
The primary market is preparing for another significant week with three companies launching their initial public offerings (IPOs) to collectively raise over Rs 2,700 crore.
1. Emcure Pharmaceuticals IPO:
July 3 to July 5
Rs 960-1008 per share
Fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale (OFS) of 1.14 crore equity shares by promoters and existing shareholders.
Payment of debt and general corporate purposes.
Kotak Mahindra Capital Company, Jefferies India, Axis Capital, and JP Morgan India.
July 3 to July 5
Rs 243-256 per share
Plans to raise around Rs 745 crore at the upper end. The public offer is made through the book-building process, with allocations for qualified institutional buyers, retail investors, and non-institutional investors.
Repayment of debt, working capital requirements, and general corporate purposes.
3. Ambey Laboratories SME IPO:
July 4 to July 8
Rs 65-68 per share
Combination of fresh equity sale of 62.5 lakh shares and an OFS of 3.12 lakh shares.
Investors can bid for 2,000 shares in one lot.
In addition to the above IPOs, the market will see 11 listings, including Allied Blenders and Vraj Iron and Steel, which received strong investor responses in the past week.
Analysts predict significant capital deployment in public markets and robust demand for both new-age and traditional companies in the coming months.