According to the announcement, Mamaearth plans to sell 41,248,162 shares of stock in order to raise 365 crore in primary capital.Fireside Ventures, Stellaris Venture Partners, Sofina Ventures, and the wealthy individuals Kunal Bahl, Rishab Mariwala, Rohit Bansal, and Shilpa Shetty are all selling a portion of their stake in the company in the IPO.

On Tuesday, October 31, subscribers can begin purchasing shares in Mamaearth, and they will have until Thursday, November 2, to do so. Honasa Consumer’s IPO allocation to anchor investors is set for Monday, October 30.Mamaearth has set its initial public offering (IPO) pricing range between $30.80 and $32.40-per-share, with a floor price of $30.80 and a ceiling price of $32.40-per-share. Each IPO lot of Mamaearth equity is comprised of 46 shares, with further lots available in 46-share increments.

Qualified Institutional Buyers (QIBs) will get not less than 75% of the shares in the public issue from the Mamaearth IPO, Non Institutional Investors (NIIs) would receive not more than 15%, and Retail Investors will receive no more than 10%. When employees participate in the employee reserve section of the auction, they can receive a discount of 30 per equity share.

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Mamaearth IPO details

Mamaearth is raising up to 365 crore through an initial public offering (IPO), with the OFS consisting of around 4.12 crore shares. Honasa promoter Varun Alagh plans to sell 3,186,300 shares in the IPO, while his wife Ghazal Alagh may sell up to 100,000 shares. Other investors selling their shares in the OFS include Kunal Bahl, Shilpa Shetty Kundra, Rishabh Harsh Mariwala, Fireside Ventures Fund, Sofina, Stellaris, and Rohit Kumar Bansal.

Advertising expenses to increase brand visibility and recognition; New EBO development funding; General corporate purposes The business plans to use the net proceeds to finance these general corporate purposes. The investment funds will be used for Bhabani Blunt Hairdressing Private Limited’s (BBlunt) expansion into new salon locations, as well as for other business purposes and an undisclosed inorganic purchase.

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Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited, and J.P. Morgan India Private Limited are the book running lead managers for the Honasa Consumer initial public offering. Kfin Technologies Limited is the offering’s registrar.

Allocation for the Honasa Consumer IPO is expected to close on November 7. The BSE and NSE are expected to host the initial public offering (IPO) for Honasa Consumer on November 10.

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On September 25, the basis of allotment will be disclosed, and on September 26, demat accounts will be credited with equity shares. The company is scheduled to debut on stock markets on September 29.

The company’s promoters and existing shareholders intend to raise Rs 602 crore through a fresh issue and an offer for sale of up to 12.18 million shares. At the upper end of the price range, the entire size of the issuance is Rs 775 crore, and the value of the company is Rs 2,230 crore.

Investor Pandara Trust – SCHEME I, through its trustee Vistra ITCL (India), intends to exit the firm by selling its full 4,31,360 shares through the OFS, while promoter THCL Travel Holding Cyprus would sell 1.75 million shares.

An estimated Rs 392 crore would be invested in customer acquisition and retention, technology, and other organic development activities, while Rs 150 crore will be used for strategic investments, acquisitions, and inorganic growth. The remaining balance will be used for operational expenses.

Yatra Online is owned by its promoters, THCL Travel Holding Cyprus, which owns 88.91 percent, and Asia Consolidated DMC Pte Ltd, which owns 9.68 percent; the remaining 0.95 percent and 0.08 percent are held by public shareholders, Network18 Media & Investments and Reliance Retail, both of which are subsidiaries of Reliance Industries.

According to the business’s FY23 financial statements, Yatra Online was the third largest online travel company in India among main OTA (online travel agency) companies in terms of gross booking revenue and operational revenue and the largest corporate travel services provider in India in terms of the number of corporate clients. As of March FY23, it has partnered with more hotels and other types of lodgings than any other major domestic OTA. This number is above 21,05,600.

Merchant bankers for the issuance include SBI Capital Markets, DAM Capital Advisors, and IIFL Securities, with Link Intime India serving as the issue’s registrar.

