The IPO of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders
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As many as six companies, including Nykaa, Adani Wilmar and Star Health & Allied Insurance, have received capital markets regulator Sebi's go-ahead to launch initial share-sales. Apart from these, Penna Cement Industries, Latent View Analytics and Sigachi Industries too received Sebi's clearance to raise funds through the initial public offerings. These six companies, which filed their preliminary IPO papers with Sebi between May and August, obtained its "observations" during October 11-14, an update with Sebi showed on Monday. In Sebi parlance, issuance of observations implies its go-ahead to float the initial public offering (IPO). Going by the draft papers, the IPO of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, comprises fresh issue of equity shares worth Rs 525 crore and an offer for sale (OFS) of 43,111,670 equity shares by promoter and existing shareholders. Those selling shares in the OFS are -- promoter Sanjay Nayar ..
Rs 1,500 crore will be mopped up through fresh issue of shares
The company, which has about 6,000 employees in India
As the BSE Sensex has recently scaled the 60,000 mark, there is a beeline of companies across the country to tap the primary market
Anant Investments, an affiliate of private equity major Carlyle Group, expects to offload around 4.33 crore equity shares in the offer for sale
Proceeds from the fresh issue will be used to pay debt and general corporate purposes.
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Cardiac stent maker Sahajanand Medical Technologies has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial share sale.
Metal recycling company CMR Green Technologies has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.
The firm is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as di-ammonium phosphate (DAP) and NPK fertilizers
The IPO comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale (OFS) of Rs 2,267.50 crore by existing shareholders
The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer of sale (OFS) of 65,58,278 equity shares by promoters and investors, the draft red herring prospectus (DRHP) showed.
Net proceeds from the initial share sale will be used to fund its capital expenditure, working capital requirements and towards expenses for general corporate purposes.
The firm supplies electronic systems to defence and aerospace sector
Freshworks will list its stock on the Nasdaq under the symbol "FRSH"
The proposed listing comes as Abu Dhabi tries to revive IPOs on its bourse