There is a complete IPO process involved and necessary approval until before which the companies' cannot float their offers. Amid strong market momentum, as start up IPOs are said to hit the street, there is an observation being obtained by some 6 companies' as per the SEBI update which came up today. Likewise, the observation in a sense is a go-ahead for companies to float their public issues for public subscription:
So, here are the 4 IPOs in the pipeline:
1. Adani Wilmar:
The parent company is Adani Enterprises and for the offer there shall exist a shareholders' quota. This company's IPO shall include fresh equity issuance. The company's IPO approval already got delayed because of scrutiny against the company's group companies'. The total IPO size shall be Rs.4500 crore.
Adani Wilmar is an equal joint venture between Adani Enterprises Ltd and Wilmar International Ltd and the owner of the Fortune brand of edible oils.
The beauty and fashion start up profitable entity led by a woman shall be another IPO that may indeed to watch out for. As per the Ipo tracking portals, the stock is already commanding a grey market premium of Rs. 650 and is likely to be priced between 1050-1150.
The brokerage Motillal Oswal sees the company to offer an unique opportunity and conducted an online survey among the target demographics and presented its findings. According to the same, the Indian Beauty and Personal Care (BPC/Fashion market is expected to reach Rs 2t/Rs 8.7t by CY25 - posting a CAGR of 12.7%/18% from CY20. The online BPC and Fashion markets are growing at an even faster pace.
Nykaa through the issue aims to raise Rs 525 crore through a fresh issue of shares and an offer for sale of up to 43.1 million shares by existing shareholders and promoters.
3. Star Health and Allied Insurance:
This is an IPO backed by ace investor Rakesh Jhunjhunwala and comprises s fresh issue of equity shares worth Rs. 2,000 crore and an offer for sale of up to 60,104,677 equity shares by promoters and existing shareholders. The promoters and promoter group that shall engage in the stake sale are Safecrop Investments India LLP, Konark Trust, MMPL Trust; and existing investors Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish and Berjis Minoo Desai.
4. Penna Cement Industries:
This is a Hyderabad based cement company looking to mop up Rs. 1550 crore from the primary market issuance. The issue shall include fresh issue of Rs. 1,300 crore and an offer for sale of up to Rs. 250 crore by its promoter PR Cement Holdings. Currently, P R Cement Holdings holds a 33.41 pc stake in the company.
Partly the proceeds shall be used in repaying existing debt and partly for meeting capital expenditure needs to the tune of Rs. 105 crore for the company's KP Line II Project.