JSW Debuts IPO; Five Other India Inc IPOs Expected in 2023
India’s prominent maritime related services provider of JSW group, JSW Infrastructure Limited debuted IPO at Rs 143 per share which is impressive on the Indian Stock Market as its 20 percent higher than the issue price on the Bombay Stock Exchange (BSE) and landed an initial public offering price at Rs.119 on the NSE.
Three Ways of Utilizing the Funds
First, they plan to invest in its fully owned subsidiaries, JSW Dharamtar Port Private Limited and JSW Jaigarh Port Limited, to prepay or partially repay their outstanding borrowings. Second, the funds will also be used to finance the capital expenditures needed for the proposed Jaigarh Port expansion and upgrade projects. Lastly, the company will use the money for basic business needs.
The IPO market is particularly a bit busier in 2023 than it was in 2022. If you are looking for a list of upcoming initial public offerings (IPOs) in India for 2023, check out the list of recent offerings below. The companies that have filed DRHP and RHP, which are anticipated to enter the primary market in the ensuing months of 2023, are included in the list of upcoming IPOs.
By the evening of October 3, the final day of bidding, the Valiant Laboratories initial public offering (IPO), which had an offer size of 76.23 lakh shares, had been subscribed 29.1 times. Investors had purchased 22.18 crore of the shares. According to data accessible with exchanges, high net worth people purchased 73.32 times their allowed number of shares, while regular investors purchased 14.88 times their share allocation. Up till September 29, the third day of bidding, 2.18 times had been subscribed to the Rs 152 crore offer, which went live on September 27.
The IPO is a solely new issue with a price range of Rs. 133-140 per share. Anchor investors such as Leading Light Fund VCC - The Triumph Fund, Saint Capital Fund, Astorne Capital VCC - Arven, and Negen Undiscovered Value Fund have already contributed a total of Rs 45.74 crore.
To Set Up Speciality Chemicals Manufacturing at Gujarat
The pharmaceutical ingredient manufacturer will utilize the money to build a plant in Gujarat for the production of specialty chemicals that will be held by its subsidiary Valiant Advanced Sciences (VASPL). The proceeds from the IPO will also be used to meet the subsidiary's working capital needs.
One of the most widely used analgesics in the world, paracetamol, is produced by Valiant Laboratories, a company that also manufactures bulk pharmaceuticals and active pharmaceutical ingredients.
By the end of October 5th, the company will complete the basis of allocation, and by October 6th, the shares will be credited to the demat accounts of qualified investors. In accordance with the IPO schedule, the stock will list on October 9th.
GoAir - DRHP Already Submitted to SEBI
Go First, also known as GoAir, submitted a DRHP to SEBI for a 3600 crore IPO. The Wadia Group, which owns GoAir, launched the airline in 2005. According to data from 2017 with a market share of about 8.4 percent, the firm is the fifth-largest airline in India. They offer daily service to more than 300 destinations, including 36 domestic and nine overseas. The ultra-low-cost airline Go First serves a number of domestic and foreign locations with a focus on young Indians, leisure visitors, and MSME business travelers. Retail investors make up 10 percent of the IPO, while QIB accounts for 75 percent and NII for 15 percent. The NSE and BSE indices will both list the GoAir IPO.
Pharmeasy - Ready for Debut
Pharmeasy, the biggest GMV-based digital healthcare platform in India, is about to make its stock market debut. Revenue for the company increased significantly in FY21, going from $6,675.42 million in FY20 to $ 23,352.69 million in FY21. The considerable increase in demand for medicines during the COVID-19 epidemic was the cause of the revenue's strong performance. EBITDA margin loss for the company was lowered from 54.3 percent in FY20 to 21.9 percent in FY21. The company's deficit has grown from $3,352.79 million in FY20 to $6,413.36 million in FY21, nevertheless.
CMR Green Technologies - IPO Date Yet to be Fixed
The largest domestic aluminum recycling company and one of the biggest in the world is CMR Green Technologies Limited. The company's main areas of interest are the production of zinc alloys and the recycling of aluminum, which entails processing scrap metal containing aluminum to create aluminum alloys and supply them in both liquid and solid ingot form. Although a date for the company's IPO has not yet been set, it may open shortly. CMR Green Technologies' initial public offering (IPO) aims to raise approximately crores through a fresh issue of 300 crores and an offer to sell up to 33,414,138 equity shares at a price of each. Retail quota is 10 percent, followed by QIB at 75 percent and HNI at 15 percent.
MobiKwik - IPO Date Yet to be Fixed
The company has submitted its draft Red Herring Prospectus to market watchdog SEBI. The debut date for the MobiKwik IPO, or the opening date, hasn't been made public yet. The MobiKwik IPO's end date hasn't been announced either. Investors will also be informed of the date for the allocation of MobiKwik shares along with these dates. After the allotment date, investors who have received shares can anticipate having them credited to their demat accounts. In addition, no date for the MobiKwik IPO offering has been disclosed. The shares of a company are listed on the bourses, NSE and BSE, on the listing day. Keep checking Uptox for all the important information about the MobiKwik IPO.