Riding on the upbeat market sentiment, as many as 5 firms are set to come back out with preliminary public affords this week to lift an estimated Rs 3,764 crore.
The firms predict to learn from an fairness market which is flush with liquidity and has seen a pointy improve in new retail traders.
Craftsman Automation and Laxmi Organics Industries will launch their preliminary share-sale programmes on Monday whereas that of Kalyan Jewellers India will open on Tuesday. IPOs of Suryoday Small Finance Bank and Nazara Technologies will start on Wednesday, info with the exchanges confirmed.
Shares of those firms shall be listed on BSE and NSE.
Besides, the preliminary public providing (IPO) Anupam Rasayan is at present underway. Apart from these, 9 firms have already floated their preliminary share-sales to this point.
Automaker Craftsman Automation’s Rs 824-crore IPO contains a contemporary difficulty of fairness shares aggregating as much as Rs 150 crore and a suggestion on the market (OFS) of as much as 45,21,450 shares by promoter and current shareholders.
Those offloading shares within the offer-for-sale are Srinivasan Ravi, Okay Gomatheswaran, Marina III (Singapore) Pte Ltd and International Finance Corporation (IFC).
The difficulty, with a worth band of Rs 1,488-1,490 a share, will open on March 15 and shut on March 17.
Laxmi Organics’ IPO consists of contemporary issuance of shares aggregating to Rs 300 crore and a suggestion on the market value Rs 300 crore by the promoter Yellow Stone Trust.
The worth band has been mounted at Rs 129-130 per share for the IPO, which is able to open for public subscription throughout March 15-17.
On Friday, Craftsman Automation and Laxmi Organics Industries had raised Rs 247 crore and Rs 180 crore respectively from anchor traders.
The Rs 1,175-crore IPO of Kalyan Jewellers India Ltd contains issuance of contemporary fairness aggregating as much as Rs 800 crore and a suggestion on the market value Rs 375 crore.
Kalyan Jewellers’ promoter T S Kalyanaraman could be offloading shares value as much as Rs 125 crore, whereas Highdell Investment Ltd, an affiliate of Warburg Pincus, would promote as much as Rs 250 crore value of shares by means of the OFS route.
The firm has set the value band at Rs 86-87 a share for the preliminary share-sale, which is able to conclude on March 18.
The IPO of Suryoday Small Finance Bank contains contemporary issuance of 81,50,000 fairness shares and a suggestion on the market of as much as 1,09,43,070 fairness shares by current shareholders.
Those providing shares by means of the OFS route embrace International Financial Corporation (IFC), Gaja Capital, HDFC Holdings, IDFC First Bank, Kotak Mahindra Life Insurance Company, DWM (International) Mauritius Ltd and Americorp Ventures.
The financial institution has mounted a worth a band of Rs 303-305 a share for its preliminary share-sale, which is able to open for public subscription on March 17 and conclude on March 19.
At the higher finish of the difficulty, the IPO would fetch Rs 582 crore. The small finance financial institution has proposed to utilise proceeds from the contemporary difficulty in the direction of augmenting its Tier-1 capital base to fulfill future capital necessities.
Gaming agency Nazara Technologies’ Rs 583-crore public difficulty will see sale of 52,94,392 fairness shares by the promoters and current shareholders. Those promoting shares within the IPO embrace Mitter Infotech LLP, a promoter of the corporate, IIFL Special Opportunities Fund, Good Game Investment Trust, IndexArb Securities and Azimuth Investments.
The firm, backed by ace investor Rakesh Jhunjhunwala, is popularly recognized for its video games on World Cricket Championship, Chhota Bheem and Motu Patlu collection.
The firm’s IPO shall be open for subscription throughout March 17-19 with a worth band of Rs 1,100-1,101 a share for the difficulty.
