Mumbai: Five initial public offerings (IPOs) launch in the stock market this week starting August 18, with companies targeting to raise Rs 3,585 crore from the mainboard segment.
Four IPOs launch on August 19 and close on August 21, planning to raise Rs 3,185 crore collectively. The fifth company, Mangal Electrical Industries Private Limited, will open its IPO on August 20 and close on August 22.
Mangal Electrical targets raising Rs 400 crore through its public issue with a price band of Rs 533-561 per share and lot size of 26 shares. The company was established in 2008 and represents the week’s smaller offering among the IPOs launch schedule.
The combined fundraising target of Rs 3,585 crore reflects significant capital market activity as companies seek public investment through the mainboard segment during the trading week.
Vikram Solar leads IPOs launch week with Rs 2,079 crore target
Vikram Solar emerges as the largest among the IPOs launch this week, targeting Rs 2,079.37 crore through its public issue opening August 19. The company plans fresh share sales worth Rs 1,500 crore alongside an offer-for-sale of equity shares worth up to Rs 17.45 crore by promoters and shareholders.
Vikram Solar will offer shares at Rs 315-332 per share with a lot size of 45 equity shares during the three-day subscription period.
Gem Aromatics and Shreejee Shipping Global complete the August 19 IPOs launch lineup. Gem Aromatics targets raising Rs 451.25 crore with shares priced at Rs 309-325 per share and lot size of 46 shares.
Shreejee Shipping Global aims to raise Rs 410.71 crore through its public issue, offering shares at Rs 240-252 per share with a lot size of 58 equity shares. All four companies opening August 19 will close their subscription periods on August 21.