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Yatra Online IPO Details

Yatra Online IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Yatra Online IPO price is ₹135 to ₹142 per share. The IPO will list on BSE, NSE.

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Yatra Online IPO Timetable (Tentative)

Yatra Online IPO opens on September 15, 2023, and closes on September 20, 2023.

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Existing shareholders and promoters may offer for sale up to 22.11 million shares in the IPO. Siddharth Jain is authorized to offer up to 10.44 million shares in the OFS, while Pavan Kumar Jain and Nayantara Jain are authorized to offer up to 5 million shares apiece, Ishita Jain is authorized to offer up to 1.2 million shares, and Manju Jain is authorized to offer up to 2.3 lakh shares.

Lead managers for the offering are ICICI Securities and Axis Capital.

The Gujarat-based firm has been a pioneer in the cryogenic equipment industry for more than three decades. Tanks, equipment, and turnkey projects are just some of the cryogenic solutions they offer to businesses in sectors as diverse as industrial gases, liquefied natural gas (LNG), healthcare, aviation, and more. They are the leading exporter of cryogenic tanks from India and develop cryogenic equipment for use around the world.

Kalol (Gujarat), Kandla SEZ (Gujarat), and Silvassa (Ddra and Nagar Haveli) are the locations of its three production plants. There were 3,100 ETUs (cryogenic storage tanks of 10,000 liters each) and 2.4 million disposable cylinders among the company’s installed capacity in FY 2023.  There were orders totaling Rs 1,003.15 crore in the books as of May 31, 2023.

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The company increased its revenue to Rs 965.90 crore in FY23 from Rs 782.71 crore in FY22. The annual net profit was Rs 152.71 crore, up from Rs 130.50 crore the previous year. However, this company’s EBITDA margin fell by 22.62 percent during the fiscal year compared to the previous year’s 23.47 percent. Compared to Rs 54.54 cr in the prior year, total debt was Rs 8.99 cr in March of 2023.

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Through a combination of a new issuance and an offer-for-sale (OFS) of up to 9.43 million shares, the business hopes to raise around Rs 75 crore from current shareholders and promoters. The IPO is expected to raise between Rs 491 crore and Rs 492 crore, giving the company a valuation of between Rs 1,600 crore and Rs 1,700 crore at the upper end of the pricing range.

Asha Narendra Goliya may offer up to 1.5 million shares, Rhishabh Narendra Goliya may offer up to 4 thousand shares, Narendra Rishabh Goliya HUF may offer up to 5.18 thousand shares, and SACEF Holdings II may offer up to 7.01 million shares in the OFS.

This offering’s main managers are DAM Capital Advisors Ltd, Mirae Asset Capital Markets India, and Motilal Oswal Investment Advisors.

In addition to solar string inverters, the company also designs, develops, manufactures, and supplies electrical automation equipment such as metres, controls, and protectors.

In addition, its subsidiary Lumel Alucast produces and sells aluminium high-pressure die-casting. As of March 2023, it will have produced 4.31 million units annually between its two Nashik factories.

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According to DRHP, the company plans to use the Rs 59.50 crore it raised from the offering to increase its production capacity and invest in its core competencies.

The company’s operational revenue increased to Rs 569.54 crore in FY23 from Rs 470.25 crore in FY22. In comparison to the previous period’s net profit, this one came in at Rs 49.69 crore.

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Through a combination of a fresh issue and an offer for sale (OFS) of up to 9.43 million shares, the company’s current owners and promoters expect to generate around Rs 75 crore in the initial public offering.

SACEF Holdings II is offering up to 7.01 million shares, while Asha Narendra Goliya is offering up to 1.5 million shares, Rhishabh Narendra Goliya is offering up to 4 lakh shares, and Narendra Rishabh Goliya HUF is offering up to 5.18 lakh shares.

Motilal Oswal Investment Advisors, DAM Capital Advisors Ltd, and Mirae Asset Capital Markets India are the issue’s lead managers.

In addition to solar string inverters, the company also designs, develops, manufactures, and supplies electrical automation equipment such as metres, controls, and protectors.

