THESE Six IPOs To Become Functional By January End

Raising Over Rs 500 crores

Six companies will be offering Initial Public Offering (IPO) with one from the mainboard segment and other from the SME segment. They are poised to raise over Rs 500 crore in doing so.

BLS E-Services IPO

New Delhi-based BLS E-Services, a technology-enabled digital service provider, is set to launch its maiden public issue on January 30. The IPO will feature a price band of Rs 129-135 per share and aims to raise Rs 310.9 crore through a fresh issue of 2,30,30,000 equity shares. The subscription period for the issue will conclude on February 1.

2) Megatherm Induction IPO

Megatherm Induction, a manufacturer of induction heating and melting products, will commence its public issue on January 29. With a price range of Rs 100-108 per share, the company targets to raise Rs 53.91 crore through a fresh issue of 49.92 lakh equity shares. The IPO subscription window will close on January 31.

Harshdeep Hortico IPO

Harshdeep Hortico, a manufacturer and supplier of pots and planters, will open its IPO for subscription from January 29-31. The company aims to mobilise Rs 19.09 crore through a book-built issue of 42.42 lakh equity shares, priced at Rs 42-45 per share.

Mayank Cattle Food IPO

Mayank Cattle Food, a Gujarat-based oil company manufacturing cattle and animal food, plans to open its IPO from January 29-31. The company intends to raise Rs 19.44 crore through a fixed price issue of Rs 108 per share.

Baweja Studios IPO

Baweja Studios will kickstart its IPO subscription on January 29, emerging as the largest IPO in size among those opening next week. The technology-based commercial films production company seeks to raise Rs 97.2 crore through a mix of fresh shares worth Rs 72 crore and an offer-for-sale of 14 lakh equity shares. The price band for the book-built issue, concluding on February 1, is set at Rs 170-180 per share.

Gabriel Pet Straps IPO

Gabriel Pet Straps, a manufacturer of pet straps for heavy materials packaging, will launch its fixed price issue for subscription on January 31, closing on February 2. The company aims to garner Rs 8.06 crore through its IPO priced at Rs 101 per share.

Disclaimer

Investment is subject to market risks. Please seek ample financial advice before investing.