The primary market is in for a hectic week from October 31 to November 4, with four businesses preparing to launch initial public offerings (IPO). These four IPOs aim to raise around Rs. 4,500 crores. These IPOs are from many industries, including FMCG, healthcare, financial services, and cables and wires.
Following the IPO, the companies will be listed on the BSE and NSE. So far this year, the IPO market has seen a bittersweet ride as a result of severe volatility in larger markets, as investors’ moods have been chaotic under recession fears fueled by macroeconomic uncertainties. Here are details about IPOs :-
DCX Systems, which began operations in 2011, is one of the leading Indian players in the defense and aerospace sectors in terms of production capability and revenue in fiscal 2022. The company specializes in system integration and the manufacture of a wide range of cables and wire harness assemblies, as well as kitting.
DCX Systems’ initial public offering (IPO) will begin on October 31 and will remain open for subscription until November 2, 2022. The business intends to raise approximately 500 crores through the offering.
The IPO includes a 400 crore fresh issue and a 100 crore offer for sale. The issue’s price band is set at 197 to 207 per share. The total number of equity shares to be issued will be 1,45,11,146. 75% of the whole offer is designated for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 10% for retail investors.
On October 28, the company raised around 225 crores from anchor investors including HDFC Mutual Fund, Motilal Oswal Mutual Fund, and BNP Paribas Arbitrage. In the IPO, the minimum bid quantity is 72 equity shares. The book-running lead managers include Edelweiss Finance Services, Axis Capital, and Saffron Capital Advisors.
Warburg Pincus is a multinational private equity firm that has invested in this company. It offers financial services to underprivileged women all around India, allowing them to access more economic prospects. The IPO is led by ICICI Securities, CLSA India, JM Financial, and IIFL Securities.
Fusion Microfinance’s initial public offering (IPO) is set to begin on November 2 and conclude on November 4. The offering includes a fresh issue of 600 crores as well as an offer of sale (OFS) of 13,695,466 equity shares by promoters and current shareholders.
Promoters of the OFS include Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd, Creation Investments Fusion, LLC, Oikocredit Ecumenical Development Co-operative Society U.A, and Global Financial Inclusion Fund. The price band for the IPO has been set at 350 and 368 per share, respectively.
As of March 31, 2022, Global Health, which owns Medanta hospitals, was one of the major private multi-specialty tertiary care providers in India’s North and East regions in terms of bed capacity and operational income. According to CRISIL Report, the company’s main specializations are cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology.
On November 3, Global Health will go public in order to raise around Rs. 2,205 crores. The bid is out for subscription until November 7.
The IPO consists of a fresh offering of 500 crores and a promoters’ offer for sale (OFS) of about 5.08 crore equity shares. Anant Investments and Sunil Sachdeva are among the sellers. Kotak Mahindra Capital, Credit Suisse Securities (India), Jefferies India, and JM Financial are the lead managers for the IPO.
The IPO will allot 50% of the overall offer size to qualified institutional buyers (QIB), 15% to non-institutional investors, and the remaining 35% to retail people. The IPO price band is set at 319 and 336 per share.
This company is the third largest ethnic snacks company in India with an international presence, providing Indian snacks and sweets, and the second fastest growing company in the Indian organized snacks market.
Bikaji is the largest producer of Bikaneri bhujia in the fiscal year 2022, with an annual production capacity of 29,380 tonnes, and the second largest producer of handmade papad, with an annual production capacity of 9,000 tonnes.
Bikaji’s initial public offering (IPO) is merely an offer to sell (OFS) up to 29,373,984 equity shares. Shiv Ratan Agarwal, Deepak Agarwal, India 2020 Maharaja, Intensive Softshare, and IIFL Special Opportunities are the selling shareholders of the OFS.
The business intends to raise around 900 crores through the offering. Its pricing range will be revealed next week. The initial public offering will begin on November 3. Subscriptions can be made here until November 7. QIBs will receive 50% of the overall offering size, NIIs will receive 15%, and retail investors will receive the remaining 35%.
The IPO’s lead managers are JM Financial, Axis Capital, IIFL Securities, Intensive Fiscal Services, and Kotak Mahindra Capital Company.
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