Upcoming IPO Release: In what is being seen as a good opportunity for the retail investors to make money due to listing gains in a very short time of period, four public issues Sona Comstar, Shyam Metalics, Dodla Dairy and Krishna Institute of Medical Sciences (KIMS) Hospitals will be hitting the street next week.
Sona BLW Precision Forgings (Sona Comstar)
The initial public offering of automobile technology company Sona BLW Precision Forgings' shares will open on June 14 and will close on Wednesday. (June 16).
The total Offer size is up to Rs 5,550 crore with a fresh issuance of equity shares, aggregating up to Rs 300 crore and an offer for sale of equity shares aggregating up to Rs 5,250 crore, by the selling shareholder, namely, Singapore VII Topco III Pte. Ltd."
The offer’s price band has been fixed at Rs 285-291 per equity share.
The company, which garnered Rs 2,498 crore from anchor investors on June 11, intends to use net proceeds from fresh issue for repaying a debt of Rs 241.12 crore and general corporate purposes. The bids can be made for a minimum of 51 equity shares and in multiples of 51 shares later.
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Shyam Metalics and Energy
The IPO of Shyam Metalics and Energy, a leading integrated metal producing company with focus on long steel products and ferro alloys, will open for bidding on June 14 and close on June 16.
The offer’s price band has been fixed at Rs 303-306 per equity share.
Dodla Dairy
Opening on June 16 with a price band at Rs 421-428 per share, the IPO of TPG-backed Hyderabad-based dairy company Dodla Dairy consists of a fresh issue of Rs 50 crore and an offer for sale of up to 1,09,85,444 equity shares.
The bids can be made for a minimum of 35 equity shares and in multiples of 35 thereafter. Investors can invest for a minimum of Rs 14,980 worth of shares and a maximum of Rs 1,94,740 worth of shares.
Krishna Institute of Medical Sciences
The public issue of General Atlantic-backed KIMS Hospitals, which is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana, will open for bidding on June 16 and close on June 18.
The price band of the offer, which includes Rs 20 crore worth of shares set aside for the company’s employees who will receive shares at a discount of up to Rs 40 per share on the final offer price, has been fixed at Rs 815-825 per share.