Tag Archive for SEBI

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

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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.

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

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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

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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

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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

Mrs. Bectors Food Specialities files DRHP with SEBI

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

Mrs. Bectors Food Specialities Limited, one of the leading companies in the non-glucose biscuits and premium breads segment in North India, according to Technopak Report, with products sold under our well-recognized brands, ‘Mrs. Bector’s Cremica’ and ‘English Oven’, filed its DRHP with SEBI on August 10, 2018.

 

The IPO Initial Public Offering (IPO) comprises of equity shares of face value of Rs. 10 each (the “Equity Shares”) of Mrs. Bectors Food Specialities Limited (“Our Company” or the “Company” or the “Issuer”) aggregating up to Rs. 8,000.00 million (the “Offer”) comprising an offer for sale aggregating up to Rs. 338.00 million by Mr. Anoop Bector (“Promoter Selling Shareholder”), equity shares aggregating up to Rs. 3,755.00 million by Linus Private Limited, equity shares aggregating up to Rs. 630.00 million by Mabel Private Limited, equity shares aggregating up to Rs. 2,777.00 million by GW Crown PTE. Ltd. and equity shares aggregating up to Rs. 500.00 million by GW Confectionary PTE. Ltd., (“Mabel Private Limited, GW Crown PTE. Ltd., and GW Confectionary PTE. Ltd., together reffered to as gateway selling shareholders”) (the gateway selling shareholders and Linus Private Limited, collectively referred to as “investor

Selling shareholders”) (the promoter selling shareholder and the investor selling shareholders, collectively referred to as the “Selling Shareholders”).

 

IDFC Bank Limited, Edelweiss Financial Services Limited and IIFL Holdings Limited are the book running lead managers and Link Intime India Private Limited is the Registrar.

 

The equity shares will be listed on BSE and NSE. 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

Shakun Polymers files DRHP with SEBI for IPO

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

Shakun Polymers Limited, (the “company” or “Shakun”) one of the leading players in the field of compounding for the Wire & Cable market, has filed their Draft Red Herring Prospectus (“DRHP”) with the market regulator SEBI, for the company’s proposed IPO. The Offer includes Fresh Issue of Equity Shares aggregating up to ₹750 million (“Fresh Issue”) and an “Offer for Sale” of up to 1,800,000 Equity Shares by the “Selling Shareholders”.

The company proposes to utilise the net proceeds from Fresh Issue towards setting up of new unit for manufacturing Halogen Free Flame Retardant (“HFFR”) compounds and general corporate purpose.

Shakun is ISO-9001 certified company which is headquartered in Vadodara and has two manufacturing facilities at Halol district in Gujarat and one at Daman, having an aggregate installed capacity of over 25,000  MT p.a.. Shakun is one of the first movers in India for manufacturing of HFFR compounds and one of the leading exporters for HFFR compounds from India.

In addition to having an established presence in India, Shakun has established its presence in various countries in Asia, Middle East, Africa and South America. The company exports over 50 percent of their products to international markets. Some of their domestic and international customers includes Polycab Wires Private Limited, KEI Industries Limited, KEC International Limited, RR Kabel Limited, Apar Industries Limited, Dubai Cable Company (Private) Limited, Alfanar Cables, Tekab Company Limited, Nuhas Oman LLC, Moghan Wire & Cable Co. and Abhar Wire & Cable Co.. Read more

Bandhan Bank Limited files Draft Red Herring Prospectus with SEBI

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

Bandhan Bank Limited (the “Bank”) has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) for its proposed initial public offering (“IPO”) of up to 119,280,494 equity shares of face value of ₹10 each (the “Equity Shares”) for cash at a price per equity share (including a share premium per equity share) to be determined through a book building process (the “Issue”).

The IPO consists of a fresh issue of up to 97,663,910 equity shares and an offer for sale of up to 14,050,780 equity shares by International Finance Corporation (“IFC”); and up to 7,565,804 equity shares by IFC FIG Investment Company ɪ. Read more

Finance Minister Arun Jaitley formalizes merger of Forward Markets Commission with SEBI

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

Regulation of commodities derivates today came under SEBI’s jurisdiction, as the Forward Markets Commission merged with SEBI in Mumbai. Finance Minister Arun Jaitley, who formalized the merger by ringing the customary bell, said amalgamation of FMC and SEBI would bring convergence of regulations in the commodities and equity derivatives markets. “The merger will increase the economies of scope and scale as there are strong commonalities between all kinds of trading. I am sure that SEBI is prepared to regulate the commodity derivatives market,” he said.

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SEBI trying to siphon of Sahara money, alleges lawyer

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

Very misleading news has been circulated by SEBI stating that Sahara’s investor’s are untraceable and on Sebi’s quest to locate genuine Sahara investors has become a very costly affair for the regulator and its expenses may rise further next year from about Rs 60 crore estimated for the current fiscal. It further says that SEBI has sought a permission to use a portion of Rs 5,120 crore, deposited by Saharas for refund to its investors, for settling expenses incurred or to be incurred in the matters for carrying out directions of the apex court.

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