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Upcoming IPOs: Two more IPOs coming on November 9; Are you ready to invest? Details Here

Upcoming IPOs: There will be two brand-new initial public offerings. For those interested in investing in an IPO, this will be a wonderful opportunity. Archean Chemical Industries and Five Star Business Finance Company are two of the planned new IPOs. The article states that each of these IPOs will begin trading on September 9.

Archean Chemical Industries: For its impending November 3 initial public offering, the specialty chemical company Archean Chemical Industries has set a price range of Rs. 386-407 per share. The offer’s subscription period will begin on November 9 and end on November 11th. On November 7, Anchor Book will be publicly released for a single day.

By issuing new shares worth Rs 805 crore and offering 1.61 crore equity shares for sale by the company’s promoters and investors, it hopes to raise Rs 1,462.3 crore through a public offering.

Piramal Natural Resources, India Resurgence Fund Scheme I, and Scheme II will sell the remaining 1.41 crore shares, while the company’s promoters will sell 20 lakh shares via Chemikas Specialty LLP OFS.

Five Star Business Finance: Dealers claimed that because the company priced its initial public offering (IPO) below the unlisted market price, investors in Five Star Business Finance Ltd. are a little discouraged.

The unlisted share price of the southern lender is between Rs. 525 and Rs. 530, while the price range for the IPO has been set at between Rs. 450 and Rs. 474, or roughly 10.6% less than the unlisted price.

When compared to its most recent high of Rs 730 per share in October 2021, the stock in the unlisted market is down approximately 35%. The initial public offering (IPO), which is a pure offer for sale, will begin taking subscriptions on November 9 and close on November 11.

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