Tag Archive for IPO

Neogen Chemicals Limited: IPO opens on April 24, 2019 with Price Band of Rs.212 – Rs.215 per Equity Share of Face Value of Rs. 10 each

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

· Price Band: Rs. 212 to Rs. 215 per equity share of face value Rs. 10 each (the “Equity Shares”)

· The minimum Bid lot is 65 Equity Shares and in multiples of 65 Equity Shares thereafter

· Initial Public Offering to open on April 24, 2019 and to close on April 26, 2019 Read more

Neogen Chemicals Limited files DRHP with SEBI for IPO

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

Neogen Chemicals Limited (NCL), one of India’s leading manufacturers of bromine-based, and lithium-based, specialty chemicals. Specialty chemicals are those chemicals that impart different properties to a variety of products (i.e. the effect that specialty chemicals have varies based on the product), filed its DRHP with SEBI.

NCL is engaged in the manufacturing of specialty organic bromine-based chemical compounds (Bromine Compounds) and other specialty organic chemical compounds as well as specialty inorganic lithium-based chemicals compounds (Lithium Compounds and together with the Bromine Compounds the Products). NCL commenced business operations in 1991, at Mahape, Navi Mumbai manufacturing with a few Bromine Compounds and Lithium Compounds. Over the years they expanded their range of products and, presently, manufacture an extensive range of specialty chemicals which find application across various industries in India and globally. As on September 30, 2018, NCL have manufactured an aggregate of 187 products comprising 170 organic chemicals and 17 inorganic chemicals.

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Polycab India Limited files DRHP with SEBI for an IPO

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

Polycab India Limited (PIL), who are engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods (“FMEG”) under the “POLYCAB” brand, filed its DRHP with SEBI for an initial public offering (IPO).

 

According to CRISIL Research, PIL is the largest manufacturer in the wires and cables industry in India, in terms of revenue from the wires and cables segment and provide one of the most extensive range of wires and cables in India. For Fiscal 2018, PIL have a market share of approximately 18% of the organized wires and cables industry and approximately 12% of the total wires and cables industry in India, estimated at Rs. 525 billion based on manufacturers realization

(Source: CRISIL Research). Apart from wires and cables, PIL also manufactures and sells FMEG such as electric fans, LED lighting and luminaires, switches and switchgears, solar products and conduits and accessories.

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

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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

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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

Aavas Financiers Limited successfully completes IPO

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

Aavas successfully completes IPO despite challenging market conditions

Aavas Financiers’ initial public offering closed successfully on Thursday September 27th amid challenging stock market conditions for the entire BFSI sector.

The issue garnered robust demand from institutional investors, who were attracted by the strong management team and differentiated business model leading to best-in-class operational metrics. Aavas is focused only on granular, retail home loans, and has a positive asset-liability match with no exposure to commercial paper. Read more

Metropolis Healthcare files Offer Document for an IPO

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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

Kritika Wires Ltd IPO opens on Wednesday 26 Sept 2018

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

Kritika Wires Ltd, engaged in manufacturing of all types of Galvanized Steel Wires and Wire products, proposes to open its initial public offer (IPO) of 48, 12,000 Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 32 per Equity Share, aggregating up to Rs 1539.84 lakhs, on 26 September 2018 at the NSE Emerge platform. The issue will close on Monday October 1, 2018. The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Issue is Link Intime India Private Limited.

Mr. Naresh Kumar Agarwal, Chairman and Whole Time Director, Mr. Hanuman Prasad Agarwal, Managing Director of Kritika Wires Ltd said “The Company expects to raise Rs 15.4 crores from the IPO proceeds which will be utilized for meeting working capital requirements, general corporate and issue expenses. Kritika Wires, which was incorporated in 2004, has been in the business of manufacturing of various types of high quality Galvanized and non-galvanized wires for the last 14 years and caters to the need of the various State Electricity Boards, EPC Companies and other industries like cable & conductor manufacturing, general engineering purpose and railways etc. The Company is an ISO 9001: 2015 and ISO 14001: 2015 certified Company having our manufacturing facilities in Dhulagarh Industrial Area, Kolkata, West Bengal. The facilities are well equipped with latest machinery, equipments and technology, In-house testing facilities and qualified engineers, which help us in maintaining quality standards as well as an efficient delivery record” Read more

Shri Bajrang Power and Ispat Limited files for IPO

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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

Sansera Engineering files DRHP with SEBI

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

Sansera Engineering Limited, an engineering-led integrated manufacturer of complex and high-quality precision components for the automotive and aerospace sectors, primarily supplying to original equipment manufacturers (“OEMs”) in India and internationally, filed its DRHP with SEBI on August 10, 2018.

The IPO Initial Public Offering (IPO) comprises of up to 17,244,328 equity shares of face value of Rs 2 each (“Equity Shares”) of Sansera Engineering Limited (“Company” or “Issuer”) for an offer for sale of up to 8,635,408 equity shares by Client Ebene Limited (“CEL”); up to 4,836,723 equity shares by CVCIGP II Employee Ebene Limited (“EEL”), (collectively, the “Investor Selling Shareholders”); up to 2,058,069 equity shares by S Sekhar Vasan; up to 571,376 equity shares by Unni Rajagopal K; up to 571,376 equity shares by F R Singhvi and up to 571,376 equity shares by D Devaraj (collectively, (the “Promoter Selling Shareholders”, and together with the investor selling shareholders, the “Selling Shareholders”). The offer includes a reservation for subscription by eligible employees (as defined hereunder) not exceeding 5% of the post-offer paid up equity share capital (the “Employee Reservation Portion”). The Company may in consultation with the book running lead managers and the selling shareholders, offer a discount to retail individual bidders (“Retail Discount”) and to the eligible employees bidding in the employee reservation portion (the “Employee Discount”) in accordance with the Securities And Exchange Board Of India (Issue Of Capital And Disclosure Requirements) Regulations, 2009, as amended, (the “Sebi ICDR Regulations”).

 

ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited, Nomura Financial Advisory and Securities (India) Private Limited and BNP Paribas are the book running lead managers and Link Intime India Private Limitedis the Registrar. Read more