After the calmness of the last few weeks, the IPO market has now gathered momentum again. Next week not one or two but 4 companies are going to issue their issue. These include Sona Comstar, Shyam Metalics, Dodla Dairy and KIMS Hospitals.
There have been 19 IPOs in 2022 in which more than Rs 29,000 crore has been raised. These include Brookfield REIT and PowerGrid Infrastructure Investment Trust. The 4 IPOs that are coming next week can raise a total of Rs 9,122.92 crore.
Sona BLW Precision Forgings (Sona Comstar)
Of these, the IPO of the country’s largest auto parts maker Sona Comstar will open on June 14 and close on June 16. Its price band has been fixed at 285-291.
The company plans to raise Rs 5500 crore from the issue. This includes a fresh issue of Rs 300 crore and an offer for sale of Rs 5,350 crore. The company will use Rs 241.12 crore out of the fresh issue raised to repay the loan. In this, a minimum of 51 shares can be bid.
Shyam Metalics and Energy Ltd
The IPO of steel manufacturing company Shyam Metallics and Energy Ltd. will also open on June 14 and close on June 16. The company is preparing to raise Rs 909 crore from the issue. The price band of the issue is Rs 303-306 crore.
Its lot size is 48 shares. This IPO will open for anchor investors on June 11. For this public issue, the company will issue fresh equity shares worth Rs 657 crore.
At the same time, the promoters and existing investors of the company will issue shares worth Rs 252 crore through offer for sale (OFS). The company will use Rs 657 crore raised through this IPO to pay off the debt of itself and its associate company SSPL.
The IPO of Hyderabad-based company Dodla Dairy will open on June 16 and close on June 18. The price band of the issue has been fixed at Rs 421-428. The IPO will have a fresh issue of Rs 50 crore and an offer for sale of 1,09,85,444 shares.
The offer for sale included TPG Dodla Dairy 92 lakh shares, Dodla Sunil Reddy 4,16,604 equity shares, Dodla Family Trust 10,41,509 equity shares and Dodla Deepa Reddy. Reddy) will sell 3,27,331 shares.
Dodla Sunil Reddy, Dodla Family Trust and Dodla Deepa Reddy are part of the promoter group. The lot size of this IPO is 35 shares.
The IPO of Krishna Institute of Medical Sciences (KIMS Hopitals) will open on June 16 and close on June 18. The price band of this IPO is Rs 815-825. The IPO will consist of a fresh issue of Rs 200 crore and an offer for sale of 2,35,60,538 equity shares. General Atlantic has an investment in this company.
Under the Offer for Sale, General Atlantic Singapore KH owns 1,60,03,615 Equity Shares, Dr. Bhaskar Rao 3,87,966 Shares, Rajasri Bollineni owns 7,75,933 Equity Shares, Bollineni Ramanaiah Memorial Hospitals owns 3,87,966 Equity Shares and other Shareholders will sell 60,05,058 equity shares.
In the IPO, shares worth Rs 20 crore are reserved for employees. The lot size of the issue will be 18 shares. The company will use the money raised from the IPO to meet its business needs and repay the loan of Rs 150 crore.
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