The performance of the current IPOs may have an overall influence on the companies launching their IPOs going ahead.
As many as four public offers are scheduled to hit the primary markets in the coming week along with other SME IPOs. Amid weak market sentiment and due to other reasons, several companies deferred the launch of public offers. Besides, the performance of the current IPOs may have an overall influence on the companies launching their IPOs going ahead.
Read More: Fusion Microfinance sets IPO price band at Rs 350-368/share
Fusion Microfinance
Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO). The initial share sale will open for public subscription on November 2 and conclude on November 4.
The company has fixed a price band of Rs 350-368 a share. It comprises fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 1,36,95,466 equity shares by promoters and existing shareholders.
Global Health
Global Health Limited, which operates and manages hospitals under the Medanta brand, on Friday said it has set a price band of Rs 319-336 a share for its Rs 2,206 crore initial public offering (IPO).
The initial share sale will open for public subscription during November 3-7. The bidding for anchor investors will open on November 2. The IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) of up to 5.08 crore equity shares.
Read More: DCX Systems, Global Health, Bikaji Foods, Fusion To Launch IPOs Next Week To Raise Rs 4,500 Crore
DCX Systems
The IPO of DCX Systems will hit the markets on Monday, October 31, and shall be open till November 2. The company has the size of its fresh issue of equity shares to Rs 400 crore. Apart from a fresh issue, it comprises an offer for the sale of equity shares to the tune of up to Rs 100 crore by promoters.
The issue has a price band of Rs 197 to Rs 207 per share and investors can bid for a minimum of 72 equity shares and in multiples of 72 equity shares thereafter.
Bikaji Foods
Bikaji Foods’ public offer shall hit the primary market on November 3. The IPO comprises an offer-for-sale comprising 29,373,984 shares for sale. Around 35 per cent of the quota is reserved for the retail class under this issue and the price band of the offer shall be released in due course.
IPOs ahead
Other IPOs that have received the Securities and Exchanges Board of India (SEBI’s) approval as per the Prime Database are Aadhaar Housing, Archean Chemical, Asianet Satellite, Bharat FIH, Biba, Capillary, Cogent E-services, FedBank Financial Services, Gemini Edibles among others.
