Two IPOs to watch out for next week
Shital Jibhe / 21 Jan 2017
Asia's oldest bourse BSE will open for public subscription its much-awaited initial public offering (IPO) on January 23, 2017. The issue will close on January 25, 2017.
Asia's oldest bourse BSE will open for public subscription its much-awaited initial public offering (IPO) on January 23, 2017. The issue will close on January 25, 2017. The public offer will see sale of 15,427,197 shares by existing shareholders (close to 30 per cent of the total holding) through the offer for sale (OFS) route. The price band for the IPO is set at Rs 805-806 per share and the minimum order would be 18 shares. This IPO is expected to get a huge response fro retail investors.
Madhav Copper, a part of Madhav Group, will launch its IPO on January 23, 2017. The issue will close on January 27, 2017. The IPO will consist of 5,53,600 equity shares of face value Rs 10 per share. The offer price is Rs 81 per equity share and the minimum order quantity would be 1,600 shares.
Madhav Copper is engaged in the business of enamelled copper wire and has four manufacturing facilities with ISO accreditations. The Madhav Group has a diverse product portfolio ranging from ferrous product TMT bars, round bars, ingots, ship breaking, construction, diamond and jewellery, etc.