Tag Archive for files

Emami Cement Limited files DRHP with SEBI Cement sector IPO after almost a decade

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Emami Cement Limited (ECL), named among the leading cement manufacturing companies in Eastern India, filed its DRHP with SEBI on October 12, 2018.

ECL established an installed manufacturing capacity of 5.60 million metric tonne per annum (“MMTPA”) in their first two years of commercial operations, making them one of the fastest growing cement companies to achieve such feat amongst cement manufacturers operating in Eastern India. For the three months ended June 30, 2018, ECL had a market share of 5% in terms of cement sales volume, while installed cement manufacturing capacity represented 6% of the total installed capacity in Eastern India (including North East) in Fiscal 2018. (Source: CRISIL Report). ECL currently operates three manufacturing plants and are in the process of setting up another plant, which subject to receipt of necessary approvals is expected to result in an aggregate installed capacity of 9.30 MMTPA of cement and 3.20 MMTPA of clinker by April 2019. Read more

Stove Kraft Limited files Offer Document for IPO

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Stove Kraft Limited, a kitchen solutions and an emerging home solutions brand (Pigeon, Gilma, Black + Decker), has filed Offer Document for an Initial Public Offer Of Up To [●] Equity Shares Of Face Value Of ₹10 Each (“Equity Shares”) Of Stove Kraft Limited (“Company” Or “Issuer”) For Cash At A Price Of ₹[●] Per Equity Share (Including A Share Premium Of ₹[●] Per Equity Share) (“Offer”) Comprising Of A Fresh Issue Of [●] Equity Shares Aggregating Up To Rs. 1,450.00 Million ( “Fresh Issue”) And An Offer For Sale Of Up To 7,163,721 Equity Shares Comprising Of Up To 640,906 Equity Shares By Promoter, Rajendra Gandhi, Up To 250,000 Equity Shares By Promoter, Sunita Rajendra Gandhi (“Promoter Selling Shareholders”), Up To 1,311,205 Equity Shares By Sequoia Capital India Growth Investment Holdings I (“SCI-GIH”) And Up To 4,961,610 Equity Shares By SCI Growth Investments Ii (“SCI”, Together With SCI-GIH, “Investor Selling Shareholders”) (The Investor Selling Shareholders Together With The Promoter Selling Shareholders, The “Selling Shareholders”), And Such Offered Shares, The “Offered Shares”) (“Offer For Sale”).

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on Stock Exchanges. Read more

Chartered Speed Limited files DRHP with SEBI

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Chartered Speed Limited (CSL), engaged in the business of providing passenger mobility solutions across various modes of surface transport in India with an operational fleet of over 750 passenger vehicles and over 430 Smart Bikes, filed its DRHP with SEBI.

CSL is one of the leading fleet bus operators in India for inter-city and intra-city passenger mobility operations (Source: CRISIL Report). They provide inter-city passenger mobility solutions through bus operations largely focused in Central and Western India with an expanding footprint in Northeastern India.

The IPO Initial Public Offering (IPO) comprises equity shares of face value Rs. 10 each (“Equity Shares”) of Chartered Speed Limited aggregating up to Rs. 2,730.00 million (“Offer”). The offer comprises a fresh issue aggregating up to Rs. 2,250.00 million (“Fresh Issue”) and an offer for sale of up to aggregating up to Rs. 480.00 million. The selling shareholders being the promoters, for amount aggregating up to Rs. 240.00 million by Pankaj Kumar Gandhi and amount aggregating up to Rs. 240.00 million by Alka Pankaj Gandhi (“Offer For Sale”). Read more

Metropolis Healthcare files Offer Document for an IPO

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Metropolis Healthcare Limited (“Metropolis” or the “Company”), one of the leading diagnostics companies in India, by revenue, as of March 31, 2018 (Source: Frost & Sullivan), has filed an offer document (“Draft Red Herring Prospectus” or “DRHP”) with the Securities Exchange Board of India (SEBI) thereby proposing (subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations) an Initial Public Offering (IPO) of its Equity Shares.

Under the leadership of Ameera Shah (Managing Director), Metropolis has developed a widespread presence across 18 states in India, as of March 31, 2018, with leadership position in west and south India (Source: Frost & Sullivan). Through its widespread operational network, it offers a comprehensive range of clinical laboratory tests and profiles, which are used for prediction, early detection, diagnostic screening, confirmation and/or monitoring of the disease. It also offers analytical and support services to clinical research organizations for their clinical research projects. During the financial year 2018, it conducted approximately 16.0 million tests from approximately 7.7 million patient visits.

