IPO next weekAfter a busy week in terms of companies launching their IPOs, the primary markets are set to witness another week full of excitement. This is because after the opening of four IPOs during this week, three more public offerings will be issued in the coming week starting Monday, December 13. Medplus Health Services, Data Patterns India and HP Adhesives are all set to launch their IPOs. On top of this, Tega Industries, Anand Rathi Wealth and RateGain Travel Technologies are all set to hit the stock markets next week, days after releasing their public offerings.
Here’s a look at the three IPOs that will open between December 13 and December 20:
Medplus Health Services IPO
The IPO of MedPlus Health Services will open on Monday, December 13. The first public issue will close on Wednesday, December 15 after a three-day bidding process. The issue size of MedPlus’s IPO is Rs 1,639 crore, which is divided into a fresh issue and an offer for sale by existing shareholders. The fresh issue is worth Rs 600 crore, while the offer for sale part is expected to raise Rs 798 crore. The price band for Medplus IPO has been fixed at Rs 780 to Rs 796 per share. Medplus Health Services Limited is a Hyderabad based company, incorporated in 2006. Medplus is one of the largest online pharmacy chains in India. The company offers a wide variety of pharmaceutical and wellness products. Presently, MedPlus Health Services is operating in more than 300 cities of India and has more than 1,500 offline stores. Angel Broking has given neutral rating to the upcoming issue. The IPO is set to be listed on NSE and BSE on 23rd December.
Data Pattern India IPO
Defense and aerospace electronics solutions provider Data Pattern India Limited is set to make its first public offering on Tuesday, December 14. The Data Pattern IPO will close on Thursday, December 16, after a three-day bidding process. The anchor booking, if any, of the company’s IPO will open on December 13. The company has fixed a price band of Rs 555 to Rs 585 for each of its shares. At the upper end of the price band, Data Pattern IPO is likely to raise Rs 588 crore during the issue. The offer comprises a fresh issue of Rs 240 crore and an offer for sale by the promoters of 5.95 million equity shares. Data Pattern plans to use the proceeds of the new issue to repay its loans, support working capital, and upgrade and expand facilities in Chennai.
hp adhesive ipo
HP Adhesives Limited is going to present its IPO on Wednesday, December 15, which will close on Friday, December 17, after a three-day bidding process. The price band of HP Adhesives IPO is Rs 262 to Rs 274 per equity share. The company plans to raise Rs 126 crore through its first public issue. Investors will be able to bid for at least 50 shares at an upper price band of Rs 13,700 and in multiples of 50 thereafter. HP Adhesives IPO will consist of 45.97 lakh shares, out of which 41.40 lakh equity shares have been set aside for fresh issue. The remaining 4.57 lakh shares comprise an offer for sale to shareholder Anjana Haresh Motwani. The public offering is set to be listed on the stock exchanges, BSE and NSE on December 27. Bigshare Services Private Limited is the registrar of the issue.
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