5 days ago
Seven IPOs and 14 Listings Set Busy Week
The stock market will have a busy week with seven new IPOs.
An IPO is when a company offers its shares to the public for the first time.
Three larger companies will issue mainboard IPOs, while four smaller companies will use SME platforms.
Purple Style Labs plans to raise the most money, Rs 680 crore.
Rays of Belief and Deepa Jewellers will also invite investors to buy shares.
Four other companies will offer smaller IPOs.
Separately, 14 companies that recently completed their offerings are expected to begin trading.
Their listings are scheduled from August 31 through September 4.
Seven IPOs are scheduled to open next week: three mainboard issues and four SME offerings.
Purple Style Labs will seek Rs 680 crore, the largest issue, from August 31 to September 2.
Rays of Belief and Deepa Jewellers will open on September 1 and seek Rs 125 crore and Rs 459.72 crore, respectively.
The four SME IPOs are Phychem Technologies, Shanti Inorganics, Ashutosh Fibre and Farm Peace.
Fourteen companies are scheduled to list between August 31 and September 4 across BSE, NSE and SME platforms.
- Who
- Purple Style Labs, Rays of Belief, Deepa Jewellers and four SME companies are opening IPOs; 14 other companies are scheduled to list.
- What
- Seven public issues will open for subscription, while 14 companies are expected to debut on stock exchanges and SME platforms.
- Where
- The issues and listings involve the Bombay Stock Exchange, National Stock Exchange, BSE SME and NSE SME platforms.
- When
- The IPOs open between August 31 and September 1 and close between September 2 and September 3; listings are scheduled from August 31 to September 8.
- Why
- The companies are raising money through fresh share issues and, in Deepa Jewellers’ case, an offer for sale, while recently concluded issues are moving to trading.
Key facts
- New IPOs
- Seven issues: three mainboard and four SME IPOs.
- Largest issue
- Purple Style Labs plans to raise Rs 680 crore through a fresh issue.
- Deepa Jewellers issue
- Rs 459.72 crore, comprising a Rs 250 crore fresh issue and a Rs 209.72 crore offer for sale.
- IPO opening dates
- Purple Style Labs, Phychem Technologies, Shanti Inorganics and Ashutosh Fibre open August 31; the other three open September 1.
- IPO closing dates
- Purple Style Labs, Phychem Technologies, Shanti Inorganics and Ashutosh Fibre close September 2; Rays of Belief, Deepa Jewellers and Farm Peace close September 3.
- Expected listing period
- The new issues are expected to list from September 7 to September 8.
- Scheduled listings
- Fourteen companies are scheduled to make their market debuts from August 31 to September 4.
Sources
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