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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

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.

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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

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.

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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)

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.