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India IPO Frenzy: Rs 1460 Crore Up For Grabs!
5 Jul
Summary
- Four IPOs set to open, aiming to raise Rs 1,460 crore.
- Kusumgar and Laser Power & Infra lead mainboard offerings.
- SME segment sees Happy Steels and Devson Catalyst issues.
India's primary market is set for a significant week with four Initial Public Offerings (IPOs) opening for subscription. These offerings aim to collectively raise close to Rs 1,460 crore.
Leading the pack are two mainboard issues: Kusumgar Ltd., opening its Rs 650 crore IPO on July 8 and closing on July 10, and Laser Power & Infra Ltd., launching its Rs 742 crore IPO on July 9, which will conclude on July 13.
The Small and Medium Enterprise (SME) segment will also see action with Happy Steels Ltd. opening its Rs 25 crore IPO on July 9 and closing on July 13. Devson Catalyst Ltd. will join them, opening its Rs 42.34 crore SME IPO on July 9 and also closing on July 13.
Alongside these new offerings, the listing calendar is equally busy, with two mainboard and seven SME companies slated to make their stock market debuts this week.
