Warning IPO: 4 This Mainboard Problem Hit The Road Next Week

After a few quiet weeks, the main market is getting busier again in June with at least four public problems – Sona Comstar, Shyam Metallics, Dodla Dairy and KimS Hospitals – hit the road next week.

In 2021 it formed well for public problems. So far, 19 IPOs, including The Brookfield Reit and Trust Infrastructure Infrastructure Powergrid, have collected more than RS 29,000 Crore in 20201.

The four science is expected to raise Rs 9,122.92 Crore. After the four IPOs closed, the count of public problems – 23 – will not only be higher than 2020 in which 16 offers were launched but also the funds raised. 23 IPOs will raise more than Rs 38,100 Crore compared to RS 31,000 Crore in the previous year.

“We hope this will be a very good opportunity for retail investors to make money because of a list of increases in a very short time,” said Yash Gupta Equity Research Associate in Angel Broking.

The four IPOs hit the road next week:
SONA BLW precision

Automotive technology company supported by Blackstone SONA BLW Precision (SONA Comstar) will open an initial public offering to subscribe to June 14 and will be closed on June 16. The price band for offers has been repaired at Rs 285-291 per equity stock.

Public issues RS 5,550 Crore consists of a new edition of RS 300 Crore and offers for sale RS 5,250 Crore by Singapore VII Topco III Pte Ltd, Affiliate Blackstone Group Inc. The company has collected Hospital 2,498 Crore from anchor investors on June 11.

The company intends to use net results from new problems to pay Debt RS 241.12 Crore and the purposes of public companies. Bids can be made for a minimum of 51 shares of equity and in multiples of 51 shares afterwards.

SONA BLW is mainly engaged in designing, making and supplying automotive systems and components that are highly engineered and highly engineered in missions against automotive original equipment manufacturers (OEM).

At the time of submitting the Prospectus Red Herring, Sona Autocomp Holding and Singapore VII Topco III Pte Ltd was the only shareholder in the company with 33.72 percent of shares and 66.28 shareholders per share.

Also read: See 5 IPOs that will regarding the road next week

Shyam Metallics and Energy

The initial initial public offering RS 909-Crore from Shyam Metallics and Energy will be open to offers on June 14. The price ribbon for offers has been repaired at Rs 303-306 per equity stock.

This offer consists of a new edition of Rs 657 Crore and offers for sale RS 252 Crore by sales shareholders. The company has muddled RS 270 Crore from an investor anchor on June 11.

The results of fresh problems will be used to serve RS 470 Crore Debt and Public Company Needs. Offer is closed on June 16.

Investors can bid at least 45 equity shares and in multiples of 45 shares afterwards. The minimum investment amount for retail investors will be Rs 13,770, and Rs 1,92,780 will be a maximum investment at the tip of a higher price ribbon.

Shyam Metallics is a leading integrated metal-producing company with a focus on long steel products and ferro alloys. This is one of the largest ferro alloy manufacturers in terms of installed capacity in India, in February 2021.

The company operates three manufacturing plants in Sambalpur in Odisha, and Jamuria and Mangaldur in West Bengal. In December 2020, the installed metal capacity of the aggregate plant was 5.71 million tons per year (MTPA). The manufacturing plant also includes captive power plants with an installed capacity of aggregate 227 MW, in December 2020.

Dodla Dairy.

Dodla Dairi, supported by TPG will be the third initial public offering to open next week on June 16, with ribbon prices with Rs 421-428 per share.

The IPO consists of a new edition of RS 50 Crore and offers for sale up to 1.09.85.444 Equity shares. Offers for sale consist of 92 Equity Stocks Lakh by TPG Investors Dodla Dairy Holdings Pte Ltd, and 4.16,604 Equity shares by Dodla Sunil Reddy, 10,41,509 shares by Dodla Family Trust and 3,27,331 shares of equity by Dodla Deepa Reddy. Dodla Sunil Reddy, Dodla Family Trust, and Dodla Deepa Reddy are part of the promoter group and promoter.

Bids can be made for a minimum of 35 equity shares and in multiples of 35 afterwards. Investors can invest in most shares of RS 14,980 and the maximum RS 1,94,740 shares worth.

Hyderabad-based dairy companies will take advantage of fresh legitimate results to pay Debt RS 32.26 Crore and for RS 7.15 Crore’s capital expenditure requirements. As of December 31, 2020, the company has an extraordinary total debt from Rs 87.37 Crore which consists of futures loans, working capital facilities and NCD.

Dodla Dairy is an integrated milk company based in South India, especially lowering all its income for the FY20 and for the nine-month period ended December 2020 from the sale of milk and value-added-based products based on the branded consumer market.

The operation in India is mainly throughout Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, with the Dodla Dairy brand, Dodla and KC +, while overseas operations based in Uganda and Kenya with the Dodla Dairy brand, Dodla +.

Krishna Institute of Medical Sciences

Public problems of Krishna’s medical science supported by Atlantic (KimS Hospitals) will be open to offers on June 16 and close on June 18. The bid price ribbon has been repaired at Rs 815-825 per share.

The IPO consists of a new edition of Rs 200 Crore and offers for sale 2,35,60,538 shares of equity by existing sales shareholders. Offers for sale consist of 1.60.03.615 Equity shares by General Atlantic Singapore KH Pte, 3,87,966 shares by Dr. Bhaskara Rao Bolllineni, 7.75,933 shares by Rajyasri Bollineni, 3,87,966 shares by Bolllineni Ramanaiah Memorial Hospital, 60, 05,058 shares by other people.

This offer includes RS 20 Crore shares set aside for company employees who will receive shares with discounts up to RS 40 per share at the final offer price.

Total fundraising will be Rs 2,143.74 Crore at the tip of a higher price ribbon. The company will take advantage of fresh results for certain loan payments Rs 150 Crore, and general company needs.

Investors can apply for a minimum of 18 equity shares and in multiples of 18 afterwards. The minimum investment amount for retail investors will be Rs 14,850 and the maximum number of Rs 1,93,050.

Krishna Institute of Medical Sciences is one of the largest corporate health groups in Andhra Pradesh and Telangana in terms of the number of patients treated and maintenance offered.

The company operates nine special hospitals under the ‘KIMS Hospitals’ brand, with 3,064 aggregate bed capacity, including more than 2,500 operational beds on March 31, 2021, which is 2.2 times more beds than the second largest provider in the AP and Telangana.