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3 IPOs And 2 Listings Ahead

By Staff

The primary market is set for a busy week starting 28 September with new IPOs (initial public offerings) and debut listings. There are three IPOs lined up for investors to bid on, following robust demand seen for Chemcon Speciality Chemicals and Computer Age Management Services' (CAMS) issues.

3 IPOs And 2 Listings Ahead

UTI AMC IPO is scheduled to open on 29 September to raise Rs 2,152-2,160 crore from an offer-for-sale of shares from existing promoters, that include SBI, LIC and Bank of Baroda. The price band for the issue is set at Rs 552-554 per share and bids need to be made for a minimum of 27 shares. The issue closes on 1 October.

The IPOs of Mazagon Dock Shipbuilders and Likhitha Infrastructure will also open on 29 September and close on 1 October.

Mazagon Dock Shipbuilders IPO will be the first IPO offered by the government in the current financial year, wherein it is offering to sell 15.17 percent of its stake in the company. The state-run company is looking to raise up to Rs 444 crore with a price band of Rs 135-145 per equity share.

The Hyderabad-headquartered oil and gas pipeline infrastructure service provider Likhitha Infrastructure is looking to raise Rs 61.20 crore via its issue. The price band is fixed at Rs 117-120 per share.

The listing of Chemcon Speciality Chemicals, which is scheduled for 1 October, will be most anticipated considering that the issue was oversubscribed nearly 149.30 times, the second most subscribed public issue this year after Happiest Minds Technologies which was oversubscribed 151 times.

CAMS is also scheduled to be listed on 1 October. Its Rs 2,242 crore IPO was subscribed nearly 47 times.

Read more about: ipo
Story first published: Saturday, September 26, 2020, 15:43 [IST]
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