Today the four IPOs to hit the market and are Devyani International IPO, Exxaro Tiles IPO, Krsnaa Diagnostics IPO and Windlas Biotech IPO. These four IPOs will start from today and close on August 6. Check out all other details that you want to know about these IPOs.
Here are the key highlights of the IPOs are as follows:
Devyani International
Devyani, the largest franchisee of Pizza Hut, KFC, and Costa Coffee, will launch its IPO comprising of Rs440cr of fresh issue and offer for sale of 15.53cr equity shares from promoter’s RJ Corp and Dunearn Investments. The company will raise a total of Rs1,838cr.
The price band is said to be fixed between Rs86-Rs90 per equity share.
Companies like Kotak Mahindra Capital, CLSA, Edelweiss Financial Services, Motilal Oswal Investment Advisors and Link Intime are global coordinators and book running lead managers for the IPO.
The media reports said that in the grey market, shares of the company are trading at a premium of Rs54-56 per share, i.e., 62% above the upper band of the issue price.
Windlas Biotech
The IPO involves Rs165cr fresh issue and offers for sale of up to 5,142,067 equity shares by Vimla Windlass and Tano India Private Equity Fund II.
The Price Band of the Offer has been fixed at Rs448 to Rs460 per Equity Share.
SBI Capital Markets, DAM Capital Advisors, IIFL Securities and Link Intime are acting as the book running lead manager (BLRM) for the IPO.
Windlas Biotech is one of the top companies in the domestic pharmaceutical formulations contract development and manufacturing organization (CDMO) in India. Windlas Biotech and shareholders will raise a total Rs402cr through the issuance of fresh equity shares and offer-for-sale (OFS), respectively. Investors can bid for a minimum of 30 equity shares and in multiples of 30 shares thereafter, the media reports stated.
KRSNAA Diagnostics
The IPO comprised of Rs400cr fresh issue and offer for sale of up to 85,25,520 equity shares by PHI Capital Trust-PHI Capital Growth Fund-I and Kitara Piin, Somerset Indus Healthcare Fund I and Lotus Management Solutions.
The company will raise a total of Rs1213cr from investors. The offer includes a reservation of Rs20cr worth of shares for employees, who will get a discount of Rs93 per share.
DAM Capital Advisors (Formerly IDFC Securities), Equirus Capital, IIFL Holdings and JM Financial Consultants are the lead managers of the IPO.
In the grey market, the company shares are trading at a premium of Rs410-420 per share, i.e., 44% above the upper band of the issue price.
Exxaro Tiles
The company's IPO will hold a fresh issue of 1,11,86,000 equity shares and an offer for sale of up to 22.38 lakh equity shares by Dixitkumar Patel.
The price band of IPO is between Rs118-120 per equity share.
Pantomath Capital Advisors is the book running lead manager of the public offer.
The company proposes to utilize the net proceeds from the fresh issue towards payment of borrowings and funding its working capital requirements besides utilizing it for general corporate purposes.
Related Tags: