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Tag: IPO news

  • CMS Info Systems IPO subscribed 1.95 instances

    Cash administration firm CMS Info Systems Limited’s preliminary public providing was subscribed 1.95 instances on the final day of subscription on Thursday.
    The IPO acquired bids for 7,32,71,721 shares towards 3,75,60,975 shares on supply, based on NSE knowledge.
    The class for Retail Individual Investors (RIIs) was subscribed 2.15 instances, whereas Qualified Institutional Buyers (QIBs) acquired 1.98 instances subscription and Non Institutional Investors 1.45 instances.
    The firm’s Rs 1,100-crore public challenge is a pure offer-for-sale (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.

    The worth vary of the IPO was at Rs 205-216 per share.
    CMS gives money administration providers, which embrace ATM providers, and money supply and pick-up.
    The firm’s built-in enterprise platform is supported by customised expertise and course of controls, which allows it to supply clients a variety of tailor-made money administration and managed providers options.
    It caters to broad set of outsourcing necessities for banks, monetary establishments, organized retail and e-commerce firms in India.

    Axis Capital, DAM Capital Advisors, Jefferies India, and JM Financial have been the e book operating lead managers to the difficulty.
    The fairness shares of the corporate will likely be listed on BSE and NSE.

  • OYO to file for as much as $1.2 billion-IPO subsequent week

    Hospitality agency OYO is planning to lift as much as $1.2 billion (round Rs 8,000 crore) by way of an preliminary public providing and is anticipated to file the draft purple herring prospectus with Sebi subsequent week, sources advised PTI on Thursday.
    OYO has appointed funding banks like JPMorgan, Citi and Kotak Mahindra Capital to handle its public problem, they added.
    Comments from OYO couldn’t be obtained on the time of submitting the story.
    The proposed preliminary public provide (IPO) plan of the hospitality agency follows the spectacular success of Zomato’s IPO that ended with a bumper oversubscription on July 16, and was largest since March 2020.

    Last week, shareholders of Oravel Stays, the dad or mum firm of hospitality agency OYO, had accredited the conversion of the corporate from a non-public restricted firm to a public restricted firm, in keeping with a regulatory submitting.
    Earlier, the board of Oravel Stays had accredited a rise within the authorised share capital of the corporate from Rs 1.17 crore to Rs 901 crore.
    OYO in August, in a Registrar of Companies (RoC) submitting, had mentioned that Microsoft Corporation has invested practically $5 million (about Rs 37 crore) in OYO by way of the issuance of fairness shares and obligatory convertible cumulative choice shares on a non-public placement foundation.

    Earlier in July, the corporate had raised $660 million by way of time period B mortgage route from world institutional traders, together with Fidelity Investments to refinance and simplify its present borrowings.
    In March this yr, OYO founder and Group CEO Ritesh Agarwal had mentioned that, “OYO is on a steady path of resurgence in 2021 and is seeing signs of recovery across India, Europe, and Southeast Asia. OYO’s survival through the COVID crisis and our resurgence show that we are a company with strong fundamentals and high value potential.”

  • Government prone to block Chinese funding in insurance coverage large LIC’s IPO: Report

    New Delhi needs to dam Chinese buyers from shopping for shares in Indian insurance coverage large Life Insurance Corp (LIC) which is because of go public, 4 senior authorities officers and a banker informed Reuters, underscoring tensions between the 2 nations.
    State-owned LIC is taken into account a strategic asset, commanding greater than 60% of India’s life insurance coverage market with property of greater than $500 billion. While the federal government is planning to permit overseas buyers to take part in what’s prone to be the nation’s biggest-ever IPO price a possible $12.2 billion, it’s leery of Chinese possession, the sources mentioned.
    Political tensions between the international locations rocketed final yr after their troopers clashed on the disputed Himalayan border and since then, India has sought to restrict Chinese funding in delicate corporations and sectors, banned a raft of Chinese cellular apps and subjected imports of Chinese items to further scrutiny.
    “With China after the border clashes it cannot be business as usual. The trust deficit has significantly widen(ed),” mentioned one of many authorities officers, including that Chinese funding in corporations like LIC may pose dangers.

