So far 16 IPOs have come in the current financial year, through which companies have collected funds of about 31 thousand crores. There were four IPOs this week and there will be four IPOs in the week starting from Monday also.
Nuvoco Vistas and Car Trade IPO will open on Monday.
Amidst the boom in the initial public offering (IPO) market, four companies are going to bring their IPO next week to raise a total amount of more than Rs 14,628 crore. Devyani International, Krishna Diagnostics, Windlass Biotech and Exaro Tiles started their initial share sale last week to raise Rs 3,614 crore.
So far in the current financial year, 16 companies have raised Rs 30,666 crore through IPO, while in the last financial year, 30 companies have raised Rs 31,277 crore through IPO. Market analysts expect the IPO market to remain bullish throughout 2021-22. Hemang Kapasi, head of equities at Sanctum Wealth Management, said 40 IPOs are in line for the rest of the year to raise Rs 70,000 crore.
IPO of these four companies will come
According to the information available with the stock exchanges, Nuvoco Vistas Corporation of Nirma Group and Cartrade Tech will start their initial share sale on Monday. The same Aptus Value Housing Finance and Chemplast Sanmar will receive bids for public applications on Tuesday. Companies are actually raising funds for debt servicing, capital expenditure requirements and general corporate purposes. Apart from this, the existing shareholders are selling their stake in the companies under the IPO.
Nuvoco IPO worth 1500 crores
The IPO of cement maker Nuvoco Vistas includes an offer for fresh issue of shares worth Rs 1,500 crore. There is also a proposal for sale of Rs 3,500 crore by the promoter Niyogi Enterprises. The company will open the process of application for this on August 9 at a price of Rs 560-570 per share, which will end on August 11.
Issue price of Cartrade Rs 1585-1618
Apart from this, there will be an offer for sale (OFS) of 18,532,216 equity shares in the IPO of Cartrade. For this, the company will open an IPO between August 9 and 11 at a price of Rs 1,585-1,618.
IPO will open between August 10 and 12
The IPO of Aptus Value Housing Finance includes fresh issue of equity shares worth Rs 500 crore and offer for sale of 64,590,695 equity shares by promoters and existing shareholders. The company will open its IPO from August 10 to 12 at a price of Rs 346-353.
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