Three IPOs opening today: Each sports robust GMP; check price band, lot size

The primary market is bustling with energy. As many as three public issues are opening today and each are showing a significant GMP. These are Kanohar Electricals IPO, Prasol Chemicals IPO and Glass Wall Systems IPO.

Kolkata: As many as three IPOs are throwing opening their bidding windows today, September 8. These are Kanohar Electricals IPO, Prasol Chemicals IPO and Glass Wall Systems IPO. Together they intend to raise Rs 1,983.63 crore. The interesting point is that all three issues are running a significantly high GMP. Let’s have a look at all the issues.

Kanohar Electricals IPO intends to raise Rs 1,055.74 crore through a combination of fresh issue of 47.47 lakh shares aggregating to Rs 300.00 crores and an OFS segment of 1.20 crore shares amounting to Rs 755.74 crores.

Prasol Chemicals IPO intends to mobilise Rs 500.00 crore through a combination of fresh issue of 11.83 lakh shares aggregating to Rs 80.00 crores and offer for sale of 62.13 lakh shares aggregating to Rs 420.00 crores.

Glass Wall Systems IPO is designed to mop up Rs 427.89 crore through a combination of fresh issue of 32.97 lakh shares........

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