Upcoming IPO List: Entero Healthcare Solutions, JNK India, Axicom Tele-Systems and Acme Fintrade (India) have received market regulator SEBI’s approval to raise funds through an initial public offering.
However, the Securities and Exchange Board of India has returned the IPO papers of Stallion India Fluorochemicals.
Also Read: IPO Guide for Beginners: Essential Tips Before Investing in an Initial Public Offering
An IPO is the first time a private company sells its shares to the public on a stock exchange. In India, companies officially list their shares on one of two major stock exchanges: the Bombay Stock Exchange (BSE) or the National Stock Exchange of India (NSE). This is IPO day.
upcoming ipo
As per the processing status of the draft offer documents as of January 19, the watchdog has approved the initial public offerings (IPOs) of four companies.
These four companies, which had filed their preliminary papers with the market watchdog between June and October, received observation letters on January 16-19, a Sebi update on Thursday showed.
In SEBI parlance, receiving the observation letter means giving the go-ahead to launch the IPO.
entero healthcare ipo
According to draft papers of Entero Healthcare Solutions, the IPO comprises a fresh issue of equity shares worth up to Rs 1,000 crore and an offer for sale (OFS) component of 85.57 lakh equity shares.
Those who sold shares in the OFS include promoters Prabhat Agarwal, Prem Sethi and OrbiMed Asia III Mauritius Ltd and other shareholders Chetan MP, Deepesh T Gala, Hemant Jose Barros, Hemant Jaggi, KRVS Varaprasad, KE Prakash and Lavu Sahdev.
Entero Healthcare Solutions was founded in 2018 by Prabhat Agarwal and Prem Sethi.
jnk india ipo
JNK India’s public issue comprises a fresh issue of equity shares worth up to Rs 300 crore and an OFS of up to 84.21 lakh equity shares by promoters and an existing shareholder.
Under the OFS, promoters – Gautam Rampelly, Deepak Kachharulal Bharuka, JNK Heaters Company Ltd and Mascot Capital & Marketing Pvt Ltd – and shareholder Milind Joshi will sell shares in the Mumbai-based company.
acme fintrade india limited ipo
Udaipur-based Acme Fintrade (India) Ltd’s initial share sale involves fresh issuance of 1.1 crore equity shares, excluding the offer for sale (OFS) component.
The proceeds from the issue are proposed to be used to increase the capital base of the company.
Exicom Tele-Systems Limited IPO
The IPO of Axicom Tele-Systems Ltd comprises a fresh issue of equity shares worth up to Rs 400 crore and an offer-for-sale component of 74 lakh equity shares by promoter NextWave Communications.
Currently, NextWave Communications holds 71.45 percent stake in the company.
The proceeds from the fresh issue will be used to set up production lines at the manufacturing facility in Telangana, invest in R&D and product development, and repay loans to support working capital requirements and general corporate objectives.
It is proposed to list the equity shares of these four companies on BSE and NSE.
(With PTI inputs)
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