IPOs of FirstCry, Unicommerce, Aesthetik Engineers to open next week
The stock market is gearing up for a busy week, with three new initial public offerings (IPOs) set to open for bidding. Unicommerce and FirstCry are preparing to make their debut on the mainboard segment. In contrast, Aesthetik Engineers will be launching an IPO specifically for small and medium-sized enterprises (SMEs). This follows the recent successful completion of three other IPOs (Akums Drugs and Pharmaceuticals Limited, Ceigall India Limited, and Ola Electric) that collectively raised around ₹9,255 crore.
FirstCry's IPO details
FirstCry's IPO will be open for subscription from August 6 to August 8. The company wants to raise ₹4,193.73 crore through this book-built issue. It plans to issue new shares worth ₹1,666 crore and offer an additional 5.44 crore shares for sale valued at ₹2,527.73 crore. The price band for these stocks has been set at ₹440-₹465 per share.
Unicommerce eSolutions' IPO subscription will open on August 6
Unicommerce eSolutions' IPO will also be open for subscription from August 6 to August 8. The company has valued its book-built issue at ₹276.57 crore, which comprises an offer for sale (OFS) component of 2.56 crore shares. The price band for this IPO has been set between ₹102 and ₹108 per stock.
What about Aesthetik Engineers?
Aesthetik Engineers's IPO will be open for subscription from August 8 to August 12 this year. The company aims to raise ₹26.47 crore through a fresh issue of 45.64 lakh stocks with no OFS component. The price band for this IPO has been set between ₹55 and ₹58 per share.
