Category: IPO

Forthcoming IPO_PNB Housing Finance Ltd.

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PNB Housing Finance Ltd
Issue Open Date 25-Oct-16
Issue Closing Date 27-Oct-16
Application Money 100
Allotment Money
Price Band (Rs.) 750 – 775
Minimum Bid Quantity. 19
Issue Size (Shares) 40000000
Market Lot 1
Objective :
Our Company intends to utilize the Net Proceeds towards the following:(i) augment our capital base to meet our future capital requirements; and(ii) general corporate purpose.
Business Description :

We are the fifth largest HFC in India by loan portfolio as of September 30, 2015 with the second largest amount of deposits in an HFC in India as of March 31, 2015, according to the IMaCS Report. Our parent and Promoter is Punjab National Bank (“PNB”), one of the largest nationalised banks in India. Over the previous five years, we have implemented a business process transformation and re-engineering (“BPR”) program, which has contributed to us becoming the fastest growing HFC among the leading HFCs in India as of March 31, 2015, according to the IMaCS Report. Our loan portfolio grew at a CAGR of 61.76% from ?39,696.63 million as of March 31, 2012 to ? 271,772.68 million as of March 31, 2016.As of June 30, 2016, our loan portfolio had further increased to ? 309,006.44 million. We offer our customers “housing loans” for the purchase, construction,

extension or improvement of residential properties or for the purchase of residential plots, and “non-housing loans” in the form of loans against property (“LAP”) to property-owning customers through mortgages over their existing property and any additional security, if required; non-residential premises loans (“NRPL”) for the purchase or construction of non-residential premises; lease rental discounting (“LRD”) loans offered against rental receipts derived from lease contracts with commercial tenants; and corporate term loans (“CTL”), which are general purpose loans to developers and/or corporates for purposes of on-going projects or business needs. Our target customers for our housing loans are salaried customers, whose main source of income is salary from their employment, and self-employed customers, whose main source of income is their profession or their business. We also offer housing loans in the form of construction finance loans to real estate developers of residential housing. As of June 30, 2016, our housing loans constituted 70.31% of our total loan portfolio and our retail housing loans constituted 86.52% of our total housing loan portfolio. The average loan size (at origination) of our retail housing loans as of June 30, 2016 was ?3.18 million, with a weighted average loan-to-value ratio (“LTV ratio”)(at origination) of 66.10%. As of June 30, 2016, our non-housing loans constituted 29.69% of our total loan portfolio and our retail non-housing loans accounted for 78.27% of our total non-housing loan portfolio. The average loan size (at origination) of our retail non-housing loans as of June 30, 2016 was ? 5.68 million, with an weighted average LTV ratio (at origination) of 46.49%.

Lead Manager :

DSP Merrill Lynch Ltd
JM Financial Institutional Securities Ltd.
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
Morgan Stanley India Co Pvt Ltd

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Forthcoming IPO_HPL Electric and Power Limited

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HPL Electric & Power Ltd.
Issue Open Date 22-Sep-16
Issue Closing Date 26-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 175 – 202
Minimum Bid Quantity. 70
Issue Size (Shares) 20628571
Market Lot 1
Objective :
The Net Proceeds are proposed to be utilized by our Company for the following objects: (a)Repayment/ prepayment of certain indebtedness; (b)Funding working capital requirements; and(c)General corporate purposes.

Business Description :

We are an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. We had the largest market share in the market for electricity energy meters in India in fiscal 2015, with one of the widest portfolios of meters in India and the fifth largest market share for LED lamps during the corresponding period (Source: Frost & Sullivan Report, February 2016). Our manufacturing capabilities are supported by a large sales and distribution network with a pan-India presence. We currently manufacture and sell our products under the umbrella brand ‘HPL’, which has been registered in India since 1975. We supply our products through a network of authorised dealers or distributors to institutional, non-institutional and corporate customers. We supply switch gears, lighting

