India’s primary markets will witness another active week with four public issues and a company making its debut in the small and medium enterprises (SME) space. This week, the initial public offerings (IPOs) of Tunwal E-Motors Ltd., Kataria Industries Ltd., Macobs Technologies Ltd., and Sanstar Ltd. will open for subscription.
Electric vehicle manufacturer Tunwal E-Motors will kick off the week by opening its IPO for subscription on Monday. The proceeds from these IPOs will be allocated towards funding working capital requirements, research and development, and inorganic growth purposes.
Following Tunwal E-Motors, Kataria Industries is set to launch its IPO on Tuesday, aiming to raise Rs 54.6 crore with an issue price ranging from Rs 91 to Rs 96 per share. Kataria Industries supplies a diverse range of products, including steel.
