Four IPOs to open this week to raise Rs4,700 crore
It looks like happy days are back again for the IPO markets after a brief lull. People appear to have forgotten about the post listing performance of LIC and the subsequent disappointment of Delhivery, two of the largest issues this year. This week will see 4 IPOs opening for subscription, viz. DCX Systems, Fusion Microfinance, Bikaji Foods International and Global Health (Medanta Hospitals). Here is a quick brief on the 4 IPOs with relevant details about the same.
1. DCX Systems Ltd
DCX Systems Ltd is one of the leading players in India in the manufacture of electronic sub-systems and cable harnesses. Its products are largely used by OEMs in defence and the aerospace industry. The Rs500 crore issue will comprise of a fresh issue of Rs400 crore and an offer for sale of Rs100 crore. Here are some basic details of the issue.
|
IPO Open Date |
31st October 2022 |
Issue Size |
Rs500 crore |
|
IPO Close Date |
02nd November 2022 |
Price Band |
Rs197 to Rs207 |
|
Allotment Date |
07th November 2022 |
Lot Size |
72 shares per lot |
|
Refund Date |
09th November 2022 |
QIB allocation |
75% |
|
Demat Credit Date |
10th November 2022 |
Retail Allocation |
10% |
|
Listing date |
11th November 2022 |
Listing on |
BSE and NSE |
The issue will be lead managed by Edelweiss Financial Services, Axis Capital and Saffron Capital Advisors. Link Intime India Private Limited will be the registrars to the issue.
2. Fusion Micro Finance Ltd
Fusion Micro Finance Ltd is 28 year old microfinance institution catering to the socially underprivileged and unbanked population of India. It has over 29 lakh active borrowers and a network of 966 branches and over 9,200 workers. Its microfinance lending operates on the mutual guarantee model. The Rs1,104 crore IPO will have a Rs600 crore fresh issue component for augmenting capital base. Here are some basic details of the issue.
|
IPO Open Date |
02nd November 2022 |
Issue Size |
Rs1,104 crore |
|
IPO Close Date |
04th November 2022 |
Price Band |
Rs350 to Rs368 |
|
Allotment Date |
10th November 2022 |
Lot Size |
520 shares per lot |
|
Refund Date |
11th November 2022 |
QIB allocation |
50% |
|
Demat Credit Date |
14th November 2022 |
Retail Allocation |
35% |
|
Listing date |
15th November 2022 |
Listing on |
BSE and NSE |
The issue will be lead managed by ICICI Securities, CLSA India Private Limited, IIFL Securities and JM Financial. The registrar to the issue will be Link Intime Private Limited.
3. Bikaji Foods International Ltd
Bikaji Foods International Ltd is one of the most popular FMCG brands in India in terms of ready to eat foods and snacks. It sells more than 300 products under the Bikaji brand. It has a footprint across 23 Indian states. The Rs881.22 crore issue will comprise entirely of an offer for sale with no fresh issue component. Here are some basic details of the issue.
The issue will be lead managed by ICICI Securities, CLSA India Private Limited, IIFL Securities and JM Financial. The registrar to the issue will be Link Intime Private Limited.
3. Bikaji Foods International Ltd
Bikaji Foods International Ltd is one of the most popular FMCG brands in India in terms of ready to eat foods and snacks. It sells more than 300 products under the Bikaji brand. It has a footprint across 23 Indian states. The Rs881.22 crore issue will comprise entirely of an offer for sale with no fresh issue component. Here are some basic details of the issue.
|
IPO Open Date |
03rd November 2022 |
Issue Size |
Rs881.22 crore |
|
IPO Close Date |
07th November 2022 |
Price Band |
Rs285 to Rs300 |
|
Allotment Date |
11th November 2022 |
Lot Size |
50 shares per lot |
|
Refund Date |
14th November 2022 |
QIB allocation |
50% |
|
Demat Credit Date |
15th November 2022 |
Retail Allocation |
35% |
|
Listing date |
16th November 2022 |
Listing on |
BSE and NSE |
The issue will be lead managed by JM Financial, Axis Capital, IIFL Securities, Intensive Fiscal Services Private Limited and Kotak Mahindra Capital. Link Intime India Private Limited will be the registrars to the issue
4. Global Health Ltd (Medanta)
Global Health Ltd is one of the leading multi-specialty tertiary care providers in North and Eastern parts of India. It operates the Medanta Hospitals, which was founded by one of India’s foremost heart surgeons, Dr. Naresh Trehan. The Rs2,205.57 crore issue will comprise of a fresh issue of Rs500 crore and an offer for sale of Rs1,705.57 crore. Here are some basic details of the issue.
|
IPO Open Date |
03rd November 2022 |
Issue Size |
Rs2,205.57 crore |
|
IPO Close Date |
07th November 2022 |
Price Band |
Rs319 to Rs336 |
|
Allotment Date |
11th November 2022 |
Lot Size |
44 shares per lot |
|
Refund Date |
14th November 2022 |
QIB allocation |
50% |
|
Demat Credit Date |
15th November 2022 |
Retail Allocation |
35% |
|
Listing date |
16th November 2022 |
Listing on |
BSE and NSE |
The issue will be lead managed by Kotak Mahindra Capital, Credit Suisse Securities, Jefferies India and JM Financial. KFIN Technologies Limited will be the registrars to the issue.
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