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Tag: IPO news

  • Nuvoco Vistas IPO to open on August 9; value band set at Rs 560-570/share

    Nuvoco Vistas Corporation, a part of the Nirma Group, on Wednesday stated it has mounted a value band of Rs 560-570 a share for its Rs 5,000 crore preliminary public providing.
    The three-day preliminary share-sale will open for public subscription on August 9 and conclude on August 11, the corporate introduced.
    The preliminary public providing (IPO) contains recent subject of shares value Rs 1,500 crore and a suggestion on the market of Rs 3,500 crore by promoter Niyogi Enterprise.

    Proceeds of the recent subject might be used to reimbursement of sure loans availed the corporate and common company goal.

    Half of the difficulty measurement has been reserved for certified institutional consumers (QIBs), 35 per cent for retail traders and the remaining 15 per cent for non institutional traders.
    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 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 tonne every year cement enterprise of Emami for an enterprise worth Rs 5,500 crore. The deal was authorised by 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 the service provider bankers.

    The fairness shares of the corporate might be listed on BSE and NSE.
    Founded by Karsanbhai Patel, Nirma Limited is one in every 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 from BSE and NSE in 2011.

  • Exxaro Tiles IPO opens right now: Here’s every little thing it’s good to know

    Exxaro Tiles IPO opens right now: Here’s every little thing it’s good to know

  • Windlas Biotech IPO opens at this time: Here’s all the pieces it’s essential know

    Windlas Biotech IPO opens at this time: Here’s all the pieces it’s essential know

  • CarTrade IPO to open on August 9; worth band set at Rs 1,585-1,618 per share

    Online auto categorized platform CarTrade Tech on Tuesday stated it has fastened a worth band of Rs 1,585-1,618 per share for its practically Rs 2,999-crore preliminary public supply that opens for subscription subsequent week.
    The preliminary share sale shall be fully a suggestion on the market (OFS) of 18,532,216 fairness shares. The preliminary public providing (IPO) will open for subscription on August 9 and conclude on August 11. The bidding for anchor traders will open on August 6.
    At the higher finish of the value band, the IPO is anticipated to mobilise Rs 2,998.51 crore.

    “We are creating an automotive digital ecosystem in India. We had 32 million unique visitors came to our platform in the January-March quarter, 80 per cent of them came organically (the company did not incur any marketing costs to get them)…which shows the brand affinity of the company and platforms,” CarTrade Tech Ltd Chairman Managing Director and CEO Vinay Sanghi stated in a digital briefing.

    He added that aside from offering a platform for consumers and sellers of autos,
    CarTrade can also be a software program firm that has created interconnects between stakeholders like sellers, producers, and banks.

    The firm cited an trade report to spotlight that there’s a fixed transfer in the direction of on-line auto portals and the full addressable market in India was estimated at USD 14.3 billion in FY 2020.
    Sanghi stated given the variety of engagements and transactions on the platform, CarTrade can also be among the many largest automotive information locations within the nation.
    The firm expects that itemizing of the fairness shares will improve its visibility and model picture and supply liquidity to its shareholders, whereas additionally offering a public marketplace for the fairness shares in India, as per CarTrade’s Red Herring Prospectus.

    Founded in 2009, CarTrade is backed by marquee traders — Warburg Pincus, Temasek, JP Morgan, and March Capital. The CarTrade platform permits prospects to purchase and promote used vehicles in addition to new vehicles. The firm acknowledged that it’s a professionally managed entity and doesn’t have an identifiable promoter (by way of SEBI guidelines).
    As part of the OFS, CMDB II will offload 22.64 lakh fairness shares, Highdell Investment Ltd will promote 84.09 lakh fairness shares, Macritchie Investments Pte Ltd will supply 50.76 lakh fairness shares and Springfield Venture International will divest 17.65 lakh fairness shares.
    The firm won’t immediately obtain any proceeds from the supply and all of the proceeds shall be acquired by the promoting shareholders, in proportion to the provided shares offered by the respective promoting shareholders as a part of the supply.

