Five Indian Firms Set for IPOs in Late October

Five Indian Firms Set for IPOs in Late October
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The third week of October is set to witness a series of Initial Public Offerings (IPOs) from five Indian companies, including Blue Jet Healthcare, On Door Concepts, Paragon Fine and Speciality Chemical, Shanthala FMCG Products, and Maitreya Medical Limited.

Today, On Door Concepts, an e-commerce platform offering groceries and home essentials, launched its Small-Medium Enterprise (SME) IPO. The company plans to issue 14.99 lakh shares aiming to raise Rs 31.18 crore.

Tomorrow, Blue Jet Healthcare, a manufacturer of medicinal raw materials, will open its Offer for Sale (OFS). The company plans to offer 2.43 crore shares with a price band of Rs 329 to Rs 346 per share, aiming to raise around Rs 840.27 crore.

On Wednesday, Paragon Fine and Speciality Chemical will initiate its IPO with a price band of Rs 95–Rs 100 per share. The firm targets raising Rs 51.66 crore through this exercise.

Starting Thursday, Shanthala FMCG Products and Maitreya Medical Limited will also commence their IPOs. Shanthala’s IPO is a fixed-price issue priced at Rs 91 per share and aims to amass Rs 16.07 crore. Concurrently, Maitreya Medical Limited’s SME IPO will open with a price band of Rs 78–82 per share. The company plans to issue around 18.16 lakh new shares with the objective of raising Rs 14.89 crore.

These public offerings mark a busy end to the month for the Indian stock market as companies continue to seek capital to fund their growth and expansion plans.

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