IPOs next week: Once again the IPO market has started in the Indian market. Five companies from different sectors are bringing their Initial Public Issue (IPO) to the market next week. There is a possibility of heavy work in the coming days in the primary market. Companies going for the IPO include Urban Enviro Waste Management, Bizotik Commercial Limited, Cosmic CRF Limited, Sail Point (India) and HMA Agro Industries. The details about all these IPOs are as follows.
Urban Environmental Waste Management
Urban Enviro Waste Management is bringing an IPO from Monday, June 12, in which the company will raise 11.42 crores. This company is engaged in the work of waste disposal. This is an SME IPO and the price is fixed. The company will sell 11.42 lakh shares of face value of Rs 10 each at an issue price of Rs 100 each. This IPO includes 9.2 lakh new equity shares and sale of 2.22 lakh shares.
Bizotic Commercial Limited
The IPO of Biozotic Commercial Limited will also open on June 12 and close on June 15. The price of this public issue has been fixed at Rs 175 per share. It is an SME company and it has to raise Rs 42.21 crore from the market. 2,412,000 new shares will be issued in this issue.
Cosmic CRF Limited
The IPO of Cosmic CRF will open for investment on June 14 and will raise Rs 60 crore. The IPO will close for subscription on June 16. This is also an SME IPO. The issue size is 60.13 crore shares, of which 18.22 lakh equity shares will be sold in the price band of Rs 314 to Rs 330. The face value of the share will be Rs.10. There will be 18.22 lakh new shares in this issue.
Sail Point (India) Limited
Sell Point (India) will launch its IPO on June 15 and raise Rs 50.34 crore from the primary market. The company has fixed a price band of Rs 100 per share for this public issue. The IPO will close on June 20. The company will issue 50.34 lakh shares in the IPO of Cell Point.
HMA Agro Industries Limited
The IPO of HMA Agro Industries will open on June 20 and the company plans to raise Rs 480 crore. The company has fixed the price band of Rs 555-585 per share. In this IPO, new shares of 150 crore will be issued by the company and OFS of 330 crore will be included. Anchor bidding for the public issue will commence from June 19.