Upcoming IPO: Be ready by keeping money in the bank because this week 9 IPOs are going to open for subscription. Of these, 3 IPOs of the mainboard segment and 6 IPOs of the SME segment will open for subscription. The mainboard segment includes IPOs of Premier Energies, ECOS India Mobility & Hospitality and Baazar Style Retail. The SME segment includes IPOs of Indian Phosphate, Jay Bee Laminations, Vdeal System, Paramatrix Technologies, Aeron Composite and Archit Nuwood Industries. The collective size of all 9 IPOs is more than Rs 4000 crore. Apart from this, there is also an opportunity to invest in two already opened IPOs – Resourceful Automobile IPO and Rapid Multimodal Logistics IPO till August 26 and August 27 respectively. There is also a stir in the market regarding the new IPO. Let us know about the IPOs opening this week.
Incoming release of Mainboard Segment NoA IPO
Premier Energies IPO
The IPO of solar cell and solar module manufacturer Premier Energies is opening on 27 August. The size of the IPO is Rs 2,830.40 crore. The company has fixed the price band for this at Rs 427 to Rs 450 per share. This IPO will be open for subscription from 27 August to 29 August. In this public offering, fresh equity shares worth Rs 1,291.40 crore will be issued and shares worth Rs 1,539.00 crore will be sold through OFS i.e. Offer for Sale.
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ECOS India Mobility & Hospitality IPO
The IPO of the car rental service provider company is opening on 28 August. The size of the IPO is Rs 601.2 crore. The company has kept the price band for this at Rs 318 to Rs 334 per share. In this issue, only 1.8 crore shares worth Rs 601.2 crore will be sold through OFS i.e. Offer for Sale. There is no fresh issue in this. This IPO will be open for subscription from 28 August to 30 August.
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Baazar Style Retail IPO
The IPO of Bazaar Style Retail Company is opening on 30 August. The company will announce its price band on Monday. According to the information revealed so far, fresh issues of up to Rs 148 crore are to be issued in the public offering of Bazaar Style Retail, a company backed by late Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala, and 1,76,52,320 shares are to be sold through OFS. This IPO will be open for subscription from 30 August to 3 September.
