Category: IPO Watch

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IPO Watch

Two IPOs will be launched next week, raising about Rs 2,500 crore in total.

This follows the initial public offerings (IPOs) of five companies last month: Shyam Metalics and Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy, and Indian Pesticides. These companies raised a total of Rs 9,923 crore through public offerings.

Clean Science and Technology and GR Infraprojects’ three-day initial public offerings (IPOs) will begin on July 7 and end on July 9. The bidding for key investors will begin on July 6, according to data from exchanges.

Through IPOs, the two companies would raise a total of Rs 2,510 crore. The firms’ shares will be traded on the BSE and the NSE.The Rs 1,546.62-crore IPO of Clean Science and Technology is wholly an offer for sale (OFS) by current owners and other shareholders.

For its initial public offering, a speciality chemical producer has set a price range of Rs 880-900 per share. Functionally essential speciality chemicals, such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals, are manufactured by Clean Science Technology. Customers employ its goods as crucial starting materials, inhibitors, or additives in their products.

The public offering of GR Infraprojects will be a full OFS of 1,15,08,704 equity shares by promoters and investor selling stockholders. Employee reservations are also included in the package. The IPO of GR Infraprojects, which has set a price range of Rs 828-837 per share, is expected to raise Rs 963.28 crore at the top end of the pricing range.

Source: Economic times

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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.

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ipo IPO Watch

IPO Stocks to Keep an Eye on in June

Squarespace(ticker: SQSP), a website builder, was the most high-profile listing in May. . Although the corporation’s initial public offering (IPO) was technically a direct listing rather than a typical IPO, the shares began trading on May 19. Squarespace’s price has risen approximately 17% so far.

The IPO boom is anticipated to remain in June and beyond, according to investors. Here are five initial public offerings to keep an eye on:

  • dLocal (DLO)
  • Krispy Kreme (DNUT)
  • Authentic Brands
  • Couchbase
  • Robinhood

dLocal (DLO)

dLocal, a payments startup, is part of a wave of digital payments companies that are going public. In late May, Paymentus Holdings (PAY) and Flywire Corp. (FLYW) completed their first public offerings. In addition, Marqeta (MQ) has filed to go public next week.

dLocal reported $104.1 million in revenue in 2020 in its IPO filings, up 89 percent over 2019. It also made a profit of $28.2 million last year, in stark contrast to many IPO growth stocks, which are losing money.On June 3, shares began trading on the Nasdaq. The payment startup raised $617.7 million in its initial public offering, which opened at $31 per share.

Krispy Kreme (DNUT)

Krispy Kreme, a doughnut company, said on May 4 that it has filed secret documents to execute an IPO. Krispy Kreme is aiming to re-enter the public market after its initial public offering (IPO) in 2000 ended in a Chapter 11 bankruptcy barely five years later.

Investors are hoping that the value of Krispy Kreme has increased since 2016. Dunkin’ Brands, a competitor, was taken private in 2020 for $8.76 billion.

Authentic Brands

Authentic Brands filed for an IPO in secret on May 26 and is aiming for a $10 billion valuation, according to Women’s Wear Daily. The data appears to back up an earlier Bloomberg report claiming that Authentic Brands is considering an IPO.

According to CNBC, Authentic Brands was estimated at between $4 billion and $5 billion in its most recent fundraising round in 2019.

Couchbase

According to insiders acquainted with the situation, Couchbase might be worth up to $3 billion. Cisco Systems (CSCO), Intuit (INTU), and PayPal Holdings are among the company’s high-profile customers, generating more than $100 million in annual revenue (PYPL).

Couchbase has been planning an initial public offering (IPO) since 2016. The company has been quiet about its anticipated IPO in recent months, but the March filing indicates that a formal announcement might happen at any time.

Robinhood

The past few years have been tremendously profitable for Robinhood, but they have also been marred by controversy. After the Reddit WallStreetBets community staged targeted short squeezes, Robinhood briefly suspended trading in GameStop Corp. (GME) and other so-called “meme” stocks, CEO Vlad Tenev was called to testify before Congress.

Tenev stated in his statement that Robinhood has over 13 million consumers. In 2020 and early 2021, a retail stock trading boom fueled Robinhood’s exponential growth. According to TechCrunch, the company’s payment for order flow revenue climbed from around $90 million in the first quarter of 2020 to around $220 million in the fourth quarter.

Source: money.usnews.com

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IPO Watch

OZZ Resources launches $5m gold IPO with five WA Projects, Pledges tight register

Money bag with the word IPO (Initial public offering; stock market launch) and a calculator. The first public sale of shares of a joint stock company. Business and finance concept

Chairman Alan Lockett, formerly of Olympia Resources and credited with the discovery of the now-mined Hart Range garnet deposit in the Northern Territory, and managing director Jonathon Lea, formerly of Polaris Metals and who has also been involved in the development of several gold projects in Western Australia, are at the helm of the company.

Following the offering, Mr. Lea believes shareholders may expect a highly busy exploration agenda. “Shareholders may expect a thorough, targeted, and systematic exploration effort across our core properties, as well as frequent news flow,” says the company. He went on to say that the corporation would retain strict financial discipline and expense management. A total of 25 million shares are being offered at a price of $0.20 per share, with the offer set to end on May 28.

