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Rs 4,169 crore IPO rush this week: 19 issues to open for subscription; NSE to lead 12 listings

economictimes.indiatimes.com · 8h · first reportShare

India's primary market is set for another busy week, with 19 IPOs opening for subscription and looking to raise about Rs 4,169 crore. The week will be led by mainboard issues such as Elevate Campuses, Varmora Granito, A-One Steels, ArMee Infotech, Swastika Infra and Adroit Industries, while the SME board will also see a packed line-up.Apart from fresh openings, the market will also watch 12 listings, including NSE, whose grey market premium has cooled to around 3%.The biggest IPO opening this week is Elevate Campuses, which will launch its Rs 2,100 crore public issue on September 23 and close on September 25. The company has fixed a price band of Rs 343-362 per share. The issue is entirely fresh, making it the largest fundraise among IPOs opening this week.Varmora Granito will open its Rs 708.02 crore IPO on September 22 and close on September 24. The price band has been fixed at Rs 140-148 per share. The issue includes a fresh issue of Rs 320 crore and an offer for sale of Rs 388.02 c