Nazara Technologies, Kalyan Jewellers, Craftsman Automation, Laxmi Organics, Suryoday Small Finance Bank - Which IPO to subscribe? Anil Singhvi reviews

Nazara Technologies IPO is one of the most talked about and will open on Wednesday (March 17) and will remain open till March 19. Nazara Technologies IPO price band has been kept at Rs 1,100-1,101 per share for the issue. Lot size is Rs 13 per share for this issue. Nazara Technologies IPO total size is Rs 583-crore and the company is in the business of online gaming and learning apps. The most important thing is that ace investor Rakesh Jhunjhunwala has 11 per cent stake in this company. Market expert Sandeep Jain recommended it to APPLY for this issue aggressively for good listing gains. Zee Business Managing Editor Anil Singhvi said one should keep money for this IPO and strongly recommended it.  Source: PTI
 

Giving details about Kalyan Jewellers IPO, Zee Business research team said the company plans to raise Rs 1,175-crore through this IPO via fresh equity aggregating up to Rs 800 crore and an offer for sale worth Rs 375 crore. The company has set the price band of Rs 86-87 a share for the initial share-sale, which has already opened today and will conclude on March 18. Kalyan Jewellers' promoter T S Kalyanaraman would be offloading shares worth up to Rs 125 crore, while Highdell Investment Ltd, an affiliate of Warburg Pincus, would sell up to Rs 250 crore worth of shares through the OFS route. The company will use Rs 600 crore of the raised Rs 800 crore to settle the debt of working capital. Talking about this IPO, market expert Sandeep Jain said he would second Zee Business Managing Editor Anil Singhvi on this and say that the IPO is costly. He recommended to AVOID Kalyan Jewellers IPO and look for other options as there are more IPOs launching this week.  Source: Pixabay

Laxmi Organic deals in chemical and has started its business in 1989. Laxmi Organic IPO consists of fresh issuance of shares aggregating to Rs 300 crore and an offer for sale worth Rs 300 crore by the promoter Yellow Stone Trust. A total of Rs 600 core is to be raised from this IPO.  The price band has been fixed at Rs 129-130 per share for the IPO. It is open for public subscription during March 15-17. Talking about this issue, Anil Singhvi has recommended to SUBSCRIBE this IPO for listing gains as well as for long-term objective. "I am very bullish on this issue and believe that one should apply for this IPO aggressively through multiple trading accounts. This is just like a lottery and one should certainly subscribe it," said Sandeep Jain.

The Rs 824-crore Craftsman Automation IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale (OFS) of up to 45,21,450 shares by promoter and existing shareholders. The Craftsman Automation IPO price band for this IPO is Rs 1,488-1,490 per share and it is under progress. The issue has opened on March 15 and closes on March 17.  Those offloading shares in the offer-for-sale are Srinivasan Ravi, K Gomatheswaran, Marina III (Singapore) Pte Ltd and International Finance Corporation (IFC). "It is recommended for high-risk taking Investors and those planning it for long-term, said Zee Business Managing Editor Anil SInghvi, while adding that short-term investors should KEEP AWAY from this IPO as this company has huge debt.  Jain also said only long-term investors who have spare money could take chance in this IPO, rest others should avoid it. Source: Reuters

Suryoday Small Finance Bank IPO will also open tomorrow and will close on March 19. Company plans to raise Rs 582 crore through this IPO. Price band for this IPO is Rs 303 to Rs 305 crore per share. Minimum investment in one lot is Rs 14,945. Talking about this IPO, Anil Singhvi said one should rather invest in Laxmi Organic and Nazara Technologies and could be avoided. He said though management of Suryoday Small Finance Bank is sounding confident but he would rather like to KEEP AWAY from this IPO.  Source: Reuters