Tag Archive for SEBI

ColdEX Limited files Main Board Offer Document with SEBI

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

Delhi based, integrated food supply chain ColdEX Limited (“ColdEX” or “the Company”) proposes a public issue of equity shares through 100% book building process and has filed Draft Red Herring Prospectus (DRHP) with SEBI.

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ColdEX Limited files DRHP with SEBI

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

ColdEX Limited (CEL), India’s largest organized integrated food supply chain and distribution company [Source: CARE Report.], filed its DRHP with SEBI.

 

CEL’s integrated offerings, surface logistics and warehousing infrastructure, pan-India distribution network, and modern technology systems support their competitive market position. The company caters to a wide range of industry sectors and business segments ncluding food service market, FMCG, confectionary, dairy, retail, etc.

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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

Chartered Speed Limited files DRHP with SEBI

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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

Flair Writing Industries Limited files DRHP with SEBI

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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 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