Mumbai One MobiKwik Systems Ltd., SJS Enterprises Ltd. and Scanray Technologies Ltd. have received approval from capital markets regulator Securities and Exchange Board of India to launch an initial public offering.
MobiKwik had filed the draft documents for the IPO with SEBI on July 12, while SJS Enterprises had filed the documents on July 28. Scanray Technologies had filed the form on June 27.
The issue of MobiKwik includes a recent issue of ₹1500 crore and an offer for sale ₹400 crores by its existing promoters and shareholders.
Offer for sale includes sales up to ₹9.98 crores by American Express Travel Related Services, ₹68.98 crore by Bajaj Finance, ₹20.88 crore by Sequoia Capital India Investment Holdings III, ₹74.11 crore by Sequoia Capital India Investments IV, ₹113.33 crore by Bipin Preet Singh, ₹11.48 crores by Cisco Systems, ₹24.41 crore by Tree Line Asia Master Fund Pte. and ₹78.82 crores by Upasana Roopkrishna Taku.
ICICI Securities, BNP Paribas, Credit Suisse, IIFL Securities and Jefferies India are the book running managers of the issue.
SJS Enterprises plans to grow ₹800 crores. The IPO consists of a net offer for sale of ₹688 crore by Evergraph Holdings Pte. and ₹112 crores by KA Joseph. Axis Capital, Edelweiss Financial Services and IIFL Securities are the book lead managers to the issue.
Medical device maker Scanray Technologies looking to scale up ₹400 crore in new capital, as well as a secondary share sale, in which it is expected to sell a portion of its stake to its promoters and existing private equity investor Ascent Capital.
The Mysore-based firm, which was founded in 2007 by Vishwaprasad Alva, manufactures medical equipment including patient monitoring systems, high-frequency X-ray devices, ventilators and critical care equipment. It operates two US Food and Drug Administration-approved manufacturing facilities in Mysore, and one in Bologna, Italy.
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