With the beginning of the new year, IPO activity has intensified in the stock market. Capital market regulator SEBI has increased the enthusiasm among investors by simultaneously approving the IPO of eight companies. From fertility healthcare to fitness, infrastructure, food processing and passenger mobility, these companies from different sectors are now ready to enter the stock market soon.
The eight companies that have received approval from SEBI include Indira IVF, Rage of Belief, Tempens Instruments, Jerai Fitness, Chartered Speed, Glass Wall Systems (India), Shriram Food Industries and RKCPL. The regulator has issued observations on the draft documents of all these companies between December 26 and January 2. According to SEBI process, after receiving observations, companies can launch IPO within the next one year, while companies filing through the confidential route get 18 months.
Indira IVF
The most talked about is Indira IVF, in which Swedish private equity firm EQT has invested. The company can raise around Rs 3500 crore through this IPO. This IPO is likely to be a complete offer-for-sale (OFS), that is, there will be no fresh issue. Earlier, the company had filed draft papers in February, which were withdrawn in March.
rage of belief
Whereas Moms Belief’s parent company Rage of Belief had filed a confidential DRHP in August. This company works in the segment related to child development and therapy and is planning its expansion through IPO. Tempens Instruments will raise Rs 118 crore from the fresh issue, while 1.79 crore shares will be sold through OFS. The funds raised will be used for capex, debt repayment and general corporate needs. The IPO of Jerai Fitness will be completely OFS, in which 43.92 lakh shares will be sold.
Chartered Speed is looking to raise Rs 855 crore, which will include both fresh issue and OFS. The company will use this amount to focus on increasing its fleet and reducing debt. Apart from this, Glass Wall Systems, Shriram Food Industry and RKCPL are also going to enter the market with the aim of expansion in their respective sectors and providing exit to investors.
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