Two IPOs To Hit Market This Week, Eye Rs 1,000 Cr - Dollar Advisory Financial Services

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Monday 19 June 2017

Two IPOs To Hit Market This Week, Eye Rs 1,000 Cr

Two IPOs to hit market this week, eye Rs 1,000 cr

Aiming to tap the upbeat investor sentiment, two companies - CDSL and GTPL Hathway - will launch initial public offers this week to raise over Rs 1,000 crore.

The bidding in BSE-promoted CDSL's IPO will begin on June 19 and close on June 21, while that of GTPL Hathway, part of Hathway Cable and Datacom Ltd, will be open for public subscription from June 21-23.

The IPO of Central Depository Services Ltd's involves its shareholders, including BSE, offloading over 3.5 crore shares through the offer-for-sale route. It has fixed a price band of Rs 145-149.

At the higher end of the price band, the shares are estimated to fetch around Rs 524 crore.

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