SEBI nod to seven companies to raise funds through IPO

These firms are PB Fintech Limited, ESAF Small Finance Bank, Sapphire Foods India, Anand Rathi Wealth, One 97 Communications Limited, HP Adhesives and Tarsan Products Limited.

Fintech platform Paytm’s parent company One97 Communications’ IPO includes a new issue ₹8,300 crore and ₹There will be an offer for sale of Rs 8,300 crore. It will also be India’s biggest ever public issue, a record previously held by Coal India, which raised ₹15,000 crore a decade ago.

One97 was founded in 2000 by Vijay Shekhar Sharma. It started its journey as a value-added service provider, and evolved over the years to become an online mobile payments firm.

Owners of online platforms Policybazaar and Paisabazaar will present a new issue of PB Fintech ₹3750 crore in addition to the offer for sale of ₹2267.50 crore by its existing shareholders and promoters.

The OFS includes sale of up to Rs 1875 crore by SVF Python II (Cayman). ₹250 crores by Yashish Dahiya, ₹95 crores by Alok Bansal, ₹27.50 crores by Founder United Trust, ₹12.50 cr by Shikha Dahiya ₹7.50 crores by Rajendra Singh Kuhar.

The firm is India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. It provides convenient access to insurance, loans and other financial products and aims to create awareness among Indian households about the financial impact of death, illness and loss.

ESAF Small Finance Bank’s IPO includes a new issue ₹800 crore and offer for sale ₹197.78 crore by its existing promoters and shareholders.

The OFS includes sale of up to Rs 21.33 crore by PNB MetLife India Insurance Company. ₹17.46 crore by Bajaj Allianz Life Insurance Limited, up to ₹87 Cr and up by PI Ventures LLP ₹2.60 million by John Chacola.

The IPO of Sapphire Foods India consists of a net offer for sale of 17.57 million shares by the existing shareholders and promoters.

The OFS includes 8.50 lakh shares by QSR Management Trust, 5.57 million shares by Neelam Foods Mauritius Limited, 4.85 million shares by WWD Ruby Limited, up to 3.96 million shares by Amethyst Private Limited, 80169 shares by AAJV Investments. Trust, up to 1.62 million shares by Edelweiss Crossover Opportunities Fund and 6.46 lakh shares by Edelweiss Crossover Opportunities Fund Series II.

Sapphire Foods is the largest franchisee of Yum Brands in the Indian subcontinent, backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. The franchise arrangement with Yum allows the firm to operate on a non-exclusive basis under the brands KFC, Pizza Hut and Taco Bell in various states of India in Sri Lanka and Maldives.

Anand Rathi Wealth’s IPO consists of a net offer for sale of 12 million shares by its existing shareholders and promoters.

This includes 9.29 million shares by Anand Rathi Financial Services Limited (ARFSL), up to 90000 shares by Jugal, up to 3.75 lakh shares by Anand Rathi, Pradeep Gupta, Amit Rathi, Preeti Gupta, Supriya Rathi, Rawal Family Trust, Firoz Aziz. Minister.

Anand Rathi Wealth is one of the leading non-bank wealth resolution firms in India and has been ranked among the top three non-bank mutual fund distributors in India by gross commission earned in FY20.

Tarsons Products Limited’s IPO includes a recent issue of ₹150 crore and offer for sale of 13.20 million shares by existing shareholders and promoters. The OFS includes up to 3.90 lakh shares of Sanjeev Sehgal, up to 3.10 lakh shares of Rohan Sehgal and 12.50 million shares or 24.5% stake held by Clear Vision Investment Holdings Pvt Ltd. At present, Sanjeev Sehgal and Rohan Sehgal hold 29.16% and 21.81% stake. stake, while Clear Vision Investments holds 49% stake in the firm.

The firm manufactures a range of quality labware products that help advance scientific discovery and improve healthcare. As of March 2021, it had a diversified product portfolio with more than 1,700 SKUs across 300 products.

The IPO of HP Adhesives consists of issue of 41.40 lakh equity shares and offer for sale of 4,57,200 equity shares by promoter Anjana Haresh Motwani. HP Adhesives manufactures a wide range of consumer adhesives and sealant products such as PVC, Solvent Cement, Synthetic Rubber. Adhesive, PVA adhesive, silicone sealant, acrylic sealant, gasket shellac, other sealants, and PVC pipe lubricant.