the current week of January 2021, companies are launching IPOs one after another. In this entire week, from January 18 to January 25, the IPO is going to be out in the market. IRFC has launched an IPO on January 18, Indigo Paint on January 20 and Home First Finance Company on January 21 are going to bring their IPO. Is it going to earn from the IPO market this year like 2020? Experts are still looking positive on this matter. In such a situation, you can also take full advantage of the primary market this week. Know the details of the IPO of the three companies ……
(Price band 25-26 rupees)
The Indian Railway Finance Corporation (IRFC), a subsidiary of Indian Railways, has an IPO of 4600 crores opened on 18 January, in which investments can be made till 20 January. It got 66 percent subscription on the first day. The company has fixed the price band for IPO at Rs 25-26 per share. In this issue, it will be necessary to bid for at least 575 equity shares. Money can be put in an IPO for a maximum of 13 lots.
What should be invested?
On IRFC’s IPO, brokerage houses Religare Broking and Angel Broking have advised subscribing. The brokerage says that long-term investors should invest in it. IRFC has an important contribution in the financing of railways. In the coming days, the government will focus on infrastructure and transport. In such a situation, IRFC will have better financing opportunities. The company has a strong credit rating. The company’s revenue and profit grew by 21% and 26% CAGR during FY18-20.
Indigo Paints IPO
(Price band 1488-1490 rupees)
Indigo Paints is bringing its second IPO of 2021 on 20 January. Indigo Paints can be invested in an IPO by 22 January. The bidding for its anchor book can be on January 19 i.e. today. Indigo Paints plans to raise Rs 300 crore from its IPO. The promoters and investors of the company are selling 58,40,000 equity shares. The employees will get Indigo Paints shares at a discount of Rs 148 per share.
The price band of Indigo Paints is Rs 1488-1490 per share. A lot is of 10 shares. Indigo Paints is among the top-5 paint companies in the country. Former Indian cricketer Mahendra Singh Dhoni is its brand ambassador.
What should be invested
Nirali Shah, the research analyst at SAMCO Securities, has suggested investing in Indigo Paints’ IPO for listing gains. He says that Indigo Paints is the fastest growing paint company in the country. The company has a strong portfolio of products. The company’s brand name is strong. The company’s customer base is also strengthening with an aggressive marketing strategy. The company’s balance sheet is clean and strong. Even after this, there are some challenges in setting up a wide distortion presentation. The valuation of the sector is also looking somewhat expensive.
Home First Finance IPO
(Price band 517-518 rupees)
Affordable housing finance company Home First Finance is bringing the third IPO of the year 2021. The company’s IPO will open on 21 January this week. This issue of Home First Finance Company will be about 1154 crores. The price band for this IPO has been fixed at Rs 517-518. Investments can be made in this IPO from January 21 to January 25.
The lot size will be 28 shares in the IPO of Home First Finance. That is, at least 28 shares have to be bid. If you look at the upper price band of Rs 518, then investors will have to invest at least Rs 14504 in it. The company offers home loans to low-income class and middle-class customers. The company’s financial health is strong.
(Note- Investment in IPOs of these companies has been advised by Brokerage House and Expert. These are their personal views. Considering the risk of the market, take the opinion of the expert before investing .