Tag: IPO – Upcoming Issues

Madhusudan Masala, a leading manufacturer of spices, is planning to raise Rs 23.80 crore via its IPO, which will open on September 18 at a price band of Rs 66-70 per share. The issue is reserved 50% for QIBs, 15% for HNIs, and 35% for retail investors. The company will use the net proceeds for working capital requirements and general corporate purposes.

Gujarat-based construction company Chavda Infra has raised Rs 12.32 crore from marquee investors ahead of its IPO. The IPO of Rs 43.26 crore will open for subscription on September 12, with a price band of Rs 60-65 per share. The company has a strong track record of execution and is well-positioned to capitalize on the growing demand for construction services in Gujarat.

Blue Chandra, the largest shareholder in Samhi Hotels, has reduced its stake in the company ahead of its IPO. The stake reduction was part of a private placement of 1,03,17,460 equity shares in Samhi Hotels for Rs 130 crore. The shares were sold at a price of Rs 126 per share. The IPO of Samhi Hotels is scheduled to open for subscription from September 14-18. The company is looking to raise Rs 1,370.1 crore through the IPO.