Category: IPO Watch

The share sale will value the company at as much as $7.1 billion, giving Nayar and her family a combined net worth of about $3.5 billion if it meets the target. FSN E-Commerce Ventures, the formal entity that operates Nykaa, on Friday set a range of Rs. 1,085 – Rs. 1,125 a share. 

Nykaa was promoted by former Kotak investment banking head honcho, Falguni Nayar. The promoter and the family trusts will also participate in the OFS, but will continue to remain majority shareholders post the IPO. Nykaa offers a digital platform to sell beauty and fashion care products as well as apparel and accessories of marquee brands.

Summary of Financial Information (Restated Consolidated)

Nykaa had filed a draft prospectus for its IPO in August this year. The upcoming IPO includes a fresh issue of shares worth Rs 630 crore and an offer for sale (OFS) which will see existing investors offload up to 4.197 crore equity shares, according to the final prospectus. 

The online retailer posted a net profit of Rs 62 crore in FY21 compared to a loss of Rs 16.3 crore in FY20. Nykaa’s total income stood at Rs 2,452.6 crore in FY21, a 37.9% growth from Rs 1,777.8 crore in FY20. Its expenses stood at Rs 2,377.2 crore in FY21, a 32.7% increase from Rs 1,790.2 crore in FY20.

Opening date of the IPO is 28^th October 2021 and closing date for the IPO is 1^st November 2021. Issue type is Book Built Issue IPO. Nykaa has a face value of Rs. 1 per equity share. Nykaa IPO is a main-board IPO of equity shares of the face value of ₹1 aggregating up to ₹5,351.92 Crores. Listing date of IPO is on 11^th November 2021.

The main-board IPO of equity share 41,972,660 offered for sale is aggregating up to Rs. 4,721.92 Crores. Pre-issue shares holding for the promoters is 54.22% while Post-issue shares holding for the promoters is 52.56%.

Leading managers of Nykaa IPO are BoFA Securities India Limited, Citigroup Global Market India Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd. Lead manager reports performance tracker and list of IPOs handling 

IPO Lot Size

The Nykaa IPO market lot size is 12 shares. A retail-individual investor can apply for up to 14 lots (168 shares or ₹189,000).

Company Profile 

Nykaa is an operator of an e-commerce portal designed to sell cosmetics and beauty products online. The Company sells branded products under the categories of skincare, makeup, luxury products, fragrance, hair care, bath and body products for men and women, enabling customers to choose from a wide range of offers and discounts on all beauty, makeup and wellness products across the brands.

(Source: Financial Express, Mint.com)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

The Paras Defence and Space Technologies IPO market lot size was 85 shares with a price brand of Rs. 165-175 per share. A retail-individual investor can apply for up to 13 lots (1105 shares or ₹193,375).The face value for each share is Rs. 10 per share and is listed on both BSE and NSE.

Paras Defence IPO Shares offer:

Paras Defence IPO Reservation:

Objects of the Issue:

• Fund capital expenditure requirements.
• Funding incremental working capital requirements.
• Repayment or prepayment of all or a portion of certain borrowings/outstanding loan facilities availed by the company.
• General Corporate purposes.

Summary of Financial Statement (Restated Consolidated)

Paras Defence and Space Technologies IPO Subscription Status (Bidding Detail)

The Paras Defence and Space Technologies IPO was subscribed 304.26 times on Sep 23, 2021. The quota reserved for qualified institutional buyers category was subscribed about 170 times, the non-institutional investors’ quota 927.70 times and retail individual investors’ (RIIs) portion 113 times.

Paras Defence and Space Technologies shares had a blockbuster debut on the bourses on October 1, rising 185 percent to Rs 498.75 from its issue price of Rs 175 on the BSE.  Since it was a 5 percent rise from the opening price of Rs 475, the share got locked in upper circuit.

Company Profile

Paras Defence and Space Technologies are primarily engaged in the designing, developing, manufacturing, and testing of a variety of defense and space engineering products and solutions. The company has five major product category offerings – Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. Paras Defence and Space Technologies is the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defense and space programs. The company also delivers customized turnkey projects in the defense segment. The company has partnered with some of the leading technology companies around the world to indigenize advanced technologies in the defense and space sectors for the Indian market.

The company has 2 manufacturing plants in Maharashtra and is in the process of expanding its current manufacturing facility at Nerul in Navi Mumbai.