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale. The Company’s Initial Public Offering comprises up to 15,269,684 equity shares of Face Value of Rs. 2 each (the “Equity Shares”) for cash at a Price per Equity Share; consisting of an Offer for Sale of up to 5,017,868 Equity Shares by Dr. Sushil Kanubhai Shah (the “Promoter Selling Shareholder”) and up to 10,251,816 Equity Shares by CA Lotus Investments (the “Investor Selling Shareholder”). The Offer Includes a reservation of up to 300,000 Equity Shares for Subscription by Eligible Employees (The “Employee Reservation Portion”). The Offer less The Employee Reservation Portion is hereinafter referred to as The “Net Offer” and such Net Offer aggregates up to 14,969,684 Equity Shares. Read more

Flair Writing Industries Limited files DRHP with SEBI

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Flair Writing Industries Limited (Flair), a leading manufacturer of writing instruments in India with a focus on pens, which according to CRISIL contributes 70-75% of the domestic writing instruments industry in India in value terms, filed its DRHP with SEBI on September 24, 2018.

 

The Company’s flagship brand “Flair” was introduced in 1976. As of June 30, 2018, Flair had one of the largest distributor/dealer networks in the pen segment in India comprising more than 7,250 distributors and approximately 250,000 wholesalers and retailers, according to CRISIL.

Flair’s products are sold under principal brands “Flair”, “Hauser” and “Pierre Cardin”, as well as other brands “Rudi Kellner” and “Landmark”. They have been a manufacturer since March 2017 and the exclusive distributor since January 2017 of certain “Reynolds” branded pens in India. Flair owns the exclusive rights to the “Pierre Cardin” trademark in India for class 16 products, including pens and also are distributor of “ZIG” pens in India. Read more

Shri Bajrang Power and Ispat Limited files for IPO

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shri Bajrang Power and Ispat Limited, the flagship company of the Goel Group of companies, is an integrated manufacturer of long steel products in India filed its DRHP with SEBI (http://www.equirus.com/pdf/Shri%20Bajrang%20Power%20and%20Ispat%20Ltd_DRHP.pdf)

 

The Initial Public Offer (IPO) comprises of equity shares of face value of Rs. 10 each (“Equity Shares”) of Shri Bajrang Power and Ispat Limited (“Company” or the “Issuer”) aggregating up to Rs. 500 crore.

 

The proceeds from the net public issue will be utilized towards: (a) Repayment/pre-payment, in full or part, of certain borrowings availed by the Company (Rs. 375 crore); and (b) for General corporate purposes.

In addition to its existing facilities the Company plans to increase production capacities. The facilities above are expected to be fully commissioned during Financial Year 2020. On completion of the above expansion plans, the Company’s aggregate installed capacity is expected to increase from 360,000 TPA to 510,000 TPA, for sponge iron production; and from 235,200 MTPA to 264,000 MTPA, for Billets and Blooms.

 

The Company is setting up of an additional sponge iron plant, of 150,000 TPA, at the Unit III Tilda facility. This would significantly enhance sponge iron output and doubling it from 150,000 TPA to 300,000 TPA.

The Company is setting up a replacement facility at Unit III, comprising of: (a) steam turbines capable of generating 30 MW per day, (b) waste heat recovery boilers with an aggregate capacity of 62 TPH; and, (c) machinery for facilitating the transfer of surplus power from Unit III to Unit I, (namely an external combustor, 132 Kva power transmission lines, and, a sub-station with 20/25 Mva generator transformer). Read more

Shri Bajrang Power and Ispat Limited files DRHP with market regulator SEBI

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Shri Bajrang Power and Ispat Limited, the flagship company of the Goel Group of companies, is an integrated manufacturer of long steel products in India filed its DRHP with SEBI.

The Initial Public Offer (IPO) comprises of equity shares of face value of Rs. 10 each (“Equity Shares”) of Shri Bajrang Power and Ispat Limited (“Company” or the “Issuer”) aggregating up to Rs. 5,000 million.

The proceeds from the net issue will be utilized towards: (a) Repayment/pre-payment, in full or part, of certain borrowings availed by the Company (Rs. 3750 million); and (b) for General corporate purposes.

IDBI Capital Markets & Securities Limited, Equirus Capital Private Limited and SBI Capital Markets Limited are the book running lead managers to the issue.

The equity shares will be listed on BSE and NSE. Read more

Studds Accessories Limited files DRHP with SEBI

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Studds Accessories Limited, the largest manufacturer of two-wheeler helmets in the world in terms of volume of two-wheeler helmets sold in Fiscal 2018 (Source: F&S Report), filed its DRHP with SEBI.

 

Studds Accessories, flagship brand Studds, is the largest selling two-wheeler helmet brand in India in terms of volume of two-wheeler helmets sold in India in Fiscal 2018 (Source: F&S Report), is marketed and sold in 21 countries as of June 30, 2018.

 

Studds Accessories is are currently the only manufacturer of premium two-wheeler helmets in India (Source: F&S Report) and SMK brand of two-wheeler helmets is marketed in 23 countries in Europe, Asia and Latin America as of June 30, 2018.

