IPO Market 2021 India: The IPO market continues to stir in the year 2021. One by one companies are preparing to launch their IPO. So far this year, IPOs of 17 companies have come, while some companies are standing in this line. Companies hope for a faster recovery in the economy ahead, which is seeing an outbreak in the IPO market. If till now you have missed taking advantage of the boom in the IPO market, then do not take tension. Soon 2 companies are bringing their IPO. Agrochemical technical firms India Pesticides Limited and Krishna Institute of Medical Sciences (KIMS) have received approval from the market regulator SEBI (SEBI) for an IPO.
India Pesticides: IPO plan
India Pesticides is bringing an IPO of Rs 800 crore. In this IPO of Rs 800 crore, a fresh issue of Rs 100 crore will be issued. This includes Rs 700 crore offer for sale by promoters and other shareholders.
Rs 75 crore may be pre-IPO
According to DRHP, the company may bring a pre-IPO of Rs 75 crore. If the company will be able to raise more funds through a pre-IPO placement issue then the size of the fresh issue will be reduced. The company will meet the essential tasks and general corporate objectives from the funds raised through this IPO.
KIMS: IPO plan
At the same time, new shares up to Rs 200 crore will be issued in the IPO of KIMS. At the same time, 21,340,931 equity shares will be sold by promoters and other investors through offer for sale. Promoters of the company Bhaskar Rao Bolineni, Rajyashree Bolineni can sell 7.75 lakh and 11.63 lakh shares. BRMH plans to sell 3.87 lakh shares and Investor General Atlantic’s 1.39 crore shares in the company.
About both companies
India Pesticides is a Uttar Pradesh company. It is an agrochemical technology company focused on research and development. At the same time, Krishna Institute of Medical Sciences is the largest hospital chain running company in Andhra Pradesh and Telangana. It is operating 9 multi-specialty hospitals under the KIMS Hospitals brand.