Upcoming IPOs: Best IPO in October

Upcoming IPOs: Best IPO in October
Large yellow signboard on metal frame with the word IPO. Clear sky in the background. Concept of share trading on stock market, capital investment, currency exchange

As of October 8, 2024, the Indian stock market is buzzing with excitement over three key IPOs: Garuda Construction and Engineering, Shiv Texchem, and the highly anticipated Hyundai Motor India IPO. These offerings present promising investment opportunities and reflect significant trends within their respective sectors. Here’s an in-depth look at each IPO.

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1. Garuda Construction and Engineering IPO

Open Date: October 8, 2024
Close Date: October 10, 2024
Issue Size: ₹264 crores
Price Range: ₹90-95 per share

The Garuda Construction IPO has generated significant interest, being subscribed 1.91 times on its first day​(

mint)​(

IG). This offering consists of new equity shares and an offer for sale (OFS) designed to raise funds primarily for working capital and strategic acquisitions. Investors looking to capitalize on growth in the construction sector should consider this offering, as it positions itself to leverage ongoing infrastructure projects across India.

Key SEO Keywords: Garuda Construction IPO, engineering IPO in India, infrastructure investment opportunities, equity shares offering, OFS in IPO, working capital for construction companies, growth in Indian infrastructure.

2. Shiv Texchem IPO

Open Date: October 8, 2024
Close Date: October 10, 2024
Issue Size: ₹101.35 crores

The Shiv Texchem IPO, also launched today, aims to raise ₹101.35 crores​(

mint). This offering focuses on the SME segment, appealing to investors interested in the textile industry. With textile demand rising, Shiv Texchem presents a unique opportunity for those looking to diversify their portfolios into smaller companies that exhibit high growth potential.

Key SEO Keywords: Shiv Texchem IPO, SME IPOs in India, textile industry investment, growth potential in textiles, equity funding for SMEs, subscription details for Shiv Texchem.

3. Hyundai Motor India IPO

Open Date: October 15, 2024
Expected Size: ₹26,000 crores

The upcoming Hyundai Motor India IPO is set to make headlines as it aims to raise approximately ₹26,000 crores, marking it as the largest public offering in the country​(

mint)​(

IG). This IPO is highly anticipated, particularly given Hyundai’s robust market position and growth prospects within the automotive sector. Investors focusing on stable returns and long-term growth may find this IPO especially attractive.

Key SEO Keywords: Hyundai Motor India IPO, largest IPO in India, automotive sector growth, investment in public offerings, market trends for Hyundai, equity investments in automotive.

Conclusion

The IPO landscape in India is heating up with Garuda Construction, Shiv Texchem, and Hyundai Motor India stepping into the limelight. These offerings provide varied opportunities across sectors—construction, textiles, and automotive—catering to different investment appetites. With Garuda’s promising start and the potential of Hyundai’s record-breaking IPO, investors should keep a close watch on these developments.

Call to Action: Stay informed about the latest updates on these IPOs, and consider your investment strategies carefully. For more insights and detailed information on these IPOs, check resources like (

mint)tps:/​(

IG)m/market/ipo/latest-ipo-news-today-on-october-8-2024-live-updates-11728361940705.html) and Chittorgarh.

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