A flurry of Initial Public Offerings (IPOs) is sweeping through India this week, with ten companies slated to open their public offerings. These offerings span various sectors, including small and medium-sized enterprises (SMEs), a prominent spice manufacturer, a jewelry company, and a clothing brand, among others.
Here’s a rundown of some of the ongoing and upcoming IPOs:
1. **Madhusudan Masala IPO:** This leading spice-making company opened its IPO on Monday with a price band of Rs 66 to Rs 70 per share, aiming to raise Rs 23 crore. The IPO will close for investments on September 21.
2. **Technogreen Solutions IPO:** An SME, Technogreen Solutions, offered its shares at Rs 46 each, hoping to garner Rs 16.72 crore from the offering. The IPO is open for investment until September 21.
3. **Signature Global India IPO:** A real estate developer, Signature Global India, is set to open its IPO on September 19, with a price band of Rs 366 to Rs 385 per share for a public issue of Rs 730 crore. The bidding will remain open until September 22.
4. **Sai Silks Kala Mandir IPO:** This apparel firm from Telangana is also opening its IPO on September 19, offering shares priced between Rs 210 and Rs 222 each, with a goal to raise Rs 1201 crore. The IPO subscription will conclude on September 22.
5. **Manoj Vaibhav James and Jewellers IPO:** Scheduled for September 21, this Andhra Pradesh-based company’s IPO has a price band of Rs 204 to Rs 215 per share, with an aim to raise Rs 270 crore. Investors can participate until September 26.
6. **SME IPOs:** Four SME companies – Hi-Green Carbon, Mangalam Alloys, Marco Cables and Conductors, and Organic Recycling Systems – are also set to open their IPOs on September 21, with fund collection targets of Rs 52.8 crore, Rs 54.91 crore, Rs 18 crore, and Rs 50 crore, respectively. The IPO subscription period for these firms will close on September 25.
7. **Master Components IPO:** This SME company’s IPO started on Monday, September 18, and will continue until September 21. The company aims to raise Rs 15.40 crore.
Investors are closely monitoring these IPOs as they present opportunities to invest in shares as soon as they become available. The companies have high hopes that these IPOs will significantly contribute to their profitability.
