Five IPOs hit market today

Five companies' initial public offerings (IPOs) are set to open for subscription on Monday. Among them, IRCTC is the biggest and widely-tracked IPO, through which the Government plans to raise about Rs 645 crore and divest around 2 crore share at a price band of Rs 315 - 320 a share. The market lot is 40 shares.

Also read:With an IPO around the corner, you can book a stake in IRCTC

Among the five, three - Goblin India, Gensol Engineering and Company and Tutorials Point India - are raising funds through the SME exchange of BSE.

Vishwaraj Sugar Industries plans to raise Rs 60 crore through a fresh issue as well as offer for sale by selling shareholders. It plans to issue 30 lakh shares and an OFS of 70 lakh shares at a price band of Rs 55-60. Minimum lot quantity is 240 shares. The company plans to raise funds for working capital needs.

Goblin India plans to raise about Rs 15 crore through BSE-SME to set up a manufacturing and assembling unit. The issue price is Rs 50-51 a share and the market lot is 2,000 shares.

Hyderabad-based Tutorials Point India plans to raise about Rs 20 crore by selling 31.4 lakh shares at Rs 60-64 a share. Through the funds raised, it  plans to create, develop and market e-tutorial content for sixth to 12th standard classes and to acquire hardware company.

Gensol Engineering and Company , EPC and solar advisory company, plans to raise about Rs 18 crore through BSE-SME. It plans to sell 21.60 lakh shares at a price band of Rs 81-83. The market lot is 1600 shares.