SEBI has given approval to 3 more IPOs namely of that of One Mobikwik Systems, Skanray Technologies and SJS Enterprises.
Mobikwik's IPO includes a fresh issue of Rs. 1,500 crore and an offer for sale of shares worth Rs. 400 crore by its promoters and shareholders. Mobikwik is an Indian digital payments company offering a mobile phone based payment system as well as digital wallet. The company filed its draft papers with SEBI for an IPO on July 12, 2021.
SJS Enterprises and Skanray had filed draft papers on 28 July and 27 June, respectively.
One Mobikwik Systems Ltd, SJS Enterprises Ltd and Skanray Technologies Ltd have received approval from Securities and Exchange Board of India (Sebi) to go public. ICICI Securities, BNP Paribas, Credit Suisse, IIFL Securities and Jefferies India are the book running managers to the Mobikwik issue.
SJS is one of the leading players in the Indian decorative aesthetics industry. The company is a "design-to-delivery" aesthetics solutions provider based out of Bengaluru. The IPOs size shall be Rs. 800 crore and it consists of an offer for sale for Rs. 688 crore by Evergraph Holdings Pte. and Rs. 112 crore by K.A. Joseph, a promoter. Axis Capital, Edelweiss Financial Services and IIFL Securities are the managers to the issue.
Skanray Technologies, set up in the year 2007, started commercial production in 2011 and is engaged in the manufacturing of medical equipment. The company is headquartered in Mysore.This company's IPO will comprise fresh issue of equity shares, aggregating up to Rs 400 crore, and OFS of up to 14,106,347 equity shares by promoters and existing shareholders.