Tag: IPO – Upcoming Issues

Pharma company Valiant Laboratories is going public on September 27 at a price band of Rs 133-140 per share. The company plans to raise Rs 152.46 crore via the IPO. Proceeds will be used to fund the expenditure for setting up a manufacturing facility for speciality chemicals and for working capital requirements and general corporate purposes. Valiant Laboratories is a Mumbai-based API and bulk drug manufacturing company with a focus on Paracetamol. It is owned by the promoters including Dhanvallabh Ventures LLP, which holds 62.5 percent shareholding. Valiant Organics, the listed entity on the BSE and NSE, is the promoter of Dhanvallabh Ventures LLP with 73.15 percent stake.

Mumbai-based facility management company Updater Services is launching its IPO on September 25 with a price band of Rs 280-300. The IPO comprises a fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 80 lakh shares worth Rs 240 crore. The company plans to use the fresh issue proceeds to repay debt, meet working capital requirements, and fund inorganic initiatives. Retail investors can bid for a minimum of 50 shares and in multiples of 50 shares thereafter. The issue will close on September 27 and the shares are expected to list on the BSE and NSE on October 9.

Pharma company Valiant Laboratories is launching its maiden public issue on September 27, 2023. The IPO will comprise only a fresh issue of 1.09 crore equity shares by the company and there will be no offer-for-sale portion in the issue. The net proceeds from the IPO will be used to set up a manufacturing facility for specialty chemicals in Bharuch, Gujarat and for general corporate purposes. The company recorded a profit of Rs 29 crore for the year ended March FY23, up by 5.5 percent from previous year, and the revenue from operations increased by 14.5 percent to Rs 333.9 crore during the same period. Valiant Laboratories' shares are expected to make their debut on the BSE and NSE on October 9, 2023.

Vaibhav Jewellers IPO is launching on September 22-26, with a price band of Rs 204-215 per share. The company has a strong track record of growth and is expanding its reach. The IPO is reasonably priced and offers investors an opportunity to invest in a growing business.

Yatra Online, the third-largest online travel company in India, raised Rs 348.75 crore from anchor investors ahead of its IPO. The company will launch its Rs 775-crore IPO on September 15, comprising a fresh issuance of shares worth Rs 602 crore and an offer-for-sale (OFS) of 1,21,83,099 equity shares worth Rs 173 crore. The proceeds from the IPO will be used for strategic investments, acquisitions and inorganic growth, customer acquisition and retention, technology, and other organic growth initiatives.

Andhra Pradesh-based jewellery retailer Manoj Vaibhav Gems N Jewellers will open its IPO on September 22. The IPO will consist of a fresh issue of Rs 210 crore and an offer-for-sale (OFS) of 28 lakh shares by the promoter. The company will use the proceeds from the IPO to establish eight new showrooms and for general corporate purposes. The IPO will be managed by Bajaj Capital and Elara Capital (India). The company's shares are expected to start trading on the BSE and NSE on October 6.

JSW Infrastructure, the port-related infrastructure company of the JSW Group, is all set to launch its IPO on September 25. The IPO will consist of a fresh issue of Rs 2,800 crore and will not have an offer-for-sale component. The company will use the proceeds from the IPO to repay debts, expand its operations, and for general corporate purposes. The IPO will be open for subscription from September 25 to September 27, and the anchor book will be open on September 22. The trading in the equity shares of JSW Infrastructure on the BSE and NSE will commence with effect from October 6.

The company will use the proceeds from the IPO to fund customer acquisition and retention, development of technology and products, and repayment of debt. Zaggle is targeting a market that is expected to grow at a CAGR of 20% over the next few years. The IPO is expected to be well-received by investors, given the strong demand for new listings in the Indian market.

Sai Silks Kalamandir, a leading ethnic apparel retailer in south India, is launching its IPO on September 20. The IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer-for-sale (OFS) of 2.7 million shares by promoter group. The company plans to use the net proceeds from the IPO to set up 30 new stores and two warehouses. The IPO is likely to be well-received by investors.

Signature Global, the largest real estate developer in Delhi NCR, is launching its IPO on September 20 to raise Rs 730 crore. The company will use the proceeds to repay debts and for inorganic growth. The IPO is being managed by ICICI Securities, Axis Capital, and Kotak Mahindra Capital Company. Investors should be aware of the risks associated with the IPO, such as the company's history of losses and its high debt levels.