It is IPO season once more. After again to again public situation provides this week from Soma Comstar, Shyam Metalics to Dodla Dairy and KIMS Hospitals which ended for subscription at present, 2 IPOs are within the pipeline, with one hitting in June itself.
1. India Pesticides:
The agrochemical chemical firm will provide you with a Rs. 800 crore IPO. The difficulty features a contemporary issuance of shares of Rs. 100 crore and an OFS of Rs. 700 crore by the corporate’s shareholders. The proceeds from the problem might be put for assembly the corporate’s working capital necessities and for normal company functions.
As per the DRHP, the corporate might even go for a pre-IPO placement of Rs. 75 crore and on this case the contemporary issuance dimension might be lessened accordingly.
IPO supply date: June 23, 2021- June 25, 2021
Value band: Rs. 290-Rs. 296 per share
Retail quota: 35%
BRLD: Axis Capital and JM Monetary
As per the ET report., the corporate is the one producer of 5 agrochemical technicals. Additionally, the corporate is the main producer of Captan, Folpet and Thiocarbamate Herbicide with respect to manufacturing capability globally.
2. Glenmark Life Sciences:
Glenmark Life Sciences, a fully-owned subsidiary agency of Glenmark Prescription drugs is anticipated to provide you with its public situation in July to lift a sum of upto Rs. 1700 crore. As per the ultimate valuation, the problem dimension is anticipated 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 funding bankers
Trilegal & S&R Associates are the authorized advisors.
The corporate filed DRHP with Sebi in April 2021.
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Story first revealed: Friday, June 18, 2021, 22:40 [IST]