Four Companies to Launch IPOs in the Week, Collecting Rs 683.79 Crore

Strategic Insights -

A total of four companies will launch their initial public offerings (IPOs) in the week, collecting a cumulative amount of Rs 683.79 crore from investors. One company, Sanstar, will offer its shares in the mainboard segment, while the remaining three, Tunwal E-Motors, Kataria Industries, and Macobs Technologies, will list on the Small and Medium Enterprises (SME) platform. Sanstar aims to collect Rs 510.15 crore, followed by Tunwal E-Motors with Rs 115.64 crore, Kataria Industries with Rs 54.58 crore, and Macobs Technologies with Rs 19.46 crore.

Key Takeaways:

  • Sanstar, a company offering shares in the mainboard segment, aims to collect Rs 510.15 crore through a fresh issue and an offer for sale.
  • The company will offer 41.8 million fresh shares and 11.9 million shares of promoter group and other selling shareholders at a price band of Rs 90 to Rs 95 per equity share.
  • Tunwal E-Motors, an electric vehicle manufacturer, will launch a fixed price SME IPO worth Rs 115.64 crore on July 15, with listing scheduled on July 23.
  • Kataria Industries will collect Rs 54.58 crore by offering 5.68 million fresh shares at a price band of Rs 91 to Rs 96 per equity share, with listing pending on July 24.
  • Macobs Technologies will raise Rs 19.46 crore by offering 2.6 lakh fresh shares at a price band of Rs 71 to Rs 75 per equity share, with allotment finalized on July 22 and listing scheduled for July 24.
  • Retail investors will have to apply for a minimum of Rs 14,250 (Sanstar), Rs 1,15,200 (Kataria Industries), and Rs 1,20,000 (Macobs Technologies) as a single lot size for an application.
  • Pantomath Capital Advisors is the book-running lead manager for Sanstar's IPO, while Link Intime India is the registrar for the issue.

Statistics:

  • Sanstar's IPO collection: Rs 510.15 crore
  • Tunwal E-Motors' IPO collection: Rs 115.64 crore
  • Kataria Industries' IPO collection: Rs 54.58 crore
  • Macobs Technologies' IPO collection: Rs 19.46 crore
  • Total IPO collection: Rs 683.79 crore
  • Number of companies launching IPOs in the week: 4
  • IPO price bands: Sanstar (Rs 90 to Rs 95), Tunwal E-Motors (Rs 59), Kataria Industries (Rs 91 to Rs 96), and Macobs Technologies (Rs 71 to Rs 75)
  • Listing dates: Sanstar (July 23), Tunwal E-Motors (July 23), Kataria Industries (July 24), and Macobs Technologies (July 24)

Sources:

  • [Source 1] "Four Companies to Launch IPOs in the Week, Collecting Rs 683.79 Crore" by IE Online Media Services Pvt. Ltd., distributed by Contify.com (2024)
  • [Source 2] "Sanstar IPO: Company to Collect Rs 510.15 Crore through Fresh Issue and Offer for Sale" by IE Online Media Services Pvt. Ltd., distributed by Contify.com (2024)
  • [Source 3] "Tunwal E-Motors SME IPO: Company to Collect Rs 115.64 Crore on July 15" by IE Online Media Services Pvt. Ltd., distributed by Contify.com (2024)
  • [Source 4] "Kataria Industries SME IPO: Company to Collect Rs 54.58 Crore on July 16" by IE Online Media Services Pvt. Ltd., distributed by Contify.com (2024)
  • [Source 5] "Macobs Technologies SME IPO: Company to Collect Rs 19.46 Crore on July 16" by IE Online Media Services Pvt. Ltd., distributed by Contify.com (2024)