A total of seven IPOs will be opening for bidding in the week ending May 19. One mainboard IPO and six SME IPOs will be available for subscription this week.
Mainboard IPO
Go Digit General Insurance
Go Digit General Insurance IPO will open on May 15 at a price band of Rs 258 to 272 per share. The company will collect a total of Rs 2,614.65 crore through a combination of fresh issue and an offer for sale. The company is in the business of providing insurance offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, and many other insurance products.
SME IPOs
Mandeep Auto Industries
Mandeep Auto Industries will raise Rs 25.25 crore by offering 3.77 million shares at a fixed price of Rs 67 per share. The subscription will open on May 13 and close on May 15. Mandeep Auto is in the business of manufacturing and supplying various products like sheet metal components, auto parts, sprocket gears, and machined components. These products come into use in different industries like automobiles, material handling, railways, and defence etc.
Mutual Fund Calculator: Start Rs 1000 SIP at age 20 and retire with Rs 3 crore corpus – Here’s how Dr. Lal Pathlabs redesignates Ved Prakash as Group CFO and CEO – International Business Olympic Games Paris 2024: Deepika Kumari advances to round of 16 in women’s individual archery Japan raises policy rate to 0.25%, now all eyes on the US Fed in FOMC meeting today
Veritaas Advertising
The company wants to raise Rs 8.48 crores by offering a total fresh issue of 744,000 shares. It has a price band of Rs 109 to 114 per equity share. Veritaas Advertising provides all kinds of advertising services across various platforms. The company has advertising spaces in West Bengal, Guwahati, and Shillong, with operations in Delhi, Mumbai, and Pune.
Indian Emulsifier
Indian Emulsifier will collect Rs 42.39 crores from investors by giving them 3.2 million fresh shares. The company will open the issue on May 13 and end on May 16. The company has kept the price band in a range of Rs 125 to 132 per equity share. Indian Emulsifier is in the manufacturing and supplying of speciality chemicals like esters, amphoterics, phosphate esters, and many others.
Quest Laboratories
The company will raise Rs 43.16 crore from the investors by offering them 4.45 million fresh shares. The SME issue will open on May 15 and close on May 17. Quest Laboratories set the price band at Rs 93 to 97 per equity share. Quest Laboratories is a pharmaceutical company manufacturing various antibiotics such as antimalarials, antispasmodics, and many others.
Rulka Electricals
The company will collect Rs 26.40 crore via a combination of fresh issue and an offer for sale. Rulka Electricals will open bidding on May 16 and end it on May 21 at a price band of Rs 223 to 235 per equity share. It is an electrical and fire-fighting solutions company, offering various services like electrical solutions, electrical panels, solar EPC contracts, and many others. It provides its services to different sectors such as industrial, commercial, retail, and theatre.
Hariom Atta & Spices
The company will open its subscription on May 16 and end it on May 21 to collect a total of Rs 5.54 crore by offering them 1.15 million fresh shares Come from Sports betting site VPbet . It has a set price of Rs 48 per equity share. The company manufactures flour, spice, and other food products.