 

The IPO Initial Public Offering (IPO) comprises of equity shares of face value of Rs. 5 each (“Equity Shares”) of Studds Accessories Limited (“Company” or the “Issuer”) comprising a fresh issue aggregating up to Rs. 98 crore (the “Fresh Issue”) and an offer for sale of up to 3,939,000 equity shares comprising up to 2,331,880 equity shares by Mr. Madhu Bhushan Khurana and up to 294,720 equity shares Sidhartha Bhushan Khurana (together, the “Promoter Selling Shareholders”) and up to 1,312,400 equity shares by the other selling shareholders (as defined hereinafter, and together with the promoter selling shareholders, the “Selling Shareholders”).

 

The Company proposes to utilize the Net Proceeds raised through the Fresh Issue for: (i) Part-financing the motorcycle helmet and accessories manufacturing facility situated in Faridabad (“Manufacturing Facility III”); (ii) Part-financing the bicycle helmet manufacturing facility situated in Faridabad (“Manufacturing Facility IV”); and (iii) General corporate purposes.

 

Edelweiss Financial Services Limited and IIFL Holdings Limited are the book running lead managers.

 

The equity shares will be listed on BSE and NSE. Read more

Harsha Engineers files DRHP with SEBI

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Harsha Engineers, the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel and polyamide bearing cages market in terms of revenue, filed its DRHP with SEBI on August 20, 2018.

 

The IPO Initial Public Offering (IPO) comprises public offer of equity shares of Harsha Engineers Limited (“Company”) consisting of a fresh issuance aggregating up to Rs. 3,700 million (“Fresh Issue”) and an offer for sale of up to 331,250 equity shares by Rajendra Shantilal Shah and up to 331,250 equity shares by Harish Ranjit Rangwala (“Promoter Selling Shareholders”) and up to 331,250 equity shares by Nirmala Rajendra Shah and up to 331,250 equity shares by Charusheela Harish Rangwala (the “Promoter Group Selling Shareholders”). The offer includes a reservation for subscription by eligible employees (“Employee Reservation Portion”). The offer less the employee reservation portion is referred to as the “Net Offer”.

 

The Company proposes to utilize the Net Proceeds raised through the Fresh Issue for: (a) Pre-payment or scheduled repayment of certain indebtedness availed by our Company; (b) Purchase of machinery in India; (c) Investment in Subsidiaries: (i) Investment in Harsha Engineers Europe SRL by ways of equity infusion; and (ii) Investment in Harsha Precision Bearing Components (China) Co. Ltd., in the form of debt capital. (d) Infrastructure development for our existing facilities in India; and (e) General corporate purposes.

 

Axis Capital Limited and Edelweiss Financial Services Limited are the book running lead managers.

 

The equity shares will be listed on BSE and NSE. Read more

AGS Transact Technologies Limited files DRHP with SEBI

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

AGS Transact Technologies, one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology, filed its DRHP with SEBI.

AGS Transact Technologies Limited (AGS) is one of India‘s leading providers of end-to-end cash and digital payment solutions and automation technology. AGS provides customised products and services comprising ATM outsourcing and cash management, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets.

 

As of March 31, 2018, the company is the second largest company in India in terms of number of ATMs managed, revenue from ATM managed services and number of ATMs provided with cash management services, and the fourth largest company in India in terms of revenue from cash management (Source: India ATM Managed Services Market Outlook to 2023, Ken Research, June 2018).

 

The IPO Initial Public Offering (IPO) comprises of equity shares of face value of Rs. 10 each of AGS Transact Technologies Limited (the “Company”) aggregating up to Rs. 10,000 million. The fresh issue of up equity shares aggregating up to Rs. 4,000 million (the “Fresh Issue”) and an offer for sale aggregating up to Rs. 6,000 million comprising an offer for sale by Mr. Ravi B. Goyal (the “Promoter Selling Shareholder”) and by the other selling shareholders (as defined hereinafter, collectively with the promoter selling shareholder, the “Selling Shareholders” and such offer of equity shares by the selling shareholders, the “Offer For Sale”).

 

The Company and the Promoter Selling Shareholder may consider a pre-Offer placement of up to 5,000,000 Equity Shares for an aggregate amount not exceeding Rs. 1,250 million at their discretion (the “Pre-IPO Placement”).

 

The Company proposes to utilize the Net Proceeds raised through the Fresh Issue for: (i) Repayment or pre-payment of certain loans granted by certain banks and financial institutions; and (ii) General corporate purposes.

 

ICICI Securities Limited, Axis Capital Limited, HDFC Bank Limited, IIFL Holdings Limited, IndusInd Bank Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers.

 

The equity shares will be listed on BSE and NSE. Read more