IPOs Next Week: Vishnu Prakash IPO to Shelter Pharma IPO - 2 issues open, 2 to list
₹94 to ₹99 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Wednesday, August 23. Bids can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
The face value of equity shares is ₹10 each. Vishnu Prakash R Punglia IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. Up to 3,00,000 equity shares are reserved for employees.
The basis of allotment of shares will be finalised on Thursday, 31 August and the company will initiate refunds on Friday, 1 September, while the shares will be credited to the demat account of allottees on Monday, 4 September. Vishnu Prakash R Punglia limited share price will be listed on BSE and NSE on Tuesday, 5 September. Vishnu Prakash R Punglia Limited IPO, entirly comprises of fresh issue of up to 31.20 million shares without any offer for sale (OFS) component.
The offer also entails a subscription reservation by eligible employees. A total of ₹58.64 crore of the proceeds from its fresh issue would be utilised for capital equipment purchases, while ₹140 crore will be allocated to the company's working capital needs and other corporate purposes. Also Read: Jodhpur-based Vishnu Prakash R Punglia gets SEBI approval for IPO Ashish Kacholia backed Aeroflex Industries Limited IPO opens for subscription on Tuesday, 22 August and closes on Thursday, 24 August.
Read more on livemint.com
