Keep your money ready, ₹2,700 crore IPO will open in the new week, two companies will be listed

Upcoming IPOs: The IPO market is growing rapidly. One after another companies are coming up with IPOs. The initial public offerings of Emcure Pharmaceuticals and Bansal Wire Industries are coming in the mainboard category this week.

Emcure Pharmaceuticals' IPO will open on July 3. The company will raise around Rs 1952 crore through this IPO. The IPO will be a mix of fresh issue and sale offer. This IPO will have a fresh issue of Rs 800 crore and an OFS of Rs 1152 crore.

Emcure Pharmaceuticals IPO will open for retail investors from July 3 to 5. Its price band has been kept at Rs 960 to Rs 1008 per share. Its lot size is 14 shares. The shares may be listed on the Bombay Stock Exchange and National Stock Exchange on July 10.

Emcure Pharmaceuticals is a company associated with Namita Thapar, who has been a judge in Short Tank. The company was founded in 1981. The company works in the pharma sector.

Bansal Wire IPO
Bansal Wire Industries' IPO will open between 3 and 5 July. The issue size of this IPO will be Rs 745 crore. This IPO is a fresh issue. 2.91 crore shares will be sold in it. Its lot size has been kept at 58 shares. These shares can be listed on 10 July.

Bansal Wire Industries is a stainless steel company. It was founded in 1985. The company operates in high carbon steel wire, low carbon steel wire and stainless steel wire segments. The company manufactures around 3000 different types of steel wires. The company's revenue in the financial year 2023-2024 was Rs 2470 crore. Meanwhile, the company had a profit of Rs 78.80 crore.

Listing of both these companies
The IPOs of Allied Blenders & Distillers Ltd and Vraj Iron & Steel Ltd in the mainboard category will be listed on BSE and NSE this week.