It can be said that this is the right time for those who want to make good money from IPO. In recent times, successive IPOs are coming in the market. Most of them IPOs with bumper listings have given good returns to investors within days.
However, two IPOs are coming to the market this week. The good news this time is that these are popular in the gray market. Market sources expect good returns for allottees as shares trade at a good premium. So this week agrochemical company Dharmaj Crop and Uniparts India companies are coming to the exchanges for listing. Now let’s see the complete details about these.
Dharmaj Crop IPO
Dharmaj Crop IPO is opening for subscription on November 28. The company has fixed the price band from Rs.216 to Rs.237. The newly launched IPO is already trading at a premium of Rs.60 on the gray market. There is good demand for shares of companies dealing in agro chemical sector. The company is engaged in formulation, marketing and distribution of various products ranging from pesticides to antibiotics.
Uniparts India IPO
Uniparts India is a company engaged in the business of providing engineering systems and solutions. The company is mainly focusing on agricultural mechanization equipment. The IPO started on November 30 and will end on December 2. This IPO also has a good premium price in the gray market. Currently, the company operates in 25 countries across the world. Market sources believe that these two IPOs can fetch good profits for investors this week.