The primary market is going to see some action as three new initial public offerings are going to open for subscription next week. Check the details below:
Steel manufacturing company Shyam Metalics and Energy will launch its Rs 909-crore initial public offer (IPO) on June 14. The price band for the issue has been fixed at Rs 303-306 per share. The public issue will open for a day on June 11 for anchor investors. The three-day offer will close on June 16.
Blackstone-backed firm Sona Comstar will launch its IPO on June 14. The issue will close on June 16. The company, in consultation with merchant bankers, has fixed a price band at Rs 285-291 per share for its IPO.
Navoday Enterprises is going to launch its IPO for subscription on 14 June, priced at Rs 20 per share. The issue will close on June 17.
Dodla Dairy will launch its initial public offering (IPO) on June 16. The issue will close on June 18. The company has fixed the issue price band at Rs 421-428 per share. The public offer comprises a fresh issue of up to Rs 50 crore and an offer for sale of up to 1,09,85,444 equity shares by promoters and investor.
General Atlantic-backed Krishna Institute of Medical Sciences (KIMS Hospitals) will open its initial public offering (IPO) for subscription on June 16 with a price band of Rs 815-825 per share. The issue will close on June 18. The public issue comprises a fresh issue of up to Rs 200 crore and an offer for sale of up to 2,35,60,538 equity shares.