Bandhan Bank gets regulator’s Nod For Rs 2500 Cr IPO

Bandhan Bank Limited, an Indian banking & financial services company headquartered in Kolkata, on Monday filed the draft red herring prospects  (DRHP) with  market regular Sebi, for its proposed IPO of up to 119,280,494 equity shares of face value of Rs 10/- each.

As per the DRHP, the Bandhan Bank's IPO comprises a fresh issue of up to 97,663,910 equity shares and offer for sale  (OFS) of up to 14,050,780 shares by International Finance Corpn (IFC) and up to 7,565,804 shares by IFC FIG Investment Company, the Bank said in a statement.

The equity shares are expected to be listed on the NSE and the BSE. The IPO is considered to be the biggest banking sector offer till date.

Kotak Mahindra Capital Co Ltd, JM Financial Institutional Securities Ltd, Goldman Sachs(India) Securities Pvt Ltd, Axis Capital Ltd and JP Morgan(India) Pvt Ltd are the book-running lead managers to the public Offer.

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Amber Enterprises to launch Rs. 555 crore IPO on 17 January

Amber Enterprises India Ltd, a prominent solution provider for Air conditioner Industry in India, on Wednesday said it will launch a Rs. 555 crore IPO on 17 January. The company has priced its shares ranging Rs. 855 - 859 per share, which comprises a fresh issue of shares of Rs. 450 crore and an offer for sale of shares of Rs. 105 by promoters of the firm Jasbir Singh & Daljit Singh. The offering closes on 19 January.

In the fiscal 2016-17, Amber Enterprises India Limited’s posted revenue of Rs. 1652.20 cr, up from Rs. 1092.10 cr, in the previous year. The company earned a profit of Rs. 27.8 cr, up from Rs. 24.1 cr, in the previous year.

Investment banks Edelweiss Fin Services Ltd, SBI Capital Markets, IDFC Bank Ltd and BNP Paribas are managing the share sale.

Apollo Micro Systems Limited’s IPO opens on January 10

Apollo Micro Systems Ltd, a Hyderabad-based company, offering integrated solutions to the aerospace, defense-space, home land security and transportation sectors, on Thursday announced that it will launch its Rs. 156 core IPO on 10 January.

This Initial Public Offer will be the first one to be launched in 2018. The company has set a price band of Rs. 270 to 275 per share for the offer. The IPO will close on 12 January.

In the financial year 2017, the company reported revenue of Rs. 211.8 crore, up 33 percent from the previous fiscal.

In the year 2017, the Indian primary market has seen 36 Initial public offers with companies raising a record Rs. 67,147 crore, as per data from the Prime Database.