    Currently, CMDB II holds 11.93 per cent stake in CarTrade43, Highdell Investment owns 34.44 per cent stake, MacRitche Investment has 26.48 per cent shareholding and Springfield Venture International holds 7.09 per cent stake within the firm.
    CarTrade gives a multi-channel auto platform with protection and presence throughout automobile sorts and value-added companies via its manufacturers — CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto and AutoBiz.
    Its shopper platforms – CarWale, CarTrade, and BikeWale – collectively get 3.2 crore, common distinctive guests, each month (in the course of the 3 months interval ending March 31, 2021), and Shriram Automall and different public sale platforms had 8,14,316 autos listed for public sale in the course of the monetary yr 2020-21.
    The firm generates revenues from fee and costs from auctions and remarketing companies, internet marketing options, lead technology, technology-based companies to unique gear producers, sellers, banks, and different monetary establishments, and inspection and valuation companies.
    Asked if the corporate would take a look at acquisitions for development, Sanghi stated: “We are a profitable company…the cash and cash equivalents are pretty significant and we feel that is enough for all the investments or acquisitions we may do in the future”.
    “The way we look at acquisitions is that all these 30 million customers, the dealers or manufacturers on our platform, with an acquisition, we must be able to provide more to them. Our focus is really always-on customer experience, and if an acquisition adds to that customer experience, or gives our customers another product or another service, we would actively lookout,” he added.

    Half of the OFS difficulty measurement has been reserved for certified institutional consumers (QIBs), 35 per cent for retail traders, and the remaining 15 per cent for non-institutional traders.
    Axis Capital, Citigroup Global Markets India, Kotak Mahindra Capital Company, and Nomura Financial Advisory and Securities (India) Private Limited are the funding bankers to the difficulty.

  • Krsnaa Diagnostics IPO opens tomorrow: Here’s every part it’s worthwhile to know

    Krsnaa Diagnostics IPO opens tomorrow: Here’s every part it’s worthwhile to know

  • Devyani International IPO opens tomorrow: Here’s every thing it’s essential to know

    Devyani International IPO opens tomorrow: Here’s every thing it’s essential to know

  • Krsnaa Diagnostics IPO to open on August 4; value band set at Rs 933-954 per share

    Krsnaa Diagnostics on Monday stated it has mounted a value band of Rs 933-954 a share for its little over Rs 1,213 crore preliminary share-sale.
    The three-day preliminary public provide (IPO) will open for public subscription on August 4 and conclude on August 6. The bidding for anchor buyers will open on August 3, the corporate stated in a digital press convention.
    The IPO contains recent difficulty of fairness shares value Rs 400 crore and a proposal on the market (OFS) of as much as 8,525,520 fairness shares by its current shareholders.
    As part of the OFS, Phi Capital will promote 16 lakh fairness shares, Kitara will offload 33,40,713 fairness shares, Somerset Indus Healthcare Fund I Ltd will provide 35,63,427 fairness shares and Lotus Management Solutions will promote 21,380 fairness shares.

    At the higher finish of the worth band, the IPO is anticipated to mobilise Rs 1,213.3 crore.
    Proceeds from the recent difficulty can be used for financing the price of establishing diagnostics facilities at Punjab, Karnataka, Himachal Pradesh, and Maharashtra; compensation of loans availed by the corporate and basic company functions.
    The firm stated buyers can bid for at least 15 fairness shares and in multiples of 15 thereafter.
    JM Financial Ltd, DAM Capital Advisors Ltd, Enquires Capital Pvt, and IIFL Securities are service provider bankers to the problem.
    Krsnaa Diagnostics present a spread of technology-enabled diagnostic providers similar to imaging (together with radiology), pathology/scientific laboratory and tele-radiology providers to private and non-private hospitals, medical schools and group well being centres pan-India.

    The firm focuses on the general public personal partnership (PPP) diagnostics section, and has the most important presence within the diagnostic PPP section.
    As of June 2021, the corporate operated 1,823 diagnostic centres providing each radiology and pathology providers in 13 states throughout the nation.

