Three Indian companies are set to launch their initial public offerings (IPOs), aiming to raise a substantial amount of capital. The upcoming IPOs are Pyramid Technoplast IPO, Aeroflex Industries IPO, and Balaji Speciality Chemicals BSCL IPO.
- Pyramid Technoplast is a manufacturer of polymer-based packaging products. The company plans to raise Rs. 153.05 crore through its IPO. Pyramid Technoplast IPO will open for subscription on August 18 and close on August 22. The price band is set at Rs. 151-166 per share.
- Aeroflex Industries is a manufacturer and supplier of metallic flexible flow solution products. It is a subsidiary of SAT Industries Limited, which is already a listed company on the NSE and BSE. The company plans to raise Rs. 350 crore through its IPO. Aeroflex Industries IPO will open for subscription on August 21 and close on August 23. The price band is yet to be decided.
- Balaji Speciality Chemicals is a manufacturer of specialty chemicals and a subsidiary of Balaji Amines Limited, which is already a listed company on the NSE and BSE. The company plans to raise Rs. 425 crore through its IPO. Balaji Speciality Chemicals IPO will open for subscription on August 18 and close on August 22. The price band is yet to be decided.
The IPOs are anticipated to receive positive attention from investors, as all three companies have strong track records and are in growing industries. Pyramid Technoplast is the market leader in polymer drums for packaging in India, while Aeroflex Industries is a manufacturer and supplier of metallic flexible flow solutions to the automotive, steel, and telecom industries. Balaji Speciality Chemicals is the sole manufacturer in India of niche chemicals that are used in various end-use industries such as speciality chemicals, agrochemicals, and pharmaceuticals.
The IPOs come at a time when the Indian stock market is on a bull run. The Sensex has risen by over 10% in the past year, and the Nifty has risen by over 15%. This has made it an attractive time for companies to go public and raise capital.
Investors who are interested in participating in the IPOs can apply online through a broker. The IPOs are expected to be listed on the BSE and NSE.
The IPOs of Pyramid Technoplast, Aeroflex Industries, and Balaji Speciality Chemicals are a sign of the growing confidence of Indian companies in the stock market. These IPOs are expected to raise significant amounts of capital for the companies, which they can use to expand their businesses and create new jobs.