List of IPOs open next week. Issue price, date, other details here

After a lackluster period for initial public offerings (IPOs) in recent months amid the deadly second wave of the pandemic in India, companies are now lining up for initial public offerings (IPOs) that could make 2021 a busy year for public offerings. Here is the list of public offerings that are expected to open next week.

IPO opening next week:

Metallic Shyam: Integrated metals production company Shyam Metalics and Energy on Tuesday set a price range of 303-306 a share for his 909 crore-initial public offering (IPO). The three-day IPO will open on June 14 and close on June 16, and the tender for primary investors will open on June 11.

The company intends to use the net proceeds of the new issue for the redemption or early redemption of 470 crore of its debt and that of its subsidiary, Shyam SEL and Power; and for other general corporate purposes.

Navoday companies: Marketing and events company Navoday will open its IPO on June 14 with a price range set at 20 each. The show will close on June 17 and the firm aims to raise nearly 46.08 crores.

The company said 1.2 million shares of 24 lakh will be reserved for market makers and the rest of the 43.68 crore will be called as net issue. The proceeds from the issue will be used for working capital requirements and for the general purpose of the business.

Sona BLW Precision: Sona BLW Precision Ltd, or Sona Comstar, an automotive component maker backed by private equity firm Blackstone Group, will open on June 14. The price range for the issue was set at 285-291 per share. The show will close on June 16. The business will grow 5,550 via IPO. This is a new number of 300 crore and a sale offer of 5,250 by Singapore VII Topco III Pte Ltd, a subsidiary of Blackstone.

In addition, the IPO of Abhishek Integration Limited started this week on Tuesday June 8 and will close on June 11. The company plans to issue 9.9 lakh shares at a price of 50 each, aiming to 4.95 crores. The issue consists of up to 54,000 shares for market participants and the remaining 9.36 lakh shares will be referred to as net issue.

In recent months, many companies have filed the draft prospectus of their public offering with the market regulator Securities and Exchange Board of India (SEBI), which is expected to open in 2021.

To subscribe to Mint newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!

About William G.

Check Also

U.S. Financial Agencies To Meet To Discuss Future Impact Of Stable Coins By Cointelegraph

U.S. financial agencies to meet to discuss future impact of stablecoins US Secretary of the …