IPO Listing: The current week is going to be a blast in terms of IPO. A list of 4 IPOs is going to be listed in the stock market in the next 3 days. These 4 include Lakshmi Argonics, Anupam Rasayan, Craftsman Automation and Kalyan Jewelers, which are going to enter the market. Their issues closed last week. Some of these issues have received a strong response from investors. At the same time, despite the better performance of the IPO market this year, investors are eyeing the listing gain. Let us know that 16 IPOs have been launched so far this year. At the same week, the IPO of Barbecue Nation is also going to open.
When the listing for which issue
The issue of chemical company Anupam Chemicals will be listed on March 24. At the same time, the listing of Craftsman Automation and Laxmi Argonics will be on the stock market on March 25. Kalyan Jewelers will be listed on 26 March.
Anupam Chemicals: 16% Premium
Anupam Chem’s stock is trading at a premium of Rs 85-90 in the gray market. Anupam Chemicals has fixed the price band for the IPO at Rs 553-555 per share. That is, the stock is trading at a premium of 15 to 16 per cent. The amount received from the Anupam Rasayan IPO will be used primarily in debt payments.
Anupam Rasayan started functioning in 1984. The company makes speciality chemicals. Anupam has 6 multi-purpose manufacturing plants in Gujarat. Their total capacity is about 23,396 MT. The company mainly produces products for the agrochemical, personal care and pharmaceutical sectors. These segments accounted for over 95 per cent of the revenue in FY 2019-20. Its customers include Syngenta Asia Pacific, Sumitomo Chemical Company and UPL Limited.
Craftsman Automation: 3% Premium
Craftsman Automation’s stock is trading in the gray market at a premium of Rs 35-40. Craftsman Automation has fixed the price band for the IPO at Rs 1488-1490 per share. That is, the stock is trading at a 3 percent premium. The company will use the money received from the fresh issue of this IPO to repay the debt.
Craftsman Automation Limited was started in 1986. The company is Leading Engineering Organization, which is engaged in the design, development and manufacturing of many engineering products. It is the leading company in the mining of cylinder blocks in the tractor segment. The company has 12 production units in 7 cities.
Daimler India, Tata Motors, Tata Cummins, Mahindra & Mahindra, Simpson & Co, TAFE Motors and Tractors, Escorts, Ashok Leyland, Perkins, Mitsubishi Heavy Industries, TVS Motor, Royal Enfield, John Deere and JCB India Are included.
Laxmi Organics: 54% Premium
The stock of Laxmi Argonics is trading at a premium of Rs 60-70 in the gray market. Laxmi Organics has fixed the price band for the IPO at Rs 129-130 per share. That is, the stock is trading at a 54 percent premium. The company will use the money received from the fresh issue of this IPO to repay the debt. The funds received from this issue by Lakshmi Organics will be used to pay off the debt and to build a flowability chemical plant. In 2012, the International Finance Corporation bought a 10.05 per cent equity stake in the company for Rs 82 crore.
Lakshmi Organics is the largest ethyl acetate producer in the country, with a 30 per cent market share. The company is also an upfront player in the market of derivatives. The company’s product portfolio has significantly more diversity. The company has access to 30 countries of the world. This includes China, Netherlands, Russia, Singapore, United Arab Emirates, UK and USA. Its major customers include giants like Alembic Pharma, Dr. Reddy’s Labs, Hetero Labs, Laurus Labs, McLeod Pharma, Mylan Labs, United Phosphorus.
Kalyan Jewelers: 2% premium
The stock of Kalyan Jewelers is trading at a premium of Rs 1-2 in the gray market. Kalyan Jewelers has fixed the price band for the IPO at Rs 86-87 per share. That is, the stock is trading flat in the gray market. Prior to Kalyan Jewelers, PC Jewelers had a listing in the market. Warburg Pincus has money in this company.
The company will use the funds raised from the issue for the next two years. As of June 30, 2020, Kalyan Jewelers had 107 showrooms in 21 states of the country. Apart from this, the company also has 30 showrooms abroad. The company has a strong network of showrooms in India as well as abroad. The product portfolio is diversified. The customer base is strong.