IPO Calendar: Primary market gears up for another robust week as 3 companies look to raise Rs 2,700 cr
The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the mainboard segment, while Ambey Laboratories is the sole SME issue.
Apart from the above 3 public offers, the Street will see as many 11 listings including that of Allied Blenders and Vraj Iron and Steel, which received healthy investors' response for their IPOs in the week gone by.
Analysts expect significant capital to be deployed in public markets and strong demand for both new-age and conventional companies in coming months.
Here's what to look forward to on the IPO front next week
Emcure Pharmaceuticals IPO
The initial public offer (IPO) of Emcure Pharmaceuticals will open for subscription July 3 and will close on July 5. The company has fixed a price band of Rs 960-1008 per share.
The IPO comprises a fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale (OFS) of 1.14 crore equity shares by promoters and existing shareholders, according to the draft red herring prospectus filed in December.
Those selling shares in the OFS include promoter Satish Mehta and investor BC Investments IV Ltd, an affiliate of US-based private equity major Bain Capital. Currently, Satish Mehta holds a 41.92% stake in the company and BC Investments owns a 13.09% stake.
Proceeds of the fresh issue will be used towards payment of debt and for general corporate purposes.
Pune-based firm Emcure Pharmaceuticals is engaged in developing, manufacturing, and
