If you want to earn money from the share market then be ready to invest from next week. Many companies are launching IPO next week. These include Shyam Metalics, Sona Comstar, Hyderabad's Dodla Dairy, and Krishna Institute of Medical Sciences.
Dodla Dairy's IPO will have shares worth Rs 50 crore. The promoters of the company will sell shares worth about 1 crore through this. Its public offer will open on June 16. The price of one share will be between Rs 421 to 428. Before this, the IPO of steel manufacturing company Shyam Metalics and Energy Limited will be launched in the market. The company has fixed a price band of Rs 303 to Rs 306 percent share for its initial public offering (IPO) of Rs 909 crore.
Krishna Institute of Medical Sciences (KIMS) Hospitals is also bringing its IPO, which will open on June 16. Sona BLW Precision Forgings (Sona Comstar) is a manufacturer of auto parts. Its IPO will be open from 14 to 16 June.
Dodla Dairy IPO details
Dodla Dairy Ltd is controlled by TPG. Its offer will open from June 16 till June 18. The company expects to get Rs 470 crore from this deal. Dodla Sunil Reddy holds 4.12 lakh shares in the offer while Dodla Trust Family holds 1.04 million shares. At the same time, Dodla Deepa Reddy will have 3.27 lakh shares.
about the company
The company sells milk and dairy-based products. It has a good hold in the market of Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.
where will the money be spent?
Dodla Dairy will use the proceeds of the IPO to settle the debt of Rs 32 crore. Some amount will also be kept for other expenses.
Shyam Metalics IPO to open on 14th June
The company's IPO will open on June 14 and close on June 16. Anchor investors will be able to bid on June 11. The company said that under the IPO, new shares worth Rs 657 crore will be issued and existing shareholders will bring an offer for sale worth Rs 252 crore.
252 crore shares
The company has reduced the size of its IPO from Rs 1,107 crore to Rs 909 crore. In such a situation, now instead of Rs 450 crore, shares of Rs 252 crore will be offered under OFS.
IPO Lot size 45 Shares
The proceeds from the sale of new shares will be used by the company to settle the debt of Rs 470 crore between itself and its subsidiary Shyam SEL & Power. The lot size of Shyam Metalics IPO is 45 shares.
What do experts say
According to market experts, the fundamentals of the company are good. It has 3 steel manufacturing units. Its steel production is 57 lakh tonnes. Talking about the financials, in the Q3 of the financial year 2020-21, the company's revenue was Rs 3934 crore and profit was Rs 456 crore.
Price Band Rs.815-825 per share
Krishna Institute of Medical Sciences (KIMS) Hospitals is also bringing its IPO, which will open on June 16. For the IPO of Rs 2144 crore, the company had given preliminary papers to SEBI, for which it has got permission. The company is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana. According to the DRHP file with SEBI, the issue involves fresh shares worth Rs 200 crore. Also, the promoters and existing shareholders will sell 21340931 shares. The price band is Rs 815-825 per share.
Plan to raise Rs 5550 crore from IPO
Sona BLW Precision Forgings (Sona Comstar) is a manufacturer of auto parts. Its IPO will be open from June 14 to 16. The company plans to raise Rs 5550 crore from the IPO. Blackstone's subsidiary Singapore VII Topco III Pte Ltd will sell the shares. The company was formed in 1995. It is the leading auto technology company of Gurugram. The company also exports to the US, Europe, and China.