| Id | Draft IPO Name | Draft Filing Date | |
| 13 | ASK Investment Managers Limited | 09 Aug 2018 |
Details
ASK Investment Managers Limited filed its draft red herring prospectus (DRHP) with the SEBI for raising about`2,000 crore through an Initial Public Offering (IPO).
The IPO comprises a fresh issue of shares worth up to `600 crore and offer for sale of up to 1.36 crore equity shares by AI Global and 44 lakh equity shares by promoter Sameer Koticha.The company may consider a private placement of up to 44 lakh shares total Rs 300 crore
JM Financial, Axis Capital, Citigroup Global Markets India and Nomura Financial Advisory and Securities (India) are the Lead Manager for this issue.
The Purpose of the issue given by ASK Investment Managers are invest in its subsidiary ASKFH to augment the capital base for its non-banking financial companies businesses and for general corporate purposes.
|
| 11 | Muthoot Microfin Limited | 31 Jul 2018 |
Details
Muthoot Microfin Limited(MML) a part of the Pappachan Group plans to raise Rs 1,000 crore in an initial public offering.
Muthoot Microfin Limited filed a Draft Red Herring Prospectus (DRHP) for an initial public offering of equity shares of face value of rs 10 each for cash at a price per equity share including a share premium (offer) comprising a fresh issue aggregating up to Rs 500 crore (fresh issue) and an offer for sale of up to 16,310,072 equity shares.
Motilal Oswal, Edelweiss and Credit Suisse are Lead manager of this issue.
Muthoot Microfin Limited has also raised Rs 250 crore to drive its microfinance business and expand its footprint in the country. Of this Rs 194 crore was infused by the existing promoters via a rights issue. The company also received investment of $1 million from USbased existing PE investors taking the total capital base to Rs 614 crore at the end of FY 2018.
|
| 12 | PNB MetLife India Insurance Company Limited | 31 Jul 2018 |
Details
 PNB Metlife India Insurance Co.( PNB MetLife) has filed a draft red herring prospectus (DRHP) with market regulator SEBI for an initial public offering (IPO).The public issue is a complete secondary sale by state-owned lender and majority owner Punjab National Bank Ltd, joint venture partner American multinational insurance major MetLife, Inc., and other corporate bodies and institutional shareholders
The proposed IPO would be an offer for sale of up to 495,898,076 equity shares of face value of Rs 10 each of PNB Metlife India by the selling shareholders.The offer would constitute 24.64 per cent of the post-offer paid up equity share capital of the company.
The offer comprises of
1) 8,04,95,242 shares by PNB
2) 12,90,36,281 shares by Metlife International Holdings LLC
3) 10,76,11,370 shares by M Pallonji & Company
4) 7,66,59,064 shares by ELPRO International
5) 1,91,64,766 shares by IGE (INDIA)
6) 7,66,41,892 shares by J&K Bank
7) 62,89,461 shares by Manimaya
Currently PNB holds 30 per cent and is the largest shareholder in this life insurer. After the proposed IPO PNB stake is expected to comedown to 26 per cent.Currently, MetLife International holds 26 per cent in this insurer.J&K Bank holds 5.08 per cent stake.
|
| 1 | Akash Educational Services Limited | 20 Jul 2018 |
Details
Engineering and medical entrance test preparation company Aakash Education Services (AESPL) is planning an initial public offer. The company will try to raise Rs 1,000 crore from the IPO.
Citigroup Capital Markets and Kotak Mahindra are Lead manager for Aakash Education IPO.
|
| 2 | Affle India Limited | 19 Jul 2018 |
Details
 Singapore-based Affle Holdings filed draft Paper with SEBI to list its the Indian unit Affle (India).
The Indian unit Affle (India) is expected to raise approximately ?650 crore through its IPO.
ICICI Securities and Nomura Financial Advisory and Securities (India) are lead manager for
Affle India Limited IPO.
|
| 3 | Bharat Hotels Limited | 06 Jul 2018 |
Details
Bharat Hotels, which runs five-star properties under "The LaLiT" brand, has filed a draft prospectus with the capital markets regulator to garner Rs 1,200 crore through its initial share-sale
SBI Capital Markets, IDFC Bank, HDFC Securities and CSFB are lead manager for
Affle India Limited IPO.
The company made a profit of Rs 36.69 crore on operating revenues of Rs 574.77 crore.
|
| 4 | Chalet Hotels Limited | 06 Jul 2018 |
Details
 Chalet Hotels that owns several hotel properties including Marriott and Renaissance is looking to enter the primary market soon to raise about Rs 2,000 crore
The company intends to invest Rs 3,000 crore over the next 4-5 years to expand rooms in existing hotels and spread to new geographies. The IPO is one of the ways to finance the expansion plans and reduce debt company said.
In April, Lemon Tree Hotels, which operates in the mid-priced hotel segment, made a strong debut on the exchanges with a premium of 10 per cent over the offer price after raising about Rs 1,040 crore. The issue was subscribed 1.19 times
JM Financial, Axis Capital and Morgan Stanley India are Lead manager of Chalet Hotels IPO.
|
| 5 | Puranik Builders Ltd. | 02 Jul 2018 |
Details
Puranik Builders Ltd a major real estate developer with projects in Mumbai and Pune filed the draft prospectus for its initial public offering (IPO) to raise 1000 crore.