    The sources declined to be recognized as discussions on how Chinese funding is likely to be blocked are ongoing and as no ultimate choices have been made.India’s finance ministry and LIC didn’t reply to Reuters emailed requests for remark. China’s overseas ministry and commerce ministry didn’t instantly reply to requests for remark.
    Aiming to resolve price range constraints, Prime Minister Narendra Modi’s administration is hoping to boost 900 billion rupees by means of promoting 5% to 10% of LIC this monetary yr which ends in March. The authorities has but to determine on whether or not it is going to promote one tranche of shares searching for to boost the complete quantity or select to hunt the funds in two tranches, sources have mentioned.
    Under present legislation, no abroad buyers can spend money on LIC however the authorities is contemplating permitting overseas institutional buyers to purchase as much as 20% of LIC’s providing.
    Options to forestall Chinese funding in LIC embody amending the present legislation on overseas direct funding with a clause that pertains to LIC or creating a brand new legislation particular to LIC, two of the federal government officers mentioned.
    They added that the federal government was acutely aware of the problem in checking on Chinese investments that might come not directly and would try and craft a coverage that will defend India’s safety however not deter abroad buyers.

    A 3rd choice being explored is barring Chinese buyers from turning into cornerstone buyers within the IPO, mentioned one authorities official and the banker, though that will not forestall Chinese buyers from shopping for shares within the secondary market.
    Ten funding banks together with Goldman Sachs, Citigroup and SBI Capital Market have been chosen to deal with the providing.
    ($1 = 73.8200 Indian rupees)

  • Sansera Engineering IPO to open on Sep 14: Here’s worth band, lot dimension and extra

    Sansera Engineering IPO: The Rs 1,283 crore preliminary public providing (IPO) of auto part producer Sansera Engineering will open on Tuesday, September 14, 2021, and will probably be accessible for subscription until Thursday, September 16, 2021. The worth band of the IPO has been fastened at Rs 734-744 per share of the face worth of Rs 2 every.
    Sansera Engineering is a Bengaluru-based auto part maker. It is an engineering-led built-in producer of complicated and demanding precision engineered elements throughout automotive and non-automative sectors.
    The IPO is solely a suggestion on the market (OFS) of 17,244,328 fairness shares by the promoting shareholders, as per the data given within the crimson herring prospectus (RHP). The supply may elevate as much as Rs 1,283 crore on the higher worth band.
    Since the IPO is totally an OFS, the corporate wouldn’t is not going to straight obtain any proceeds from the supply and all of the proceeds will probably be obtained by the promoting shareholders.

    Those providing shares within the OFS are current buyers – Client Ebene, CVCIGP II Employees Ebene and promoters – S Sekhar Vasan, Unni Rajagopal Ok, F R Singhvi and D Devaraj.
    Upon its itemizing, it’ll be part of the likes of listed friends resembling Bharat Forge, Motherson Sumi Systems, Minda Industries so on.
    This is Sansera Engineering’s second try and go public. In August 2018, the corporate had filed IPO papers with market regulator Sebi and had additionally bought its clearance to drift the difficulty. However, it didn’t go forward with the IPO launch.
    Investors who want to subscribe to Sansera Engineering’s IPO can bid within the lot of 20 fairness shares and multiples thereof. At the higher worth band, they must shell out Rs 14,880 to get a single lot of Sansera. The shares will probably be listed on each BSE and the National Stock Exchange (NSE).
    Half of the difficulty dimension has been reserved for certified institutional consumers (QIBs), 35 per cent for the retail buyers and remaining 15 per cent is for non-institutional buyers.
    Ahead of the general public supply, the anchor buyers’ portion will probably be accessible on Monday, September 13, 2021.
    The firm expects that itemizing of the fairness shares will improve its visibility and model picture and supply liquidity to shareholders and the itemizing will present a public marketplace for the fairness shares within the nation, the based on the RHP.

    ICICI Securities, IIFL Securities and Nomura Financial Advisory and Securities (India) are the guide operating lead managers to the IPO whereas Link Intime India is the registrar of the difficulty.
    Apart from this, the share allotment is prone to happen on September 21, 2021, and the shares are anticipated to be listed on September 24, 2021, based on the timeline given within the RHP.

  • Aptus Value Housing Finance IPO: Everything you must know

    Aptus Value Housing Finance IPO: Everything you must know

  • Chemplast Sanmar IPO opens right this moment: Here’s the whole lot you could know

    Chemplast Sanmar IPO opens right this moment: Here’s the whole lot you could know

  • Nuvoco Vistas IPO opens at present: Here’s the whole lot you should know

    Nuvoco Vistas IPO opens at present: Here’s the whole lot you should know

  • Nuvoco Vistas garners Rs 1,500 crore from anchor buyers forward of IPO

    Cement producer Nuvoco Vistas Corporation Ltd, a part of the Nirma Group, has raised Rs 1,500 crore from anchor buyers forward of its preliminary share sale, which opens for public subscription on Monday.
    The firm has determined to allocate 2.63 crore fairness shares to anchor buyers at Rs 570 apiece aggregating the transaction dimension to Rs 1,500 crore, in response to a round uploaded late night on Friday on the BSE web site.

