Both main board and SME IPOs in July seem to have some great listings for the primary market. The final week of this month is similarly jam-packed with subscription-available listing and initial public offering difficulties. Let’s look at a few of the businesses that are opening for subscription this week, as well as a few that are gaining bourse listings.
Yatharth Hospitals and Trauma Care Services Limited
The subscription period for the Yatharth Hospital IPO will begin on Wednesday, July 26, and end on Friday, July 28. The projected initial public offering’s price range has been set by the business at 285 to 300 rupees per equity share.
On Tuesday, July 25, the auction for the anchor investors will start. The Yatharth Hospital IPO comprises of a new share issuance for 490 crore and a sale of 65.51 lakh equity shares by the company’s promoters, Vimla, Prem Narayan, and Neena Tyagi.
In the public offering, Yatharth Hospital has set aside a maximum of 50% of the shares for qualified institutional buyers (QIB), a minimum of 15% for non-institutional investors (NII), and a minimum of 35% for retail investors.
Bids may be submitted for a minimum of 50 equity shares and thereafter in increments of 50 equity shares. Equity shares have a face value of 10 apiece.
On Wednesday, August 2, the basis for the allocation of shares will be finalized. On Thursday, August 3, the firm will start issuing refunds, and on Friday, August 4, the shares will be credited to the Demat accounts of the recipients. On Monday, August 7, shares of Yatharth Hospital and Trauma Care Services are probably going to be launched on the BSE and NSE.
Service Care Ltd
A fresh equity issue of up to 30.86 lakh shares for a maximum of 20.68 crore comprises the Service Care IPO, a small- and medium-sized enterprise (SME) IPO. The price range for the offering was set by the company at 63-67 per share.
The proceeds from the transaction will be put to use by the company for general corporate needs and additional working capital requirements.
On Wednesday, July 26, Service Care shares will begin trading on the NSE SME. The allotment of shares for the Service Care SME IPO took place on Friday, July 21. On Tuesday, July 25, those who were awarded shares will get them in their Demat accounts. On Monday, July 24, the refunding process for those who did not receive shares will start.
The Service Care IPO was subscribed 6.44 times on the final day.
Asarfi Hospital Ltd
In the Asarfi Hospital IPO, 51.80 lakh new equity shares are being offered for a maximum price of 26.94 crore. The pricing range for the IPO has been set by the company at 51 to 52 rupees per equity share, and the stock will list on the BSE SME platform on Thursday, July 27.
The proceeds from the offering will be used by the company to accomplish the following objectives, including covering a portion of the capital costs for the cancer hospital in Ranguni, Jharkhand. purchasing leasehold land in Ranchi, Jharkhand, for the Health Management and Research Institute and other business use.
On July 24, there will be a share allocation for the SME IPO of Asarfi Hospital. On Wednesday, July 26, those who were awarded shares will get them in their Demat accounts. On Tuesday, July 25, the refunding procedure for those who did not receive shares will start.
On the last day, 195.14 times were subscribed for the Asarfi Hospital IPO.
Yasnos Chemex Care Ltd
The subscription period for Yasons Chemex Care IPO will begin on Monday, July 24 and end on Wednesday, July 26. The price range for the IPO has been set by the company at 40 rupees per equity share, and the stock will list on the NSE SME exchange on Thursday, August 3.
There is no offer for sale (OFS) component in the Yasons Chemex Care IPO, which is valued at 20.57 crore. The additional funds from the IPO will be used for the business’s working capital needs as well as general corporate purposes.
The allotment of shares for the Yasons Chemex Care SME IPO will be on Monday, July 31. On Wednesday, August 2, those who were awarded shares will get them in their Demat accounts. On Tuesday, August 1, the refunding procedure for those who did not receive shares will start.
Khazanchi Jewellers Ltd
The subscription period for Khazanchi Jewellers’ initial public offering (IPO) will begin on July 24 and end on July 28. The price range for the IPO has been set by the company at 140 rupees per equity share, and the stock will list on the BSE SME exchange on August 7th.
The IPO of Khazanchi Jewellers, with a value of 96.74 crore, is entirely new; there is no offer for sale (OFS) component. The following objectives, comprising (a) capital expenditures for the new showroom, (b) inventory expenses for the new showroom, to satisfy the increased working capital demands of the current operations, and (c) general corporate reasons, are what the company wants to pay for with the net proceeds from the offering. Chennai, Tamil Nadu, will be home to the new showroom.
The allotment of shares for the Khazanchi Jewellers SME IPO will be on Monday, July 31. On Friday, August 4, those who were awarded shares will get them in their Demat accounts. On Thursday, August 3, the refunding procedure for those who did not receive shares will start.
Innovatus Entertainment Networks Ltd
The subscription period for the Innovatus Entertainment IPO will begin on Tuesday, July 25, and end on Thursday, July 27. The price range for the IPO has been set by the company at 50 per equity share, and the stock will list on the BSE SME exchange on Friday, August 4.
The fresh equity shares for the Innovatus Entertainment IPO have a total issue size of 774.00 lakh. The company intends to use the net proceeds from the offering to fund a number of goals, such as meeting increased working capital requirements, purchasing exhibitor-related products, and fulfilling essential operational needs.
On August 1st, shares of the Innovatus Entertainment SME IPO will be allocated. On Thursday, August 3, those who were awarded shares would get them in their Demat accounts. On Wednesday, August 2, the refunding procedure for those who did not receive shares will start.
Shri Techtex Ltd
The subscription period for the Shri Techtex IPO will begin on Wednesday, July 26, and end on Friday, July 28. The pricing range for the IPO has been set by the company at between 54 and 61 rupees per equity share, and the stock will list on the NSE SME exchange on Monday, August 7.
The 45–50 crore that Shri Techtex IPO hopes to raise. The business intends to put the net proceeds from the offering toward the following initiatives: constructing a factory shed, launching a solar farm, purchasing equipment, taking care of working capital requirements, achieving overall corporate goals, and paying public offering expenses.
The allotment of Shri Techtex SME IPO shares will happen on Wednesday, August 2. On Friday, August 4, those who were awarded shares will get them in their Demat accounts. On Thursday, August 3, the refunding procedure for those who did not receive shares will start.
