Sebi Approves 7 IPOs Worth Rs 12,000 Crore:SEBI has approved proposals for seven new IPOs worth a total of about Rs 12,000 crore. The companies whose IPOs have been approved include names like Blackstone-owned International Gemological Institute (IGI), Ecom Express, and Smartworks Coworking Spaces. These IPOs include both fresh share issuance and offer for sale (OFS) and belong to companies from different sectors.
IGI’s Rs 4,000 crore IPO
The proposed IPO of International Gemological Institute (IGI) will be worth Rs 4,000 crore. This includes Rs 1,250 crorefresh issue and Rs 2,750 croreOffer for Sale (OFS) Is included.
-
Objective of IPO: The proceeds from the fresh issue will be used for the acquisition of IGI Belgium (IGI Belgium Group) and IGI Netherlands Group (IGI Netherlands Group) and other corporate needs.
-
IGI is a company providing certification services of natural and lab-grown diamonds, jewelery and precious stones.
Ecom Express: IPO worth Rs 2600 crore
The IPO of Gurugram based Ecom Express will be worth Rs 2600 crore. This includes fresh issue of Rs 1284.50 crore and OFS of Rs 1315.50 crore. ThisThe objective of IPO is:
- Establishment of new processing centers and fulfillment centers.
- Promoting technical capacity and cloud infrastructure.
- Rs 87.92 crore will be used to repay the loan.
Also read: SBI Research estimates, GDP growth will be 6-6.5%, focus on credit growth is necessary in monetary policy, what are the indications on interest rates?
Ventiv Hospitality: Rs 1600 crore IPO
The IPO of Ventive Hospitality, a joint venture between Blackstone Group and Panchsheel Realty, is a completely fresh issue. At present, Panchsheel’s stake in this joint venture is 60 percent and Blackstone’s stake is 40 percent.
-
Issue Size:Rs 1,600 crore.
-
Objective of IPO:The amount received from the IPO will be used to repay the company’s debt.
-
Focus: Luxury hospitality business and leisure segment in India and Maldives.
Also read: NFO Alert: SBI MF’s Quant Fund launched, what is special in this scheme, when will the subscription open?
Carraro India: IPO of Rs 1,812 crore
The IPO of Carraro India will be a complete offer for sale, through which parent company Carraro International SE will sell its stake. Established in 1997, Carraro India has been manufacturing transmission systems since 1999 and axles since 2000.
Also read: Debt Mutual Funds: Long duration funds gave the highest returns in the last 1 year, should one invest in them?
Smartworks Coworking Spaces: Rs 550 crore IPO
Smartworks’ IPO is a mix of fresh issue of Rs 550 crore and OFS of 67.59 lakh shares.
-
Objective of IPO:The amount raised will be used for business expansion and corporate needs.
-
This company is active in the field of office experience and managed campus.
Also read: Retirement Planning: Couldn’t plan for retirement till the age of 50, what is the solution now, how can we arrange for a better future?
Truealt Bioenergy: IPO of Rs 750 crore
The Rs 750 crore IPO of Bengaluru-based TruAlt Bioenergy is a mix of fresh issue and OFS of 36 lakh shares.
-
Objective of IPO:
-
To meet the needs of working capital.
-
Establishment of multi-feed stock operations.
-
Speciality:The ethanol production capacity of the company is 1,400 kiloliters per day.
Also read: Investment Tips: How to avoid taking excessive risk in investment? What are the 10 mantras to avoid risky behavior?
Concorde Enviro Systems: IPO of Rs 192.3 crore
Concord Enviro Systems is an environmental engineering solutions company. The company will issue fresh shares worth Rs 192.3 crore through this IPO, while 51.94 lakh shares will be sold under OFS.
(Disclaimer: The purpose of this article is only to provide information and not to give advice on investing in any IPO. Take investment decisions only after taking the advice of your investment advisor.)
