GR Infraprojects, Glenmark Life Sciences, Utkarsh Small Finance Bank and Seven Islands Shipping are among the companies which are expected to issue their initial public offerings or IPOs in July. According to Mint Live, at least 11 companies are supposed to launch their IPOs to raise around ₹24,000 crore. The Varanasi-headquartered lender would utilise proceeds from the fresh issue to augment the tier 1 capital base to meet future capital requirements. The three-day initial public offer (IPO) will open on July 7 and conclude on July 9. The Kolkata-based non-banking financial company’s ₹1,800 crore worth offer includes fresh issue worth ₹850 crore and an OFS, it added.

Source: Hindustan Times July 04, 2021 03:22 UTC