Lumel Alucast, a division of the company, also produces and distributes high-pressure die castings made of aluminium. As of March 2023, the company’s total installed capacity across its two Nashik factories is 4.31 million units per year.

According to DRHP, it plans to invest the Rs 59.50 crore it received from the offering in an expansion of its production facilities in order to enhance and strengthen its core capabilities and increase its manufacturing capacity.

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Company operations brought in Rs 569.54 crore in FY23, up from Rs 470.25 crore in the prior year. Periodic net income was Rs 49.69 crore, up from Rs 49.65 crore in the prior year.

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The IPO will be a pure offer-for-sale, comprising up to Rs 300 crore by Pradeep Ghisulal Rathod, up to Rs 670 crore by Pankaj Ghisulal Rathod, up to Rs 380 crore by Gaurav Pradeep Rathod, up to Rs 200 crore by Sangeeta Pradeep Rathod, and up to Rs 100 crore each by Babita Pankaj Rathod and Ruchi Gaurav Rathod.

Gaurav Pradeep possesses a 25.73 percent stake in the company, while Pankaj Ghisulal and Pradeep Ghisulal hold 16.24 percent and 12.86 percent, respectively.

ICICI Venture, the alternative investment branch of ICICI Bank, supports the Mumbai-based company that competes with the likes of Milton, La Opala, and Borosil.

The issue’s primary managers are Kotak Mahindra Capital, ICICI Securities, JM Financials, Motilal Oswal Securities, and IIFL Securities.

In 1967, the Rathod family founded a small factory in Mumbai to produce plastic PVC footwear and ornaments under the name Cello Group. It has a presence in categories ranging from drinkware, opalware, and kitchen appliances to cleaning aids, washroom accessories, and sanitizers, and its products are also utilised by hotels, restaurants, and caterers.

It offers 15,841 stock keeping units across product categories as of March 2023. It owns, leases, and operates thirteen manufacturing facilities across five locations in India with an annual installed capacity of 57.77 million units of consumer houseware products, 15,000 tonnes of opalware and glassware, 650.00 million units of writing instruments and stationery products, and 12.80 million units of moulded furniture and allied products.

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The company’s revenue for FY23 increased to Rs 1,796.70 billion from Rs 1,359.18 billion the previous year, while its net profit increased to Rs 285.07 billion from Rs 219.52 billion. The EBITDA margin for the year decreased from 25.71 percent to 24.34 percent. The net debt decreased during the year from Rs 426.64 crore to Rs 304.49 crore.

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This is on top of the previous divestiture of a 1% stake in NSDL that took place through definitive agreements in December of the previous year and met the criteria for being considered significant. The Bank’s stake in NSDL was 8.95% at one point. In order to raise capital through the initial public offering (IPO), the market infrastructure organization NSDL, which is registered with SEBI, submitted its draft prospectus to the markets regulator yesterday. The financial and securities markets can take advantage of NSDL’s comprehensive selection of goods and services. After the Depositories Act was passed in 1996, the National Securities Depository Limited (NSDL) was a forerunner in the dematerialization of securities in India. The organization is the most significant depository in India as of the month of March 2023 in terms of the number of issuers, the number of active instruments, the market share in the demat value of settlement volume, and the value of assets held under custody.

The offer includes an over-the-counter sale of up to 57,260,001 equity shares. IDBI Bank will be offloading 22,220,000 equity shares as part of the OFS, while NSE will be selling 18,000,001 equity shares, Union Bank of India will sell up to 5,625,000 equity shares, and State Bank of India will sell up to 4,000,000 Equity Shares. Among the other shareholders who are selling their shares is the Administrator of the Specified Undertaking of the Unit Trust of India.

The offer reserves a certain number of equity shares for subscription by employees who meet the requirements.

It is possible that NSDL and the selling shareholders, after consulting with the book-running lead managers, will provide a qualified employee bidding in the employee reservation portion with a price reduction on the offer price.

It is proposed that the shares of the company be listed on the BSE.

ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets and Securities Ltd, Motilal Oswal Investment Advisors Ltd, and SBI Capital Markets Ltd are the book-running lead managers for the issue. SBI Capital Markets Ltd is also a lead manager for the offering.

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