IPO Update: 2 big IPOs are going to open today 2 January, know these things before investing..

The year 2024 has ended. This year has been very special in terms of IPO. A total of 90 IPOs knocked out last year. In such a situation, the record of IPO is going to be broken in the year 2025 as well. Many big IPOs will also be seen in the market this year. Reliance is also included in these. Tomorrow i.e. on January 2, 2 IPOs of the SME segment will also open. In such a situation, let us know what is their GMP, price band, and issue size.

The first of the two IPOs opening in the SME segment on January 2 is Davin Sons Retail Limited IPO and the second is Parmeshwar Metal IPO. Both of these will open for subscription on January 2. At the same time, it will close on January 6. Both these IPOs are worth a total of Rs 33.52 crore. In such a situation, this is a great option for investors.

Davin Sons Retail Limited IPO

IPO opening date: 2 January

IPO closing date: 6 January

Number of fresh shares: 15.96 lakh

Company's target: To raise Rs 8.78 crore

Price band: Rs 55 per share

Minimum lot size: 2000 shares

Minimum investment for retail investors: Rs 1,10,000

Minimum lot size for HNI: 2 lots (4,000 shares)

Minimum investment for HNI: Rs 2,20,000

The company was founded in the year 2022. This company manufactures readymade clothes including jeans, denim jackets, and shirts for other brands. Its revenue in the year 2024 was Rs 13.39 crore. According to the market tracker website, its GMP is Rs 0 at the time of writing the news on January 1, 2025. According to GMP, its listing can be at Rs 55

Parmeshwar Metal IPO

IPO size: Rs 24.74 crore

IPO type: SME IPO

Fresh issue: Rs 24.74 crore

Price band: 57.00-61.00 per share

Subscription date: January 2 to January 6

Listing date: January 9

Minimum lot: 2000 shares

Minimum investment: Rs 1,22,000

This company works to make copper wire and copper wire rods by recycling. Its product portfolio consists of copper wire rods of 1.6 MM, 8 MM, and 12.5 MM. If we talk about GMP and listing, then its GMP is Rs 0 on January 1, 2025. At the same time, the possible listing price can be Rs 61.

Disclaimer: This content has been sourced and edited from tv 9. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.