5 IPOs to hit Dalal Street next week; check details

New Delhi: The primary market is set to witness some non-stop action next week as five public issues will hit Dalal Street in addition to three listings in the coming week.

The total fundraising amount through these public offerings is Rs 857 crore, including Rs 170 crore by the SME (Small and Medium Enterprises) segment.

Of these four companies, the Noida-based hospital chain will start subscription of shares in the coming week.

Noida-based hospital chain Yatharth Hospital & Trauma Care Services is the only IPO among others from the mainboard segment. The IPO is opening for subscription on July 26 with a price band of Rs 285-300 per piece. The last date for the offer of the company will be July 28.

The hospital chain aims to raise Rs 686.55 crore through its maiden public offering at the upper price band. The offer will comprise an offer for sale (OFS) of 65.51 lakh equity shares by the promoters as well as fresh issue of shares amounting to Rs 490 crore.

With the lot size being 50 shares and thereafter in multiples of 50 shares, retail investors can invest a minimum of Rs 15,000 crore (one lot of 50 shares X Rs 300) and a maximum of Rs 1.95 lakh (13 lots X Rs 300).

The brand new public issue will be used to repay debt, capital expenditure for hospitals and finance inorganic growth initiatives.

As per the IPO schedule, Yatharth Hospital will debut on the stock market on August 7.

Other public issues that will hit the primary market next week are Chennai-based jewelery product maker Kahzanchi Jewellers, Yasons Chemex Care, Shree Techtex and Innovatus Entertainment Networks.