IPO Corner: 4 companies are all set for a D-Street debut

Interarch Building and Gala Precision Get Sebi Nod for IPOs

Interarch Building Products and Gala Precision Engineering received Sebi approval to go ahead with initial public offers (IPOs). The IPO of Mumbai-based Gala Precision will be a mix of a fresh issue of 25.6 lakh shares and an OFS of 6.16 lakh shares. The company is a precision component manufacturer of technical springs like disc and strip springs, supplying to original equipment manufacturers (OEMs).
Interarch Building Products, a pre-engineered steel construction solution provider, will be raising ₹200 crore from fresh issues. Shareholders will sell 44.4 lakh shares.

Mamata Machinery, Shivalik Engineering Files IPO Papers


Mamata Machinery and Shivalik Engineering Industries have filed draft red herring prospectus (DRHP) with Sebi for their initial public offers (IPOs). Mamata Machinery is an Ahmedabad-based manufacturers and exporters of plastic bags and pouch making machines, packaging machines and extrusion equipment. The IPO will consist of an offer for sale (OFS) of 73.8 lakh shares. The Shivalik Engineering Industries’ IPO, with a face value of ₹5 per equity share, is a mix of fresh issue of shares up to ₹335 crore and an offer for sale of up to 41.3 lakh shares.