The IPO frenzy of 2021 continues to take the stock market by storm. Keeping the buzz alive, recently, more than 8 companies have filed their DRHP with the market regulator, SEBI.
To elaborate, CMS Info Systems, Latent View Analytics, Ixigo, Go Colors, Tracxn Technologies Ltd, Paradeep Phosphates, and Prudent Corporate Advisory Services have filed their DRHP.
Inspira Enterprise India Ltd. and VLCC Health Care Ltd. are among the latest additions to the IPO clan.
All these upcoming IPOs are going to be distinctive in terms of their issue size and components. Let us take a quick look at the same below!
CMS Info Systems IPO – In a Nutshell
This cash management company intends to fundraise Rs. 2,000 crores through its initial public offering. Per the DRHP, CMS Info IPO will be a pure OFS by its promoter Sion Investment Holdings Pte Limited.
The said company had acquired CMS Info Systems in 2015 and currently holds 100% of its stake. CMS Info has appointed entities such as JM Financial, DAM Capital Advisors, Axis Capital, and Jefferies India as its book running lead managers. As per the document, the company shares will be listed on both BSE and NSE.
Did you know this would be the company’s second attempt at launching its IPO?
In 2017, it had filed its DRHP with the market regulator. Though it managed to receive SEBI’s clearance, it did not go forward with the launch.
Latent View Analytics IPO – In Brief
This company is among the leading Data analytics services provider in the country. Recently, it had filed its preliminary papers to raise Rs. 600 crores through its IPO. According to its DRHP, this upcoming IPO will comprise a new issue worth Rs. 474 crores, and an OFS of Rs. 126 crores.
As per reports, the OFS will be by company promoter Adugudi Viswanathan Venkatraman, who is expected to offload equity shares of nearly Rs. 60.14 crores. Additionally, company stakeholders Ramesh Hariharan and Gopinath Koteeswaran will sell equity shares worth Rs. 35 crores and Rs. 23.52 crores respectively.
Latent View plans to use its IPO proceeds to fund inorganic growth and working capital requirements of its subsidiaries. Also, it will use the funds to augment future growth and meet general corporate purposes.
As per the DRHP, Latent View Analytics has appointed entities such as Haitong Securities India, Axis Capital, and ICICI Securities as its merchant bankers.
Ixigo IPO – A Quick Look at the Available Details
Ixigo’s operator, Le Travenues Technology Ltd., filed its DRHP last Friday. Per the draft, this company intends to raise Rs. 1600 crores through its initial public offer. The public issue will comprise new issue shares worth Rs. 750 crores and an offer for sale by its stakeholders and promoters worth Rs. 850 crores.
As per the DRHP filed, Ixigo will use the proceeds from its public issue to fund both organic and inorganic growth initiatives. For example, the company will funds areas concerning sales, distribution and marketing and will invest more towards the development of technology infrastructure, among others. Similarly, to boost inorganic growth, the company will use the funds to bolster lucrative investment opportunities proactively.
Big names such as Axis Capital, Kotak Mahindra Capital, ICICI Securities, and Nomura Financial Advisory and Securities will lead this upcoming IPO.
Go Colors IPO – A Quick Look at this Upcoming Public Issue
The company, owned by Go Fashion India Ltd., filed for a DRHP to fundraise through its IPO. This public offer will comprise a fresh issue of shares and offer for sale by its promoters and stakeholders.
Go Colors’ initial public issue will be worth Rs. 125 crores and an offer for sale of 12.88 million shares. The OFS will include 0.746 million shares each by the VKS Family and PKS Family Trust, Sequoia Capital India Investment’s 7.5 million shares and nearly 3.31 million shares of India Advantage Fund S4 I. It will also include around 0.577 million shares by the Dynamic India Fund S4 US.
Reports suggest that the company plans to use Rs. 33.73 crores from the IPO to fund the launch of 120 new exclusive brand outlets by the end of 2023. It will also use Rs. 61.40 crores to meet working capital requirements. JM Financial, ICICI Securities, and DAM Capital Advisors are appointed as the lead managers for this IPO.
Tracxn Tech IPO – In Brief
This analytics firm based in Bengaluru has filed its preliminary papers to raise funds via share sales. The said IPO would be a pure offer for sale of a maximum of 38.67 million shares by its stakeholders and promoters.
