IPO: The initial share sale of wine-maker Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12.
Image Credit source: Hindustan
IPO Launch in Next Week: Next week, IPO is going to come out in the stock market for the earnings of the investors. Investors have a tremendous opportunity to earn from 3 IPOs. Companies have plans to raise Rs 1858 crore from these three IPOs. All these three IPOs belong to different sectors. Apart from these IPOs, the shares of Uniparts India are going to be listed in the market next week itself. The initial share sale of wine maker Sula Vineyards and the financial services arm of the Abans Group Abans Holdings will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data from stock exchanges showed. In the month of November, 10 companies had presented their IPOs.
So far in 2022, 33 companies have raised more than Rs 55,000 crore with their IPOs. According to statistics, in 2021, 63 IPOs have raised more than Rs 1.19 lakh crore. Ankit Yadav, founder and director of Market Maestro, said that all the three IPOs are coming at the time of increase in interest rates. In a generally low rate scenario where borrowing is easy, an IPO is a wealth creation opportunity. So in today’s high rates, the businesses that are going to IPO have to be fundamentally top notch.
The IPO of Sula Vineyards will be an Offer for Sale (OFS) of an aggregate of 26,900,532 equity shares by promoters, investors and other shareholders as a whole. Those selling shares through the OFS route include promoter, founder and CEO Rajeev Samant and investors such as Cofintra, Haystack Investments Ltd., SAMA Capital III, Ltd., SWIP Holdings Ltd., Verlinvest SA and Verlinvest France SA.
This is the business of Sula Vineyards
The company has fixed a price band of Rs 340-357 per share for its IPO. The public issue at the upper end of the price band is expected to fetch Rs 960.35 crore. Sula Vineyards is recognized as the market leader in all wine variants including red, white and sparkling wine. The company distributes wines under a bouquet of popular brands such as Sula (its flagship brand), RASA, Dindori, The Source, Satori, Madera and Diya.
Aban Holdings
It is a financial services company. Its IPO will also be launched on 12 December. Through this, the company plans to raise Rs 345 crore. In this, you will be able to bid till 15 December. This IPO will be a mix of new shares and OFS. Its price band is Rs 256-270. The biggest part of this IPO or 60 percent is reserved for retail investors.
The company operates as a diversified global financial services business, providing Non-Banking Financial Company (NBFC) services, global institutional trading in equities, commodities and foreign exchange, private client stockbroking, depository services and asset management services, among others. Provides to Corporates. It currently has active businesses in six countries – UK, Singapore, UAE, China, Mauritius and India.
landmark cars
The IPO of the automobile service provider company is worth Rs 552 crore. It will open on December 13 and will be open for bidding till December 15. Its price band is Rs 481-506. There are fresh shares worth Rs 150 crore in this IPO. At the same time, shares worth Rs 402 crore will be issued through OFS. Only 15 percent of the share in the IPO is reserved for NII. Let us tell you that Landmark Cars has dealerships of passenger vehicles like Mercedes Benz, Volkswagen, Honda and Renault. Along with this, it also has a dealership of commercial vehicle company Ashok Leyland.
English News Headline : Three IPOs worth crores of rupees will come in the stock market next week.
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