Sensex, Nifty end flat in volatile trade; HDFC, Bajaj Finance top losers
1 min read
13 Jan 2021, 12:49:55 PM IST
Aditya Kondawar of JST Investments on IPO markets
The IPO markets are active again after a very short break since Antony Waste Handling listed on January 01, 2021. The year 2021 is expected as a year that will see a number of IPOs getting listed. The list is also expected to see a few of India’s famous startups.
Indian Rail Finance Corporation (IRFC) IPO is all set to open on January 18, 2021, and close on January 20, 2021. The price band is ₹25 – 26. The Grey market premium is at ₹1.25, translating into a 4.8% over the issue price.
IRFC is the borrowing arm of Indian Railways and is responsible to raise funds for the Ministry of Railways (MoR) that is required to procure rolling stock assets (wagons, trucks, electric multiple units, locomotives, coaches), its improvement, expansion, and assets management.
Indigo Paints IPO is all set to open on January 20, 2021, and close on January 22, 2021. The price band is ₹1480 – 1500. The Grey market premium is at ₹800, translating into a 53.3% over the issue price.
In terms of revenue, it is the 5th largest company in the decorative paint industry. The company is engaged in manufacturing different types of decorative paints like enamels, emulsions, wood coatings, primers, distempers, putties, and cement paints.
