Here is the list of IPOs scheduled to launch next week:
Sula Vineyards:
The IPO of India’s largest wine producer and seller Sula Vineyards is among the most anticipated public offerings. The issue will be launched on December 12th and will be available until December 14th. The IPO is entirely for sale!
Before going public on December 9, Sula raised by €288.10 crore from anchor investors.
As part of the IPO, the offer to sell includes up to 26,900,530 shares in a price range of €340 per share and €357 per share. In the upper price band, the IPO of Sula is valued around €960.35 million. However, the company will not use the proceeds from the IPO as they will go to selling shareholders who participate in the offering.
Among the selling shareholders are — promoter Rajeev Samant, investors such as Cofintra SA, Haystack Investments, Saama Capital III, SWIP Holdings, Verlinvest SA and Verlinvest France SA and others.
Of the total IPO size, 50% of the IPO size will be allocated to qualified institutional buyers (QIB) for bids, while 15% will be reserved for non-institutional investors (NIIs) and the remaining 35% will be held for retail investors.
Sula Vineyards has always been a leader in the Indian wine industry. Sula has made remarkable strides in over a decade. In the 100% grape wine category, the Company’s market share based on sales increased from 33% in FY09 to 52% in FY20 and further to 52.6% in FY21.
Aban Stocks:
Just like Sula, the financial services firm backed by Aban Group, Aban Holdings will launch its IPO on December 12 to make money €345.60 million. Aban Holdings’ IPO is open for subscription until December 15th. The IPO is a mixture of a new issue of up to 38,000 shares and an offer to sell around 90,000 shares. Promoter Abhishek Bansal is the selling shareholder of OFS.
The shares offered as part of the IPO have a price range of €256 per share and €270 per share. About 10% of the total volume is reserved for QIBs while 30% is held for non-institutional investors and therefore most of the IPO is reserved for retail investors with up to 60% of the total volume.
Aban Holdings plans to use the proceeds from the new issues €80 crore to further invest in its NBFC subsidiary Aban Finance to fund the expansion of its capital base to meet its future capital needs. In addition, the proceeds are used for general corporate purposes. Specifically, Aban Finance contributes around 2-5% to the company’s revenue in the last 3 years.
Aban Holdings operates a diversified global financial services company headquartered in India, providing NBFC services, global institutional trading in equities, commodities and foreign exchange, retail brokerage services, custodial services, wealth management services, investment advisory services and wealth management services to corporate, institutional and high net worth clients.
Landmark cars:
This automotive service provider launches its €552 billion IPO on December 13th. Bidding is allowed until December 15th. While bidding for anchor investors will open on December 12 ahead of the IPO. The IPO price range is set to €481 per share and €506 per share.
The IPO includes the new issue value €150 crore and an Offer to Sell (OFS) up to €402 million. Selling shareholders of OFS are TPG Growth II SF, Aastha Limited, Sanjay Karsandas Thakker HUF and Garima Misra.
The Company plans to use the proceeds from the offering to prepay loans previously drawn by its subsidiaries and for general corporate purposes.
50% of the IPO volume will be reserved for QIBs, while 35% will be reserved for retail investors and 15% will be allocated to NIIs.
Landmark Cars is one of the leading premium automobile retail companies in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company has a commercial vehicle dealership with Ashok Leyland in India.
Its presence throughout the automotive retail value chain, including new vehicle sales, after-sales service and repairs (including sales of parts, lubricants and accessories), used passenger vehicle sales and facilitating the sale of third-party financial and insurance products.
As of June 30, 2022, the Company has expanded its network to 112 sales outlets in 8 Indian states and union territories, including 59 retail showrooms and outlets and 53 after-sales service and parts outlets.
In addition, Uniparts India will make its market debut on December 12 on the BSE and NSE Stock Exchanges. The IPO was launched from November 30th to December 2nd and was 25.32 times oversubscribed. The company tried to increase €836 crore from the public offering at a price band of €548 per equity share and €577 per share.
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