equipment and wires and cables, primarily through our pan-India authorised dealer network, which comprised of over 2,400 authorised dealers or distributors as on March 31, 2016, from our warehouses located in 21 states and union territories in India that are managed by our carrying and forwarding agents. Our authorised dealers or distributors further sell our products to over 15,000 retailers in India. In addition, we supply our products to Power Utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors. Further, we supply our portfolio of products to developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through our authorised dealer network. Our sales and marketing activities are managed through over 90 branch offices and representative offices in India as on March 31, 2016. We believe that our research and development capabilities have enabled us to keep abreast of technological developments in the electric equipment industry. We have a strong focus on consistently upgrading the technology that is used in our products and the processes used in manufacturing thereof, through our continuing research and development efforts. We have established two in-house research and development centers, the Kundli R&D Centre and the Gurgaon R&D Centre. Our research and development efforts include design and development of all types of energy metering solutions, including interactive communication between metering devices and metering infrastructure that includes AMR and AMI, prepayment metering solutions, solar net metering solutions, smart meters with two way communication and a complete range DLMS compliant meters, amongst others, and technologies and solutions that allow for active monitoring of energy consumption for electric equipment. For instance, we have developed a street lighting system that helps in saving manpower through automatic settings for sunset and sunrise timings and remote energy metering and dimming of such lights during off-peak hours to save energy

Lead Manager :

  • ICICI Securities Ltd
  • IDFC Bank Ltd.
  • SBI Capital Markets Ltd

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Forthcoming IPO_ICICI Prudential Life Insurance Company Limited

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ICICI Prudential Life Insurance Company Ltd.
Issue Open Date 19-Sep-16
Issue Closing Date 21-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 300 – 334
Minimum Bid Quantity. 44
Issue Size (Shares) 181341058
Market Lot 1
Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares of our Company on the Stock Exchanges and to carry out the sale of up to 181,341,058 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance the “ICICI Prudential” brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India.

Business Description :

We were the largest private sector life insurer in India by total premium in fiscal 2016 and assets under management at March 31, 2016. We are a joint venture between ICICI Bank Limited, India’s largest private sector bank in terms of total assets with an asset base of ` 7.2 trillion at March 31, 2016, and Prudential Corporation Holdings Limited, a part of the Prudential Group, an international financial services group with GBP 509 billion of assets under management at December 31, 2015. We were one of the first private sector life insurance companies in India and commenced operations in fiscal 2001. We offer our customers a range of life insurance, health insurance and pension products and services. Every fiscal year since fiscal 2002, we have consistently generated the most new business premiums on a retail weighted received premium basis among all private sector life insurers in India. The Indian life insurance sector was the tenth largest life insurance market in the world and the fifth largest in Asia in terms of total premiums in 2016, according to Swiss Re, sigma No 3/2016. The Indian economy is one of the fastest growing large economies in the world, with a GDP growth rate of 7.3% (in real terms) in fiscal 2016 and a household savings rate of 19.1% of GDP in fiscal 2015, according to CRISIL Research, Life insurance industry report, July 2016. We expect these macroeconomic factors, coupled with India’s large and young population, rapid urbanisation and rising affluence to propel the growth of the Indian life insurance sector. In fiscal 2016, our market share, on a retail weighted received premium basis,