As per the DRHP, the offer for sale will include 7.66 million equity shares each by Abhishek Goyal and Neha Singh. It will also include 1.26 million equity shares by Sachin Bansal and Binny Bansal and another 10.98 million equity shares by Elevation Capital. In addition, around 2.18 million shares will be from SCI Investments V and an expected 4.02 million equity shares by the Accel India IV Mauritius.
Notably, IIFL Securities will serve as the sole merchant banker for this upcoming IPO.
Paradeep Phosphates IPO – A Quick Look of this Public Issue
As a means to raise funds via IPO, this company, which is in a joint venture with OCP Group SA and Zuari Agro Chemicals, has filed for a DRHP.
The said public issue will comprise a new share issue amounting to Rs. 1,255 crores and an OFS of a maximum of 120.04 million shares by its promoters and stakeholders.
Paradeep Phosphates intends to use Rs. 642 crores from the IPO to partially fund its Zuari Agro Chemicals facility based in Goa. It will use around Rs. 300 crores from the proceeds to repay a part of its current debt.
As per the filing, entities such as SBI Capital Markets, ICICI Securities, Axis Capital, and JM Financial are this public issue’s lead manager.
Prudent Corporate Advisory Services IPO – Basics
This company is touted to be among the largest mutual fund distributors in the country in terms of the commission received via AUM. Recently, Prudent Corporate filed DRHP with the market regulator to launch its initial public offering. It is assumed that this company plans to go public to enjoy the benefits of getting listed.
That said, this upcoming IPO will comprise 8,549,340 shares with a face value of Rs. 5 each. In addition, it will include an OFS of 8,281,340 shares by Wagner Ltd and another 2,68,000 shares by Shirish Patel. According to this company’s DRHP, it has also reserved IPO shares for its employees.
The shares will likely be listed on NSE and BSE. Also, Prudent Corporate has appointed Equirus Capital Pvt. Ltd., ICICI Securities Ltd, and Axis Capital Ltd as its merchant bankers.
VLCC Health Care Ltd IPO – A Sneak Peek at the Development
Like most of the companies in this list, VLCC has also filed a DRHP with SEBI to raise funds via IPO. This public issue will comprise a new issue worth Rs. 300 crores and an OFS of a maximum of 8.92 million equity shares by company stakeholders and promoters.
The proceeds from this upcoming initial public offer will be used to set up new and refurbish existing wellness clinics across India and in the Gulf Cooperation Council region. VLCC will use Rs. 66 crores from the proceeds to repay its existing debt. It will also use Rs. 30.80 crores to develop its brand and another Rs. 40 crores to upgrade its digital and IT infrastructure.
Big names such as DAM Capital Advisors, ICICI Securities, and IIFL Securities will act as VLCC IPO’s lead managers.
Inspira Enterprise India Ltd IPO – An Overview
Inspira Enterprise India is among the leading companies in India that specialise in cybersecurity, integrated enterprise, and digital solutions. To raise funds, it has filed DRHP with the market regulator to launch IPO. The said public issue will comprise new issues worth Rs. 300 crores and an offer for sale amounting to Rs. 500 crores by its stakeholders and promoters.
Inspira intends to use Rs. 115.37 crores from its IPO proceeds to repay its existing debt. It will also use Rs. 109.62 crores from the proceeds to meet working capital requirements.
The lead managers of this upcoming public issue will be SBI Capital Markets, Axis Capital, Yes Securities India, Nomura Financial Advisory and Securities India, and JM Financial.
All of these companies are yet to disclose IPO details and the tentative timeline of the public issue. Stag investors interested in any of these companies and planning to subscribe to their public offer must develop the necessary strategies.
To begin with, they should analyse the strengths, weaknesses and prospects of these companies. They should also keep a close tab on the market sentiments and latest developments concerning these company IPOs to make an informed decision.
For more on upcoming IPOs and related information, keep an eye on Angel One blogs!
Frequently Asked Questions
- When will VLCC IPO shares be credited to my account?
After share allotment, the VLCC IPO shares will be credited to your DEMAT account.
- Who is the registrar of Inspira Enterprise India Ltd?
The company is yet to announce this detail.
- Who are the market peers of Ixigo?
In the domestic markets, MakeMyTrip, Easy Trip Planners, Yatra and Cleartrip are the leading market peers of Ixigo.
- Who are the market peers of VLCC Healthcare?
Popular brands such as Advanced Hair Studio, Anjali Mukerjee Health, Kosmoderma, RichFeel, Foodinplate, and Sakhiya Skin Clinic are among the top market peers of VLCC Healthcare.