IPO Calendar: 3 new issues, 1 listing to watch out for next week
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The mainboard IPO market will have no new issues for the second consecutive week, but the SME segment is more than making up with three new public offers scheduled next week. Tunawal E-Motors, Macobs Technologies and Kataria Industries will launch their respective issues in the SME segment next week. Apart from the above three SME issues, the Street will also see the sole listing of Sahaj Solar Ltd. The lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial share sales in the next few months, according to analysts. What to look forward to on the IPO front next week Tunawal E-Motors IPO The SME IPO of Tunawal E-Motors will open for subscription on July 15 and close on July 18. The company has priced the IPO at Rs 59 apiece, where investors can bid for 2000 shares in one lot. Net proceeds for the public offer will be used for funding working capital requirements, r...