Upcoming IPO: In the year 2021, there is a boom in the IPO market. So far this year, 18 IPOs have been listed in the market. Many of these have earned good money to investors. This year, if you have missed investing in the IPO market, then do not take tension. In the coming days, many companies are standing in the queue for an IPO. Many of them have also received SEBI approval. In fact, many companies are launching IPOs in view of the hope of recovery in the economy and the great response received from investors to the public issue in the primary market. These include leading companies such as Dodla Dairy, India Pesticides, KIMS Hospital, Glenmark Life Sciences, Shyam Metallics and Arohan Financial.
India Pesticides
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. 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. India Pesticides is a Uttar Pradesh company. It is an agrochemical technology company focused on research and development.
KIMS
In the IPO of Krishna Institute of Medical Sciences i.e. KIMS, new shares up to 200 crores will be issued. 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. 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.
Arohan Financial Services
Arohan Financial Services is the promoted company of Avishkar Group. 850 million rupees will be raised through a fresh issue in the IPO of Arohan Financial. While an offer for sale of 2,70,55,893 equity shares will also be brought in it. Under the offer for sale, Maj Invest Financial Inclusion Fund II K / S, Michael & Susan Dell Foundation, Tano India Private Equity Fund II, TR Capital III Mauritius and Aavishkaar Goodwell India Microfinance Development Company II Ltd will reduce some of their stake in the company.
The proceeds from the company’s IPO will be used to expand the company’s capital base and to meet its future capital needs. Edelweiss Financial Services, ICICI Securities Limited, Nomura Financial Advisory & Securities (India) Private Limited and SBI Capital Markets Limited are the book running lead managers for the issue.
Dodla Dairy
The IPO of Dodla Dairy will include a fresh issue of shares up to Rs 50 crore and an offer for sale of 10,085,444 equity shares. In the IPO offer for sale, TPG will sell its holdings in Dodla Dairy Holdings Pte Ltd, Dodla Sunil Reddy, Dodla Deepa Reddy and Dodla Family Trust. Dodla Dairy operates in the four southern states of the country, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. Apart from this, the company also has business in Uganda and Kenya.
The money received from the IPO will be used by Dodla Dairy to meet its capital expenditure requirements and general corporate functions, besides paying its debt. The book running lead managers for this IPO are Axis Capital and ICICI Securities.
Shyam Metallics
Steel manufacturing company Shyam Metallics and Energy Ltd is set to launch an IPO to raise Rs 1107 crore. For this public issue, the company will issue fresh equity shares worth Rs 657 crore, while the promoters of the company and through the existing Investor Offer for Sale (OFS) will issue shares worth Rs 450 crore for this IPO.
The money raised through the IPO will be used by the company to pay off the debt of itself and its associate company SSPL. Shyam Metalics will be ICICI Securities, Axis Capital, IIFL Securities, JM Financial and SBI Capital as lead managers.
Glenmark Life Sciences
Glenmark Life Sciences will also launch an IPO. It is a subsidiary of Glenmark Pharma.
The company will issue fresh shares worth Rs 1,160 crore for the IPO and 73,10,000 equity shares through Offer for Sale (OFS). Of the funds raised through fresh shares, the company will use 900 crore rupees to buy API business. The remaining 152.76 crore rupees will be used to meet the needs of capital expenditures. Glenmark Pharma has a 100 percent stake in the company.
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