Next week, 2 Initial Public Offers (IPOs) will open for listing in the stock market. These include Emcure Pharmaceuticals Limited and Bansal Wire Industries Limited. The IPOs of both the companies will be open for retail investors from July 3 to July 5. On July 10, the shares of both the companies will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Let us know about the IPOs of these two companies one by one. Emcure Pharmaceuticals Limited Emcure Pharmaceuticals Limited wants to raise a total of ₹ 1,952.03 through this IPO. For this, the company is issuing 7,936,507 fresh shares worth ₹ 800 crore. Whereas, the existing investors of the company are selling 11,428,839 shares worth ₹ 1,152.03 crore through Offer for Sale i.e. OFS. Retail investors can bid for a maximum of 196 shares Emcure Pharmaceuticals Limited has fixed the price band of this issue at ₹960-₹1008. Retail investors can bid for a minimum of one lot i.e. 14 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹1008, then you will have to invest ₹14,112 for it. On the other hand, retail investors can apply for a maximum of 13 lots i.e. 196 shares. For this, investors will have to invest ₹197,568 as per the upper price band. Emcure Pharmaceuticals’ premium in the grey market is 26.88% Before the IPO opened, the company’s shares have reached a premium of 26.88% i.e. ₹271 per share in the grey market. In such a situation, according to the upper price band of ₹ 1008, its listing can happen at ₹ 1279. However, this can only be estimated, the listing price of the share is different from the grey market price. Emcure Pharmaceuticals was established in 1981 Emcure Pharmaceuticals is an Indian pharma company, which was established in 1981. The company manufactures medicines and markets them globally as well as does research. Emcure Pharmaceuticals has 13 manufacturing facilities in India. These facilities can produce different pharmaceutical and biopharmaceutical products, including tablets, liquid substances and injections. Bansal Wire Industries Limited Bansal Wire Industries Limited wants to raise a total of ₹ 745 crore through this IPO. For this, the company is issuing 29,101,562 shares worth a total of ₹745 crores. The existing investors of the company are not selling a single share through the Offer for Sale. Retail investors can bid for a maximum of 754 shares. Bansal Wire Industries Limited has fixed the price band of this issue as ₹243-₹256. Retail investors can bid for a minimum of one lot i.e. 58 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹256, then you will have to invest ₹14,848 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 754 shares. For this, investors will have to invest ₹193,024 as per the upper price band. Bansal Wire Industries was founded in 1985 Bansal Wire Industries Limited is a stainless steel wire manufacturing company, founded in December 1985. The company manufactures more than 3,000 types of steel wire products, ranging in size from very thin to very thick. Along with selling its products in the country, the company also exports its products to more than 50 countries. 35% share in both IPOs reserved for retail investors In both IPOs, 50% of the issue has been reserved for Qualified Institutional Buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). What is an IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.
