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BSE Price Band
P S Raj Steels on Thursday said it has fixed a price band of Rs 132-140 per share for its initial public offering (IPO) which will hit the capital markets on February 12. The Rs 28-crore public issue will conclude on February 14. The shares of the company will be listed on the NSE's SME platform Emerge, the steel maker said in a statement. The IPO is entirely a fresh issue of up to 20.20 lakh equity shares with a face value of Rs 10 each. At the upper end of the price band, the company will mobilise about Rs 28.28 crore from the public issue. Investors can bid for a minimum of 1,000 shares and in multiples thereof, it added. According to the red herring prospectus (RHP), PSSR intends to utilise Rs 26.50 crore of the total IPO proceeds towards working capital requirements and the remaining funds will be used for issue-related expenses. Hisar-headquartered P S Raj Steels Ltd (PSSR) is one of the leading manufacturers and suppliers of stainless-steel pipes and tubes in India, offering
Solarium Green Energy on Tuesday said it has set the price band at Rs 181-191 per share for its Rs 105 crore initial share sale, which will hit capital markets for public subscription on February 6. The public issue will close on February 10 and the shares of the firm will be listed on BSE's SME platform. Investors can bid for a minimum of 600 shares and in multiples thereof, the company said in a statement. The initial public offering (IPO) is entirely a fresh issue of 55 lakh equity shares. At the upper end of the price band, the company will fetch up to Rs 105.04 crore from the IPO. The net proceeds from the IPO are to meet working capital requirements and to address general corporate purposes. "The funds raised through this IPO will enhance our working capital, ensuring seamless project execution and positioning Solarium to capitalise on emerging opportunities in the renewable sector," Ankit Garg, Chairman & Managing Director of Solarium Green Energy, said. Solarium Green ...
Malpani Pipes And Fittings Ltd on Tuesday said it has fixed the price band of Rs 85-90 per share for Rs 26 crore initial public offer, which will hit the markets on January 29. At the upper end of the price band, the company will fetch up to Rs 25.92 crore from the IPO. The initial public offering (IPO) will conclude on Friday i.e January 31 and the shares of the firm will be listed on the BSE's SME platform, the company said in a statement. Investors can bid for a minimum of 1,600 shares and in multiples thereof. The public issue is entirely a fresh issue of 28.80 lakh equity shares. Proceeds from the fresh issue will be utilised for funding capital expenditure towards the purchase of machineries, repayment of debt, to meet working capital requirements and general corporate purposes. Malpani Pipes and Fittings specialises in manufacturing high quality pipes, including HDPE, MDPE, LLDPE, as well as sprinkler and drip pipes, marketed under the Volstar brand. The company serves to
Yatharth Hospital & Trauma Care Ltd has set a price band of Rs 285-300 per share for its initial share sale, which will open for public subscription on July 26, according to market sources. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, according to the red herring prospectus (RHP). The IPO comprises a fresh issue of equity shares aggregating up to Rs 490 crore and an offer-for-sale (OFS) of up to 65.51 lakh equity shares by the company's promoters and promoter group entities. The firm intends to utilize the net proceeds for repayment of debt, funding capital expenditure expenses, funding inorganic growth initiatives through acquisition and other strategic initiatives, and for general corporate purposes. At the upper end of the price band, the issue is expected to fetch Rs 677 crore and at the lower end Rs 687 crore. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors