A swift action is expected to remain in the stock market this week as four new Initial Public Offerings will be making their way into Dalal Street. Out of the four IPOs, one is on the main board whereas three are in the SME segment.
The first IPO offering is from Gujarat-based healthcare provider Aatmaj Healthcare. IPO will open today with a fixed price issue. The company plans to raise a fund of Rs 38.40 crore against an issue of 64 lakh shares in the market at a price of Rs 60 per share. The offer will close on June 21 and the listing on National Stock Exchange will emerge on June 30.
The second IPO is of HMA Agro Industries. this offering is in the mainboard segment opening on June 20 at a price range of Rs 555-585 per share. The company intends to raise Rs 480 crore in its public issue which comprises of Rs 150 crore through fresh issue and Rs 330 crore as an offer for sale by promoters. The offer will close on June 23 and the listing on BSE and NSE will take place on July 4.
Veefin Solutions will be the third IPO to hit Dalal Street this week. The bidding for BSE SME IPO will start on June 22 and will continue till June 26. Veefin solutions which specializes in digital lending and supply chain finance technology aims to raise Rs 46.7 crore through IPO. it comprises of fresh issue and an offer for sale of Rs 23.37 crore each at a share price of Rs 82.
The last IPO to enter this week will be from Essen Specialty Film, which specializes in plastic product manufacturing for home improvements and furnishings. The IPO will be open to public June 23 to June 27, with a price range of Rs 101-107 per share. The total funds raised will be more than Rs 66 crore split into 46.99 lakh fresh issue of shares and offer for sale of 15 lakh shares. The shares will be listed on NSE Emerge.
