Ramky, Orient Green and Electrosteel announces IPO opening
There is no denying the fact that the sensex has been back in the groove for the past many months now and as the bullish sentiment is expected to continue for the coming times, many companies have decided to knock the door of the stock markets.
In fact, analysts are also claiming this period as optimal for IPO listing on the markets. Players like Orient Green Power, Ramky Infrastructure and Electrosteel Steels have announced the opening of its IPO today.
For the record, names like Eros International, Career Point and Microsec Financial saw its IPO closing on the markets today. It is to be mentioned here that OGPL has a target to raise close to Rs. 900 crore from this IPO.
For the uninitiated, the share price of the company is moving in the price band of Rs. 47-55 per share. Names like JM Financial Consultants Private Limited, Goldman Sachs (India) Securities Private Limited, UBS Securities India Private Limited and Axis Bank Limited are working as the book running lead managers to the issue.
Ramky Infrastructure, which is a part of the Ramky Group will be aiming to raise close to Rs. 530 crore via its IPO.