This week is going to be action-packed for the primary market as five companies are set to launch their initial public offerings (IPOs), while three firms will make their debut on stock exchanges. From the mainboard IPO, Noida-based hospital chain Yatharth Hospital and Trauma Care Services will launch its public offering, while four companies from SME (small and medium enterprise) segment will hit Dalal Street. The total fundraising by these IPOs would be ₹857 crore, including ₹686.55 crore by Yatharth Hospital and the remaining ₹170 crore by the SME segment.
Meanwhile, Netweb Technologies, a Delhi-based high-end computing solutions (HCS) provider, will make its debut on stock exchanges on July 27 after successfully raising ₹631 crore via the IPO route last week. From the SME space, Service Care will list on the NSE SME on July 26, and Asarfi Hospital on the BSE SME on July 27.
Here’s all you need to know about upcoming IPOs:
Yatharth Hospital and Trauma Care Services
The ₹686.55 crore IPO of the Noida-based hospital chain will open for subscription on July 26 and close on July 28, while the bidding for anchor investors will begin on July 25. The company has fixed a price band of ₹285-300 for its IPO. In a pre-IPO round, the company raised ₹120 crore by issuing 40,00,000 equity shares for cash at a price of ₹300 per share (including a share premium of ₹290 per share). The shares of Yatharth Hospital are likely to be listed on the BSE and NSE on August 7.
Khazanchi Jewellers
The Chennai-based jewellery company launched its five-day IPO on July 24 which will close on July 28. The company aims to raise ₹96.74 crore at an offer price of Rs ₹140 per share. The shares will make its debut on the BSE SME on August 7.
Shri Techtex
The textile company will begin its IPO on July 26 and close on July 28. The company plans to raise ₹45.14 crore at the price band of ₹61 per share. Incorporated in 2011, the firm manufactures Polypropylene (PP) non-woven fabric in a variety of sizes and densities. The shares will be listed on the NSE SME Emerge segment on August 7.
Yasons Chemex Care
The ₹45.1 crore IPO of the manufacturing company opened for subscription on July 25 and will close on July 26. The company, which produces dyes and pigment pastes, has fixed the offer price for the issue at ₹40 per share apiece. Its share will be listed on the NSE SME Emerge on August 3.
Innovatus Entertainment Networks
The IPO of the direct marketing solution provider will begin on July 25 and close on July 27. The company aims to raise ₹7.74 crore at the issue price of ₹50 per share. The shares will make its debut on the BSE SME on August 4. Incorporated in 2012, it offers all the direct marketing solutions- management, CRM, B2B and B2C, activations, and exhibitions.
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