New Delhi This week Dalal Street will witness table of four different companies as they’re set to launch their original public immolations (IPOs).
The forthcoming public table include companies like Rakesh Jhunjhunwala- backed footwear company Metro Brands, distribution technology company RateGain, real estate establishment Shriram Properties, and digital chart maker MapmyIndia. These four enterprises plan to raise further than Rs crore through IPO. There will be spoilt for choice for investors as these companies may gain enough traction during table, according to request judges RateGain Travel, one of the largest software services companies in the hospitality and trip assiduity in India, will open subscription for its shares on Tuesday (December 7), South India- grounded real estate inventor Shriram Group’s Shriram Parcels will roll out IPO on December 8. A day after, CE Info Systems, popularly known for its brand MapmyIndia, will launch its IPO on December 9, and is yet to expose its price band and lot size.
Rakesh Jhunjhunwala- backed footwear specialty retailer Metro Brands will open for subscription on December 10 just a week after another Jhunjhunwala- promoted establishment hit the primary request. Star Health and Allied Insurance, still, didn’t admit starry response from investors, and was subscribed only 79 per cent.
RateGain Travel Technologies
RateGain’s IPO will open on Tuesday (December 7) and close on December 9. The size of the IPO is Rs crore. RateGain has fixed the price band at Rs 405-425 per share. The lot size has been kept at 35 shares. That is, according to the upper price band, investors will have to invest at least Rs. Under this IPO, new shares worth Rs 375 crore will be issued. Whereas under the Offer for Trade (OFS), about2.26 crore equity shares will be vended. 75 per cent of the issue is reserved for Good Institutional Investors (QIBs), 15 per cent forNon-Institutional Investors (NIIs) and 10 per cent for retail investors. The proceeds of the IPO will be used by the company for debt prepayment, inorganic growth and general commercial purposes.
Shriram Properties
IPO of South India’s real estate establishment Shriram Properties is opening on Wednesday (8 December). It’ll be open for investment till December 10. The size of the issue is Rs 600 crore and the price band has been fixed at Rs 113-118 per share. The lot size for the issue is 125 shares. According to the upper price of the price band, investors will have to invest at least Rs. The issue will open for anchor investors on Tuesday. In FY21, the company clocked a loss of Rs68.17 crore against a loss of Rs86.39 crore a time ago. During the same period, its profit from operations went down to Rs431.5 crore from Rs571.96 crore.
Metro Brands
IPO of Metro Brands, the footwear retail establishment, will be open from December 10 to December 14. Rakesh Jhunjhunwala, who has a stake in this establishment, plans to raise Rs crore through this issue. New equity shares worth Rs 295 crore will be issued while the being promoters and other shareholders of the company will vend2.14 crore equity shares under the offer for trade (OFS). After this trade of shares, the promoters’ stake in the company will come down by about 10 per cent to 75 per cent. Metro Brands sells footwear products for all occasions, including casual and formal events.
MapmyIndia
IPO of digital chart maker MapmyIndia will open on 9 December and close on December 13. The company plans to raise up to Rs crore through table. MapmyIndia has fixed a price band of Rs- a share. MapmyIndia IPO will be purely Offer for Trade (OFS) and the lot size has been kept at 14 shares. Investors will have to invest at least Rs and the maximum quantum that can be invested is Rs.
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