Next week, D-Street is preparing for three public offerings totaling more than Rs 1,800 crore.
The main market is expected to heat up the next week because the three public offerings totaling much more than Rs 1,800 crores are prepared to launch, kicking off the beginning of IPOs for December following ten floats in November.
On December 12, Sula Vineyards, the largest wine producer and retailer in India, will begin its first public providing with a price range of Rs 340-357 per unit. By selling over 2.69 crore units through the offering, the business expects to raise more than Rs 960 crore. Promoter Rajeev Samant, investors Cofintra SA, Verlinvest SA, Verlinvest France SA, Saama Capital III Ltd, SWIP Holdings, & Haystack Investments have made the entire thing an offer for sale. Cofintra SA, Verlinvest SA, & Verlinvest France SA, the company’s investors, will sell their remaining shares. The deal expires on December 14.
Abans Holdings, a division of the Abans Group, will introduce its initial public offering (IPO) on Dalal Street on December 12 and finish on December 15. The 2009-founded financial services firm expects to raise Rs 345.60 crores by issuing 1.28 crore shares. The initial public offering (IPO) comprises a fresh issuance of Rs 102.6 crore and a promoter Abhishek Bansal offer-for-sale of Rs 243 crore.
The offer’s price range is Rs. 256–270 per share. The proceeds from the new issuance will primarily be used to increase the capital base of its NBFC subsidiary, Abans Finance, in order to meet future financing needs. On December 9, the Sula Vineyards & Abans Holdings offerings’ anchor books will be open for a day.
On December 13, Landmark Cars, an upscale vehicle retailer with 112 locations across eight states, will launch its first public offering. The closing date is December 15. On December 12, its linchpin book will be temporarily released.
The company, which operates Ashok Leyland, Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault dealerships across India, intends to raise Rs 552 crore through the public offering of 1.09 crore shares.
The deal comprises a new share issuance for Rs 150 crore and a Rs 402 crore offer for sale by the promoter and investors. The selling shareholders in OFS are the company’s promoter Sanjay Karsandas Thakker with investors TPG Growth II SF, Aastha, and Garima Misra.
The corporation will use the issued revenues for general corporate operations, including the repayment of obligations. The offer’s price range has been set at Rs. 481 to $56 per share. Uniparts India, a manufacturer of engineered systems, will make its official market debut on December 12. The business raised more than Rs 835 crore in their solely provide-for-sale public offering.
Analysts reported that its shares were traded in the grey market for a markup of more than 10%. Droneacharya Aerial Innovations, a provider of drone solutions for SMEs, will launch its first public offering on December 13 and shut it on December 15. The offer’s price range is Rs. 52–54 per share. The company will generate close to Rs 34 crore through the IPO by providing 62.9 lakh shares.
With 33 companies having already collected more often than Rs 60,000 crore as 2022 draws close, the Indian main market appears to be more promising. According to experts, public issues will be used to raise funds more actively in the coming year.
The number of initial public offerings (IPOs) is expected to increase in 2023, according to Vikas Gupta, CEO & Chief Investment Analyst at Omniscience Capital. He believes that retail investors will only be attracted to fundamentally very strong companies rather than every company because it was in the past because investors, specifically retail investors, are now more aware of new-age companies with poor business models and profitability.
edited and proofread by nikita sharma