Penna Cement Industries, Latent View Analytics and Sigachi Industries also got SEBI nod to raise funds through initial public offering.
Six companies, including Nykaa, Adani Wilmar and Star Health and Allied Insurance, have received capital markets regulator SEBI’s nod to initiate initial share-sales.
Apart from these, Penna Cement Industries, Latent View Analytics and Sigachi Industries also got SEBI nod for raising funds through initial public offering.
These six companies, which filed their initial IPO papers with SEBI between May and August, received their “comments” during October 11-14, showed an update with SEBI on Monday.
In the parlance of SEBI, issue of comments refers to issue of Initial Public Offering (IPO).
According to the draft paper, the IPO of FSN E-Commerce Ventures Ltd, which runs the online marketplace for beauty and wellness products Nykaa, consists of fresh issue of equity shares worth Rs 525 crore and sale (OFS) of 43,111,670 equity shares. Promoters and existing shareholders.
Promoters Sanjay Nair Family Trust & Shareholders, TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Lighthouse India III Employees Trust, Yogesh Agencies & Investments, JM Financial & Investment Consultancy Services and some individuals who sold shares in OFS are shareholders.
According to merchant banking sources, the initial share-sale is expected to fetch the company Rs 3,500-4,000 crore, which will value the company between $5 billion and $5.5 billion.
The proposed IPO of Adani Wilmar will be in the form of fresh issue of equity shares amounting to ₹4,500 crore (approximately $600 million). There will be no secondary offer.
The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.
Adani Wilmar is a 50:50 joint venture company between Adani Group and Wilmar Group.
As per the draft Red Herring Prospectus (DRHP), the IPO of Star Health and Allied Insurance Company includes fresh issue of equity shares worth Rs 2,000 crore and offer for sale of 60,104,677 equity shares by promoters and existing shareholders.
Promoters and promoter group Safecrop Investments India LLP, Konark Trust, MMPL Trust; and existing investors Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame du Lac, Mio Star, RoC Capital Pvt Ltd, Venkatasamy Jagannathan, Sai Satish and Bergis Meenu Desai.
Star Health, the leading private health insurance company in the country, is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala.
The IPO of Hyderabad-based Pena Cement includes fresh issue of equity shares worth ₹1,300 crore and an offer for sale up to ₹250 crore by the promoter as per DRHP.
The IPO of Latent View Analytics consists of fresh issue of equity shares worth Rs 474 crore and offer for sale of equity shares worth Rs 126 crore by promoter and existing shareholders. As a part of the offer for sale, promoter Adugudi Viswanathan Venkataraman will sell shares worth ₹60.14 crore, shareholder Ramesh Hariharan will sell ₹35 crore shares and Gopinath Koteswaran will sell ₹23.52 crore shares among others.
The IPO of Sigachi Industries, a cellulose based accessory maker, will see sale of 76.95 lakh equity shares. The shares of all the six companies will be listed on BSE and NSE.
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