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.

WRF | World cupa Hand Stich Football Size-05 (with Pump Multicolour 1008)

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.

AS Modern FIFA World Cup New Age Football with Air Pump (Size-5, Multicolor) (Black)

Yatra Online IPO Timetable (Tentative)

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

Also read :- Zaggle Prepaid Ocean sets IPO price band at Rs 156-164; Subscription opens on Sept 14

The post Yatra Online sets price band at Rs 135-142 for its Rs 775 crore IPO appeared first on Republic Aeon.

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.

Also Read:-Rishabh Instruments IPO to open on August 30: Check details

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.

The post Rishabh Instruments IPO opens on Aug 30, price band set at Rs 418-441 a share appeared first on Republic Aeon.

The company plans to list its shares on the NSE EMERGE exchange in order to raise Rs 26.73 crore through a fresh offering. Debt repayment will take up Rs 70 lakh, working capital requirement Rs 19 crore, and general corporate purposes Rs 6.5 crore of the net proceeds from the offering.

The issue’s lone book running manager is Interactive Financial Services.

Corp Life Science Ltd is an agrochemical firm that manufactures and sells a wide range of chemical fertilisers, pesticides, and other agricultural inputs. Products like insecticides and micro fertilisers are only two of many that the company produces. Chemicals used to control insects, fungi, herbs, and weeds are all considered pesticides. There are 296 pesticide technical formulation approvals held by the company.

There are currently 133 trademark registrations for the company’s branded products and logo, covering a wide range of classifications and categories. In addition, there are currently 19 trademark applications being reviewed. Products formulated by the firm are marketed under the respective brand names. The company has eight copyrights that were filed for protection under the Copyrights Act, and the design of its bottles was protected by the Designs Act and Rules. It has 4 issued patents and 4 pending patent applications under the Patent Act.

Income for the fiscal year ending February 18, 2023, was Rs 4.37 crore on revenues of Rs 122.54 crore. The sum of money borrowed within that time frame was Rs 26.82 crore.

Its income dropped to Rs 102 crore in FY22 from Rs 118.93 crore the previous year. The period’s net profit was Rs 2.81 crore, down from Rs 3.7 crore the previous year.

Also Read : Zaggle Prepaid Ocean Services raises Rs 73 crore via private placement ahead of IPO launch

The post Crop Life Science IPO opens today, price band set at Rs 52 a share appeared first on Republic Aeon.