  • DelicateBank-backed insurance coverage aggregator Policybazaar information for $810 million IPO

    DelicateBank Group-backed on-line insurance coverage aggregator Policybazaar has filed for an preliminary public providing of as much as 60.18 billion rupees ($809.36 million), becoming a member of a string of Indian startups which have tapped capital markets in current months.
    Indian food-delivery agency Zomato had a stellar public debut final month, whereas fintech agency Paytm has filed for an inventory as markets hover at report highs and cash-laden traders hunt for corporations more likely to profit within the post-pandemic world.
    PB Fintech Ltd, Policybazaar’s mother or father, will concern new shares value 37.5 billion rupees and present traders will offload shares value 22.68 billion rupees within the providing, a draft prospectus confirmed https://www.investmentbank.kotak.com/downloads/pb-fintech-limited-DRHP.pdf on Monday.
    DelicateBank unit SVF Python II (Cayman) Ltd is promoting 18.75 billion rupees of shares.
    Launched in 2008, Policybazaar is an internet platform for purchasers and insurer companions to purchase and promote merchandise.
    The firm stated it could use the proceeds of the IPO to construct its model, develop an offline presence, and make investments and acquisitions.
    Policybazaar can be concentrating on a pre-IPO concern of shares value 7.5 billion rupees, and can reduce the scale of the providing’s contemporary concern element if the position is accomplished.
    Kotak Mahindra Capital, Morgan Stanley, Citigroup Global Markets India, ICICI Securities, HDFC Bank, IIFL Securities and Jefferies India are the ebook operating lead managers for the IPO.
    ($1 = 74.3550 Indian rupees)

  • Devyani International Rs 1,838-crore IPO to open on August 4; units value band at Rs 86-90/share

    Devyani International, the most important franchisee of Pizza Hut, KFC and Costa Coffee in India, on Friday mounted a value band of Rs 86-90 a share for its Rs 1,838-crore preliminary share-sale.
    The three-day preliminary public providing (IPO) will open for subscription on August 4, and conclude on August 6, the corporate introduced in a digital press convention.
    The IPO consists of recent situation of fairness shares price Rs 440 crore and an offer-for-sale of as much as 155,333,330 fairness shares by promoter and current shareholder.
    Under the offer-for-sale, Dunearn Investments (Mauritius) Pte Ltd, a wholly-owned subsidiary of Temasek Holdings, will offload 6,53,33,330 shares and promoter RJ Corp will promote 9 crore shares.

    The provide features a reservation of as much as 5.50 lakh fairness shares for the corporate’s staff.
    Also, 75 per cent of the problem dimension has been reserved for certified institutional consumers (QIBs), 15 per cent for non-institutional consumers and the remaining 10 per cent for retail traders.
    Investors can bid for minimal 165 fairness shares and in multiples of 165 fairness shares thereafter.
    At the higher finish of the value band, the IPO is predicted to fetch Rs 1,838 crore.
    Proceeds from the recent situation will likely be used to retire debt and common company functions.
    Devyani International is an affiliate firm of RJ Corp, the most important bottling companion of meals and drinks (F&B) main Pepsico, and has pursuits within the Indian retail F&B sector.
    The firm is the most important franchisee of Yum Brands, working core manufacturers akin to Pizza Hut, KFC, Costa Coffee apart from its personal manufacturers akin to Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar.
    It at the moment operates 297 Pizza Hut shops, 264 KFC shops and 44 Costa Coffee as on March 2021 in India.

    Devyani International is led by Ravi Kant Jaipuria, promoter of RJ Corp and Virag Joshi, President and CEO, who’ve been key strategists of the enlargement efforts by the corporate.
    Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and Motilal Oswal Investment Advisors are the e book working lead managers to the problem.

  • Exxaro Tiles IPO to open on August 4; units worth band at Rs 118-120 per share

    Exxaro Tiles, a number one producer of vitrified tiles, on Friday stated it has mounted a worth band of Rs 118-120 a share for its preliminary share-sale.
    The-three day preliminary public providing (IPO) will open on August 4, and conclude on August 6, the Gujarat-based Exxaro Tiles introduced in a digital press convention.
    The preliminary public providing of as much as 1,342,4000 fairness shares includes a contemporary situation of as much as 1,11,86,000 fairness shares and an offer-for-sale of as much as 22,38,000 fairness shares by Dixitkumar Patel.
    At the higher finish of the value band, the IPO will fetch Rs 161.08 crore.

    Proceeds from the contemporary situation can be utilised in direction of repaying/prepaying of borrowings, fund its working capital necessities moreover utilising it for common company functions.
    Promoted by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel and Kirankumar Patel, Exxaro Tiles is primarily engaged within the enterprise of producing and advertising and marketing of vitrified tiles used majorly for flooring options catering to residential and business segments. It at the moment has an over 2,000 vendor community throughout 27 states.
    Pantomath Capital Advisors is the e book operating lead supervisor to the problem.
    The fairness shares will likely be listed on NSE and BSE.