Stories
IPO Rush: 6 New Issues Launch Next Week; Dates, Prices, and Sizes Revealed
- •Elevate Campuses leads with a ₹2,100-crore IPO (Sept 23-25), aiming to reduce its ₹3,400-crore debt, with a price band of ₹343-362 per share.
- •Varmora Granito's ₹708-crore IPO (Sept 22-24) includes a ₹320-crore fresh issue and a ₹388-crore OFS by Katsura Investments, priced at ₹140-148 per share.
- •A-One Steels India launches a ₹405-crore IPO (Sept 24-28) with a ₹355-crore fresh issue and ₹50-crore OFS by promoters, valuing the company at ₹3,128 crore.
- •ArMee Infotech's ₹300-crore IPO (Sept 23-25) is entirely a fresh equity issue, priced at ₹350-375 per share, with a post-listing market cap of ₹1,189.93 crore.
- •Swastika Infra's ₹161-crore IPO (Sept 23) includes a fresh issue up to ₹128.5 crore and an OFS of ₹32.4 crore, with a price band of ₹175-185 per share.
Key Questions Answered
Hillhouse Investment-backed Elevate Campuses will launch the week's largest IPO worth ₹2,100 crore from September 23 to 25. The issue has a price band of ₹343-362 per share and consists entirely of a fresh equity issue, with ₹750 crore allocated to reduce the company's debt.
Varmora Granito's ₹708-crore IPO will open on September 22 and close on September 24 with a price band of ₹140-148 per share. The offering includes a fresh equity issue worth ₹320 crore and an offer for sale of 2.62 crore shares worth ₹388 crore.
The six mainboard companies launching their public offerings between September 22 and September 28 aim to raise approximately ₹3,825 crore from the primary market. These funds will be used for business expansion, capital expenditures, debt repayments, and corporate needs.
