An IPO is when a private company first offers its shares to the public, allowing people to become part owners of the business. These offerings provide a unique chance to invest in emerging companies with great growth potential. Investors must do thorough research before investing in an IPO. By buying shares at this early stage, they can benefit from the company’s growth, which may lead to significant returns as the company develops and gains market share. In this article, we will look at the upcoming IPOs, which will be listed on exchanges in October 2024.
Khyati Global Ventures IPO is a fixed price issue worth ₹26.22 crore. It includes a fresh issue of 18.48 lakh shares totalling ₹18.30 crore and an offer for sale of 8 lakh shares worth ₹7.92 crore.
The IPO will be open for subscription from October 4, 2024, to October 8, 2024. The allotment of shares is expected to be finalised on Wednesday, October 9, 2024, and the shares will be listed on the BSE SME on Friday, October 11, 2024.
The IPO price is set at ₹99 per share. Investors need to apply for a minimum of 1,200 shares, with a minimum investment of ₹1,18,800 for retail investors. High Net Worth Individuals (HNIs) must apply for at least 2 lots (2,400 shares), which requires an investment of ₹2,37,600.
Investing in an IPO can be risky, but it can also be rewarding. If a company grows fast and has a good product, it might be a good investment. But if it has problems or risks, it might not be successful. Before investing, research the company and understand the risks.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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