Four new initial public offerings will open in the primary market for investors next week, including two mainboard issues and two SME issues. Kusumgar Limited, Devson Catalyst, Happy Steels and Lazer Power & Infra will offer shares to investors.
Kusumgar Limited and Lazer Power & Infra will launch their IPOs in the mainboard segment, while Devson Catalyst and Happy Steels will offer their issues on the SME platform. The companies operate across different sectors and are preparing to raise capital for expansion and business requirements.
Kusumgar Limited’s IPO will open on July 8 and remain available for subscription until July 10. The company has fixed a price band of Rs 398 to Rs 419 per share. One lot will comprise 35 shares, and investors will need to apply for at least one lot.
According to available information, the grey market premium for Kusumgar Limited’s IPO is around Rs 165, higher than that of the other companies’ issues. Market experts said GMP reflects current investor sentiment and may change before listing.
Devson Catalyst’s IPO will open on July 9 and close on July 13. The company has fixed a price band of Rs 112 to Rs 118. One lot will comprise 1,200 shares. Its GMP is reported at around Rs 8.
Happy Steels’ IPO will also remain open from July 9 to July 13. The issue has a price band of Rs 62 to Rs 66 per share, with 2,000 shares in one lot. The IPO’s GMP is currently zero.
Lazer Power & Infra’s IPO will open on July 9 and close on July 13. The company has not yet announced its price band or lot size. According to available information, the issue’s GMP is currently zero.
