IPO mart abuzz: Watch out for 6 upcoming issues
Six IPOs will be hitting the capital market in the coming months. Here is all you need to know about them if you plan on investing:
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IPO details: The maker of Yellow Diamond chips is likely to hit the capital market by December, this year with the total IPO size between 400-500 crore.
It has already received SEBI's approval for the IPO in April and plans to raise Rs 250 crore through a fresh issue of shares.
Lead Managers are Edelweiss, JM Financial and Spark Capital.
About the company: The Indore-based company will use the proceeds from the IPO for funding capital expenditure requirements, repayment of borrowings and building activities among other things.
It has already received SEBI's approval for the IPO in April and plans to raise Rs 250 crore through a fresh issue of shares.
Lead Managers are Edelweiss, JM Financial and Spark Capital.
About the company: The Indore-based company will use the proceeds from the IPO for funding capital expenditure requirements, repayment of borrowings and building activities among other things.
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IPO details: NIC is all set to launch its initial public offering by the end of the current financial year.
The company will increase the number of agents from 45,000 to 50,000.
About the company: The company's net worth rose 9 per cent to Rs 9,544 crore from Rs 8,764 crore a year ago. Combined ratio stood at 133.7 per cent and the underwriting loss remained flat at Rs 3,680 crore against Rs 3,633 crore a year ago.
The company will increase the number of agents from 45,000 to 50,000.
About the company: The company's net worth rose 9 per cent to Rs 9,544 crore from Rs 8,764 crore a year ago. Combined ratio stood at 133.7 per cent and the underwriting loss remained flat at Rs 3,680 crore against Rs 3,633 crore a year ago.
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IPO details: The company is planning to launch its IPO by March 2018 and is likely to submit their Draft Red Herring Prospectus (DRHP) in the next three months.
UTI MF will be the first domestic MF company to come up with an IPO.
About the company: SBI, PNB, LIC each hold 18.3 per cent stakes in UTI MF and in this IPO, SBI, PNB and Bank of Baroda are likely to opt for a full exit.
UTI MF has 1.5 lakh crore worth of assests under management.
UTI MF will be the first domestic MF company to come up with an IPO.
About the company: SBI, PNB, LIC each hold 18.3 per cent stakes in UTI MF and in this IPO, SBI, PNB and Bank of Baroda are likely to opt for a full exit.
UTI MF has 1.5 lakh crore worth of assests under management.
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IPO details: The bank has said that it would offer 80 million shares to the public in its proposed initial public offering.
The insurance regulator has approved SBI Life's IPO application, seeking to raise Rs 7,000 crore, the largest share sale by a life insurer in India.
Lead Managers are BNP Paribas, Citi, Kotak Investment Bank and Axis Capital.
About the company: The company's embedded value stands at around Rs 15,200 crore, up 17 per cent from Rs 12,999 at the end of March 2016.
For FY17 net profit grew 10.9 per cent to Rs 954.65 crore as compared to Rs 861.03 crore in the previous year.
The insurance regulator has approved SBI Life's IPO application, seeking to raise Rs 7,000 crore, the largest share sale by a life insurer in India.
Lead Managers are BNP Paribas, Citi, Kotak Investment Bank and Axis Capital.
About the company: The company's embedded value stands at around Rs 15,200 crore, up 17 per cent from Rs 12,999 at the end of March 2016.
For FY17 net profit grew 10.9 per cent to Rs 954.65 crore as compared to Rs 861.03 crore in the previous year.
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IPO details: The company on June 8, 2017 announced that it has received approval of the board of directors for an initial public offering of AMC in FY18.
The AMC plans to dilute 10 per cent and would sell more shares over the next four years, adding up to a 25 per cent stake till 2021.
About the company: Reliance Nippon Life Asset Management's AUM is around Rs 3,58,059 crore, giving it a valuation of Rs 18,000 crore at 5 per cent of AUM.
As on March 31, 2017, Reliance Nippon Life Asset Management managed assets of Rs 3.58,059 crore of which MF AUM stood at Rs 2,10,891 crore.
The AMC plans to dilute 10 per cent and would sell more shares over the next four years, adding up to a 25 per cent stake till 2021.
About the company: Reliance Nippon Life Asset Management's AUM is around Rs 3,58,059 crore, giving it a valuation of Rs 18,000 crore at 5 per cent of AUM.
As on March 31, 2017, Reliance Nippon Life Asset Management managed assets of Rs 3.58,059 crore of which MF AUM stood at Rs 2,10,891 crore.
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IPO details: The online eyewear firm is planning to come up with its IPO in the next 3 years.
About the company: Lenskart expects to register 100% revenue growth at around Rs 600 crore by the end of 2017-18.
It has raised around Rs 700 crore from various sources with TPG Global being one of the lead investors.
Source: SMC Global Securities
About the company: Lenskart expects to register 100% revenue growth at around Rs 600 crore by the end of 2017-18.
It has raised around Rs 700 crore from various sources with TPG Global being one of the lead investors.
Source: SMC Global Securities
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