among all insurance companies in India (public and private sector) was 11.3%, as compared with a market share of 9.7% for our nearest private sector competitor. Among the 23 private sector life insurance companies in India, we had a market share, on a retail weighted received premium basis, of 21.9% in fiscal 2016.A customer-centric culture that spans all aspects of our business is a key element of our strategy. We offer a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs. We offer our customers access to our products and services through an extensive multi-channel sales network across India, including through the branches of our bank partners, individual agents, corporate agents, our employees, our offices and our website. As of March 31, 2016, we had 121,016 individual agents. As of July 12, 2016, our bank partners had over 4,500 branches. We believe we are at the forefront of leveraging technology in the Indian life insurance sector, with our focus on digitisation and transformation of sales, customer on-boarding and internal processes. We believe that our focus on technology has enriched customer experience and enhanced the productivity of our employees and distributors. In fiscal 2016, our gross premium income was ` 191.64 billion, which comprised ` 49.24 billion of retail new business regular premium, ` 4.32 billion of retail new business single premium, ` 119.95 billion of retail renewal premium and ` 18.13 billion of group premium. Our 13th month persistency ratio in fiscal 2016 was 82.4%, which was one of the highest in the sector. At March 31, 2016, we had ` 1.04 trillion of assets under management, making us one of the largest fund managers in India. Of these, 72.4% were in linked assets. Funds representing 92.9% of our linked assets with identified benchmarks at March 31, 2016 had performed better than their respective benchmarks since inception. Our expense ratio of 14.6% for fiscal 2016 was also one of the lowest among the private sector life insurance companies in India. Our Company has an established track record of delivering annual returns to shareholders. Our profit after tax was ` 16.53 billion in fiscal 2016 and our return on equity has exceeded 30% for each year since fiscal 2012. We have a strong capital position with a solvency ratio of 320.0% at March 31, 2016 compared to the IRDAI-prescribed control level of 150.0%. Our business has not received a shareholder capital injection since fiscal 2009 and our Company has paid annual dividends since fiscal 2012. Our Company has paid cumulative dividends (exclusive of dividend distribution tax) of ` 40.32 billion since fiscal 2012. Our value of new business grew from ` 2.70 billion in fiscal 2015 to ` 4.12 billion in fiscal 2016, representing an increase of 52.6%. Our Indian embedded value at March 31, 2016 was ` 139.39 billion. Our Company also has a wholly owned subsidiary, ICICI Prudential Pension Funds Management Company Limited, which is registered as a fund manager with the Pensions Fund Regulatory and Development Authority of India.

Lead Manager :

CLSA India Ltd
Deutsche Equities India Pvt Ltd
DSP Merrill Lynch Ltd
Edelweiss Financial Services Ltd
HSBC Securities & Capital Markets (India) Pvt Ltd
ICICI Securities Ltd
IIFL Holdings Ltd.
JM Financial Institutional Securities Ltd.
SBI Capital Markets Ltd
UBS Securities India Pvt Ltd

 

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Forthcoming IPO_L&T Technology Services Limited

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L&T Technology Services Ltd.
Issue Open Date 12-Sep-16
Issue Closing Date 15-Sep-16
Application Money 100
Allotment Money
Price Band (Rs.) 850 – 860
Minimum Bid Quantity. 16
Issue Size (Shares) 10400000
Market Lot 1
Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of up to 10,400,000 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for the Equity Shares in India.

Business Description :

We are the leading global pure-play ER&D services company. (Source: Zinnov Report) We provide ER&D services, which is defined as the set of services provided to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers. We operate in a large and growing global market derived from a global corporate ER&D spend of US$1,007 billion in 2015,of which the ER&D spend of the top 500 global ER&D spending companies (“G500 ER&D spend”) was US$614 billion in2015. (Source: Zinnov Report) The estimated addressable ER&D outsourcing

