ICICI Prudential AMC, INOX Clean Energy among 5 companies that filed IPO papers last week: Full list
ICICI Prudential Asset Management Company (AMC), a subsidiary of ICICI Bank, filed preliminary papers with capital markets regulator Sebi to seek approval to launch an initial public offering (IPO). The proposed IPO comprises an offer for sale (OFS) of 1.76 crore equity shares by promoter — UK-based Prudential Corporation Holdings, with no fresh issue component.
Orient Cables (India) Ltd filed preliminary papers with capital markets regulator Sebi seeking its approval to raise Rs 700 crore through an initial public offering (IPO). As per PTI, the public offer comprises both a fresh issue and an Offer for Sale (OFS) by promoters. The fresh issue consists of equity shares worth Rs 320 crore, while the OFS comprises equity shares aggregating to Rs 380 crore, taking the total offer size to Rs 700 crore, according to the draft red herring prospectus (DRHP).
INOX Clean Energy has confidentially filed draft papers with markets regulator Sebi to raise Rs 6,000 crore through an Initial Public Offering (IPO), reports PTI. According to the report, this could potentially become the largest Indian IPO in the clean energy and renewables sector. The company is engaged in the business of developing and operating renewable energy projects as well as manufacturing solar cells and modules through its subsidiaries INOX Neo Energies and INOX Solar.
Aggcon Equipments International Ltd filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Haryana-based company plans to raise Rs 332 crore through fresh issuance of equity shares, besides, promoters would sell 94 lakh shares under the offer-for-sale, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issue to the tune of Rs 168 crore would be used for payment of debt, Rs 84 crore for purchase of equipment and a portion would be used for general corporate purposes, reports PTI.
Ethnic fashion player Kiaasa Retail on Friday said it has filed its preliminary papers with BSE's SME platform to raise funds through an Initial Public Offering (IPO). According to PTI, the IPO is entirely a fresh issue of up to 55 lakh equity shares. Expert Global Consultants is the sole book running lead manager while Purva Sharegistry (India) Pvt Ltd is the registrar for the IPO.
(With inputs from PTI)
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