New Delhi: This week as many as 5 corporations are set to come out with preliminary public provides to elevate an estimated Rs 3,764 crore.
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, data with the exchanges confirmed. Shares of those corporations can be listed on BSE and NSE, information company PTI has reported.
The preliminary public providing (IPO) Anupam Rasayan is presently underway. Apart from these, 9 corporations have already floated their preliminary share-sales thus far.
Craftsman Automation IPO
On Friday, Craftsman Automation and Laxmi Organics Industries had raised Rs 247 crore and Rs 180 crore respectively from anchor traders. Automaker Craftsman Automation’s Rs 824-crore IPO includes a recent concern of fairness shares aggregating up to Rs 150 crore and a suggestion on the market (OFS) of up to 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 concern, with a value band of Rs 1,488-1,490 a share, will open on March 15 and shut on March 17.
Laxmi Organics IPO
Laxmi Organics’ IPO consists of recent issuance of shares aggregating to Rs 300 crore and a suggestion on the market price Rs 300 crore by the promoter Yellow Stone Trust. The value band has been fastened at Rs 129-130 per share for the IPO, which is able to open for public subscription throughout March 15-17.
Kalyan Jewellers India Ltd IPOÂ
The Rs 1,175-crore IPO of Kalyan Jewellers India Ltd includes issuance of recent fairness aggregating up to Rs 800 crore and a suggestion on the market price Rs 375 crore. Kalyan Jewellers’ promoter T S Kalyanaraman can be offloading shares price up to Rs 125 crore, whereas Highdell Investment Ltd, an affiliate of Warburg Pincus, would promote up to Rs 250 crore price of shares via the OFS route. The firm has set the worth band at Rs 86-87 a share for the preliminary share-sale, which is able to conclude on March 18.
Suryoday Small Finance Bank IPO
The IPO of Suryoday Small Finance Bank includes recent issuance of 81,50,000 fairness shares and a suggestion on the market of up to 1,09,43,070 fairness shares by current shareholders. Those providing shares via 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 fastened a value 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 recent concern in direction of augmenting its Tier-1 capital base to meet future capital necessities.
Nazara Technologies IPO
Gaming agency Nazara Technologies’ Rs 583-crore public concern 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 identified for its video games on World Cricket Championship, Chhota Bheem and Motu Patlu collection. The firm’s IPO can be open for subscription throughout March 17-19 with a value band of Rs 1,100-1,101 a share for the difficulty.
