Upcoming IPO: Earn big money by investing Rs 13020 on 28th and 29th October, know where to invest?

Upcoming IPO: In the year 2021, IPO has made a bumper earnings (IPO) of investors. If you are also looking for an opportunity to earn through IPO, then now your wait is over. Soon two big companies are coming with their IPO in the market, in which you can earn. These IPOs are getting open for subscription on 28th and 29th October and you can earn good profit by investing Rs 13020 in it.

These 2 companies are giving earning opportunity
Let us tell you that Nykaa and Fino Payments Bank are coming with their IPO. Let us tell you in details about these two IPOs, how much money you will have to invest and what is the lot size.

Nykaa IPO
Nykaa’s IPO will be open for subscription from October 28 to November 1. In this you will get 12 shares and have to invest a minimum of Rs 13020. That is, you can fill subscription for one lot for Rs 13020. The price band of the issue is Rs 1,085-1,125. Investors can apply for a maximum share of 14 lots of Rs 1,89,000.

The company will raise Rs 5,200 crore
FSN is preparing to raise Rs 5,200 crore from the market through E-commerce Ventures Limited’s Nykaa IPO. A fresh issue of Rs 630 crore will be made in this issue. At the same time, shares worth Rs 4772 crore will be sold through offer for sale. Presently the promoters hold 45.99 per cent stake.

Fino Payments Bank IPO
Apart from this, Fino Payments Bank is also giving investors a chance to earn this week. This IPO will open for subscription on October 29 and will close on November 2. The company is planning to raise around Rs 300 crore through this IPO. Apart from this, 1.56 crore shares will be sold through offer for sale. The company’s shares will be listed in the market on November 12.

Know about the company
Talking about the financial performance of the company, the total income in the financial year 2021 was Rs 791.03 crore. Apart from this, the company’s income was Rs 691.40 crore last year. At the same time, the company’s profit during this period was Rs 20.47 crore. No Payment Bank is a fintech company that provides a variety of financial services to its customers.

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