By mid-June, OZZ hopes to be listed on the ASX. For the second half of 2021, a multi-pronged exploration campaign is planned, with drilling approvals already in place for Maguires Reward, where 5,000 metres of reverse circulation drilling will begin next month. In the meanwhile, at the Rabbit Bore and Petewangy projects, OZZ will conduct an airborne electromagnetic survey. Rabbit Bore has a 5km strike length of promising shear zones under cover, with anomalous copper, nickel, and cobalt found in soil sampling.

(Source: Morningstar)

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ipo IPO Watch

Following Over Subscribed IPO, Resource Base to Acquire Black Range Metal Project

Black Range Acquisition

Following the completion of an initial public offering (IPO) and planned relisting on the Australian Securities Exchange, junior minerals company Resource Base will pursue an aggressive exploration campaign at the potential Black Range base metals property in northwest Victoria.

In February, Resource Base obtained a conditional right to purchase Black Range from its present owner, Navarre Minerals (ASX: NML). The firms reached a definitive agreement under which Navarre will dispose the non-core asset in exchange for $1.52 million in Resource Base shares upon listing.

A second tranche of 2.5 million shares will be awarded to Navarre upon the announcement of a JORC resource of 100,000 tonnes within five years, and a third 6 million share tranche will be issued upon the delivery of the project’s comprehensive feasibility study.

Eclipse Prospect

After the acquisition is completed, Resource Base will conduct exploration, pre-feasibility studies, and bankable feasibility studies on the project to show the commercial viability of a mining operation.

The Eclipse opportunity, which sits in the Stavely corridor and is considered prospective for volcanic-hosted massive sulphide mineralisation, is Resource Base’s priority objective within the project.

The first two years as a public business will also include evaluating fresh exploration and acquisition prospects, as well as completing studies for near-term copper and gold production.

“The company will also consider further merger and acquisition activity where appropriate, with a view to growing the company and creating further value for shareholders.”

Company Profile

Resource Base Limited is a mineral exploration company focused on the acquisition and development of highly prospective exploration projects with demonstrated potential for scalable discoveries.

(Source: Small Caps)

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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.

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IPO Watch

Dodla Dairy is trading at a premium of 28% above the issue price.

Bids for 38,80,64,950 shares were received, that was 45.62 times the offer size of 85,07,569 shares. The shares reserved for non-institutional investors were subscribed 73.26 times, while the quota reserved for qualified institutional buyers (QIBs) was subscribed 84.88 times. Retail individual investors (RIIs) received 11.33 times the number of shares offered.

Dodla Dairy Capacity

As of March 31, 2021, the dairy owner purchased an average of 1.03 million litres of raw milk per day (MLPD). It operates 13 production plants with a total installed capacity of 1.70 million metric tonnes per day. In addition, it operates two skimmed milk powder (SMP) facilities in Nellore and Vedasandur, with installed capacities of 15,000 and 10,000 kg per day, separately.

Dodla’s revenues increased by 16 percent yearly and its Ebitda increased by 12 percent annually between FY18 and FY20. During the same time period, profit after tax (PAT) declined by 6% yearly. In the first nine months of FY20, value products accounted for 24.68 percent of total sales, down from 27.18 percent in FY20.

Analyst View

However, the Ebitda margin for the nine-month period increased to 14.6% from 6.7% in FY20. Analysts predicted that the corporation would struggle to maintain such strong margins, which were achieved through cost-cutting initiatives. The management has also advocated for a return to normal margins.

Source: Economictimes

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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.

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IPO Watch

NTPC is considering an initial public offering of its renewable energy division to obtain revenue for its green goals.

The National Thermal Power Corporation (NTPC) plans to build 60 GW of renewable energy capacity.By 2032, the country’s largest power generator wants to reduce its net energy efficiency by 10%.

NTPC Chairman and Managing Director  Gurdeep Singh at the virtual BloombergNEF Summit:-

We should not concentrate our efforts solely on one method of generating financing. We intend to go public with our fundraising efforts as soon as possible. Singh was speaking about obtaining funding for NTPC’s ambitious renewable energy objective, stressing that the business would add 7-8 GW of RE each year, which he said would not be a difficult undertaking. He exuded confidence that NTPC would surpass its aim of 60GW of renewable energy by 2032.

He also mentioned that blended finance might be utilised to fund the capacity expansion, as well as building assets and enlisting the help of other investors to accomplish green energy ambitions. In October of last year, state-owned NTPC formed NTPC Renewable Energy Ltd, a wholly-owned subsidiary for its renewable energy sector.

Company Profile

NTPC Ltd is an Indian state-owned electric utility company. It is the largest power producer in India and supplies a significant amount of the nation’s total needs. The company primarily generates revenue through the sale of electricity to state-owned Indian power distribution companies from its stations throughout the country. NTPC also brings in a significant amount of revenue through its consultancy wing, which provides engineering and project management services to the utility industry. While the vast majority of its facilities use coal and gas fuel sources, NTPC has also increased its capacity through renewable energy sources, such as hydroelectric, solar, and thermal power, and plans to continue this trend going forward.

