New Delhi: Three companies are slated to roll out Initial Public Offers (IPOs) in the upcoming week from July 01, 2024. Two of these are mainboard IPOs. While, the other one is a Small and Medium Sized Enterprises (SME) IPO. Companies which will bring mainboard IPOs are Emcure Pharmaceuticals and Bansal Wire. Ambey Laboratories is the SME IPO.
Emcure Pharma IPO GMP today
Pharma company, Emcure Pharmaceuticals Limited, will launch its stake sale process on July 03, 2024. The issue will close for subscription on July 05. According to IPOWatch, Emcure Pharma IPO GMP today stood at Rs 300 per share. Emcure Pharm IPO price band is of Rs 960- Rs 1,008.
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Emcure Pharma IPO structure
The stake sale process is a combination of fresh issue of 0.79 crore shares aggregating to Rs 800.00 crore and Offer For Sale (OFS) of 1.14 crore shares aggregating to Rs 1,152.03 crore. Emcure Pharma IPO Size is Rs 1,952 crore. Emcure Pharma IPO expected allotment date is Monday, July 8, 2024. While, the shares of the pharma company are expected to be listed on the NSE and BSE on Wednesday, July 10, 2024.
Emcure Pharmaceuticals is one of the leading Indian pharmaceutical companies with presence in more than 70 countries, worldwide. The pharma company manufactures formulations and APIs.
Bansal Wire IPO Details
Bansal Wire Industries IPO opens on July 03, 2024. Bansal Wire IPO closes on July 05, 2024. Bansal Wire IPO price band has been fixed at Rs 243-256 per share. The stake sale process is an entirely fresh issue of equity shares aggregating up to Rs 745 crore. Bansal Wire IPO GMP today is nil, as per latest reports.
Bansal Wire Industries is the second largest steel wire manufacturing company by volume in India. The firm manufactures three types of wires namely high carbon steel wire, mild steel wire and stainless steel wire.
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Ambey Laboratories SME IPO
Ambey Laboratories IPO will hit the floors on July 04 and would wind up on July 06. The issue is a combination of fresh equity sale of 62.5 lakh shares and an offer for sale (OFS) of 3.12 lakh shares. Ambey Laboratories IPO price band is of Rs 65-68. Ambey Laboratories IPO GMP couldn’t be accessible as of now.
Incorporated in 1985, Ambey Laboratories manufactures agrochemical products for crop protection. The company has been serving the agrochemical sector for almost four decades.
These three companies will raise around Rs 2,700 crore from the public issues. While, shares of 11 more companies are slated to be listed next week.
IPOs Next Week
Company
Open Date
Close Date
Issue Size (In Rs Cr)
Emcure Pharmaceuticals
July 03, 2024
July 05, 2024
1952
Bansal Wire Industries
July 05, 2024
July 07, 2024
745
Ambey Laboratories
July 04, 2024
July 06, 2024
46
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
IPO Alert: Emcure Pharma IPO worth Rs 1,952 crore and Bansal Wire IPO worth Rs 745 crore open next week. Ambey Laboratories is a SME IPO; it will open on July 4. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
