IPO market set for a busy week; 4 firms to raise ₹4,500 crore through public offering

Talking about IPO MarketVinod Nair, Head of Research, Geojit Financial Services, said, “Secondary market volatility has led to a weak IPO market in 2022 and is expected to remain weak further.”

However, Nair said, “The investor response to the proposal IPO The opportunity to invest in new companies at attractive prices was decent. This was also in the context of higher liquidity available from HNIs and retail investors seeking listing benefits. The majority of IPOs were attractive to institutional investors looking to invest in high-quality new businesses, thereby diversifying plans.”

Here is a list of 4 IPOs that will launch next week.

DCX Systems IPO:

Commencing operations in 2011, DCX Systems is one of the leading Indian players in the defense and aerospace sector for manufacturing electronic sub-systems and cable harnesses in terms of manufacturing capacity and revenue in fiscal 2022.

The company is primarily engaged in System Integration and manufacturing of a wide range of Cable & Wire Harness Assemblies and is also involved in Kitting.

The DCX Systems IPO will open on October 31 and will be available for subscription until November 2, 2022. The company plans to expand about it. 500 crore through issue.

The IPO consists of a new issue, priced at Rs. Offer for sale up to Rs.400 crore and above 100 crores. The price band for the issue has been fixed 197 per share to 207 per share.

The total issue size will be 1,45,11,146 equity shares. Out of the total issue, 75% of the IPO is reserved for Qualified Institutional Buyers (QIBs), while 15% is allocated to non-institutional investors (NIIs) and the remaining 10% size is to be allocated to retail investors.

On 28 October, the company almost 225 crores from anchor investors like HDFC Mutual Fund, Motilal Oswal Mutual Fund and BNP Paribas Arbitrage.

The minimum bid quantity in the IPO is 72 equity shares.

Companies such as Edelweiss Finance Services, Axis Capital and Saffron Capital Advisors are acting as book-running lead managers.

Fusion Microfinance IPO:

The company is backed by global private equity major Warburg Pincus. It provides financial services to underprivileged women across India to facilitate their access to greater economic opportunities.

ICICI Securities, CLSA India, JM Financial and IIFL Securities are the principal managers of the IPO.

The IPO of Fusion Microfinance will open on November 2 and end on November 4. This issue contains a new issue 600 crore and offer for sale (OFS) of 13,695,466 equity shares by promoters and existing shareholders.

Under the OFS, promoters like Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd., Creation Investments Fusion, LLC, Oikocredit Ecumenical Development Co-operative Society UA and Global Financial Inclusion Fund will participate.

For IPO, the price band is fixed 350 per share and 368 per share.

Global Health IPO:

Global Health, which operates Medanta Hospitals, is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India in terms of bed capacity and operating revenue as of March 31, 2022. The major specialties of the company are in Cardiology. and cardiology, neurology, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplantation, and kidney and urology, according to the Crisil report.

Global Health will look to launch its IPO on November 3rd 2,205 crores. The bid will be available for subscription till November 7.

IPO covers a fresh issue 500 crore and Offer for Sale (OFS) of about 5.08 crore equity shares by the promoters. The sold shareholders are Anant Investments and Sunil Sachdeva.

The principal managers of the IPO are Kotak Mahindra Capital, Credit Suisse Securities (India), Jefferies India and JM Financial.

Out of the total issue size, 50% of the IPO will be allocated to Qualified Institutional Buyers (QIBs), while 15% of the size will be earmarked for non-institutional investors and the remaining 35% for retail individuals.

Price band fixed for IPO 319 per share and 336 per share.

Bikaji Foods IPO:

The company is the third largest ethnic snacks company in India, selling Indian snacks and sweets with an international footprint, and the second fastest growing company in the Indian organized snacks market.

In the fiscal year 2022, Bikaji is the largest producer of Bikaneri Bhujia with an annual production of 29,380 tonnes, and the second largest manufacturer of handmade papads with an annual production capacity of 9,000 tonnes.

BKG IPO is purely an offer for sale (OFS) of 29,373,984 equity shares. The sold shareholders in OFS are Shiv Ratan Agarwal, Deepak Agarwal, Maharaja of India 2020, Intensive Softshare and IIFL Special Opportunities.

The company plans to raise approx. 900 crores from the issue. Its price band is expected to be announced next week.

The IPO will open on November 3. Membership here will be given till November 7. Of the total size, 50% of the issue is to be allocated to QIBs, while 15% is earmarked for NIIs, and the remaining 35% for retail. investor.

JM Financial, Axis Capital, IIFL Securities, Intensive Fiscal Services and Kotak Mahindra Capital Company are the principal managers of the IPO.