It's IPO season again. After back to back public issue offers this week from Soma Comstar, Shyam Metalics to Dodla Dairy and KIMS Hospitals which ended for subscription today, 2 IPOs are in the pipeline, with one hitting in June itself.
1. India Pesticides:
The agrochemical chemical company will come up with a Rs. 800 crore IPO. The issue includes a fresh issuance of shares of Rs. 100 crore and an OFS of Rs. 700 crore by the company's shareholders. The proceeds from the issue will be put for meeting the company's working capital requirements and for general corporate purposes.
As per the DRHP, the company may even opt for a pre-IPO placement of Rs. 75 crore and in this case the fresh issuance size will be lessened accordingly.
IPO offer date: June 23, 2021- June 25, 2021
Price band: Rs. 290-Rs. 296 per share
Retail quota: 35%
BRLD: Axis Capital and JM Financial
As per the ET report., the company is the only manufacturer of 5 agrochemical technicals. Also, the company is the leading manufacturer of Captan, Folpet and Thiocarbamate Herbicide with respect to production capacity globally.
2. Glenmark Life Sciences:
Glenmark Life Sciences, a fully-owned subsidiary firm of Glenmark Pharmaceuticals is expected to come up with its public issue in July to raise a sum of upto Rs. 1700 crore. As per the final valuation, the issue size is expected to be between Rs. 1500 crore- Rs. 1700 crore
Kotak Mahindra Capital, BofA Securities, Goldman Sachs, DAM Capital, SBI Capital and BoB Capital are the investment bankers
Trilegal & S&R Associates are the legal advisors.
The company filed DRHP with Sebi in April 2021.