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Upcoming IPOs: Senco Gold, AGS Transact To Hit Markets


Jewellery maker Senco Gold and payment solutions company AGS Transact files draft papers with the market regulator for raising funds from the primary markets. While Senco Gold has plans to raise some Rs. 600 crore, AGS Transact is gearing to raise a sum of Rs. 1000 crore.

Upcoming IPOs: Senco Gold, AGS Transact To Hit Markets

Senco involved in selling both gold and diamond jewellery also sells jewels of other metals such as platinum, silver and other semi and other precious stones. The funds mopped through the IPO route will be used to finance the setting up of new company showrooms as well as will be used in other capital requirement and other corporate functions.

IDFC Bank, ICICI Securities, IIFL Holdings, Emkay Global Financial Services and YES Securities will manage the company's initial share-sale. The equity shares of the company are proposed to be listed on both the NSE and BSE.

Another company by the name AGS Transact which is the payment solutions services company. AGS' initial share-sale comprises fresh issue of equity shares aggregating up to Rs 400 crore, besides, an offer for sale worth up to Rs 600 crore by the existing shareholders, draft papers filed with Securities and Exchange Board of India (Sebi) showed. In adition, the company plans a pre-IPO placement of up to 50 lakh equity shares for up to Rs 125 crore.

Also, it is known that Harsha Engineers has reached Sebi for coming with an IPO. The company is engaged in manufacturing precision bearing cages.

There is also news making rounds that Anand rathi Wealth management group is also like to file papers with the regulator to raise IPO money.

Read more about: ipo
Story first published: Friday, August 24, 2018, 11:07 [IST]
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