Tuesday, March 5, 2024
Tuesday, March 5, 2024
HomeBusinessTwo IPOs will open for subscription next week. Check details

Two IPOs will open for subscription next week. Check details


Latest IPO Updates: Two IPOs to hit Dalal Street next week to raise more than $165 crores. Of them, one is on the mainboard while the other is in the SME segment. Apart from this, several other IPOs will also be included.

The Equitas Small Finance Bank IPO consists of a new issue that adds up to $280 crore and an offer for sale of up to 7.2 million equity shares by Equitas Holdings Limited (EHL). (iStock Archives)

The new IPOs came a week after as many as 6 IPOs were listed on the market this week. These included Megatherm Induction, Harsheep Hortico, Mayank Cattle Food, Baweja Studios, BLS E-Services and Gabriel Pet Straps.

Experience Delhi’s rich history through a series of heritage walks with HT! Participate now

Here’s a look at two IPOs opening this week:

Vibhor Steel Pipe IPO

Vibhor Steel will launch its initial public offering (IPO) for subscription from February 13 to 15. With a price between $141 and $151 per share, the IPO constitutes a new issue of shares for a total of $72 crores.

The allocation structure reserves 50% of the supply for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.

Specialized in the production and export of Mild Steel ERW Black and Galvanized Pipes, Hollow Steel Pipes and Cold Rolled (CR) Steel Strips, Vibhor Steel Tubes has a business legacy spanning over two decades. The net proceeds of the IPO, destined to $72 crore will be channeled towards meeting working capital needs and general corporate purposes.

Wise Travel India Limited IPO

Wise Travel India’s public offering (WTI) is scheduled to subscribe from February 12 to 14, with shares trading between $140 and $147.

The offer includes a fresh share sale of 64.41 lakh shares, aiming to raise approx. $95 crores in funds. Share India Capital has been entrusted with the role of lead book-running manager and Beetal Financial is acting as the registrar for this issue.

IPO to list this week

Apart from the opening of the two IPOs, several other IPOs will be listed in the markets. These include:

  • Rashi Peripherals (February 14)
  • Jana Small Finance Bank (February 14)
  • Capital Small Finance Bank (February 14)
  • Rudra Gas Company (February 15)
  • Alpex Solar (February 15)
  • Polysil irrigation systems (February 16)
  • Entero Healthcare Solutions (February 16)
Unlock a world of benefits with HT! From informative newsletters to real-time news alerts and a personalized news feed – it’s all here, just a click away! Sign in now!
Stay informed about business news along with Gold Rates Today, India News and other related updates on Hindustan Times website and apps.



Source link

livepress.in
livepress.inhttp://livepress.in
I Am digital marketing enthusiast with a passion for helping businesses thrive in the online world. With a strong foundation in SEO, social media marketing, and content creation, I'm committed to driving impactful growth through innovative strategies.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments