The primary market is set to see four IPOs (initial public offerings) this week, starting from June 9, including one public issue from the mainboard segment, while there will be a single listing scheduled in the said period.
Oswal Pumps, the manufacturer and distributor of several types of pumps, will open its maiden public issue on June 13 and close on June 17. The IPO will consist of fresh issuance of shares worth Rs 890 crore and an offer-for-sale of 81 lakh shares by promoter Vivek Gupta.
The remaining three public issues will be from the SME segment. The Rs 61.62-crore IPO of fragrance maker Sacheerome will hit Dalal Street on June 9 with price band of Rs 96-102 per share. The offer will close on June 11.
Aluminum wire rods manufacturer Jainik Power and Cables will be the second IPO, opening on June 10 with price band of Rs 100-110 per share. The company is raising Rs 51.3 crore via offer that will close on June 12.
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Ramming mass manufacturer Monolithisch India will open its Rs 82-crore public issue on June 12 and close on June 16. The price band for the offer has been fixed at Rs 135-143 per share.
Meanwhile, bathroom accessories maker Ganga Bath Fittings will be the only listing scheduled this week. Investors can start trading in company's shares on the NSE Emerge effective June 11.
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