    HDFC Life Insurance Company, SBI Life Insurance Company, SBI Mutual Fund (MF), Axis MF, Mirae MF, Franklin Templeton MF, Premji Invest and SBI Pension Fund amongst others had been home buyers that participated within the anchor guide.
    Among the international portfolio buyers contributors had been APG AM, CI Funds, TT International, Carmignac, and Wells Capital.
    The preliminary public providing (IPO) contains a recent situation of shares price Rs 1,500 crore and a proposal on the market of Rs 3,500 crore by promoter Niyogi Enterprise.
    The public situation, with a value band of Rs 560-570 a share, will open for subscription on August 9 and conclude on August 11.
    Proceeds of the recent situation shall be used for the reimbursement of sure loans availed to the corporate and for normal company functions.

    Half of the problem dimension has been reserved for certified institutional consumers (QIBs), 35 per cent for retail buyers and the remaining 15 per cent for non-institutional buyers.
    Investors can bid for no less than 26 fairness shares and in multiples of 26 fairness shares thereafter.
    Nuvoco Vistas is a cement producer with a consolidated capability of twenty-two.32 million metric tonnes each year (MMTPA). It has 11 cement crops comprising 5 built-in items, 5 grinding items and one mixing unit.
    It operates cement manufacturing items in Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana.
    The firm’s management workforce is led by Hiren Patel, Chairman and Non-Executive Director and Jayakumar Krishnaswamy, Managing Director.
    Nuvoco Vistas, previously Lafarge India Limited, in February 2020 introduced that it’ll purchase the 8.3 million tonnes each year cement enterprise of Emami for an enterprise worth of Rs 5,500 crore. The superb was accredited by the Competition Commission of India (CCI) in May 2020.

    ICICI Securities, Axis Capital, JSBC Securities and Capital Markets (India) Private Limited J.P. Morgan India and SBI Capital Markets are service provider bankers.
    The firm’s fairness shares shall be listed on the BSE and the NSE.
    Founded by Karsanbhai Patel, Nirma Limited is certainly one of India’s diversified conglomerates with companies throughout industrial and client merchandise starting from soaps and detergents, salt, soda ash, caustic soda and different chemical compounds. The firm was delisted on the BSE and the NSE in 2011.

  • Chemplast Sanmar’s Rs 3,850-crore IPO to open on August 10; units worth band at Rs 530-541/share

    Specialty chemical compounds producer Chemplast Sanmar Ltd on Thursday mentioned it has mounted a worth band of Rs 530-541 a share for its Rs 3,850-crore preliminary public providing.
    The preliminary share-sale will open for public subscription on August 10, and conclude on August 12, the corporate mentioned in a digital press convention.
    The Rs-3,850-crore preliminary public providing (IPO) contains contemporary challenge of fairness shares price Rs 1,300 crore and an offer-for-sale of Rs 2,550 crore.
    The provide on the market contains the sale of Rs 2,463.44 crore by Sanmar Holdings Ltd and Rs 86.56 crore by Sanmar Engineering Services Ltd.

    Chennai-based Chemplast Sanmar is a number one specialty chemical compounds producer with deal with specialty paste PVC (polyvinyl chloride) resin and customized manufacturing of beginning supplies and intermediates for pharmaceutical, agro-chemical and fantastic chemical compounds sectors.
    The firm mentioned it could utilise an mixture quantity of Rs 1,238.25 crore from the online proceeds in direction of early redemption of the non-convertible debentures (NCDs) issued by it. In addition, funds may even be used for common company functions.
    “The early redemption of the NCDs in full will help reduce our outstanding indebtedness and debt servicing costs, assist us in maintaining a favourable debt-to-equity ratio and enable utilisation of our internal accruals for further investment in business growth and expansion,” the corporate mentioned within the crimson herring prospectus.
    “In addition, we believe that our improved leverage ratio, consequent to such redemption of NCDs, will improve our ability to raise debt in the future to fund potential business development opportunities and plans,” it added
    A complete of 75 per cent of the difficulty dimension has been reserved for certified institutional consumers (QIBs), 15 per cent for non-institutional buyers and 10 per cent for retail buyers.
    Investors can bid for no less than 27 fairness shares and in a number of of 27 fairness shares thereafter.

    Chemplast Sanmar was delisted almost a decade from the inventory exchanges. It was delisted from BSE, NSE and MSE with impact from June 25, 2012, June 18, 2012 and June 25, 2012, respectively.
    ICICI Securities, Axis Capital, Credit Suisse Securities (India) Private Ltd, IIFL Securities, Ambit, BOB Capital Markets, HDFC Bank, IndusInd Bank and Yes Securities are the service provider bankers to the difficulty.