Top 10 big IPOs / FPOs coming in FY11-12

by khalid on 23/04/2011 · 0 comments

1. Super Religare Laboratories
Diagnostic services provider Super Religare Laboratories (SRL) may also come out with its IPO in FY12. SRL has filed DRHP in February 17, for a public issue of up to 2.8 crore equity shares. Recently, Avigo, through Avigo PE Investments Limited (Mauritius), its investment arm, subscribed to 9.27% of the post investment equity share capital of SRL for an aggregate amount of Rs 100 crore

2. Muthoot Finance
ndia’s largest gold financing company Muthoot Finance aims to raise Rs 901 crore at higher end of price band of Rs 160-175 a share – for augmenting capital base. It is the first big IPO in financial year 2011-12 and so far has received overwhelming response from investors with QIB book subscribed 25 times

Oil and Natural Gas Corporation (ONGC) FPO is likely to hit markets between June and July this year. The PSU major is planning to raise over Rs 11,000 crore via FPO. The government will be diluting 5% stake via this offer its stake going down to 69.14% from the current 74.14%

4. Future Ventures India
Kishore Biyani-led Future Ventures India is eyeing a substantial stake in women’s ethnic wear maker Biba Apparels and Info-tainment company Amar Chitra Katha, and is also seeking new opportunities to invest in the fast moving consumer goods and fashion sectors. Future Ventures has approached the capital market with an aim to raise Rs 750 crore through its issue. It will open for subscription from April 25 to April 29 at higher end of price band of Rs 10-11

The Rs 8,000-crore follow-on public offer of Steel Authority of India (SAIL) is set to hit the capital market by the end of next month, sources said. Mr Verma had on March 16 said that SAIL would file the red herring prospectus (RHP) in May for its forthcoming follow-on public offer. “It may happen sometime in May,” he had said when asked about the company’s plan to file the RHP. The Government holds a stake of a little over 85%.

6. Joyalukkas India
The Kochi-based gold and diamond retail jewellery chain Joyalukkas India plans to launch the issue by the end of May or early June, the source said. Company received SEBI’s approval for its IPO sized between Rs 600-650 crore, a source added. Joyalukkas intends to deploy Rs 420.2 crore from the net proceeds for establishing 14 outlets in 14 cities by September 2013. It will also use Rs 105 crore to repay or pre-pay existing debt

7. SRS
SRS, which is in the business of cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery, plans Rs 200 crore IPO for funding expansion programme. The company has received market regulator SEBI’s nod for its IPO.

8. Paramount Printpackaging
The 45.83 crore IPO of Paramount Printpackaging will open for subscription between April 20-25. Issue proceeds are proposed to be utilised for setting up a new facility for manufacturing high-end duplex board cartons, shippers and printed corrugated box at Gujarat, and for long-term working capital. The price band is set at Rs 32-35/share.

9. Innoventive Industries
Innoventive, which is in the business of manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products, plans use the IPO proceeds of Rs 220 crore to expand its manufacturing facility (Rs 163-crore) and repayment of term loans Rs 50-crore. The issue will open between April 26-28.

10. Servalakshmi Paper
Paper manufacturer Servalakshmi Paper’s Rs 60-crore initial public offering (IPO) is going to open for subscription on April 27. It has fixed the issue price band at Rs 27-29 a share. It has total installed production capacity of 90000 MTPA.

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