IPOs in August: TVS Supply Chain, Balaji Specialty Chemicals among other issues to open this month; check details
IPOs in August: The primary market witnessed some major listings in both main board and SME IPOs in July, which kept investors engaged with subscriptions and listings. Moving on, August will also witness new listings some much-awaited IPO issues that are available for subscription. Let's take a look at some of the companies that are opening for subscription this month, along with few that are getting listed on the bourses.
The initial public offering (IPO) of the supply chain logistics solutions provider will open on Thursday, August 10. TVS Supply Chain Solutions plans to raise ₹600 crore from the fresh issue as against ₹2,000 crore decided earlier. It cut the offer-for-sale (OFS) portion to 1.42 crore shares from 5.9 crore shares earlier planned.
The anchor book will be open for a day on August 9. The company will finalise the basis of allotment on August 22 and the equity shares will be credited to the demat accounts of eligible allottees on August 23. TVS Supply Chain Solutions shares will be listed on stock exchanges on August 24.
The company plans to utilise the fresh issue worth ₹600 crore to repay its debt and its subsidiaries’ TVS LI UK and TVS SCS Singapore and for general corporate purposes. Chemical manufacturer Balaji Specialty Chemicals is set to launch its IPO for subscription on Friday, August 18. The company will raise around ₹425 crore via IPO that comprises a fresh issue of ₹250 crore and offer for sale up to 2,60,00,000 equity shares ₹2 each.
The issue will close on Tuesday, August 22 and the basis of allotment will be done on August 25. The equity shares will be credited to the demat accounts of eligible allottees on Tuesday, August 29. The shares are likely to be listed on stock exchanges BSE and
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