IPO frenzy in the market continues, while for some of the IPOs investors are waiting to get shares issued as in the case of Tega Industries', there is also a case where they fear being issued the shares as for Star Health IPO.
Now there are 3 IPOs to hit next week:
Shriram Properties IPO:
IPO offer period- December 8-December 10
Issue details- Fresh equity issuance worth up to Rs. 250 crore, while it shall be an OFS of Rs. 350 crore.
Bid lot- 125 shares and in multiple thereof
Price band-Rs. 113-Rs. 118
Employee discount and reservation: For equity shares aggregating in value up to Rs. 3 crore
Employee discount: Rs. 11 per share
Book running lead manager: Axis Securities, ICICI Capital, Nomura
Issue objective: From the proceeds, the company shall pay-off the debt and for general corporate purposes.
Part of the Shriram Group of companies, the company ranks 5th in the whole of South India in terms of units launched between 2012-Q3CY21.
Offer period: December 9, 2021- December 13.
Lot size shall be released next week
Price is expected to be Rs. 1033 per share.
The issue is completely an offer for sale of 1,00,63,945 equity shares by shareholders including investor Qualcomm Asia Pacific Pte Ltd.
The company shall not receive any proceeds as the mopped up funds will go to the selling shareholders.
CE Info Systems or MapmyIndia is a data and technology products and platforms company that offers proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). The company is the top entity offering advanced digital maps, geospatial software and location-based IoT technologies.
Metro Brands IPO:
IPO Date : 10 to 14 Dec, 2021
Fresh equity issuance : ₹ 295 Crore
OFS : 21,450,100 Shares
Retail Quota : 35%
The proceeds from the issue worth ₹225.37 crore will be used for opening new stores of the company.
The firm is among the leading Indian footwear specialty retailers. As of the quarter ended September 2021, the company runs 598 outlets across 30 states in around 136 cities.
The firm retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, together with third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop that complements its in-house brands.
Axis Capital, Ambit Pvt Ltd, DAM Capital Advisors, Equirus Capital, ICICI Securities and Motilal Oswal Investment Advisors are the book lead managers to the issue.
For the September quarter, the firm's net profit came in at Rs.43.09 crore versus a loss of Rs. 41.43 crore last year in the same quarter.
4. RateGain Travel Technologies IPO
Offer period- December 7 till December 9.
Price band- Rs. 405-425/ share
Issue details: fresh issuance of Rs. 375 crore and an OFS of up to Rs. 2,26,05,530 equity shares by promoters and an investor.
Reservation for employees-Shares worth up to Rs. 5 crore who can avail shares at a discount of Rs. 40/ share to the final issue price.
The public issue will fetch the company Rs 1,335.73 crore at the upper price band.
The fresh issue proceeds will be put towards repaying debts availed by subsidiary RateGain UK; payment of deferred consideration for acquisition of DHISCO; and strategic investments, acquisitions and inorganic growth. Other than this the proceeds will also be put to investment in technology innovation, artificial intelligence and other organic growth initiatives; purchase of certain capital equipment for data center; and general corporate purposes.
Bid lot size: Minimum 35 shares and in multiples of thereafter.
RateGain is the country's leading SaaS provider catering to the travel and hospitality solutions across verticals including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.
Here are collated all the important details on the public issue that shall open up next week between December 6-December 11. Investors need to do their own analysis and research before making any such investment bet.