Sunday, December 22, 2024

Five IPOs Set to Open for Subscription Next Week, Four Companies Scheduled for Listing

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Investors can anticipate a flurry of Initial Public Offerings (IPOs) hitting the market next week, providing ample opportunities for those looking to diversify their portfolios. The upcoming week starting January 15 will witness five companies opening their IPO subscriptions, aiming to raise a cumulative amount of Rs 1,680.72 crore through these issues.

CompanyOpening DateClosing DatePrice Band (Rs)Fresh Issue (Rs Crore)Offer-for-Sale (Rs Crore)
Medi Assist Healthcare Services IPOJan 15Jan 17397-4181,171.6
Epack Durable IPOJan 19Jan 23To be announced400To be announced
Maxposure IPOJan 15Jan 1731-3320.26
Konstelec Engineers IPOJan 19Jan 2366-7028.70
Addictive Learning Technology IPOJan 19Jan 23130-14060.16

Medi Assist Healthcare Services IPO

Leading the pack is the Medi Assist Healthcare Services IPO, scheduled to hit Dalal Street from January 15 to January 17. The health insurance third-party administrator, backed by Bessemer India Capital, plans to raise Rs 1,171.6 crore through an offer-for-sale (OFS) of 2.8 crore equity shares. The price band for the IPO is set at Rs 397-418 per share.

Epack Durable IPO

Following closely is the Epack Durable IPO, which is yet to announce its price band. The subscription for this IPO will open on January 19, concluding on January 23. The Uttar Pradesh-based room air conditioner original design manufacturer aims to raise funds through a combination of a fresh issue of shares worth Rs 400 crore and an offer-for-sale of 1.04 crore equity shares.

Maxposure IPO

In the small and medium enterprise (SME) segment, Maxposure, a personalized media and entertainment services provider, will open its public issue from January 15 to January 17. Priced at Rs 31-33 per share, the IPO seeks to raise Rs 20.26 crore through a fresh issue component of 61.4 lakh equity shares.

Konstelec Engineers IPO

Another SME IPO in the pipeline is Konstelec Engineers, a Mumbai-based engineering, procurement, and construction/commissioning contractor. Opening on January 19 and closing on January 23, the IPO aims to raise Rs 28.70 crore through a fresh issue of 41 lakh equity shares at a price band of Rs 66-70 per share.

Addictive Learning Technology IPO

Delhi-based Lawsikho IPO, set to open for subscription on January 19, plans to raise Rs 60.16 crore. The IPO, with a price band of Rs 130-140 per share, is a mix of a fresh issue of 41.37 lakh equity shares and an offer-for-sale of 1.6 lakh equity shares.

Disclaimer : Investors are encouraged to conduct thorough research and seek advice from certified experts before making any investment decisions.

The Indian Bugle
The Indian Buglehttps://theindianbugle.com
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