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The third week of October will witness a series of initial public offerings (IPOs) of five Indian companies including Blue Jet Healthcare, On Door Concepts, Paragon Fine and Specialty Chemical, Shanthala FMCG Products and Maitreya Medical Limited.
Today, On Door Concepts, an e-commerce platform offering groceries and household essentials, launched its initial public offering for small and medium enterprises (SMEs). The company plans to issue 14.99 lakh shares with a target of raising Rs 31.18 crore.
Tomorrow, Blue Jet Healthcare, a manufacturer of medicinal raw materials, will open its Offer for Sale (OFS). The company plans to offer 2.43 crore shares with a price band of Rs 329 to Rs 346 per share, aiming to raise around Rs 840.27 crore.
On Wednesday, Paragon Fine and Specialty Chemical will begin its initial public offering with a price band of Rs 95 to Rs 100 per share. The company aims to raise Rs 51.66 crore through this financial year.
Starting Thursday, Shanthala FMCG Products and Maitreya Medical Limited will also begin their IPOs. Shanthala’s IPO is a fixed price issue of Rs 91 per share and aims to amass Rs 16.07 crore. At the same time, Maitreya Medical Limited’s SME IPO will open with a price band of Rs 78 to Rs 82 per share. The company plans to issue around 18.16 lakh new shares with a target of raising Rs 14.89 crore.
These public offerings mark a busy end to the month for the Indian stock market as companies continue to seek capital to fund their growth and expansion plans.
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