look news india
IPO News: In the new round starting from July 15, 4 companies will launch their public issue, through which they plan to raise capital funds of Rs 700 crore. Apart from Sanstar IPO, 4 SME segment IPOs are included.
Sanstar IPO: This will be the only IPO in the mainboard segment, which will open in the new week on July 19. Its price band will be Rs 90-95 per share. The Rs 510.15 crore IPO comprises a fresh issue of 4.18 crore equity shares worth Rs 397.1 crore and an offer for sale of 1.19 crore shares by promoters worth Rs 113.05 crore. The IPO will close on July 19.
Tunwal E-Motors IPO: This week, electric vehicle maker Tunwal E-Motors will open for subscription on July 15 at Rs 59 per share. The company will raise Rs 115.64 crore through the IPO. This is an IPO for the SME segment. The IPO of 1.96 crore equity shares is a combination of a fresh issue of 1.38 crore shares worth Rs 81.72 crore and an OFS of 57.5 lakh shares worth Rs 33.93 crore. The IPO will close on July 18.
Kataria Industries IPO: The manufacturer of low relaxation pre-stressed concrete (LRPC) strands and steel wires, will open its maiden public issue for subscription on July 16. The price band for the book built issue has been fixed at Rs 91-96 per share.
Macombs Technologies IPO: Rajasthan-based Maccobbs, which offers male grooming products. It will also launch its Rs 19.46 crore public issue on July 16 and close on July 19, at a price of Rs 71-75 per share.