IPO Alert : On August 4, not one but three companies have opened their initial public offering. Sangani Hospitals Limited, Concorde Biotech and UD’s Solutions have issued their shares for bidding. Investors can place bets in all three offers till August 8. Let us have a look at the issue size, price band and other details:-
Sangani Hospitals Limited IPO
First of all let’s talk about Sangani Hospitals Limited. This company is a healthcare institute. 3,792,000 shares have been issued with a target of raising funds of Rs 15.17 crore. Bidding has started.
The IPO has been subscribed 0.12 times till 11:23 am. 5.06% shares have been reserved for market makers, 9.49% for QIBs and 42.72% for NII. The listing of the offering will take place on August 17. The allotment will happen on 11th August. The listing platform is NSE and SME. The price band is Rs 37 to Rs 40 per share. And the lot size is 3000 shares.
Concorde Biotech Limited IPO
Concord Biotech Limited is the second IPO. The country’s leading biopharm company has issued a total of 20,925,652 shares under Offer for Sale (OFS) to raise funds of Rs 1,551 crore. Employee discount is Rs 70 per share. The price band is Rs 705 to Rs 741. Lot size is 20 shares. The listing platform is BSE and NSE.
The listing of the issue will take place on August 18. The IPO has been subscribed 0.14 times till 11:28 am today. 28.55% shares have been reserved for QIB, 21.41% for NII, 49.975 for Retail and 0.07% for Employee.
UD’s Solutions Limited IPO
“Yudiz Solutions Limited”, a provider of IT services solutions and consultancy services, has issued an issue of 2,717,600 shares to raise a fund of Rs 44.84 crore. Lot size is 800 shares. The price band is Rs 162 to Rs 165.
The listing platform is NSE and SME. The IPO will be listed on 17 August. 27.97% shares have been reserved for Anchor Investors, 5.03% for Market Makers, 19.13% for QIBs, 14.45% for NII and 33.41% for Retail.
The pre-issue shareholding of the promoters is 100% and the post issue shareholding is 73.66%. The issue has been subscribed 0.05 times till 11:35 am.
