The momentum in India’s initial public offering market is expected to continue with draft papers from ten firms receiving approval from the Securities and Exchange Board of India.
They are Data Pattern India Limited, Electronics Mart India Limited, Gemini Edibles & Fats India Limited, India1 Payments Limited, Hetium Medtech Limited, CE Info Systems Limited, VLCC Health Care Limited, AGS Transact Technologies Limited, Metro Brands Limited and Godavari Biorefineries Limited.
Defense and aerospace supplier data pattern IPO includes a new issue of 300 crore and offer for sale of 6.07 million shares by promoters and shareholders. Data Patterns is backed by Matthew Siriak, former head of Blackstone, through Florintry Capital Partners LLP, which holds a 12.8% stake in the company.
MapmyIndia, also known as CE Info Systems IPO, consists of a net offer for sale of 7.55 million shares by its existing shareholders and promoters. MapmyIndia, a digital mapping company whose data powers Apple Inc.’s Maps and Amazon.com Inc.’s Alexa in India, is a leading provider of advanced digital maps, geospatial software and location-based IoT technologies.
Apax Partners Promotes Healthium Medtech Ltd, India’s Second Largest Medical Consumables & Surgical Sutures Company, IPO Involves a New Issue 390 crore and offer for sale of 39.10 million shares by its existing shareholders and promoters.
The latest issue of Rakesh Jhunjhunwala-backed Metro Brands IPO includes 250 crore and offer for sale of 21.90 million shares to shareholders. Footwear retailers will use this money to spend on opening new stores.
Gemini Edibles & Fats India IPO includes a pure offer for sale 2500 crores. The firm is the market leader in the sunflower oil category. Hyderabad-based Electronics Mart plans to raise 500 crore through IPO
Beauty and wellness firm VLCC Health Care IPO includes a fresh issue of 300 crore and offer for sale of 8.92 million shares by its existing promoters and shareholders. Founded by Vandana Luthra, VLCC withdrew its IPO in 2016 due to demonetisation.
Omni-channel payment solutions provider AGS Transact Technologies is a pure offer for sale up to the IPO 800 crores by its shareholders and promoters.
The latest issue of Godavari Biorefineries IPO includes 370 crores and OFS of 6.56 shares by the promoters and investors. The firm is one of the major producers of ethanol and a leader in the manufacture of ethanol based chemicals in India
India1 Payments IPO includes a new issue 150 crore and offer for sale of 10.31 million shares by its existing shareholders and promoters. The company is the largest independent non-bank ATM operator in India.
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