opportunity for ER&D service providers wasUS$365 billion of the G500 ER&D spend in 2015. (Source: Zinnov Report) US$67 billion of the corporate ER&D spend ofUS$1,007 billion is currently addressed, which represents a penetration of 6.7% and offers potential growth opportunities.by region, we derive 80.2% of our revenues from customers in North America and Europe, which are the two largest regions of corporate ER&D spend and represented over 73% of the US$1,007 billion corporate ER&D services spend in 2015.(Source: Zinnov Report) The top 100 spenders in the G500 ER&D spend contribute 66.3% of the G500 ER&D spend and our key global customers include 43 of the top 100 global ER&D spenders, which offers significant growth opportunities for existing customer accounts. (Source: Zinnov Report)We operate in five industry segments (transportation, industrial products, telecom and hi-tech, process industry and medical devices, each of which represent a significant component of G500 ER&D spend. 50.3% of our revenue in FY 2016 was derived from the three segments of industrial products, process industry and medical devices. These three segments representUS$205 billion of G500 ER&D spend and have low penetration by India based third-party ER&D service providers, which gives us a competitive advantage. (Source: Zinnov Report)We offer design and development solutions throughout the product development chain and provide solutions in the areas of mechanical and manufacturing engineering, embedded systems, software engineering and process engineering. For “new” technologies, we provide services and solutions in the areas of product lifecycle management, engineering analytics, power electronics, M2M connectivity and IoT. We focus on innovation driven technology leadership and have set up research and test laboratories that are specific to particular industry verticals and that seek to replicate our customer’s work environment, enabling us to work very closely with the customers’ research and development teams on product innovation through leveraging our technology. We have invested in IoT, digital technologies (smart products, smart services, smart manufacturing and smart operations) and lab infrastructure to strengthen our position in these areas. Our ER&D services help customers reduce time-to-market for their end products and services, innovate to create new products and solutions, reduce cost of development and meet increasing regulatory requirements more effectively.

Lead Manager
  • DSP Merrill Lynch Ltd
  • JM Financial Institutional Securities Ltd.
  • Kotak Mahindra Capital Co Ltd
  • SBI Capital Markets Ltd

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Forthcoming IPO_RBL Bank Limited

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RBL Bank Ltd.
Issue Open Date 19-Aug-16
Issue Closing Date 23-Aug-16
Application Money 100
Allotment Money
Price Band (Rs.) 224 – 225
Minimum Bid Quantity. 65
Issue Size (Shares) 54074806
Market Lot 1
Objective :

The objects of the Fresh Issue are to augment our Bank’s Tier-I capital base to meet our Bank’s future capital requirements which are expected to arise out of growth in our Bank’s assets, primarily our Bank’s loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines. In addition, we believe that the listing of our Equity Shares will enhance our visibility and brand name among existing and potential customers.

Business Description :

We are one of India’s fastest growing private sector banks in the last six years. Our Bank has cultivated a customer-centric culture where we use our industry domain knowledge, experience and technology with the goal of satisfying the client’s complete banking needs. We offer a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises (“SMEs”), agricultural customers, retail customers and development banking & financial inclusion (low income) customers. We have been expanding our

presence across India through a growing network of branches and ATMs and upgrading our traditional delivery channels with modern technology-enabled channels like phone banking, internet banking and mobile banking. As of March 31, 2016, we had 197 interconnected branches and 362 interconnected ATMs spread across 16 Indian states and union territories serving approximately 1.90 million customers.We have a long history in India, with operations since 1943 when our Bank was incorporated as a small, regional bank in Maharashtra with two branches in Kolhapur and Sangli. In August 1959, we were categorized as a “scheduled commercial bank” within the meaning of the Reserve Bank of India Act, 1934. Though our Bank has a 73-year operating history, we have transformed ourselves in the past six years from a traditional bank into a ‘New Age’ bank while harnessing our heritage, relationships with customers and domain strengths. Our transformation commenced in 2010 during the difficult economic period following the global financial crisis as well as the economic slowdown that followed in India. Our Board and management envisioned a professionally governed and managed institution, built on the platforms of knowledge, sector expertise and technology. As part of our transformation, we focused on three pillars while laying the foundation for growth: 1) Putting in place a robust corporate governance framework and processes, including strengthening our board of directors; 2) Broad-basing our shareholder and capital base by raising institutional capital; and 3) Building our management team by attracting high quality and experienced banking professionals.As a result of this transformational journey, which started in 2010, we believe that our Bank now has: 1. a quality management team and a pool of talented and dedicated employees; 2. a strong operating platform built on the foundation of the above pillars; 3. a significantly larger new customer base as well as expanded and stronger relationships with existing customers;4. a comprehensive product suite and an enhanced customer experience;5. a multi-channel distribution network including new branches, ATMs and mobile and internet platforms;6. a robust modern technology infrastructure; and 7. a new brand identity, “RBL Bank”, backed by strong marketing and communication plans.

