In minutes of opening up, Tega Industries' public issue has been completely subscribed today. Likewise, companies' and investors alike will continue to capitalise on the current momentum and it shall be another busy month for the primary market.
Here are the details of the public issues or Initial public offerings lined up after Tega Industries
1. Anand Rathi Wealth:
Offer period -Dec 2-Dec 6, 2021
Issue size- Rs. 660 crore
IPO price band- Rs. 530-550
The issue is completely an offer for sale (OFS) of 1.2 crore equity shares by promoters and existing shareholders. Listing of the scrip shall be on December 14, 2021.
Company profile: The company registered as a mutual fund distributor is in the business of private wealth since 2002. The company's total AUM as on August 31, 2021 stands at Rs. 30,209 crore. The company serves its HNI and UHNIs from across 11 locations in the country.
Notably the grey market premium which has zoomed ahead of the opening of the issue signals a good interest for the IPO.
2. Rain Gain Travel Tech:
Offer period- December 7-9
Issue size: Rs. 1336 crore
Price band- Rs. 405-425
Minimum bid: 1 lot -35 equity shares entailing an investment of Rs. 14,875
The public issue comprises a fresh issuance of shares worth Rs 375 crore and an offer for sale (OFS) of up to 2,26,05,530 equity shares by promoters and an investor.
The fresh issue proceeds will be put towards repaying debts availed by subsidiary RateGain UK; payment of deferred consideration for taking over DHISCO; and strategic investments, acquisitions and inorganic growth. Addiionally the funds will be put for technology innovation, AI, other organic growth purposes, purchasing capital equipment for data centre and additional corporate purposes.
RateGain is a Software as a Service (SaaS) company in the hospitality and travel industry. The company caters to a wide array of verticals namely hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.
The issue will list on December 17, 2021.
3. CE Infosystems:
The company that operates MapmyIndia will open next week to mop up Rs. 1400 crore. The issue shall be a complete offer for sale of 7.55 million shares being offloaded by the company's promoters as well as current shareholders that includes Qualcomm Asia Pacific.
The company provides its proprietary digital maps as SaaS. As per the company's website the other offerings include geospatial software and location-based IOT technologies.
4. Adani Wilmar:
The issue as per reports is likely to open before mid-December. As part of the issue company will be issuing fresh shares worth Rs. 4500 crore. The proceeds from the issue will be put for financing capex, acquisitions, repayment of debt and other corporate purposes.
The company will be selling Rs 4,500 crore of newly-issued shares. From the proceeds, it plans to use Rs 1,900 crore for capital expenditure, Rs 500 crore for funding strategic acquisitions and the rest to repay debt and for general corporate purposes.
Adani Wilmar is among one of the few large FMCG companies offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar.
5. Go First Airlines:
Go Airlines (India) running the Go First brand will open its share sale on December 8 to aggregate Rs. 3600 crore.
Offer period -December 8- Dec 10
The issue is entirely fresh equity issuance and not an OFS. As of Fy 2020, the company had a debt of Rs. 1780 crore. The company from the proceeds will pare off its debt and also clear payments outstanding to oil companies and lessors. In the 1HFy22, period the company posted a net loss of Rs. 923 crore and is henceforth working to strengthen its cost saving measures and also planning its fleet to solely comprise A320 Neo aircraft and even considerng higher capacity Airbus A321 neo.
Experts suggested ways for successful allotment of shares in IPO
We have seen IPOs to fail in the past upon debut or even in the long term, but still in a case if you are too optimistic on an issue and surely desire it to be allotted to you in the initial share sale, you need to follow certain experts' recommended rules listed as below:
You may apply for the IPO from the demat account of all the family members probably.
Do not make more than application in a single name
You may also place bid from an HUF/minor account
To avoid rejections due to technical reasons, one may apply for IPO via net banking and avoid UPI interface. However if applying via UPI, you should make sure that you approve UPI mandate timely.
Also, PAN details should match both in the demat and bank
Selection of a cut off is a must in case of retail application.
Demat should be in active mode.