Top IPOs: The Securities and Exchange Board of India (SEBI) has received a large number of Draft Red Herring Prospectus (DRHP) filings from various organizations. Given the favorable environment for public offerings, businesses that have already filed their first prospectus are most likely to accept public registration in January. Several Initial Public Offerings (IPOs) are expected in the month of January.
IPOs are an attractive way to invest because a company that receives a fresh inflow of capital is more likely to grow. This helps a company to see an increase in the share price.
IPO generates both immediate and long term benefits. The IPO scene will probably be in relation to the Indian stock market. Here’s a look at the list of companies that could very well file for IPOs by the start of the new year:
Puranik Builders Limited
The size of its IPOS is likely to be 510+OFS i.e. Rs 510 crore. Puranik Builders is a company that develops both residential and commercial real estate. It was established in 1990. The organization has so far completed around 35 projects, mainly in Mumbai Metropolitan Region and Pune Metropolitan Region. Puranik Builders is planning to go public in near future to get funding for more than 17 of its projects.
The total amount issued in the Public Offering of the company is Rs. 510 crores. But this only applies to the most recent issue of shares. The promoters intend to sell about 9,45,000 equity shares or a part of their holding through an Offer for Sale (OFS) through the IPO. The amount of the revenue of the sale has not yet been made public.
Fabindia Limited
Fabindia Limited has kept the size of its IPO at Rs 4000 crore. Although the company submitted its DRHP a while back, they are yet to go ahead with their listing target. That could change in January 2023, when the business finally completes its most recent IPO. That could change in January 2023, when the business finally completes its most recent IPO. Fabindia is a retail clothing company with physical and online presence that is backed by Wipro’s Azim Premji. The promoters are looking to sell 2,50,50,543 equity shares through the OFS to sell a part of their ownership, while the firm plans to raise around Rs. 500 crore through a fresh issue of shares.
Indigene Limited
Indegene is one of the many healthcare technology businesses in India. The organization, established in 1998, works with pharmaceutical companies to provide management, research and development, and many other services. The company is expected to generate Rs. 950 crore from the public sale of its shares through this IPO. Additionally, it is also expected that the promoters of the company will sell approximately 3,62,91,497 equity shares through an Offer for Sale (OFS).
TVS Supply Chain Solutions Ltd.
Incorporated in 2004, TVS Supply Chain Solutions is a member of the TVS Group of businesses. As the name suggests, the company is in the business of offering supply chain logistics solutions to other companies. In the impending IPO of TVS Supply Chain Solutions, new shares worth Rs. 2,000 crore will be released. Further, the promoters of the firm have made an offer for sale (OFS) for Rs. 3,000 crores. The net worth of the issue now is approximately Rs 5,000 crore. The organization specializes in a number of areas including demand forecasting, inventory planning, manufacturing, optimization and procurement management.
Jagal Prepaid Ocean Services Limited
Zagel Prepaid Ocean Services offers for its IPO share size to be Rs 490 crore. Zaggal Prepaid Ocean Services intends to offer around Rs. 490 crore through the most recent IPO by issuing new shares to the general public. On the other hand, the promoters are also trying to sell their investment, which is around 1.05 crore equity shares, through the Offer for Sale (OFS) component of the public issue. One of the many companies in the country offering electronic payment options is Zaggal Prepaid Ocean Services, which was established in 2011. The company works with corporates, SMEs and other organizations to offer three distinct services.
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