Lead Managers :

  • Axis Capital Ltd.
  • Citigroup Global Markets India Pvt Ltd.
  • HDFC Bank Ltd.
  • ICICI Securities Ltd
  • IDFC Securities Ltd.
  • IIFL Holdings Ltd.
  • Kotak Mahindra Capital Co Ltd
  • Morgan Stanley India Co Pvt Ltd
  • SBI Capital Markets Ltd

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Forthcoming IPO_Advanced Enzyme Technologies Limited

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Advanced Enzyme Technologies Ltd.
Issue Open Date 20-Jul-16
Issue Closing Date 22-Jul-16
Application Money 100
Allotment Money
Price Band (Rs.) 880 – 896
Minimum Bid Quantity. 16
Issue Size (Shares) 4602651
Market Lot 1
Objective :
Advanced-Enzyme-Technologies-238x178

1. Investment in Advanced Enzymes USA, our wholly owned subsidiary for repayment / pre-payment of certain loans availed by Advanced Enzymes USA; and2. General Corporate Purposes.

Business Description :

We are the largest Indian enzyme company, engaged in the research and development, manufacturing and marketing of 400+ proprietary products developed from 60 indigenous enzymes. Having more than two decades of fermentation experience in the production of enzymes, we rank among the top 15 global companies in terms of enzyme sales, and have the second highest market share domestically, next only to the world‘s largest enzyme company Novozymes. We operate in two primary business verticals namely Healthcare & Nutrition (human and animal) and Bio-Processing (food and non-food). By following critical industry trends, we focus on ensuring that our enzyme products are relevant, helping customers to meet the evolving market demands. We are a fully integrated enzyme manufacturing company driven by extensive focus on research and development (?R&D?) of various enzymes, enzyme blends, enzyme products and customized enzyme solutions. Our experienced and qualified R&D team strives to develop creative, cost-effective unique and innovative solutions, thereby enabling our customers to develop superior products and processes. We believe that our products assist our customers in making most of their resources, optimizing their processes, improving their product quality, saving their time and money while also mitigating the impact on the environment. We offer these products to our global clientele of more than 700 customers spanning presence across 50 countries worldwide. We supply these value-added and eco-safe enzyme products to diverse end-user industries like human healthcare and nutrition, animal nutrition, food processing, baking, dairy and cheese processing, fruit and vegetable processing, cereal extraction, brewing, grain processing, protein processing, oil and fat processing, biomass processing, textile processing, leather processing, paper & pulp processing, bio-fuels, bio-catalysis etc. Although we have the capability to manufacture enzymes using all the four natural origins viz. plant, animal, bacterial and fungal, our major focus is on developing enzymes through microbialfermentation. Our Promoters Mr. Chandrakant Laxminarayan Rathi and Mr. Vasant Laxminarayan Rathi have a cumulative experience of more than seven decades in the global enzyme industry and have contributed widely in our Company‘s success and growth. Under their leadership and guidance, we have been successful in creating a strong footing in the existing markets as well as expanding our presence in new and unexplored markets. Our Promoters‘ knowledge and understanding of the industry has led us to win several awards and recognitions. We were recipients of the ?Fastest Growing mid-sized companies‘‘ award organized by Inc. India in the year 2012 and 2013. In 2014, our Company was awarded the Bio-excellence award for =Best Industrial Biotech Company‘ by the department of Information Technology, Biotechnology and Science & Technology, Government of Karnataka. We were also awarded the =Most Innovative Exporter‘ award organized by Dun and Bradstreet in the year 2012, =Bio-Excellence‘ award instituted by the Department of Information Technology, Biotechnology and Science and Technology, Government of Karnataka in the Industrial Biotech Sector in the year 2010, and the =Emerging India Awards 2010‘ for Life science-Pharmaceuticals and Chemicals segment organized by ICICI Bank – Business Banking and CNBC TV18. Further, we have been recognized as a ?Star Export House? by Director General of Foreign Trade.