The IPO comprises of fresh issue of shares worth up to Rs 810 crore and offer for sale up to 18,59,620 equity shares by the company’s promoters and existing shareholders.The promoters are expected to sell 1.85 million shares through the IPO.Edelweiss Financial Services and IIFL Holdings are the lead managers to the Puranik Builders Ltd. IPO.
|
| 6 | Milltec Machinery Limited | 02 Jul 2018 |
Details
Bengaluru-based Agro-processing equipment maker Milltec Machinery Ltd has filed draft papers with the Securities and Exchange Board of India to raise an estimated Rs500 crore through an initial public offering (IPO).The issue is expected to include offer for sale of around 30 per cent by existing shareholders.Renuka Ramnath-led PE firm Multiples Alternate Asset Management (Multiples PE), which invested close to Rs 250 crore in Milltec for 49 per cent stake in 2013, is expected to sell some of its holding
Motilal Oswal Investment Advisors and IIFL Holdings are the lead manager for this IPO.
As on March 31, 2018, the companys net worth was Rs 105.5 crore.
|
| 7 | Indiamart Intermesh Limited | 29 Jun 2018 |
Details
Indiamart.com, one of the largest online listing platforms for small and medium businesses in India has filed draft papers with the Securities and Exchange Board of India to raise an estimated Rs600 crore through an initial public offering (IPO).IndiaMARTs IPO, a total of 42,88,801 equity shares will be divested by the promoters and private equity firms Intel Capital (Mauritius) Ltd, Amadeus Capital Partners and Accion Frontier Inclusion Mauritius.
ICICI Securities, Edelweiss Financial Services and Jefferies India are the lead manager for this IPO.
|
| 8 | Spandana Sphoorty Financial Limited | 28 Jun 2018 |
Details
Spandana Microfinance India’s second largest microfinance company after SKS Microfinance, plans to raise around Rs 1,500 crore through an initial public offer (IPO),
Spandana Microfinance posted a profit of Rs 200 Crores for the year ended March 31, according to information available on it’s website. This is higher than the Rs 175 Crores in profit that SKS Microfinance reported in the same period. Spandana Microfinance has an equity base of Rs 600 crore and more than 4.2 million borrowers. It has totally disbursed around Rs 4,200 crore and the company’s cumulative disbursals stand at Rs 16,000 crore
AXIS Capital,ICICI Securities,IIFL Holding Limited,JM Financial,IndusInd Bank,Yes Securited are the lead manager for this IPO.
|
| 9 | Penver Products Limited | 27 Jun 2018 |
Details
Seafood company Penver Products filed draft papers with markets regulator Sebi to raise funds through an initial public offering. Penvers initial share-sale consists of a fresh issue of equity shares aggregating up to Rs 242 crore, besides, an offer for sale of up to 41,08,000 equity shares by the promoters, the company said in a statement.
Proceeds of the fresh issue will be utilised for setting up a new shrimp processing unit, a pre-processing centre and a hatchery facility in Andhra Pradesh.
In addition, the funds will be used towards loan payment availed by the company and for other general corporate purposes.
Karvy Investor Services, Emkay Global Financial Services and Equirus Capital are the Lead managers for the IPO.
|
| 10 | Aavas Financiers Limited | 26 Jun 2018 |
Details
Kedaara and Partners Group-backed housing finance company Aavas Financiers Ltd has filed its draft prospectus with Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
As per the Draft Red Herring Prospectus filed on June 20, the offer will consist of fresh issue of undisclosed number of shares aggregating up to Rs 400 crore along with little over 16 million shares from current shareholders.
The IPO will also provide partial exits to private equity firms Kedaara Capital and Partners Group. Currently, the company’s major shareholders include Lake District with 49.84 per cent stake, ESCL with 24.21 per cent, and 10.62 per cent held by Master Fund. Kedaara Capital holds 69.11 per cent of the equity shares of Lake District.
Aavas was initially promoted by AU Small Finance Bank Limited which sold 90.10 per cent of the equity to Lake District, Kedaara Capital AIF , Partners Group ESCL Limited and Partners Group Private Equity Master Fund LLC in June, 2016.
While a portion the proceeds from the offer will be remitted to the exiting shareholders, net proceeds of the fresh issue will be also be used towards augmenting the company’s capital base to meet future capital requirements, which are expected to arise out of growth of business and assets, primarily housing loans and other mortgage loans, and to ensure compliance with the NHB Directions, the draft said.
The company’s revenue for the year ended March 31, 2018 stood at Rs 4,57.2 crore, while net profit for the year was about Rs 93 crore.
ICICI Securities,Citi Group, Edelweiss Financial Services Limited, Spark Capital Advisors (India) Private Limited,HDFC Bank Limited are Lead manager of the Aavas Financiers Limited IPO. IPO will be handle by register Link Intime India Private Limited.
|