Market News
3 min read | Updated on January 27, 2025, 09:05 IST
SUMMARY
Dr Agarwal's Health Care IPO, which is backed by Temasek Holdings and TPG, will be open for subscription from January 29 to January 31. It has set a price band of ₹382 to ₹402 per share.
Six IPOs, including Denta Water and Infra Solutions, will be listed this week. | Image: Shutterstock
Despite the market turbulence, the primary market will see two initial public offerings (IPOs) open for subscription this week. They include the mainboard public offer of Dr Agarwal's Health Care and Malpani Pipes And Fittings IPO, a BSE SME issue.
Six initial share sales are also scheduled to list in the week starting January 27.
The funds generated will be used for debt repayment, corporate general purposes and unidentified inorganic acquisitions.
The minimum application size is 35 shares, requiring an investment of ₹14,070.
Morgan Stanley India Company Pvt Ltd, Kotak Mahindra Capital Company Ltd, Motilal Oswal Investment Advisors Limited and Jefferies India Pvt Ltd are the issue's book-running lead managers, while Kfin Technologies Ltd is the registrar.
The money generated will be used for capital expenditures on plant and machinery, loan repayment, and general corporate purposes.
The price range has been fixed at ₹85 to ₹90 per share. Retail investors can apply for at least one lot, consisting of 1,600 shares, needing an investment of ₹1,44,000.
The book-running lead manager for the IPO is Interactive Financial Services, while Bigshare Services is the registrar.
The other IPOs that will be listed this week include
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