(Source: https://parasdefence.com/,)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

At the issue price, the company commanded a market capitalisation of Rs 10,823 crore and was valued at an EV/ EBITDA of 62.39.

It was subscribed 116.71 times, with qualified institutional buyer (QIB) category being subscribed 95.27 times, non-institutional investors 213.06 times, and retail individual investors 39.51 times. 

On 16^th August 2021, Monday, the shares of Devyani International got listed on BSE at Rs. 141 at 56.66 per cent premium and on NSE, it got debuted at Rs. 140.90, up by 56.55 per cent.

In FY21, Devyani’s business from the core brands (India & Internationally) contributed 94.19 per cent to its revenues from operations. Delivery sales represented 70.20 per cent of revenues in FY21 in comparison to 51.15 per cent in FY20.

The company opened 40-50 stores across its brands in the last 2-3 quarters and expects to sustain this momentum. It also opened 43 stores in June quarter and 109 stores across core brands in the second half of FY21.

Company Profile

Devyani International is an associate company of RJ Corp, which is the largest bottling partner of food and beverages (F&B) major PepsiCo. It has interests in the Indian retail F&B sector. The company is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee. The company operates 284 KFC stores, 317 Pizza Hut stores, and 44 Costa Coffee stores in India as of June 30, 2021. The company also owns brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar and has operations in Nigeria and Nepal.

(Source: Economic Times, Financial Express)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

Sapphire Foods’ initial public offering (IPO) consists of 1,75,69,941 equity shares and is a full offer for sale by shareholders. QSR Management Trust (QMT) owns 8.5 lakh equity shares, Sapphire Foods Mauritius owns 55,69,533 equity shares, and WWD RUBY owns 48,46,706 equity shares, Amethyst has 39,61,737 equity shares, AAJV Investment Trust has 80,169 equity shares, Edelweiss Crossover Opportunities Fund has 16,15,569 equity shares, and Edelweiss Crossover Opportunities Fund – Series II has 6,46,227 equity shares.

Sapphire Foods’ potential IPO was initially reported by Moneycontrol on December 17. Sapphire Foods, which is backed by Samara Capital, raised Rs 1,150 crore from private equity investors Creador, NewQuest Capital Partners, and TR Capital earlier this week. As of March 2021, Sapphire Foods runs 437 restaurants in India, Sri Lanka, and the Maldives under the KFC, Pizza Hut, and Taco Bell brands. Investors such as Samara Capital affiliates, Goldman Sachs, CX Partners, Creador, and Edelweiss are backing an omnichannel restaurant operator.

Due to the increased demand for delivery and takeaway services as a result of the Covid-19 outbreak, and depending on market dynamics and adjacent catchments, the company is contemplating smaller formats for new restaurants in order to cut down on one of the company’s biggest expenses – rent. 

Colonel Harland D Sanders started KFC in Corbin, Kentucky, in 1939; the first Pizza Hut restaurant opened in Wichita, Kansas, in 1958; and the first Taco Bell restaurant opened in Downey, California, in 1962. YUM! and its franchisees operated more than 50,000 locations worldwide as of December 31, 2020.

The book running lead managers for Sapphire Foods’ IPO are JM Financial, BofA Securities India, ICICI Securities, and IIFL Securities. Devyani International, another KFC, Pizza Hut, and Costa Coffee quick service restaurant operator, recently collected Rs 1,838 crore through a public offering that was oversubscribed 116.7 times.

Company Profile 

SAPPHIRE FOODS INDIA PRIVATE LIMITED COMPANY, is an entity incorporated on 10 November 2009 under Ministry of Corporate Affairs (MCA). SAPPHIRE FOODS INDIA PRIVATE LIMITED COMPANY is also an entity listed under Class as a Private organization having Registration Number for the Company or Limited Liability Partnership as 197005. SAPPHIRE FOODS INDIA PRIVATE LIMITED COMPANY is a Non-govt company and further SAPPHIRE FOODS INDIA PRIVATE LIMITED COMPANY is Classified as a Company limited by Shares. The concerned entity is incorporated and registered under its relevant statute by the Registrar of Companies (i.e. R.O.C), RoC-Mumbai. The official address for the Registered office of the organization in question i.e. SAPPHIRE FOODS INDIA PRIVATE LIMITED COMPANY is 131, 13th Floor Free Press House Building Mumbai Mumbai City MH 400021 IN.

(Source: Fact Set)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.