By Admin 
Upcoming IPO: In the week starting on Monday, about 10 companies are bringing their IPOs, while five companies are to be listed. Vikran Engineering and Anlon Healthcare are two mainboard IPOs, which are open for subscription from 26 August to 29 August. Apart from these two mainboard IPOs, eight SME IPOs will also be launched. Many companies like Vikram Solar IPO, Gem Aromatics IPO, Patel Retail IPO are also to be listed.
India’s IPO market saw a lot of movement in the last few months, while it was starting to start in the beginning of the year and no IPO was subscribed or listed in the first half of the year. Let us take a look at the IPOs of some of these companies.
Vikram Engineering IPO
Vikram Engineering IPO is opening from August 26. For this, investors will be able to bid till August 29. The company led by Rakesh Ashok Markhedkar aims to raise Rs 772 crore through IPO. For this, the price band has been fixed at Rs 92-97 per share. The minimum investment limit for retail investors is Rs 13,616. In the gray market, its shares are trading at a premium of Rs 18. The IPO will follow the book-beding process.
Annlon Healthcare IPO
Chemical Manufacturing Company Anlon Healthcare IPO is bringing its IPO next week. This IPO will open for subscription on 26 August and will close on 29 August. The company has fixed the issue size of Rs 121.03 crore. The price band of Annlon Healthcare IPO has been kept at Rs 86 to Rs 91 per share. The lot size is 164 shares. Retail investors will have to invest at least Rs 14,104.
IPO of SME Segment
Apart from two mainboard IPOs, four SME IPOs including Globatier Infotech, NIS Management, Current Inforials and Sattva Engineering will open for subscription from next week i.e. 25 August. The IPO of NIS management is opening for subscription from August 25 and will be closed on August 28. The company aims to raise Rs 60.01 crore. This includes a fresh issue of Rs 51.75 crore and an offer for sale of Rs 8.26 crore. The price of shares has been fixed between Rs 105 to Rs 111 per share.
The IPO of Globetier Infotech will start from August 25 and will close on August 28. The company aims to raise Rs 31.05 crore. This offer includes both new issues and OFS, in which the stocks are priced at Rs 72 per share.
Sattva Engineering Construction is coming with its IPO from 26 August to 29 August. In this, the company will raise Rs 35.38 crore by issuing 0.47 crore new equity shares. The share price has been fixed between 70 and 75 rupees.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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