The Indian Initial Public Offerings (IPOs) market is set to witness an action packed week with 11 main-board companies set to go public.
\n\nThe key names included in the list of upcoing IPOs are Rentomojo, Karamtara Engineering and Kanohar Electricals, who are collectively set to raise Rs 7,055 crore.
\n\nAt the primary market, the key companies from various sectors who are set to hit the Dalal Street include real estate developers, engineering and manufacturing firms, a payments and identity solutions provider, a specialty chemicals manufacturer and an online rental platform.
\n\nThe IPOs are scheduled to hit the market between September 7 and September 15. Most of the issues opening for subscription on Tuesday and Wednesday.
\n\nOut of the Rs 7,055 crore, nearly 39 per cent which is Rs 2,722 crore is primary capital issuance, where funds go into the company, while the 61 per cent or Rs 4,333 crore is a secondary sale by existing shareholders.
\n\nPranav Constructions will to open its IPO for public subscription on September 7 with the over Rs 351-crore issue will close on September 9. Pranav Constructions has fixed a price band of Rs 118-124 per share for its IPO.
\n\nThis comprises of a fresh…
Original source: https://www.timesnownews.com/business-economy
