IPO Alert : On the same day i.e. 6th September, two companies have opened their respective initial public offerings. Investors can place bets in the IPO of Kau Packaging Limited and Jupiter Life Line Hospitals Limited till September 8. The listing platform of both is BSE and NSE. Both the companies will list the issue on September 18.
Jupiter Life Line Hospitals Limited IPO
Jupiter Life Line Hospitals Limited has issued 11,824,163 shares to raise funds of Rs 869.08 crore. 7,374,163 shares have been issued as a fresh issue. At the same time, 4,450,000 shares have been issued as an offer for sale. The issue has been subscribed 0.20 times till 11:21 am.
The company has reserved 29.80% shares for anchor investors, 20.53% for QIBs, 14.90% for NII, and 34.77% for retail investors. The price band ranges from Rs 695 to Rs 735. Lot size is 20 shares. The proceeds raised from the IPO will be used by the Company and the material subsidiary to repay, in full or in part, the borrowings from banks and for general corporate purposes.
OU Packaging Ltd IPO
Kahan Packaging Limited has opened its IPO today. As of 11:33 am it has been subscribed 13.30 times. The company has issued 720,000 shares to raise funds of Rs 5.76 crore. 5.56% shares have been reserved for market makers, 47.33% for retail and 47.11% for others.
The pre-issue shareholding of the promoters is 99.95%, while the post-issue shareholding is 73.49%. The price is Rs 80 per share. The lot size is 1600 shares. The funds raised from the IPO will be used to meet working capital requirements and general corporate purposes.
