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IPO alert: Windlas Biotech files draft papers for IPO
Representational image/IPO
Windlas Biotech Ltd has filed preliminary papers with markets regulator Sebi for an initial public offer that includes a fresh issue of Rs 165 crore.
Besides the fresh issue, there will be an offer for sale of shares. The company is into domestic pharmaceutical formulations contract development and manufacturing business.
According to the Draft Red Herring Prospectus (DRHP), the company will also consider a pre-IPO (Initial Public Offer) placement of up to Rs 50 crore.
The proposed offer includes fresh issue of Rs 165 crore and an offer for sale of up to 5,142,067 equity shares. The latter will comprise up to 1,136,000 equity shares by the individual selling shareholder and up to 4,006,067 equity shares by the investor selling shareholder , as per the document.
Bongkarn Thanyakij
Housing finance company Aptus Value Housing Finance Limited (AVHFIL) filed its papers with the market regulator SEBI to raise around Rs 2,600 - 3,000 crore. The fund raised through the initial public offering (IPO) will be used to increase the companyâs capital base and to meet future growth requirements.
The fund raise comprises a fresh issue of equity shares aggregating to 500 crore and an offer for sale of upto 6.45 crore equity shares by promoter and other selling shareholders.
The company had marquee investors like West Bridge Crossover Fund, Malabar Investments, Sequoia Capital, Steadview Capital and Madison India.
As of December 31, 2020, the companyâs AUM stood at Rs 3,790.93 crore of which 72.50 per cent were loans to self-employed customers while the balance 27.50 per cent accounted for salaried individuals.
IPO Alert: GR Infraprojects Ltd plans to raise Rs 1,000 crore via IPO
IPO Alert: GR Infraprojects Ltd plans to raise Rs 1,000 crore via IPO
Udaipur-based GR Infraprojects has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for initial public offering (IPO). This road engineering, procurement and construction (EPC) company is looking to raise around Rs 800-Rs 1,000 crore.
The company is looking at raising Rs 800-Rs 1,000 crore as per sources. The company has experience in the design and construction of various road and highway projects across 15 states in India.
In the last three fiscal years, the companyâs revenue from operations increased from Rs 3,295 crore in fiscal 2018 to Rs 6,373 crore in fiscal 2020 at a CAGR of 39 per cent. Meanwhile, the profit for the year increased from Rs 413 crore in fiscal 2018 to Rs 799 crore in fiscal 2020 at a CAGR of 39 per cent. In addition, the companyâs EBITDA has grown at a CAGR of 46 per cent from fisc
IPO Alert: Shyam Metalics and Energy looks to raise Rs 1,107 crore through IPO
IPO Alert: Shyam Metalics and Energy looks at raising Rs 1,107 crore through IPO
West Bengal-based Shyam Metalics and Energy has filed a draft red herring prospectus (DRHP) with capital market regulator, Securities Exchange Board of India (SEBI). The metal-producing company through an initial public offering (IPO) is looking at raising around Rs 1,107 crore, it stated in its DRHP.
The net proceeds of the IPO is proposed to be used for repayment/prepayment, in full or part, of debt of the Company and SSPL, one of its subsidiaries; and general corporate activities.The companyâs debt is basically availed term loans and working capital facilities in the ordinary course of business, for the purpose of capital expenditure, purchase raw materials, packing material, stores, spares and services required for day-to-day operations.