Lead Managers :

Axis Capital Ltd.
ICICI Securities Ltd

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Forthcoming IPO_L&T Infotech Limited

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Larsen & Toubro Infotech Ltd.
Issue Open Date 11-Jul-16 Price Band (Rs.) 705 – 710
Issue Closing Date 13-Jul-16 Minimum Bid Quantity. 20
Application Money 100 Issue Size (Shares) 17500000
Allotment Money Market Lot 1

Objective :
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of up to 17,500,000 Equity Shares by the Selling Shareholder. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders.

Business Description :

We are one of India’s global IT services and solutions companies. In 2014, NASSCOM ranked us as the sixth largest Indian IT services company in terms of export revenues. Our clients comprise some of the world’s largest and well-known organisations, including 41 of the Fortune Global 500 companies. We offer an extensive range of IT services to our clients in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace. Our range of services include application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions and platform-based solutions. We serve our clients across these industries, leveraging our domain expertise, diverse technological capabilities, wide geographical reach, an efficient global delivery model, thought partnership and “new age” digital offerings. We were incorporated in 1996 and are headquartered in Mumbai, India. We leverage the strengths and heritage of our Promoter, Larsen & Toubro Limited, a leading Indian conglomerate in engineering, construction ,manufacturing, finance and technology. The L&T group provides us with access to professionals with deep industry knowledge in the sectors in which we do business. We have also inherited from the L&T group it’s corporate and business culture and corporate governance practices, which in our view places us in good stead in relation to our business. In addition, we benefit from our “Business-to-IT Connect” model, which we derive from the commonality of business verticals with our Promoter. Our growth has been marked by significant expansion of business verticals and geographies in which we do business. Besides India, we provide services globally and the percentage of our revenue from continuing operations from North America, Europe, Asia Pacific and the rest of the world amounted to to 68.6%, 17.9%,2.4% and 6.9%, respectively. As of June 30, 2015, we had 22 Delivery Centers and 42 sales offices globally .As part of a business restructuring exercise conducted by our Promoter, all engineering services businesses of our Promoter have been consolidated under a separate subsidiary of our Promoter, LTTSL. As part of this restructuring, on January 1, 2014, we sold and transferred the assets and liabilities of our PES Business to LTTSL. Our PES Business was responsible for the operations of our telecom cluster, providing IT services and solutions to our clients in the telecommunication sector.

Lead Managers :

Barclays Bank PLC
Citigroup Global Markets India Pvt Ltd.
ICICI Securities Ltd
Kotak Mahindra Capital Co Ltd

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Forthcoming IPO_Parag Milk Foods Ltd

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Parag Milk Foods Ltd
Issue Open Date 04-May-16
Issue Closing Date 06-May-16
Application Money  
Allotment Money  
 
Price Band (Rs.) Rs.220-Rs.227
Minimum Bid Quantity. 65
Issue Size (Shares) 19,850,000 Equity Shares
Market Lot 65

Objectives :

1. To meet the capital expenditure requirements for expansion and modernisation of existing manufacturing facilities at Manchar and Palamaner;
2. Investment in Subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm;
3. Partial repayment of the Working Capital Consortium Loan; and
4. General corporate purposes.

Business Description :

Incorporated in 1992, Parag Milk Foods Ltd is Pune based dairy-based branded food producer. Company is involve in collection, distribution of milk and producing dairy-based branded consumer products including cheese, ghee, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages. All products of the company are made from cow milk.

Company’s manufacturing facilities are located at Manchar in the Pune district of Maharashtra and Palamaner in the Chittoor district of Andhra Pradesh. Company’s supply chain network includes procurement from 29 districts across Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu, through over 3,400 village level milk collection centres. Parag Milk Foods Brand and product lineup under them:

1. Gowardhan
Gowardhan brand is targeted at house-hold consumption and to be used as cooking ingredients. The products under this brand includes fresh milk, curd products (curd, trim curd and buttermilk), ghee, paneer, butter, milk powders, whey proteins, gulab jamun mix and shrikhand.

