Upcoming IPOs: Dr Agarwals Healthcare, Malpani Pipes to launch IPOs worth over Rs 3,050 crore; catch key details here
IPOs This Week: Dr Agarwals Healthcare (mainboard) and Malpani Pipes and Fittings companies are set to launch their initial public offers (IPOs), amounting to Rs 3,053 crore, this week (running from Monday, January 27 to Saturday, February 1). Read on to learn more about these upcoming IPOs.
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IPOs This Week News: Two companies are set to launch their initial public offers (IPOs), amounting to Rs 3,053 crore, in the trading week from January 27 to February 1—yes, it is set to be a six-session week as the market will conduct a special session on Saturday. These companies, one each from the mainboard and SME categories, are from two different spaces. These companies are: Dr Agarwals Healthcare (mainboard) and Malpani Pipes and Fittings.
DR AGARWALS HEALTHCARE IPO
Chennai-headquartered Dr Agarwals Healthcare is a healthcare company specialising in eye care services.
Its IPO is worth an estimated Rs 3,027 crore with fresh issuance worth Rs 300 crore and an offer for sale (OFS) worth Rs 2,727 crore.
Dr Agarwals Healthcare issue price, lot size, other details
Under the IPO, participants will be able to bid for Dr Agarwals Healthcare shares in a band of Rs 382-402 apiece in multiples of 35, translating to Rs 13,370-14,070 per lot.
The IPO is set to open on January 29 and close on January 31.
Dr Agarwals Healthcare shares are set to be listed on stock exchanges BSE and NSE tentatively on February 5.
MALPANI PIPES AND FITTINGS SME IPO
Madhya Pradesh-based Malpani Pipes and Fittings is a manufacturer of high-grade plastic pipes.
The IPO comprises fresh issuance of shares worth Rs 25.9 crore.
Malpani Pipes and Fittings SME issue price, lot size, other details
Under the Malpani Pipes IPO, participants will be able to bid in a range of Rs 85-90 apiece in multiples of 1,600 shares.
This IPO will also open on January 29 and close on January 31.
The Malpani Pipes stock is set to be listed on BSE's SME platform tentatively on February 5.
Ongoing IPOs
Meanwhile, three SME IPOs are set to conclude during the course of the week.
The CLN Energy IPO issue will close on Jan 27, while the HM Electro Mech and GB Logistics IPOs will each conclude on January 28.
SPECIAL TRADING SESSION ON FEBRUARY 1
BSE and NSE will conduct a special trading session on Saturday, the day on which the Finance Minister is set to unveil the Union Budget for the next financial year.
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