IPOs

IPO bonanza to continue this week as four issues to open for subscription.

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The IPO bonanza seems to continue in August with as many as four companies scheduled to hit the capital markets with their initial public offerings (IPOs) within the first week of the month. Windlas Biotech, Devyani International, Exxaro Tiles, and Krsnaa Diagnostics are expected to launch their public issue on an equivalent day i.e., August 4.

IPOs in the week 

Windlas Biotech: Manufacturer of pharmaceutical formulations Windlas Biotech will launch its initial public offering (IPO) next week on Wednesday, August 4. The three-day public issue will conclude on Transfiguration and therefore the company has fixed the worth band of the initial share sale at ₹448-460 per share.

The IPO comprises fresh issuance of equity shares worth ₹165 crores and a suggestion purchasable (OFS) of up to five,142,067 equity shares. the difficulty is predicted to garner quite ₹400 crores.

Devyani International: Food and beverages major and therefore the largest franchisee of Pizza Hut, KFC, and Costa Coffee, Devyani International’s initial public offering (IPO) will open for subscription next week on August 4. The issue, which can close on Transfiguration, has fixed the worth band of its initial share sale at ₹86-90 per share, and therefore the firm will raise about ₹1,838 crores.

The quick-service restaurant (QSR) company’s IPO consists of a fresh issue of ₹440 crores and a suggestion purchasable (OFS) of up to 155.33 million shares.

Krsnaa Diagnostics: Diagnostics chain Krsnaa’s issue to open on 4 August and shut on 6 August with the worth band fixed at ₹933-954 a share for its initial public offer (IPO). The IPO will comprise a fresh issue of ₹400 crores and a suggestion purchasable (OFS) of up to 9.42 million shares.

Exxaro Tiles: Another IPO to open on Wednesday, August 4 is of Exxaro Tiles, a number one manufacturer of vitrified tiles. the worth band is fixed at ₹118-120 per share and therefore the firm is predicted to boost ₹150-160 crore.

The IPO of up to 1.34 crore equity shares will comprise a fresh issue of up to 1.12 crore equity shares and a suggestion purchasable of up to 22.38 lakh equity shares by Dixitkumar Patel, consistent with its draft papers.

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