Investors giving thumbs up to running IPOs

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IPOs are back in rage. This year in the first six months, loads of IPOs got listed in both SME and main bourses. Investors are flocking towards primary market to invest in new companies. Right now various IPOs are open for subscription. So, we present you list of IPOs which are open for subscription.

ideaForge Technology:

Price Band Rs 638-672 /share

IPO will be open from June 26 -June  29

The company is looking to raise Rs 576 crore from IPO 

Fresh issues comprise Rs 240 crore

48.69 lakh shares will be sold through OFS

The company is in the business of making drone

It has around 50% market share

By the time of writing this story, the IPO has been subscribed 2.87 times

The capital raised will be used for product development, debt repayment and working capital needs

Magson Retail:

Price Band Rs 65/share

IPO will be open for subscription from June 23- June  27

The company is looking to raise Rs 14.74 crore from IPO 

Fresh issue comprise Rs 240 crore

By the time of writing this report, subscribed 1.15 times

The company is in the business of frozen food, gourmet, specialty food retail, and distribution business

Capital raised will be used for opening new stores, storage units and also on backward integration. 

Greenchef Appliances:

Price Band Rs 82-87/share

IPO will be open for subscription from June 23- June  27

The company is looking to raise Rs 53.62 crore from IPO

The entire isseu will be fresh issue

On the eve of the last day, the IPO got subscribed 5.56 times

The company is in the business of kitchen appliances like LPG gas stove

The amount rasied will be used for expenditure on new plants, machinery and working capital

Essen Speciality Films 

IPO has a price band Rs 101-107 per share

IPO will be open for subscription from June 23 to 27 June

The company is looking to raise Rs 66 crore through IPO

Out of that Rs 50 crore will be a fresh issue

Issue has already been subscribed 14.35 times

The company is in the business of home furnishing. It manufactures specialised plastics

The amount raised will be used for debt repayment, working capital needs