Two IPOs to hit Street this week: All you need to know
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Two IPOs open this week
Godrej Agrovet and MAS Financial Services will hit the market with initial public offerings (IPO) this week.
Here is all you need to know about them.
Here is all you need to know about them.
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Godrej Agrovet:
Godrej Agrovet, promoted by Godrej Industries, is a diversified, research and development focused agri-business company.
It is engaged in operations across five business verticals namely animal feed, crop protection, oil palm, dairy, and poultry and processed foods.
It is engaged in operations across five business verticals namely animal feed, crop protection, oil palm, dairy, and poultry and processed foods.
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IPO details:
The company's IPO opens on October 4 and closes on October 6.
It has fixed price band between Rs 450 to Rs 460 per share for its initial public offer.
It has fixed price band between Rs 450 to Rs 460 per share for its initial public offer.
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Purpose:
The company aims to utilise the net proceeds of the fresh issue for repayment of working capital facilities, repayment of commercial papers issued by the company and general corporate purposes.
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MAS Financial Services:
MAS Financial Services is a Gujarat-based non-banking financial company (NBFC) with more than two decades of business operations and presence across six states and the NCT of Delhi.
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IPO details:
The company's IPO is scheduled to open on October 6 and will close on October 10.
The price band has been fixed at Rs 456 to Rs 459 a share for the issue.
The price band has been fixed at Rs 456 to Rs 459 a share for the issue.
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Purpose:
Net proceeds from the fresh issue will be utilised towards augmenting its capital base to meet future requirements.