IPO Market: After a long period of silence, there is a lot of stir in the primary market now. Speaking of the last few days, the IPO of Happiest Minds and Root Mobile has arrived in the market. At the same time, the Computer Edge Management Services (CAMS) IPO is going to open on 21 September next week. At the same time, the allocation of route mobile IPO shares will be final, then Happiest Minds will be listed in the IPO market on the 17th. Route mobile listings can also be done this week.
CAMS IPO on 21 September
The IPO of Computer Edge Management Services (CAMS) is scheduled to open on September 21. For anchor investors, this IPO will be open for one day only on 18 September. The company is going to issue 1,82,46,600 shares under IPO. Of this, 1,82,500 shares will be reserved for the employees of the company. The company’s IPO will open on September 21 and will close on September 23. In the issue of the company, at least 37.40 percent of the post offer will be paid up equity.
Price band: According to sources, the issue price of CAMS IPO can be fixed at Rs 1250. The company is raising 2258 crore rupees through IPO. In this, investors will have to bid for 12 shares of the lot. The issue of CAMS will be listed on the BSE. The IPO is being managed by Kotak Mahindra Capital, HDFC Bank Ltd., ICICI Securities and Nomura Financial Advisory and Securities (India) Pvt.
Camcon Specialty IPO
Chemcon Specialty’s IPO will also open from September 21 and close on September 23. This IPO will be of 350 crores.
Route Mobile: Allot check
Allotment of shares under Root Mobile’s IPO will take place today. If you have applied for an IPO, you can check your status. The company is a cloud communication service provider. It received a great response from investors and subscribed 74.13 times. The company aims to raise Rs 600 crore through IPAK. You can check status like this….
- After the allotment is released, first of all, click on ipo.alankit.com.
- After that click on Route Mobile and type your application number in the dropdown.
- You can also check allotment by writing Demat account number or PAN instead of application number.
You can also check your allotment by visiting the BSE website.
For this, you have to click on this link https://www.bseindia.com/investors/appli_check.aspx.
After this, select equity from the dropdown and click on Route Mobile. The entire detail will come in front of you.
Happiest Minds IPO: Happiest Minds
Happiest Mind’s IPO will be listed on September 17. This Rs 700 crore IPO got tremendous response from investors and has received 151 times bids for it. Bid for 351 crore shares in IPO worth Rs 700 crore. While only 2.33 crore shares were offered. The price band for this issue is Rs 165-166 per share.
According to Happiest Mind, 97 percent of its revenue comes from the digital business, which is higher than many companies like Infosys, Mindtree and Cognizant. It offers Digital Business Services, Product Engineering Services and Infrastructure Management and Security Services.
Companies are seeing the right opportunity
Jagdish Thakkar, director of Fortune Fiscal, says that the market has picked up since the economy opened. Liquidity has arrived. If there is no big negative trigger, then this momentum is expected to continue in the market during the time of unlocking.
In such a situation, the companies’ trust in the economy is increasing and they see a good opportunity to enter the market. Companies expand their business by raising money from the market through IPOs. For this, they see this right opportunity. However, in the case of investors, they should invest only in companies with strong business models.
