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Activity in the primary market remained largely unaffected despite rising geopolitical tensions in the Middle East and rising crude oil prices. In the new week starting March 9, 4 new initial public offerings (IPOs) are opening for subscription, while 4 other companies are also ready to make their debut in the stock markets. Of these IPOs, 3 are from the mainboard segment and 1 from the SME segment.
Rajputana Stainless
IPO launch of Rajputana Stainless
Stainless steel products maker Rajputana Stainless is the first mainboard IPO to open this week. Subscription for this issue of Rs 255 crore opened on March 9 and will close on March 11. The company has set the price at Rs 116-122 per share. The issue comprises a fresh issue of 1.46 crore shares worth Rs 178.7 crore and an offer for sale (OFS) of 62.5 lakh shares worth Rs 76.25 crore.
highway infra
IPO worth Rs 6,000 crore will come on March 11
Innovision, a provider of manpower services and toll plaza management solutions, will launch a Rs 323 crore IPO on March 10. It will remain open for subscription till March 12. The company has set the price per share at Rs 521-548. Highway Infra Investment Trust is going to launch the largest IPO, worth Rs 6,000 crore. Its subscription will start from March 11 and will close on March 13. The share price has been fixed at Rs 99-100/unit.
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