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7 companies are up for IPO, 1 for FPO in September

1. Aditya Birla Investment Fund:

The company has the fourth highest AUM in India and will go public to aggregate Rs. 2000 million. The company’s AUM is Rs. 2.75 trillion. The issue is expected to hit the markets at the end of September.

2. Arohan financial data:

2. Arohan financial data:

A Kolkata-based financial lender’s initial public offering includes a new issue of Rs. 850 crore and an OFS of 27.1 million shares by its shareholders. The total issue size is expected to be 1,800 billion rupees. The company’s key services include providing microfinance facilities to non-banks in 14 low-income countries

3. Cement stick:

3. Cement stick:

The company aims to increase Rs. 1500 by the IPO issue. The IPO is said to be a mix of new issues of up to Rs. 1300 crore and an OFS of up to Rs. 250 crore from the company’s promoter firm, PR Cement Holdings.

4. Sansera technique:

4. Sansera technique:

This is said to be a full OFS from the auto components maker and includes the sale of 17 million shares by promoters and existing shareholders.

5. Shri Bajrang Power and Ispat

5. Shri Bajrang Power and Ispat

The company got SEBI to plan to go public last month. The offering is said to be a new share issue by the steelmaker to aggregate Rs. 700 million euros.

6. Paras Defense

6. Paras Defense

The company has a wide variety of defense and aerospace applications with over 40 years of experience. The company is mainly dependent on government projects for its income. The company can get an Rs. 200 IPO this month.

7. Utkarsh Small Financial Bank:

7. Utkarsh Small Financial Bank:

The small financial bank will join the others on the exchanges to discuss the IPO issue and Rs. 1350 million euros.

8. Ruchi soy:

8. Ruchi soy:

An agriculture-based FMCG company, with Patanjali as its parent company, will make a public offer to aggregate Rs. 4,350 million euros. The FPO is in line with the company’s plan for debt settlement and compliance with the minimum participation norm.

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