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Windlas Biotech, Devyani International, Krsnaa, Exxaro IPOs open on August 4 ! Know the details.


Good news for investors! lot's of attractive IPOs will open in this month and four of them have already released their dates for the issues in the first week of this month. Windlas Biotech, Devyani International, Exxaro Tiles and Krsnaa Diagnostics, are set to open for subscription today and the three-days initial public offerings (IPOs) of the firms will conclude on August 6.

It just comes after issue of Zomato, Glenmark Life Sciences, Tatva Chintan Pharma Chem Limited and Rolex Rings Limited IPOs and some of them made a stellar debut on the bourses in July.

Details of the IPOs:

Windlas Biotech Limited IPO
It is one of the leading companies in the pharmaceutical formulations contract development and manufacturing organizations (CDMO) segment in India. The company offers a range of CDMO services from product discovery to product development, licensing, and commercial manufacturing of generic products including complex generics.

Company's three-day IPO will open on August 4 and conclude on August 6 and has fixed a price band of ₹448-460 a share for its initial share sale. The IPO comprises fresh issuance of equity shares worth ₹165 crore and and an offer for sale of up to 5,142,067 equity shares.

Devyani International Limited IPO
It is the largest franchisee of Pizza Hut, KFC and Costa Coffee in India. The IPO which open for subscription on August 4 and will close on August 6, has fixed price band of its initial share sale at ₹86-90 per share, and Company will raise about ₹1,838 crore from this IPO.

It is expected that allotment, refunds, accreditation and listing of shares may take place on August 11, 12, 13 and 16 respectively.

Krsnaa Diagnostics Limited IPO
Company is one of the largest differentiated diagnostic service providers in the country and has a wide range of services includes imaging, pathology/clinical labs, and teleradiology services. Its domestic lab chain offers services to the public, private hospitals, community health centres, and medical colleges.

Krsnaa Diagnostics IPO opens on August 4 and will close on August 6 and it consists of a fresh issue of equity shares worth ₹400 crore and an offer for sale of up to 94,16,377 shares by its existing shareholders. The price band of the issue is ₹933 to ₹954 per share, at a face value of ₹5 per equity share. Company wants to raise around ₹1,213.33 crore through its public issue.

Exxaro Tiles Limited IPO
Gujrat based vitrified floor tiles manufacturer and seller Exxaro Tiles Limited, started as a partnership firm in 2007-08 making frit, a raw material used in tile manufacturing, and evolved over the years into a manufacturer of vitrified tiles.

The IPO opens on Wednesday, August 4 and will closed on August 6 has fixed price band of ₹118-120 per share and the firm is is expected to raise ₹150-160 crore from it. 

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