Protein Eggov Technologies, a leading manufacturer of plant-based protein products, opened its initial public offering (IPO) today. The IPO is a fresh issue of equity shares worth ₹500 crore.
The IPO opened for subscription today and will close on November 8, 2023. The price band for the IPO is ₹100-105 per share.
Protein Eggov Technologies is a leading manufacturer of plant-based protein products, including plant-based eggs, plant-based milk, and plant-based meat. The company’s products are sold under the brand name “Eggov.”
The company is targeting the growing demand for plant-based protein products in India. The market for plant-based protein products is expected to grow at a CAGR of 25% in the next five years.
ASK Automotive IPO Also Opens This Week
ASK Automotive, a leading manufacturer of automotive components, will also open its IPO this week. The IPO is a fresh issue of equity shares worth ₹1,000 crore.
The IPO will open for subscription on November 7, 2023, and will close on November 9, 2023. The price band for the IPO is ₹150-155 per share.
ASK Automotive is a leading manufacturer of automotive components, including shock absorbers, steering systems, and braking systems. The company’s products are sold to leading automakers in India and abroad.
The company is targeting the growing demand for automotive components in India. The market for automotive components is expected to grow at a CAGR of 15% in the next five years.
What Do Both Companies Do?
Here is a brief overview of what both companies do:
Protein Eggov Technologies
- Protein Eggov Technologies is a leading manufacturer of plant-based protein products, including plant-based eggs, plant-based milk, and plant-based meat.
- The company’s products are sold under the brand name “Eggov.”
- The company is targeting the growing demand for plant-based protein products in India.
ASK Automotive
- ASK Automotive is a leading manufacturer of automotive components, including shock absorbers, steering systems, and braking systems.
- The company’s products are sold to leading automakers in India and abroad.
- The company is targeting the growing demand for automotive components in India.
