IPO this week: After a slow start this year, 4 initial public offerings (IPOs) are planning to raise Rs 4,500 crore this week. These companies are Bengaluru-based DCX Systems Limited, Cardiologist Dr Naresh Trehan-promoted Global Health Limited, Bikaji Foods International Limited and Fusion Micro Finance Limited.
The combined plan of these 4 IPOs is to raise around Rs 4,500 crore. These IPOs are related to diverse sectors such as FMCG, healthcare, financial services and cable and wire segments. post them IPO On this issue, the companies will be listed on BSE and NSE.
2022 has been a quiet one for IPOs after record fundraising last year. In the first three months, only three companies came out with IPOs and after March, around 19 firms raised money through initial share sales. So far in 2022, firms have raised a total of Rs 44,085 crore through share IPOs, according to data from the primary market tracker Prime Database show. In 2021, 63 IPOs had raised over Rs 1.19 lakh crore.
Volatile markets were the result of a cooling-off of the primary market, along with expectations of rate hikes by global central banks to tackle high inflation. Ukraine-Russia tensions, an energy crisis in Europe and fears of a recession also weakened sentiments.
Here is a list of 4 IPOs that will launch next week.
DCX Systems IPO
Commencing operations in 2011, DCX Systems is one of the leading Indian players in the defense and aerospace sector for manufacturing electronic sub-systems and cable harnesses in terms of manufacturing capacity and revenue in fiscal 2022.
The company is primarily engaged in System Integration and manufacturing of a wide range of Cable & Wire Harness Assemblies and is also involved in Kitting.
The DCX Systems IPO will open on October 31 and will be available for subscription until November 2, 2022. The company plans to raise around Rs 500 crore through this issue.
The shares will be allotted on November 7 and deposited in the depository on November 10. The scrips will be listed on the exchanges on November 11.
Fusion Micro Finance
The Fusion Micro Finance issue will open on November 2 and close on November 4. The firm has fixed a price band of Rs 350-368 per share and aims to raise around Rs 1,100 crore. The issue includes fresh issue of Rs 600 crore and OFS up to Rs 500 crore.
ICICI Securities, CLSA India, JM Financial and IIFL Securities are the principal managers of the IPO.
The Fusion Microfinance IPO will open on November 2 and end on November 4. The issue comprises a fresh issue of Rs 600 crore and an Offer for Sale (OFS) of 13,695,466 equity shares by the promoters and existing shareholders.
global health ipo
Global Health, which operates Medanta Hospitals, is one of the largest private multispecialty tertiary care providers operating in the North and East regions. India In terms of bed capacity and operating revenue as on March 31, 2022. As per the Crisil report, the company’s major specialties are in Cardiology and Cardiac Sciences, Neurosciences, Oncology, Digestive and Hepatobiliary Sciences, Orthopedics, Liver Transplant and Kidney and Urology.
Global Health will launch its IPO on November 3 to raise around Rs 2,205 crore. The bid will be available for subscription till November 7.
Bikaji Foods IPO
The company is the third largest ethnic snacks company in India, with an international footprint, selling Indian snacks and sweets, and the second fastest growing company in the Indian organized snacks market.
BKG IPO is purely an offer for sale (OFS) of 29,373,984 equity shares. The sold shareholders in OFS are Shiv Ratan Agarwal, Deepak Agarwal, Maharaja of India 2020, Intensive Softshare and IIFL Special Opportunities.
The company plans to raise around Rs 900 crore from the issue. Its price band is expected to be announced next week.
read all latest business news Here