List of Upcoming IPOs in December this week
The week starting 06-December is expected to be a busy week for the IPO markets. There are a total of 4 IPOs that will open this week and all of them are likely to be small to mid-sized issues.
A quick update on the 4 IPOs hitting the market in this week.
Rategain Travel Technologies IPO
The Rategain Travel Technologies IPO will open on 07-December and close on 09-December. The book built IPO will look to raise Rs. 375 crore via fresh issue of shares and Rs.960.74 crore via an offer for sale (OFS). This takes the total size of the issue to Rs.1,335.74 crore. The price band for the IPO is fixed at Rs.405 to Rs.425.
Rategain is a SAAS-based provider of travel and leisure solutions to B2B clients and it has over 1,434 clients in the B2B space. The fresh issue portion will be used to repay debt of its UK subsidiary as well as to bankroll its inorganic growth plans. IPO will list on 17-December.
Shriram Properties IPO
The Shriram Properties Ltd IPO will open on 08-December and close on 10-December. The book built IPO will look to raise Rs. 250 crore via fresh issue of shares and Rs.350 crore via an offer for sale (OFS). This takes the total size of the issue to Rs.600 crore. The price band for the IPO is fixed at Rs.113 to Rs.118. The IPO lists on NSE and BSE on 20-December.
Shriram Properties is a leading real estate developer in South India with over 29 projects delivered in the mid and affordable housing space. A total of 24 out of the 29 projects are in Bengaluru and Chennai. Currently, Shriram has 35 ongoing projects with saleable area of 46.72 million SFT. Fresh funds will be used for debt reduction of its subsidiaries.
C.E. Info Systems (MapmyIndia) IPO
The C.E. Info Systems Ltd IPO will open on 09-December and close on 13-December. The book built IPO will entirely be an offer for sale (OFS) of Rs.1,039.61 crore. That will also be the total size of the issue, with no fresh funds raised. The price band for the IPO is fixed at Rs.1,000 to Rs.1,033. The IPO will list on NSE and BSE on 21-December.
C.E. Info Systems (MapmyIndia) is a leading provider of digital maps, geospatial software and location based IOT (internet of things) technologies in India. Its premium client list includes ISRO, Niti Aayog, National e-Governance Division, Phone Pe, Flipkart, HDFC Bank etc. It covers 98.5% of India’s arterial road network and gets 90% revenues from subscription and royalty fees.
Metro Brands Ltd
The Metro Brands Ltd IPO will open on 10-December and close on 14-December. The book built IPO will comprise of a fresh issue of Rs.295 crore and an OFS of 2,14,50,100 shares on offer by the promoters. The price band for the IPO is yet to be fixed. Metro Brands has the backing of Rakesh Jhunjhunwala. The IPO will list on NSE and BSE on 22-December.
Metro Brands is one of the leading footwear brands in India with a legacy of over 65 years. Some of its marquee brands include Metro, Mochi, Walkway, Da Vinchi, J Fontini etc. Its products are sold either through exclusive brand outlets (EBO) or through multi-brand outlets (MBO). Metro has 598 stores across 136 cities in India.
More news on the IPO front
Among other news on the IPO front, the IPO of Anand Rathi Wealth will close for subscription on Monday, 06-December. As of the close of the second day of subscription, the IPO was already subscribed 3.02 times.
In an important news event, the IPO of Star Health & Allied Insurance will list on 10-December.
It may be recollected that the IPO was subscribed only to the tune of 79% and the company had to reduce the IPO size by Rs.839 crore to see it though. That is going to be an important listing.
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