Upcoming IPOs: Blackstone-owned International Gemological Institute, Ventiv Hospitality and five others get SEBI nod

Upcoming IPO: Blackstone-owned International Gemological Institute (India) Ltd, Ventiv Hospitality, Concord Enviro Systems Ltd, Carraro India Ltd, Trualt Bioenergy Ltd, Smartworks Coworking Space Ltd and Ecom Express Ltd got final approval from the Securities and Exchange Board of India (SEBI). Is. ) to proceed with its initial public offering (IPO), according to a regulatory filing on November 29.

International Gemological Institute IPO Details

The International Gemological Institute (India) Limited is owned by Blackstone and is the largest certification and recognition provider for laboratory-grown natural diamonds. diamondsStudded jewellery, and colored stones.

The company plans to raise approx 4,000 crore from the public markets for its acquisition targets and general corporate purposes.

“Our company proposes to use a part of the net proceeds to acquire 100 per cent of the share capital of IGI Belgium Group and IGI Netherlands Group from its promoter. After completion of the proposed acquisitionOur company will become 100% shareholder of IGI Belgium and IGI Netherlands, and will be responsible for operating the IGI business globally,” the company said in its DRHP filing.

The IPO is offering a mix of new issues, through book-built issues, priced up to Offer-for-sale (OFS) component of up to Rs 1,250 crore more ₹2,750 crore by BCP Asia II Topco Pte. Ltd., promoter of jewelery Certifier.

The company revealed that not more than 75 per cent of the public issue will be allotted to qualified institutional buyers (QIBs), not more than 15 per cent will be allotted to non-institutional investors (NIIs), and 10 per cent will be available. According to the draft papers, for retail investors.

Axis Capital Ltd, Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Ltd are the bookrunners of the public issue. Kfin Technologies Limited is the registrar to the Offer.

Concorde Enviro IPO Details

Concord Enviro Systems Ltd Mauritius-based AF Holdings-backed water and wastewater treatment solutions provider offers a new issue of equity shares. 192.3 crore and an offer for sale (OFS) of 51,94,520 or 51.94 lakh equity shares by existing shareholders.

The company has over 353 domestic and 24 international customers across multiple industries medicinesChemicals, Food & Beverages, Defense & Energy, Automotive, Steel & Textiles. According to the company statement, Concord Enviro Systems has two manufacturing facilities in India and UAE.

AF Holdings, which holds 39.07 per cent stake in the firm, will sell 47.4 lakh equity shares through offer-for-sale (OFS), while the promoter Goyal family, which holds 60.93 per cent stake, will sell 4,54,520 shares. Equity shares through issue.

Motilal Oswal Investment Advisors and Equirus Capital are acting as book-running lead managers to the private issue, while Link Intime India is acting as registrar to the offer.

Ventiv Hospitality IPO Details

Ventiv Hospitality Limited is a hospitality property owner that focuses primarily on luxury offerings in the business and leisure sectors. The company’s properties are managed or owned through franchisees global Brands like Marriott, Hilton, Miner and Atmosphere.

Ventiv Hospitality IPO through book-built issue includes fresh equity issue of up to Rs. 2,000 crore, with a face value of Rs 1 per share.

As of March 2024, the portfolio comprises 11 operational hospitality properties in India maldivesThere are a total of 2,036 rooms in the luxury, high-upscale and upscale segments.

JM Financial, Axis Capital, HSBC Securities & Capital Markets (India), ICICI Securities, IIFL Securities, Kotak Mahindra Capital Company and SBI Capital Markets are acting as book-runners for the issue.

Carraro India IPO Details

Carraro India is a manufacturer of axles and transmission systems. Agriculture Tractors and construction vehicles.

The company aims to raise 1,811.65 crore through an entire offer-for-sale (OFS) by Carraro International SE, a holding entity under Carraro SPA Group, the company’s promoter.

Italy-based Carraro SPA is the parent company of the Carraro Group, which specializes in the manufacturing of transmission systems such as axles, transmissions and drives. They are used in agricultural and construction equipment for off-highway vehicles.

Carraro India operates from two Production plant in Pune, and the company has supplied products to 38 manufacturers across India in FY2024, with 64.82 per cent of its revenue coming from domestic sales.

Axis Capital Limited, BNP Paribas and Nuvama are the book-running lead managers for the public offering, while Link Intime India Pvt. Ltd. Limited is the registrar of the offer.

TrueAlt BioEnergy IPO Details

Bengaluru-based Trueault Bioenergy is a major biofuel producer in India. The company is launching its latest issue Offer for sale (OFS) of 36 lakh equity shares with face value Rs 750 crore and Rs. 10 per share.

the company will use Rs 172.68 crore was raised from the public offering to finance capital expenditure for setting up multi-feed stock operations. This will make it possible to use the grain as additional raw material in the ethanol plant at TBL Unit 4, which has a capacity of 300 kilolitres (KLPD). moreover, Rs 425 crore will be used to meet working capital needs and for general corporate purposes.

The company is currently considered the largest ethanol The manufacturer in India, based on its installed capacity, claims a daily production capacity of 1,400 KLPD by March 31, 2024.

DAM Capital Advisors Ltd and SBI Capital Markets Ltd are the book-runners for the public issue, while BigShare Services Pvt Ltd is acting as the registrar for the offer.

Smartworks Coworking Space IPO Details

Smartworks Coworking Space Limited is a leading platform offering managed campuses and office experiences. The company specializes in taking large, empty shell properties in desirable locations and transforming them into fully furnished, technologically advanced complexes with all the luxuries of today. universities,

The IPO comprises an offer for sale (OFS) component of 67.59 lakh shares and a fresh issue of equity shares. 550 crores.

Amount raised from latest issue, total Rs 282.30 crore will be used for security deposits and capital expenditure associated with the construction of new centres. one more Rs 140 crore will be set aside for loan repayment and the remaining funds will be used for general corporate purposes.

JM Financial Limited, BOB Capital Markets Limited, IIFL Securities Limited and Kotak Mahindra Capital Company Limited are the managed book-runners for the public issue.

Ecom Express IPO Details

Warburg Pincus-backed Ecom Express Ltd. is a B2C e-commerce logistics solutions provider. The company runs a pan-India express logistics network that handles reverse logistics (returns), fulfillment services (warehousing), first-mile pickup, middle-mile transportation, and last-mile delivery.

The company is offering a fresh issue of equity shares, through a book-built issue 1,284.5 crore and offer for sale (OFS) in total 1315.5 crores. Ecom Express aims to raise total Rs 2,600 crore from Indian stock markets.

Axis Capital Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited and UBS Securities India Private Limited are the book-running lead managers to the public issue.

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