Yatharth Hospital among 5 IPOs that will open for subscription this week

The IPO market is currently experiencing a remarkable surge in activity, marked by a substantial increase in the number of companies going public. Businesses from various sectors are opting to raise capital through initial public offerings, attracting significant attention from investors.

This week five public issues are set to debut on Dalal Street. The combined fundraising target for these offerings amounts to Rs 857 crore, with Rs 170 crore coming from the SME segment.

Let’s take a brief look at each one individually.

Yatharth Hospital and Trauma Care Services, a Noida-based hospital chain will be the sole player from the main board, commencing subscription on July 26. The IPO’s price band is set at Rs 285 to Rs 300 each, and the offer will close on July 28, among the mainboard IPOs. It is slated to make its market debut on August 7.

They aim to raise Rs 686.55 crore through its maiden public issue, primarily through a fresh issuance of shares worth Rs 490 crore and an offer for sale (OFS) of 65.51 lakh equity shares by its promoters. The funds raised through the fresh issue will be allocated towards several essential purposes, including debt repayment, capital expenditure for hospitals, and financing inorganic growth initiatives.

The stream of IPOs in the SME segment continues, with four public issues set to debut on Dalal Street, raising a combined total of over Rs 170 crore.

Khazanchi Jewellers, the Chennai-based jewellery maker, will launch its Rs 96.74 crore public issue at an offer price of Rs 140 per share will open on July 24 and will conclude on July 28. The entirety of the issue proceeds, excluding expenses, will primarily be directed toward establishing a new showroom in Chennai and fulfilling the working capital requirements of the existing operations.

Yasons Chemex Care, a dyes manufacturer, will open on July 24 at an offer price of Rs 40 per share. The company aims to raise Rs 20.57 crore through an IPO of 51.42 lakh shares, comprising only fresh issues. The main objective of this public issue is to utilize the funds for the incremental working capital requirements and will close on July 26.

Innovatus Entertainment Networks the third from the SME list, is a direct marketing solution provider and will open its IPO on July 25, seeking to raise Rs 7.74 crore. The offer is scheduled to close on July 27, and the issue price has been fixed at Rs 50 per share.

Shri Techtex last on the list, is set to launch its IPO, commencing on July 26 and concluding on July 28. The price band for the offering is Rs 54 to Rs 61 per share. It specializes in manufacturing polypropylene non-woven fabric. It aims to raise Rs 45.14 crore through the public issue of 74 lakh shares.

The funds raised will be utilised for various purposes, including the construction of a factory shed, the commissioning of a solar plant, the procurement of machinery, and meeting working capital requirements.

 On the listing side, Netweb Technologies India is set to hit the market on July 27 following the successful closure of the Rs 631 crore public issue, high-end computing solutions provider. The public offering received overwhelming demand, with subscriptions exceeding 90 times the available shares.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.