Read more about Four IPOs to hit markets next week; companies eye Rs 9,123 crore on Business Standard. The IPO market is getting back on track after a lull of two months, with four companies launching their initial share-sales next week to raise Rs 9,123 crore collectively.The last initial public offering (IPO) was that of Macrotech Developers
Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday.
The offer comprises a fresh issue of Rs 200 crore and offer for sale (OFS) of up to 23,56,0358 crore shares (Rs 1,944 crore at the upper price band). The proceeds from fresh sales will be used for the repayment of the debt of the company. The IPO includes a reservation of up to Rs 20 crore worth of shares for employees.
Reliance Industries Limited shares have jumped sharply over the past few trading sessions. While it has pared some gains on Wednesday, analysts remain optimistic about its future performance. Will the stock hit a record high soon? Here is all you need to know.
Reliance Industries Ltd (RIL) share zoomed for the second straight session today after brokerage Jefferies raised its target price for the market heavyweight. In two sessions, the share has gained over 10%. On Friday, the large cap stock closed 6% higher