The primary market is set to remain busy next week, with four initial public issues opening for subscription.
Aatmaj Healthcare, HMA Agro Industries, Veefin Solutions and Essen Speciality Films are opening for initial public offering (IPOs).
Aatmaj Healthcare
Aatmaj Healthcare, runs multi-specialty hospitals, will launch its initial public offering (IPO) on June 19, aiming to raise up to ₹38.40 crore through the issue.
The offer will close on June 21 and list on the NSE Emerge on June 30. The total issue size is ₹38.40 crore by issuing 64 lakh shares at a price of ₹60 per share. The face value of the shares is ₹5 each.
The funds will be utilised for repaying debts, and acquisitions and other strategic initiatives. The company will also purchase medical equipment, and fulfill its working capital requirements via public issue money, besides general corporate expenses and issue expenses.
HMA Agro Industries Ltd
HMA Agro Industries will launch its initial public offering (IPO) on June 20, aiming to raise ₹480 crore from the primary market. The company has fixed the price band for the issue at ₹555-585 per share.
The ₹480 crore-worth HMA Agro IPO comprises of a fresh issue of shares for ₹150 crore and an OFS of ₹330 crore. The anchor bids for the public issue will begin on June 19.
The company plans to utilize fresh issue proceeds for working capital requirements, besides general corporate purposes. The offer will close on June 23 and the listing on the BSE and NSE will take place on July 4.
Veefin Solutions
Veefin Solutions, digital lending and supply chain finance technology product solutions company, will launch its initial public offering (IPO) on June 22, aiming to raise up to ₹46.73 crore through the issue.
It will close on June 26, is an SME IPO and a fixed price issue. The issue consits of a fresh issue and an offer for sale of ₹23.37 crore each, at a price of ₹82 per share.
Essen Specialty Films
Essen Specialty Films, a specialized plastic products manufacturer, will open its IPO on June 23, aiming to raise ₹66 crore.
The IPO will close for subscription on June 27. It has a price band of ₹101-107 per share. The total fundraising would be more than ₹66 crore comprising a fresh issue of 46.99 lakh shares, and an offer for sale of 15 lakh shares.
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Updated: 18 Jun 2023, 03:16 PM IST