NEW ISSUES ( IPO )FPO OF YES BANK LIMITED
IPO NEWS DATED 15.07.2020 :
M/S Yes Bank Ltd , is coming up with a Further Public Offering (FPO) of equity shares in the price band of Rs 12 to Rs 13 between July 15 , 2020 to July 17, 2020 against Face value of Rs 2 per share . One can apply in lots of 1,000 shares each or its multiples . Employees of the bank will get a RS 1/ - per share discount . Issue is of Fresh Issue of Rs 1,50, 000 crore out of which Offer Size: • Retail Portion: Not less than 35% of net offer size • Non-Institutional Portion: Not less than 15% of net offer size • QIB Portion: up to 50% of net offer size Reserve Bank of India had put the bank under moratorium in March month of this year and then restructured the bank with investments from State Bank of India and other banks . The Government of India then issued Gazette Notification dated 13.03.2020 approving " YES BANK LIMITED RESTRUCTURE SCHEME 2020" and the moratorium placed on the bank was lifted on 18th March 2020 . ( For the various developments in this regard , you may read our Financial News page dated 14.03.2020 and earlier . To know latest financial position of the bank and risks associated with subscribing to the issue , you may read Red Herring of the company , The shares will be listed in both BSE and NSE . The lead Managers to the issue include Kotak bnak Limited and ICICI Securities Limited . Presently , at the time of publication of this news , equity shares of Yes Bank are trading in the range of Rs 20.75 per share . IPO OF ROSSARI BIOTECH IPO NEWS DATED 11.07.2020 : M/S Rossari Biotech Ltd , is coming up with an initial public offering (IPO) of equity shares in the price band of Rs 423 to Rs 425 between July 13 , 2020 to July 15, 2020 against Face value of Rs 2 per share . One can apply in lots of 35 shares each or its multiples . Issue consists of Fresh Issue of Rs 50 crores and Offer for Sale ( OFS ) of 10,500,000 shares (comprising up to 5,250,000 Equity Shares by Mr. Edward Menezes and up to 5,250,000 Equity Shares by Mr. Sunil Chari. Both sellers are promoters of the company and they will continue to hold the management of the company . The total issue size is Rs 494 to Rs 496 crores . The Net Proceeds and the proceeds from the Pre-IPO Placement are proposed to be used for debt repayment and funding working capital . As per the redHerring of the company , the company is one of the leading specialty chemicals manufacturing companies in India based on sales for Fiscal 2019 (Source: F&S Report), providing customized solutions to specific industrial and production requirements of customers primarily in the FMCG, apparel, poultry and animal feed industries through diversified product portfolio comprising home, personal care and performance chemicals; textile specialty chemicals; and animal health and nutrition products. The company operates in India as well as in 17 foreign countries including Vietnam, Bangladesh and Mauritius. According to the F&S Report, as on September 30, 2019, the company is the largest manufacturer of textile specialty chemicals in India providing textile specialty chemicals in a sustainable, ecofriendly yet competitive manner. The company had a net income of of Rs 603 crores during April to March 2020 with reported net income of Rs 65 crores in the year ending March 2020 . 35 % of the issue is reserved for Retail investors ( who invest less than Rs 2.00 lakhs ) and employees of the company will get a discount of Rs 75 per share The shares will be listed in both BSE and NSE . The lead Managers to the issue are 1. Kotak bnak Limited 2. ICICI Securities Limited FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE IPO NEWS DATED 27.02.2020 : SBI CARDS
: M/S SBI Cards & Payment Services Limited Ltd , a subsidiary of Leading Public Sector lender State Bank of India is coming up with an initial public offering (IPO) of equity shares in the price band of Rs 750 to Rs 755 between March 02 , 2020 to March 05, 2020 against Face value of Rs 10 per share . One can apply in lots of 19 shares each or its multiples . Issue consists of Fresh Issue of Rs 500 crores and Offer for Sale ( OFS ) of 130,526,798 shares held by existing share holders valued between Rs 9, 790 crores to Rs 9,855 crores at the upper band . The promoters State Bank of India owns 74 % of the shares of the company with balance 26 % held by Carlyle group . The company is the second largest issuer of credit cards in India and commands around 18 % share of the credit card market in India . It issues various types of credit cards including Travel , shopping , banking partnership & premium cards in both personal as well as corporate segments . The company had a net income of of Rs 1,160 crores during April to December 2019 , while it had reported net income of Rs 860 crores in the year ending March 2019 and a net income of Rs 599 crores in the FY 2017-18 . 35 % of the issue is reserved for Retail investors ( who invest less than Rs 2.00 lakhs ) and employees of the company will get a discount of Rs 75 per share The shares will be listed in both BSE and NSE . FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE IPO OF PRINCE PIPES & FITTINGSIPO NEWS DATED 18.12.2019 :
M/S Prince Pipes and Fittings Ltd , leading Polymer Pipes and Fittings manufacturers in India in terms of number of distributors, incorporated in 1987 has come up with an initial public offering (IPO) of equity shares in the price band of Rs 177 to Rs 178 between December 18 , 2019 to December 20, 2019 against Face value of Rs 10 per share . One can apply in lots of 84 shares each or its multiples . Issue size is Rs 500 crores at the upper band . The issue is fresh offer of from the company and purpose of issue is to utilize the funds generated to Financing new project , repayment of existing debts , up-gradation and general corporate purposes The company had a net profit of Rs 26.67 crores during April to June 2019 , while it had reported net profit of Rs 83.35 crores in the year ending March 2019 and a net profit of Rs 72.76 crores in the FY 2017-18 . The shares will be listed in both BSE and NSE . IPO OF CSB BANKIPO NEWS DATED 22.11.2019 : M/S CSB BANK , earlier known as Catholic Syrian Bank Ltd , one of the oldest private Sector banks , has come up with an initial public offering (IPO) of equity shares in the price band of Rs 193 to Rs 195 between November 22 , 2019 to November 26, 2019 against Face value of Rs 10 per share . One can apply in lots of 75 shares each or its multiples . Issue size is Rs 410 crores at the upper band .
The issue comprises of fresh offer of from the bank to the tune of Rs 24 crores and Offer for Sale ( OFS ) of equity shares of 1.97 crore Eq Shares by the existing share holders M/S Fairfax India Holding Corporation .. The bank had a net profit of Rs 44.27 crores during April to September 2019 , while it had reported net loss of Rs 66 crores in the year ending March 2019 and a net loss of Rs 127 crores in the FY 2017-18 . The shares will be listed in both BSE and NSE . |
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