111141What problems are there with recycled mobile numbers?

IPO market was lacklustre for quite some time. Now it seems that the tide is turning and there are a slew of companies that are looking to bring their IPOs. So let’s have a look at them.

First one is HMA Agro. Currently, the subscription for IPO of HMA Agro is open. It opened on 20th June and will remain available till June 23.  The company is one of the biggest exporters of frozen buffalo meat. Its price band is between Rs 555-585 per share. The company is looking to raise Rs 480 crore from IPO. It comprises fresh equity of Rs 150 crore and the offer for sale accounts for Rs 330 crore. The money will be used for fulfilling the requirements of working capital. As on 4:51 pm on June 21, a total 55% is subscribed.

Another upcoming IPO is ideaForge Tech. It is the country’s largest drone maker. The date for subscription is 26th June – 29th June. The price band for the share Rs 638-672 per share. The total size of IPO will be Rs 567 crore. Out of that Rs 240 crore will be a fresh issue. There is an offer for the sale of 48.69 lakh shares. The company have backers like Qualcomm & Infosys. The raised capital is stated to be used for debt repayment, product development and working capital.

Besides this, there is one more big news from the IPO world. In India, Blackstone is looking to issue the Asia’s largest REIT (Real Estate Investment Trust) IPO. It is reported by Hindu Businessline that Blackstone’s office-based REIT will have an IPO of size $800mn-$1 bn. This REIT will have 45 msf (million square feet) assets. This would also include Nucleus Office Parks. The REIT is reported to be issued next year. This is an interesting development because right now commercial real estate sector is not having the best of days.