In July 2021, it was raining on an initial public offering (IPO). In July, companies such as Zomato, Paytm, Glenmark Life Sciences, and Rolex Rings Limited established a strong foothold in the public domain market, causing some striking problems. Zomato lists itself as a public institution, but others are still waiting for their turn to create the list and complete the process. That said, there are no signs of a slowdown next month as more companies make their IPO debut in August.
Here are the details of the upcoming IPOs and the four companies that will lead the August race.
Windlas Biotech Limited IPO
The Windlas Biotech IPO will debut next week on August 4, 2021. The company aims to mop up about 401.54 rupees through public issuance. The IPO consists of an initial public offering of 165 rupees, a sale of 236.54 rupees (OFS) and 5,142,067 shares of shares. The price range is stated as 448 to 460 rupees per share, and the par value is 5 rupees per share. The Windlas Biotech IPO will be open for 3 days and the subscription will end on August 6th.
Windlas Biotech Limited is one of the leading candidates for the domestic pharmaceutical contract development and manufacturing organization (CDMO) market. The company offers a wide range of CDMO-related services, including product discovery and development, licensing, and commercial production of generic products.
The lot size of this IPO is listed as 30 shares and the minimum application amount was Rs 13,800. At the maximum, the IPO lot size is 420 shares and the application amount is 193,200 rupees. After the IPO ends, the allocation criteria may take place on August 11. The start of the refund and the recognition of the shares to the winning bidder may take place on August 12th and August 13th, respectively. The company’s listing date is tentatively August 17, but it has not yet been confirmed.
Devyani International Limited IPO
Founded in 1991, Devyani International is Yum Brands’ major franchise store and one of India’s largest fast service restaurant (QSR) chain operators. There are brand banners for many popular brands such as Pizza Hut, KFC and Taco Bell. The Devyani International IPO will also hit the market on August 4th and will end on August 6th. The IPO is approximately 1,838 chlores and consists of 440 chlores worth of fresh issues, 1,389 chlores worth of OFS and 155,333,330 shares.
The price range of the IPO ranges from Rs 86 to Rs 90 per share. The minimum lot size for this issue is 165 shares and the application cutoff is 14,850 rupees. The lot limit is 2,145 shares and the application cutoff amount is 193,050 rupees.
The IPO is likely to go public on August 16th, but this has not yet been confirmed. Share allocations, refunds, and certifications may take place on August 11, 12, and 13, respectively.
Krsnaa Diagnostics Limited IPO
Krsnaa Diagnostics is one of India’s fastest growing diagnostic chains and was founded in 2010. The company offers a wide range of diagnostic services, including imaging / radiation services (X-rays, MRI, etc.) and regular laboratory tests. , Pathology, and remote radiation services. The customer base is primarily private and public hospitals, medical colleges, and community medical centers.
The company aims to focus on Rs 1,213.33 through public issues. It consists of 400 rupees worth of fresh issues, 813 rupees of OFS and 8,525,520 shares. The price range for this issue ranges from Rs 933 to Rs 954 per share and the par value is Rs 5 per share. The IPO will start on August 4th and end on August 6th. After the transaction, listing on BSE and NSE may take place on August 17, but this has not yet been confirmed.
The low-end lot size of the Krsnaa Diagnostics IPO is 15 shares and the application amount is Rs 14,310. The lot limit has a cutoff amount of 195 shares of Rs185,030.
Exxaro Tiles Limited IPO
Founded in 2008, the company specializes in the manufacture and marketing of vitrified tiles. The company manufactures “double-charged vitrified tiles” (two-layer pigments) and glazed vitrified tiles made from ceramic materials that are essentially clay, quartz and feldspar. Some of its target customers are housing, education, commerce, hotels, hospitals, governments, builders or developers, and religious institutions. It operates in Poland, Bosnia and the United States in India and abroad, to name a few.
Exxaro Tiles wants to wipe out Rs161.09 Chlore on public issues. The issue also consists of 2,238,000 shares of OFS, which is 10 rupees per share, for a total of 26.86 rupees. This new IPO is worth Rs 134.23 with 11,186,000 shares. The Exxaro Tiles IPO will open on August 4th and close on August 6th. The list of issues may take place on August 17th. The assignment date for the issue can be August 11th. After August 12, the winning bidder will be certified as an investor on August 13.
The lot size of this IPO is 125 shares at the bottom and the application amount is 15,000 rupees. The upper limit is 1,625 shares with a cutoff amount of Rs 195,000.
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Krsnaa Diagnostics IPO, Devyani International IPO, Exxaro, etc.
Source link Krsnaa Diagnostics IPO, Devyani International IPO, Exxaro, etc.