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Two IPOs to hit market next week; to raise over Rs 2,500 cr cumulatively

Two companies Clean Science and Technology and GR Infraprojects are headed to the market with their initial share-sale offers next week to raise a little over Rs 2,500 crore cumulatively. The companies are expecting to benefit from an equity market, which is swarmed with liquidity and a sharp increase in the number of new retail investors. This comes after five companies Shyam Metalics and Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy and Indian Pesticides launched their initial public offers (IPOs) last month. These firms collectively raised Rs 9,923 crore through public issues. The three-day IPOs of Clean Science and Technology and GR Infraprojects will open for public subscription on July 7 and conclude on July 9. The bidding for anchor investors will open on July 6, data with exchanges showed.

United statesShyam metalicsAshok maheshwariSona comstarGlenmark life sciencesKrishna institute of medical sciencesAnantroop financial advisory servicesClean science technologyUtkarsh small finance bankTechnology rsIndia business excellence fundClean scienceKrishna instituteMedical sciencesDodla dairyIndian pesticides

ipo: Two IPOs to hit market next week; to raise over Rs 2,500 cr cumulatively

The two firms will together garner a total of Rs 2,510 crore through IPOs. Shares of the companies will be listed on the BSE and the NSE. Clean Science and Technology s Rs 1,546.62-crore IPO is entirely an offer for sale (OFS) by existing promoters and other shareholders. Those offering shares in the OFS include Anantroop Financial Advisory Services, Ashok Ramnarayan Boob; Krishnakumar Ramnarayan Boob; Siddhartha Ashok Sikchi; and Parth Ashok Maheshwari. Speciality chemical manufacturer has fixed a price band of Rs 880-900 a share for its IPO. Clean Science Technology manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates and FMCG chemicals.

United statesNew delhiShyam metalicsAshok maheshwariSona comstarAshok sikchiClean science technologyUtkarsh small finance bankTechnology rsKrishna institute of medical sciencesIndia business excellence fundAnantroop financial advisory servicesClean scienceKrishna instituteMedical sciencesDodla dairy

IPO update: Two companies to hit the market next week; aim to raise over Rs 2,500 cr collectively

IPO update: Two companies to hit the market next week; aim to raise over Rs 2,500 cr collectively
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

United statesShyam metalicsAshok maheshwariSona comstarAshok sikchiGlenmark life sciencesKrishna institute of medical sciencesAnantroop financial advisory servicesClean science technologyUtkarsh small finance bankTechnology rsIndia business excellence fundClean scienceKrishna instituteMedical sciencesIndian pesticides

Two IPOs to hit market next week; to raise over Rs 2,500 cr cumulatively: Check details here

Two IPOs to hit market next week; to raise over Rs 2,500 cr cumulatively: Check details here
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.