This week holds a great significance for the investor as a total of four companies will be offering their shares to investors in the week.
Out of these, one company offers in the mainboard segment while the remaining three in the SME segment.
Sanstar Mainboard IPO
If you are wondering about the mainboard, a Mainboard IPO (Initial Public Offer) occurs when a privately owned company sells shares to the general public for the first time and is listed on stock markets.
As part of this, the company is planning to collect Rs 510.15 crore through a combination of fresh issues as well as an offer for sale.
To achieve this, the company will be offering 41.8 million fresh shares and 11.9 million shares of promoter group and other selling shareholders.
The bidding for Sanstar will open on July 19 and close on July 23.
The IPO price band is in a range of Rs 90 to Rs 95 per equity share.
In case of a retail buyer, they will have to apply for a minimum of 150 shares equating to Rs 14,250.
It reported that Pantomath Capital Advisors is working as the book-running lead manager of Sanstar.
At the same time, Link Intime India is acting as the registrar for the issue.
Tunwal E-Motors SME IPO
Tumawal E-Motors IPO opening on July 15 is a fixed price issue of Rs 115.64 crore.
With this, the company will be offering fresh shares as well as an offer for sale.
The bidding will close on July 18, with the listing scheduled on the NSE SME platform on July 23, tentatively.
When it comes to pricing, the company has kept it at Rs 59 per equity share.
The company mainly works on the manufacturing of electric vehicles, specializing in designing, developing, manufacturing, and distributing high-quality electric two-wheelers.
Kataria Industries SME IPO
With this offering, Kataria Industries will collect a sum of Rs 54.58 crore by offering 5.68 million fresh shares to the investors.
This IPO is scheduled for the bids for subscriptions on July 16 and end on July 19.
Further, its listing is pending on the NSE SME platform on July 24.
This issue’s price band is kept between Rs 91 to 96 per equity share where a retail investor application is set of 1200 shares amounting to Rs 1,15,200.
Macobs Technologies SME IPO
In order to raise a sum of Rs 19.46 crore, Macobs Technologies will open the IPO for subscription on July 16 and end it on July 19.
During this time, the company will be offering 2.6 lakh fresh shares.
Its allotment is likely to be finalized on July 22, while the listing on the NSE SME platform is tentatively scheduled for July 24.
The IPO price band ranges between Rs 71 to Rs 75 per equity share and minimum investment required is of Rs 1,20,000 as a single lot size for an application is 1600 shares.
