Upcoming 4 IPO In July 2023

Upcoming IPO July 2023.IPO investors have some great opportunities to earn from the primary market. 4 companies are going to launch their IPO in the next week. One of them is a manboard IPO while the other 3 IPOs belong to the SME segment. These companies include Atmaj Healthcare, HMA Agro Industries, Vefin Solutions and Essen Specialty Films.

These four companies aim to raise over Rs 630 crore through public issue in the coming week. Gujarat-based health care service provider Atmaj Healthcare is the first company to have an IPO in the coming week.Upcoming IPO July 2023

The IPO can be subscribed on June 19 and investors can invest in it till June 21. This is a fixed price issue, priced at Rs 60 per share. Under it, there is a plan to raise Rs 38.40 crore by issuing 64 lakh shares. The IPO will be listed on June 30.

Atmaj operates its hospitals under the name of Jupiter Hospitals. It provides health care services to patients with a total bed capacity of 130 beds expandable to 175 beds through hospitals in Vadodara, Gujarat.

The IPO funds will be used to repay debt and for acquisitions and other strategic initiatives. Apart from general corporate expenses and issue expenses, the company will also purchase medical equipment and meet its working capital requirements through public issue money.

The company has a debt of Rs 340 crore till December 2022. The company will use the proceeds of the new issue to meet working capital requirements apart from general corporate purposes. The offer will close on June 23 and will be listed on the Bombay Stock Exchange and the National Stock Exchange on July 4.

The third IPO on the list to open next week is Vefin Solutions. Bidding for the BSE SME IPO will commence from 22nd June and will continue till 26th June. The digital lending and supply chain finance technology product solutions company intends to raise Rs 46.7 crore through the issue.

A fixed price of Rs 82 has been kept for it. The net proceeds from the fresh issue will be used for global sales and marketing expenditure apart from general corporate objectives. Along with this, the fund will also be used for new product development and maintenance, upgrading or updating existing products.

The latest IPO to launch in the coming weeks will be Essen Specialty Films, which makes specialty plastic products for the home improvement and home furnishing industries. The IPO will open for subscription on June 23 and close on June 27. A price band of 101 to 107 rupees per share has been kept for this IPO. More than 66 crore rupees will be collected under the IPO.

Under it 46.9 lakh fresh shares will be issued and 15 lakh shares will be sold under offer for sale. The fund will be used for servicing debt and meeting working capital requirements, apart from general corporate purposes.

The IPO is from the Manboard segment, which will open for subscription on June 20. A price band of Rs 555 to Rs 585 per share has been kept for this IPO. The company had earlier wanted to raise Rs 480 crore through a public issue. Under it, fresh equity worth Rs 150 crore will be issued and apart from this, promoters will sell shares worth Rs 330 crore through offer for sale. That is, about 70 percent of the offer is going to the promoters.