Upcoming IPOs: New IPOs are coming in the first week of July, be ready by keeping money in the bank

Upcoming IPO:Two new IPOs are going to be launched in the first week of July. Be prepared for this by keeping money in your bank. Through these IPOs, companies will raise around Rs 2700 crore. You can see the details of the IPOs opening for subscription in the week starting from Monday here.

Emcure Pharma IPO

The Bain Capital-backed Emcure Pharma IPO will open for subscription on July 3 and close on July 5. Bidding for anchor investors will open on July 2. The company wants to raise Rs 1,952 crore through this IPO. This includes a fresh issue of 7,936,507 shares worth Rs 800 crore and an offer for sale of 11,428,839 shares worth Rs 1,152 crore. The price band of this IPO has been fixed between Rs 960-1008 per share. The amount raised from the issue is to be used to repay debt and for general corporate purposes.

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Bansal Wire IPO

The IPO of Bansal Wire Industries, a steel wire manufacturing company, will open for subscription on July 3 and close on July 5. Bidding for anchor investors will open on July 2. The company plans to raise Rs 745 crore through this IPO. The company’s IPO is completely based on fresh issue. It does not include any kind of offer for sale. The company’s Rs 745 crore IPO includes a fresh issue of 29,101,562 shares. The price band of this IPO has been fixed between Rs 243-256 per share. Bansal Wire Industries will use the proceeds from the IPO to repay debt, working capital requirements and general corporate purposes.