New Delhi. If you invest in Initial Public Offering (IPO) then be ready. This week, on December 19, IPOs of four companies will open for subscription. The companies that are bringing IPOs this week include DAM Capital Advisors, Concord Enviro System, Transrail Lighting Limited and Sanathan Textiles. Applications can be made till December 23 to buy shares in all these IPOs.
DAM Capital Advisors' Rs 840.25 crore IPO is entirely based on Offer for Sale (OFS). In this IPO, 2.97 crore equity shares of the promoters will be offered for sale. The price band of the IPO has been fixed at Rs 269-283 per share.
Concord Enviro Systems wants to raise Rs 500.33 crore through IPO. New shares worth Rs 175 crore and promoter shares worth Rs 325.33 crore will be offered for sale in the IPO. The company has fixed the price band for the IPO at Rs 665-701 per share.
Similarly, Transrail Lighting has fixed the price band of its Rs 839 IPO at Rs 410-432 per share. The IPO will offer fresh shares worth Rs 400 crore and 1.01 crore promoter shares for sale. Sanathan Textiles has fixed the price band of its Rs 550 crore IPO at Rs 305-321 per share. The IPO will offer fresh shares worth Rs 400 crore and promoter shares worth Rs 150 crore for sale.
Anand Rathi Stock Brokers submitted documents
Anand Rathi Group's brokerage firm Anand Rathi Share and Stock Brokers has submitted preliminary documents with SEBI to raise Rs 745 crore through IPO. According to the documents, this entire IPO will be based on new shares. That is, promoter shares will not be sold in this IPO.
GK Energy Limited, a company manufacturing solar powered agricultural water pump systems, has also submitted IPO documents with SEBI to raise Rs 500 crore. According to the documents, new and promoter shares will be offered for sale in this IPO. The company will use Rs 422.46 crore raised from the sale of new shares to meet its long-term capital requirements
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