Two mainboard IPOs of Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.
The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. The company has fixed a price band of Rs 102-108 per share and investors can bid for a minimum of 130 shares in one lot and in multiples thereafter.
The company, which is backed by marquee investors Ashish Kacholia and others, plans to raise Rs 351 crore at the upper price band. The allocation to anchor investors will be done on August 21.