Read more about Four IPOs to hit markets next week; companies eye Rs 9,123 crore on Business Standard. The IPO market is getting back on track after a lull of two months, with four companies launching their initial share-sales next week to raise Rs 9,123 crore collectively.The last initial public offering (IPO) was that of Macrotech Developers
Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday.
Dodla Dairy’s ₹ 520 crore IPO to open on June 16
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Company offering on sale up to 10,985,444 equity shares
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Company offering on sale up to 10,985,444 equity shares
Integrated dairy company Dodla Dairy has fixed a price band of ₹421-₹428 per equity share for its Initial Public Offer (IPO), to raise ₹520 crore, which opens on June 16.
The IPO comprises a fresh issue aggregating up to ₹50 crore and and offer for sale of up to 10,985,444 equity shares. The offer for sale consists of up to 92 lakh equity shares by TPG Dodla Dairy Holdings Pte Ltd and up to 4,16,604 equity shares by Dodla Sunil Reddy and up to 1,041,509 equity shares by Dodla Family Trust and up to 3,27,331 equity shares by Dodla Deepa Reddy.
Dodla Dairy, a leading dairy company in south India, on Friday said it has fixed a price band of Rs 421-428 a share for its Rs 520-crore initial share-sale, which will open for public subscription on June 16.