As many as 5 corporations, together with Aadhar Housing Finance, TVS Supply Chain Solutions and Landmark Cars, have acquired capital markets regulator Sebi’s go forward to lift funds via preliminary share gross sales.
Apart from these, Bikaji Foods International and Kids Clinic India too have obtained the regulator’s approval to drift Initial Public Offerings (IPOs).
These 5 corporations, which filed their IPO papers with Sebi between January 2021 and February 2022, obtained its “observations” throughout May 2-5, an replace with Sebi confirmed on Monday.
In Sebi’s parlance, its remark implies its go-ahead to launch IPO.
Going by the draft papers, Blackstone-backed Aadhar Housing, which filed preliminary papers with Sebi in January final 12 months, is seeking to elevate Rs 7,300 crore via its preliminary share sale.
The IPO includes recent issuance of shares price Rs 1,500 crore and an Offer For Sale (OFS) of as much as Rs 5,800 crore by promoter BCP Topco VII Pte Ltd.
The IPO of TVS Supply Chain Solutions, which is part of TVS Mobility Group, consists of recent subject of fairness shares aggregating as much as Rs 2,000 crore and an OFS of as much as 5.95 crore fairness shares by promoter and present traders.
Those providing shares within the OFS are — TVS Mobility, Omega TC Holdings PTE Ltd, Mahogany Singapore Company PTE Ltd, Tata Capital Financial Services Ltd and DRSR Logistics Service.
According to market sources, the dimensions of the IPO will probably be round Rs 5,000 crore.
The Rs 762-crore IPO of car dealership chain Landmark Cars consists of a recent subject of fairness shares aggregating to Rs 150 crore and an OFS of as much as Rs 612 crore.
The OFS includes sale of shares price as much as Rs 400 crore by TPG Growth II SF PTE Ltd, as much as Rs 62 crore by Sanjay Karsandas Thakker HUF, as much as Rs 120 crore by Aastha Limited and as much as Rs 30 crore by Garima Misra.
The public subject of Kids Clinic India, which operates tremendous specialty mom and child care chain Cloudnine, consists of a recent subject of fairness shares price as much as Rs 300 crore and an OFS of as much as 1,32,93,514 fairness shares by present shareholders.
Dr R Kishore Kumar, Scrips ‘N’ Scrolls India Private Limited, True North Fund V LLP, Indium V (Mauritius) Holdings Limited, and Sequoia Capital Investment are among the many key shareholders promoting shares within the IPO.
As per market sources, the corporate is seeking to elevate round Rs 1,200 crore via the IPO.
Bikaji International, a number one producer of snacks and sweets, is aiming to mop up an estimated Rs 1,000 crore via its preliminary share sale.
Certain shareholders of the Rajasthan-based firm, together with two promoters, are planning to dump round 2.94 crore shares via the OFS route.
Bikaji was the biggest producer of Bikaneri bhujia with an annual manufacturing of 26,690 tonnes in fiscal 2021. It is a number one maker of packaged rasgulla, soan papdi and gulab jamun.
The fairness shares of the 5 corporations will probably be listed on the BSE and NSE.
Source: www.financialexpress.com”