The mainboard segment is set to see action after a quiet period of couple of weeks, as two new IPOs will hit Dalal Street this week, starting from May 19, along with three public issues in the SME segment.
Surat-based textiles company Borana Weaves will be the first IPO amongst two in the mainboard segment, opening for public subscription on May 20 with a price band of Rs 205-216 per share. It plans to raise Rs 144.89 crore via a public issue of 67.08 lakh shares, which consists of an entirely fresh issue. The offer will close on May 22.
The second IPO will be Belrise Industries, opening on May 21. The Pune-based automotive components manufacturer intends to mop up Rs 2,150 crore via maiden public issue at the upper end of price band of Rs 85-90 per share. It is also solely fresh issue, which will close on May 23.
Meanwhile, the relentless action will continue in the SME segment as electric vehicle maker Victory Electric Vehicles International being the first amongst three IPOs will be launched on May 20. It aims to raise Rs 40.66 crore via initial public offering of 56.47 lakh shares at a price of Rs 72 per share. The issue will remain open for four days till May 23.
Non-banking finance company Dar Credit and Capital is set to launch its Rs 25.66 crore IPO on May 21 and close on May 23. The price band for the offer has been fixed at Rs 57-60 per share.
Click Here To Read All IPO News
Mumbai-based Unified Data- Tech Solutions will be the last public issue for next week, opening on May 22 and closing on May 26. The IT solutions provider targets to raise Rs 144.47 crore via public issue of 52.92 lakh shares, which comprises solely offer-for-sale by the promoter. The price band for the offer will be Rs 260-273 per share.
Further, there will be three companies listing on the NSE Emerge next week with Virtual Galaxy Infotech making its debut on May 19, Integrity Infrabuild Developers on May 20, and Accretion Pharmaceuticals on May 21.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
