IPOs Next Week: Rishabh Instruments IPO to Mono Pharmacare IPO; 4 new issues, 6 listings to keep primary market buzzing
IPOs Next Week: The primary market witnessed some major listings in both main board and SME IPOs this month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees the end of August and the start of the new month, which is similarly packed with new listings and IPO issues, that are available for subscription.
“Primary market during August 19 to 25 has been quite fascinating, , with 3 mainboard IPOs opened for raising a total of ₹750 crore…IPO amounting close to ₹6,000 crore is expected to open in the next weeks to keep the investors busy in action,'' said Mahavir Lunawat, Managing Director of mid-market investment bank Pantomath Capital Advisors Pvt. Ltd ‘’Robust response for the fundamental companies in the primary market shows that retail and HNI’s investors have shown maturity for investing in the fundamentally strong companies in order to ride the Indian growth momentum,'' added Lunawat.
Let's take a look at some of the companies that are opening for subscription this week, along with few that are getting listed on the bourses. The initial public offering (IPO) of the energy efficiency solutions provider will open for subscription on Wednesday, August 30.
Rishabh Instruments IPO is made up of fresh issue that totals to ₹75 crore and offer for sale (OFS) portion aggregates to 9.43 million equity shares on upper band price through the offer. It has fixed a price band in the range of ₹418 to ₹441 per equity share of face value of ₹10 each.
The allocation to anchor investors for Rishabh Instruments IPO is scheduled to take place on Tuesday, August 29, and the issue will close on Friday, September 1. Rishabh Instruments IPO is a mainboard IPO its shares will get listed on stock
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