2. Go
Targeted at children and the youth generation, primarily for direct consumption. The products under this brand includes cheese products, UHT milk (go milk, go slim milk and go supremo milk), fresh milk: go kidz, fruit yoghurts in six flavours, fresh cream and beverages (lassi and buttermilk in two flavours).

3. Pride of Cows
Farm-to-home concept of milk, directly delivered from the farm to a consumer’s door-step, through a subscription model. Targeted at household consumers seeking premium quality cow’s milk. The product include under this brand is cow milk.

4. Topp Up
Targeted at the youth generation and travellers as a source of instant nourishment. The products under this brand includes flavoured milk in six flavours.

Competitive Strengths:

1. Well Established Brands Targeting a Range of Consumer Groups
2. Integrated Business Model
3. Diversified Product Portfolio and Customer Base
4. Growing Pan-India Distribution Network
5. Established Track Record of Growth and Financial Performance
6. Experienced Senior Management

Parag Milk IPO Lead Manager(s)

          
For further details & apply online

Forthcoming IPO_Ujjivan Financial Services Ltd

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Ujjivan Financial Services Ltd
Issue Open Date 28-Apr-16
Issue Closing Date 02-May-16
Application Money  
Allotment Money  
 
Price Band (Rs.) Rs.207-Rs.210
Minimum Bid Quantity. 70
Issue Size (Shares) 42,270,760 Equity Shares
Market Lot 70

Objectives :

1. Augmenting capital base to meet future capital requirements
2. General corporate purpose.

 

Business Description :

Incorporated in 2005, Ujjivan Financial Services Ltd is an Indian microfinance services company primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. They also offer individual loans to Micro & Small Enterprises (“MSEs”).

They offers group loans and individual loan as per their customer requirements. That include agricultural, education, home improvement, home purchase and livestock loans. In addition to loan products, they also provide non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Baja Allianz Life Insurance, Kotak Mahindra Life Insurance, and HDFC Life Insurance Company Ltd.

Ujjivan Financial operations is spread across 24 states and union territories, and 209 districts across India. serve over 2.77 million active customers through our 469 branches and 7,786 employees.

Ujjivan Financial Services IPO Lead Manager(s) :

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Forthcoming IPO_Thyrocare Technologies Ltd

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Thyrocare Technologies Ltd
Issue Open Date 27-Apr-16
Issue Closing Date 29-Apr-16
Application Money
Allotment Money
Price Band (Rs.) 420-446
Minimum Bid Quantity. 33
Issue Size (Shares) 10,744,708
Market Lot 33

Objectives :

The object of the issue are:

1. Achieve the benefits of listing the Equity Shares on the BSE and the NSE; and
2. Carry out the sale of up to 10,744,708 Equity Shares by the Selling Shareholders..

Business Description :

Incorporated in 2000, Thyrocare Technologie Ltd is one of the leading pan-India diagnostic chains and conduct an array of medical diagnostic tests and profiles of tests that helps in early detection and management of disorders and diseases.

They are India’s first fully automated diagnostic laboratory having its strong presence in more than 2000 cities / towns in India and internationally. As of November 30, 2015, they offered 192 tests and 54 profiles of tests to detect a number of disorders, including thyroid disorders, growth disorders, metabolism disorders, auto-immunity, diabetes, anemia, cardiovascular disorders, infertility and various infectious diseases.

Their laboratory process over 30,000 sample and above 1 lakh investigations every day. Their profiles of tests include 17 profiles of tests administered under their ‘Aarogyam’ brand. Through wholly owned subsidiary, NHL, they operate a network of molecular imaging centers in New Delhi, Navi Mumbai and Hyderabad, focused on early and effective cancer monitoring.

Thyrocare Technologies IPO Lead Manager(s)

For further details & apply online