A total of four companies will be offering their shares to investors in the week. Out of which, one company will offer in the mainboard segment while the remaining three in the SME segment.
Mainboard IPO
Sanstar
The company will collect Rs 510.15 crore through a combination of fresh issue as well as an offer for sale. The company will be offering 41.8 million fresh shares and 11.9 million shares of promoter group and other selling shareholders. Sanstar will open the bidding on July 19 and close it on July 23. It kept the IPO price band in a range of Rs 90 to Rs 95 per equity share. A retail buyer will have to apply for a minimum of 150 shares equating to Rs 14,250. Pantomath Capital Advisors is working as the book-running lead manager of the Sanstar, while Link Intime India as the registrar for the issue.
SME IPOs
Tunwal E-Motors
The IPO opening on July 15 is a fixed price issue of Rs 115.64 crore. The company will offer fresh shares as well as an offer for sale. The bidding will close on July 18, with the listing scheduled on the NSE SME platform on July 23, tentatively. The company has kept the IPO price of Rs 59 per equity share. The company is in the business of manufacturing electric vehicles, specialising in designing, developing, manufacturing, and distributing high-quality electric two-wheelers.
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Kataria Industries
The company will collect a sum of Rs 54.58 crore from investors by offering 5.68 million fresh shares. The bids for subscriptions will open on July 16 and end on July 19, with listing pending on the NSE SME platform on July 24, according to the tentative schedule. It kept the price band between Rs 91 to 96 per equity share. A retail investor application is of 1200 shares amounting to Rs 1,15,200.
Macobs Technologies
Macobs Technologies will open the IPO for subscription on July 16 and end it on July 19 to raise a sum of Rs 19.46 crore. The company will offer 2.6 lakh fresh shares. The allotment for Macobs Technologies is likely to be finalized on July 22, while the listing on the NSE SME platform is tentatively scheduled for July 24. The company set the IPO price band between a range of Rs 71 to Rs 75 per equity share. The minimum investment required is of Rs 1,20,000 as a single lot size for an application is 1600 shares.