Seven public issues, including three mainstream IPOs and four SME IPOs, are set to hit the Indian markets this week. IdeaForge will open its much-awaited IPO for subscription on June 26th, offering equity shares of up to INR 240 crore and an offer for sale of 48.6 lakh shares. Meanwhile, Cyient DLM s IPO, offering equity shares for Rs 250-265 a piece, will open on June 27th while PKH Ventures will bring in an initial offering of up to 1.82 crore shares on June 30th. The SME space will also see four IPOs worth INR 107 crore in total.
Pentagon Rubber Limited brings its IPO on 26th June 2023 to be listed on NSE Emerge newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
Pentagon Rubber, a leading engineering component firm, has launched a Rs 16.17 crore ($2.5m) initial public offering (IPO) in India. The company is offering 23,100,000 equity shares with a face value of Rs 10, at a price band of Rs 65-70 per share. The IPO opens on Monday 26 June and closes on 30 June. Pentagon Rubber s IPO proceeds will be used to finance the expansion of its business, meet general cost requirements and issue expenses, with the firm expecting to triple revenue over the next two years.