Kolkata: September has made a record for IPOs. As many as 25 companies have floated mainboard issues. This is the highest since January 1997, when 28 new issues hit D Street. They have raised more than Rs 13,300 crore during the month said reports. The week beginning on Monday, September 29 will witness four mainboard IPOs. These are Advance Agrolife IPO, Fabtech Technologies IPO, Om Freight IPO and Glottis IPO. Together these issues will raise Rs 852.52 crore between them.
Advance Agrolife IPO
Issue size: Rs 192.86 crore
IPO Open: Sept 30-Oct 3
Price band: Rs 95-100
GMP (On Sept 28 morning): Rs 10
Listing gain indicated: 10%
Nature of offering: Fresh issue of 1.93 crore shares
Smallest investible lot (for Retail investor): 150 shares
Minimum application money: Rs 15,000