Two IPOs will be open this week, let’s know about both the companies

Glenmark Life Sciences and Rolex Rings’ IPO is going to open this week. The IPO of Glenmark Life Sciences, an active pharma ingredients company, will open on July 27 and close on July 29. The price band of Glenmark Life Science is Rs 695-720.

Glenmark Life Science will issue a fresh issue of Rs 1060 crore and 63 lakh shares will be sold in the offer for sale. According to the higher price band, the company will raise Rs 1513.6 crore through this IPO.

Whereas a day later on August 28, the IPO of Rolex Rings will open. Investors will be able to invest in the IPO of this company till July 30. The price band of this IPO has been fixed at Rs 880-900.

Rolex Rings plans to raise Rs 731 crore through this IPO. Rolex Rings Limited said that bids for anchor investors will open on July 27. The IPO of Rolex Rings will see issue of fresh shares worth Rs 56 crore, while it includes an offer for sale of 7.5 million equity shares by existing investors.

READ REGULAR BUSINESS NEWS? CLICK HERE TO DOWNLOAD APP