The IPO of these two companies is coming soon, this is how you will get an opportunity to earn

The proceeds from the IPO will be used for expansion and meeting the needs of the company. The shares of both the companies will be listed on BSE and NSE.

IPO

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Two Companies IPO: If you are waiting for investment then IPO of two companies is going to come for your good earning. In which you can get good returns by investing money. Because the market regulator SEBI (SEBI) has approved the IPO application of two companies. in this electronic manufacturing services The providing company Avalon Technologies and the construction company Udayashivkumar Infra are included.

Market regulator SEBI told that these two companies had submitted IPO documents to it during August and September last year. SEBI issued findings for both the companies on 16 January. Please tell that SEBI’s conclusion is necessary for any company to bring IPO. Explain that the proceeds from the IPO will be used for the expansion and meeting the needs of the company. The shares of both the companies will be listed on BSE and NSE.

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New shares will be issued for Rs.

According to the documents, new shares worth up to Rs 400 crore will be issued in the IPO of Avalon Technologies. Apart from this, an offer for sale (OFS) of up to Rs 625 crore will be brought by the promoters and existing shareholders. The company may consider pre-IPO placement up to Rs.80 crores. If this happens, the size of the new issue will decrease.

The amount received through this IPO will be used by the company to settle its debt. Along with this, the company will meet its financial needs as well as working capital needs.

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Company engaged in road construction

According to the documents submitted to SEBI, Udayashivkumar Impra company is about to bring an IPO of Rs 60 crore in the market. 6 crore shares will be issued through fresh equity. The amount of money to be deposited through this IPO will meet the company’s general corporate goals and working capital requirements. Udayashivkumar Impra Company is a Karnataka based company engaged in road construction work. Apart from this, the company also works for the development of state government roads, bridges, cities and industrial areas.