Two IPOs to hit market in April

Road toll collection company MEP Infrastructure Developers and cinema distribution and advertising firm UFO Moviez are planning to launch Initial Public Offerings (IPOs) this month. MEP Infra's Rs 324-crore issue will remain open between Tuesday and Thursday. The company set a band of Rs 63-Rs 65 per share for its IPO. UFO Moviez plans to hit the market with its Rs 600-crore IPO between April 28 and April 30. The issue will be an offer for sale by existing shareholders.