This week, four initial public offerings (IPOs) will open for subscription, and six companies will make their debut on bourses over the next five days.
The IPO of Utkarsh Small Finance Bank will open for subscription on 12 July at a price band of Rs 23–25 per share. The Rs 500 crore offer is scheduled to close on 14 July.
The portion reserved for qualified institutional buyers (QIBs) will open for a day on 11 July. The lender has booked up to 75 per cent of the public issue for QIBs, 15 per cent for high-networth individuals, and the remaining 10 per cent for retail investors.
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The company said the proceeds will be used to augment its Tier-1 capital base to meet future capital requirements.
The other three IPOs are from the small and medium enterprises (SMEs) segment. After raising around Rs 6 crore via the anchor book on 7 July, Kaka Industries will open for bidding in 10 July.
The polymer-based profile manufacturer is looking to raise Rs 21.23 crore in a price band of Rs 55–58 per share. The IPO will close on 12 July.
Ahasolar Technologies’ public issue of Rs 12.85 crore will open on 10 July. The issue price has been fixed at Rs 157 per share and the offer closes on 13 July. Ahsolar Technologies is involved in the business of CleanTech enabling Energy Transformation.
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The staffing and outsourcing services company has yet to announce the issue price for its 30.86 lakh shares IPO. The public issue opens on 14 July and closes on 18 July.
The public offer of drone training provider Drone Destination opened for subscription on 7 July and will close on 13 July.
The IPO of digital technology services company Accelerate BS opened for bidding on 6 July. It is scheduled to close on 11 July.
Listings This Week:
Cyient DLM
The electronics manufacturing services and solutions provider will make its market debut on 10 July. Its final issue price has been fixed at Rs 265 per share. In the grey market, the shares were trading at a 50 per cent premium over the issue price.
Senco Gold
The Kolkata-based jewellery retailer is scheduled to list on 14 July. The shares were trading at a 15 per cent premium to the expected final issue price of Rs 317 per share in the grey market.
In the SME segment, PET stretch blow moulding machine maker Global Pet Industries will make its debut on the stock exchanges on 10 July.
Synoptics Technologies and Tridhya Tech will start trading on the bourses on 13 July. Alphalogic Industries will list on 14 July.
