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    Four public issues to hit Dalal Street on July 12, check the details here


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    The small and medium enterprise (SME) segment of the primary market has remained busy, although there is no activity in the mainboard segment. On July 12, total four companies will hit Dalal Street, planning to raise Rs 133.34 crore. All these public issues will close on July 16.

    Aelea Commodities IPO

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    The agricultural products trader intends to raise Rs 51 crore through its maiden public issue comprising only a fresh issue of 53.68 lakh equity shares. The price band for the book built issue has been fixed at Rs 91-95 per share.

    The company, which is involved in processing and trading cashews, already raised Rs 14.52 crore from five investors via anchor book at the upper price band. Strategic Sixth Sense Capital Fund, Saint Capital Fund, Rajasthan Global Securities, SB Opportunities Fund I, and Leading Light Fund VCC – The Triumph Fund bought 15.28 lakh equity shares.

    Aelea will spend net fresh issue proceeds for setting up a new manufacturing unit with installation of plant and machinery, and purchasing plant and machinery for its existing manufacturing unit. Further, the remainder funds will be used for general corporate purposes.

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    Sati Poly Plast IPO

    The packaging materials maker targets to mobilise Rs 17.36 crore via its public issue of 13.35 lakh equity shares. This is also a book built issue with a price band of Rs 123-130 per share.

    On July 11, a day before the issue opening, three investors – NAV Capital VCC, Astorne Capital VCC and Craft Emerging Market Fund PCC – invested Rs 4.92 crore in the public issue through anchor book. They bought 3.79 lakh equity shares at a price of Rs 130 per share, the upper price band.

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    The Bihar-based company will utilise IPO funds mainly for working capital requirements, and the remainder for general corporate purposes.

    Prizor Viztech IPO

    The security and surveillance solutions provider is going to mop up Rs 25.15 crore through its initial public offering which consists of solely a fresh issue of 28.91 lakh equity shares. The price band for the book built issue has been fixed at Rs 82-87 per share.

    The Ahmedabad-based company already raised Rs 7.08 crore via anchor book opened for a day on July 11. Four investors – Nova Global Opportunities Fund PCC-Touchstone, Next Orbit Ventures Fund, Vikasa India EIF I Fund-Incube Global Opportunities, and Craft Emerging Market Fund PCC-Elite Capital Fund – participated in company’s anchor book. They bought 8.14 lakh equity shares at Rs 87 per share.

    Prizor, which also offers LED televisions, monitors and touch panels, will utilise the fresh issue proceeds for setting up of Display Centre and Inventory Storage in Ahmedabad, working capital requirements, and general corporate purposes.

    Three M Paper Boards IPO

    The recycled paper-based duplex board products maker is going to mobilise Rs 39.83 crore through its initial public offering of 57.72 lakh equity shares at the upper price band.

    The price band for the book built issue has been fixed at Rs 67-69 per share.

    Three M Paper that provides products for packaging in several industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods, will use IPO funds for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler. Further, the fresh issue money will also be utilised for long-term working capital requirements, repaying debts, and general corporate purposes.

    In addition, on July 22, Prizor Viztech, and Sati Poly Plast will list its equity shares on the NSE Emerge, while the trading in Aelea Commodities, and Three M Paper Boards will commence on the BSE SME.




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