Upcoming IPOs Next Week, Purple Style Labs Among 7 Issues Set To Open
Mumbai: India’s primary market is headed for another busy week , with seven initial public offerings (IPOs) scheduled to open for subscription across the mainboard and SME segments. Three mainboard issues — Purple Style Labs, Deepa Jewellers and Rays of Belief — aim to collectively raise more than ₹1,265 crore. Four SME IPOs — Ashutosh Fibre, Shanti Inorganics, Phychem Technologies and Farm Peace…
Next week's Indian market is set to witness a flurry of Initial Public Offerings (IPOs), with seven new companies slated to go public on the mainboard and SME segments. Among these, Purple Style Labs, Deepa Jewellers, and Rays of Belief are the three mainboard issues, aiming to collectively raise over ₹1,265 crore. The Purple Style Labs IPO is scheduled to open on August 31 and close on September 2, with a book-built issue of ₹680 crore comprising a fresh issue of 1.18 crore shares at a price band of Rs 546-Rs 575 per share.
Rays of Belief will follow on September 1, closing on September 3, offering a fresh issue of 52 lakh shares at a price band of Rs 227-₹239. Deepa Jewellers will also open on September 1, concluding on September 3, with a Rs 459.72-crore issue including a fresh issue of Rs 250 crore and an offer-for-sale of Rs 209.72 crore, priced between Rs 168-Rs 177 per share.
Brief written by urgent.news from Free Press Journal's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
