The capital markets regulator SEBI has allowed 6 companies to make public offers (IPOs) between 11-14 October 2021. The companies had submitted initial documents to SEBI between May and August.
New Delhi. Capital markets regulator SEBI has allowed 6 companies to offer IPOs. These include Star Health & Allied Insurance, an investment by veteran investor Rakesh Jhunjhunwala, Adani Group’s FMCG company Adani Wilmar and e-commerce brand Nykaa. Apart from these, Penna Cement Industries, Latent View Analytics and Sigachi Industries have also got approval for IPO from SEBI.
Documents of 52 companies lying with SEBI at present
These companies had submitted initial documents for IPO with SEBI between May and August 2021. SEBI gave green signal to these companies to bring IPO between 11-14 October 2021. It has been said in a report that documents related to IPO of 52 companies are currently deposited with SEBI. According to the documents, online marketplace FSN E-Commerce Ventures Limited, which runs beauty aggregator Nykaa, will issue fresh shares worth Rs 525 crore under the IPO. At the same time, promoters and shareholders will bring an offer for sale (OFS) for about 4.31 crore equity shares. Sources said that from this IPO, Nykaa is expected to raise Rs 3,500 to 4,000 crore.
Which company is issuing how many equity shares
New shares worth Rs 4,500 crore will be issued under the Adani Wilmar IPO. Apart from this, new shares worth Rs 2,000 crore will be issued under the IPO of Star Health Insurance. At the same time, the promoters and existing shareholders will bring an offer for sale (OFS) of 6,01,04,677 equity shares. Under the IPO of Hyderabad-based Penna Cement, new shares worth Rs 1,300 crore will be issued and an OFS of Rs 250 crore will be brought. New shares worth Rs 474 crore will be issued under the Latent View Analytics IPO. At the same time, a promoter and shareholder will bring an OFS of Rs 126 crore. 76.95 lakh equity shares will be sold under Sigachi Industries IPO.
