New Delhi: The primary market is ready to see some non-stop action next week, as five public issues will enter Dalal Street apart from three listings in the coming week.
The total fundraising through these public offerings amounts to Rs 857 crore along with Rs 170 crore by SME (small and medium enterprise) segment.
Among these Four companies, the Noida-based hospital chain will start its subscription of shares in the coming week.
Noida-based hospital chain Yatharth Hospital and Trauma Care Services is the only IPO among others which is from the mainboard segment. the IPO is opening for subscription on July 26 with a price band of RS 285-300 per piece. the closing date for the company’s offer would be July 28.
The hospital chain aims to raise Rs 686.55 crore through its maiden public issue, at the upper price band. the offer carries fresh issuance of shares worth RS 490 crores along with an offer for sale (OFS) worth RS 65.51 lakh equity shares by promoters.
The lot size contains 50 shares and in multiple of 50 shares thereafter, retail investors can invest a minimum of Rs 15,000 crores (one lot of 50 shares X RS 300) and a maximum of Rs 1.95 lakh (13 lots X Rs 300).
The all-new public issue will be used to repay debts, capital expenditure for hospitals and funding inorganic growth initiatives.
Yatharth Hospital will be debuting on the bourses on August 7, as per the IPO schedule.
The rest of the public issues which will hit the primary market next week are Chennai-based jewellery products maker Kahzanchi Jewellers, Yasons Chemex Care, Shri Techtex and Innovatus Entertainment Networks.