Source: – Economictimes

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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.

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IPO Watch

Exxaro Tiles receives approval from the Sebi to launch an initial public offering

According to a Sebi update issued on Monday, Exxaro Tiles, which filed preliminary IPO papers with the regulator in March, has received the regulator’s comments. The Sebi’s comments are required for public offerings such as initial public offerings (IPOs), follow-on public offerings (FPOs), and rights issues.
According to the DRHP, the Gujarat-based business may seek a pre-IPO sale of up to 22 lakh equity shares for cash consideration in conjunction with the merchant banker. The pre-IPO transaction will result in a reduction in the volume of equity shares issued compared to the new issuance.
The company expects to raise Rs 150-160 crore from the IPO, according to market sources. The funds from the new issue will be used to repay or prepay debt, support working capital needs, and for other general company reasons.
About Exxaro
Exxaro Tiles, founded by Mukeshkumar Patel, Dineshbhai Patel, Rameshbhai Patel, and Kirankumar Patel, specialises in the production and distributing of vitrified tiles, which are primarily utilised for flooring solutions in the domestic and industrial sectors. It presently has a dealer network of approximately 2,000 people spread over 27 states.

Source:- Economictimes

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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.

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IPO Watch

SEBI has put the IPOs of GoAir and Aditya Birla MF on hold.

According to Sebi’s most recent reports on the status of offer documents filed for public fund-raising, its observations on Aditya Birla MF’s offer document were “held in suspension.” Sebi cited the same grounds for rejecting GoAir’s IPO. If a firm or its group companies are the subject of a regulatory enquiry, Sebi normally holds off on giving its approval to a fund-raising strategy.

Sebi is reviewing GoAir’s group firm Bombay Dyeing for financial irregularities and fraud linked to a contract between Bombay Dyeing and SCAL Services, according to the IPO paperwork. An investigation began when one of Bombay Dyeing’s shareholders filed a complaint. GoAir filed a draught prospectus with the Sebi in May to fundraise Rs 3,600 crore.

Two of Aditya Birla MF’s sponsors, Aditya Birla Capital and the Indian branch of Sun Life Group of Canada, planned to offer 3.9 crore shares of the business to cut their joint interest by around 13.5 percent.

Sebi is apparently looking into a series of transactions between Aditya Birla Finance, a fund house’s group firm that has filed for an IPO, and CG Power’s backers, the Thapar family. The agreements were made in 2016.

Source: economictimes

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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.

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IPO Watch

Since its IPO, shares of Aussie Broadband (ASX:ABB) have increased by about 50%.

The corporation is likely to outperform its FY21 prospectus prediction. In its brochure, Aussie Broadband indicated that its standardised EBITDA for FY21 would be $12.3 million. The costs associated with the company’s first public offering are excluded from normalised EBITDA (IPO).

Aussie Broadband now estimates standardised EBITDA for the entire year to be between $17 million and $20 million, following two upgrades — one in the half-year report and the other in late May. This might put you 63 percent ahead of the prospectus.

Significantly higher rates of growth in the retail and business areas, as well as good cost control and marketing rebates, are credited with the improvements. One potential flaw in that estimate is that it only thinks Victoria’s May snap lockout will last one week, when it was later extended for a second week. Due to increased broadband consumption, Aussie Broadband’s costs tend to rise during certain times. It’s unclear how much of an impact this will have on the company’s full-year EBITDA.

About Aussie Broadband

Aussie Broadband Ltd is a telecommunications company. It provides NBN subscription plans and bundles to residential homes, small businesses, not-for-profits, corporate/enterprise and managed service providers. The company services all states and territories in Australia.

Source: MSN

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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.

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IPO Watch

ASX welcomed three new IPOs

“With a total identifiable 1.1 million ounce JORC Mineral Wealth platform and 100% ownership of the area’s only gold mill, our goals are to illustrate the actual capabilities of this property package and maximise lengthy business value,” stated managing director Alexander Scanlon.

Wilson Asset Management Strategic Value (ASX:WAR)

This is the eighth LIC handled by Wilson and the second to list since COVID-19, following Salter Brothers’ listing earlier this month. It will, according to Wilson, benefit from the ability that the market has mispriced.

WAM Strategic Value seeks to produce exceptional risk-adjusted returns from a portfolio predominantly comprised of discounted asset opportunities identified utilising the established market-driven investment process we have created over the last two decades,” the company said in a statement to shareholders on Friday.

Camplify (ASX:CHL)

Campervan and motorhome renting community focused on the Australia and UK markets, completed the trio of new ASX IPOs that debuted today. Camplify went public after raising $11.5 million and reporting that its initial public offering (IPO) was almost four times oversubscribed, with customers being urged to acquire shares in the IPO and strongly supporting it. It is also supported by Apollo Tourism and Leisure (ASX:ATL), one of the ASX’s few other caravan specialists, who invested in the company in 2017 and now has a 17.8% share.

Source: MSN

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.