 "IPO")
As many as five companies on Thursday have hit the capital market with their initial share sale to raise around Rs 20 crore.
The initial public offerings (IPOs) of KKV Agro Powers, Advance Syntex, Kwality Pharmaceuticals, Titanium Ten Enterprise and Commercial Synbags are open for subscription from June 30.
KKV Agro Powers will list its shares on the small and medium enterprises (SME) platform of National Stock Exchange (NSE), while the remaining four will get listed on BSE's SME platform.
The public issue of Advance Syntex will close on July 4, while that of Titanium Ten Enterprise and Commercial Synbags will close on July 5. KVK Agro Powers issue will close on July 7 and of Kwality Pharmaceuticals on July 8.
KKV Agro Powers is coming out with an IPO of 1,12,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 320 per equity share. The company will use the issue proceeds for setting up of 0.8 MW wind energy project in Tamil Nadu; erection of 33KV electricity transmission line; repayment of term loan; general corporate purposes; and issue expenses.
Commercial Syn Bags is coming out with an IPO of 3.19 million equity shares of face value of Rs 10 each for cash at a fixed price of Rs 24 per equity share. The company will use the issue proceeds for repayment/ prepayment of certain borrowings availed by the company and working capital requirement.
In first five months (January – May) of calendar year 2016, total 23 SME IPOs raised Rs 148 crore against 12 companies mobilized an aggregate Rs 50 crore during the same period 2015, according to PRIME database.
Total 43 SME IPOs had raised Rs 260 crore in previous calendar year 2015, data shows.
The initial public offerings (IPOs) of KKV Agro Powers, Advance Syntex, Kwality Pharmaceuticals, Titanium Ten Enterprise and Commercial Synbags are open for subscription from June 30.
KKV Agro Powers will list its shares on the small and medium enterprises (SME) platform of National Stock Exchange (NSE), while the remaining four will get listed on BSE's SME platform.
The public issue of Advance Syntex will close on July 4, while that of Titanium Ten Enterprise and Commercial Synbags will close on July 5. KVK Agro Powers issue will close on July 7 and of Kwality Pharmaceuticals on July 8.
KKV Agro Powers is coming out with an IPO of 1,12,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 320 per equity share. The company will use the issue proceeds for setting up of 0.8 MW wind energy project in Tamil Nadu; erection of 33KV electricity transmission line; repayment of term loan; general corporate purposes; and issue expenses.
Commercial Syn Bags is coming out with an IPO of 3.19 million equity shares of face value of Rs 10 each for cash at a fixed price of Rs 24 per equity share. The company will use the issue proceeds for repayment/ prepayment of certain borrowings availed by the company and working capital requirement.
In first five months (January – May) of calendar year 2016, total 23 SME IPOs raised Rs 148 crore against 12 companies mobilized an aggregate Rs 50 crore during the same period 2015, according to PRIME database.
Total 43 SME IPOs had raised Rs 260 crore in previous calendar year 2015, data shows.
