IPO of Sintercom India open :: Free stock tips

Sintercom India Limited which is engaged in the business of manufacturing sintered metal automotive components of engines, announced date for its upcoming SME IPO in India. The issue will start from 5 Feb, 2018 and will close on 7 Feb, 2018. The total issue size is 65,46,000 equity shares.

The price band is Rs 63 to Rs 65 per equity share while offer size is Rs 42.55 crore. The face value of this public offer is 10 per share and will be listed on National Stock Exchange platform.

The minimum bid lot is 2000 equity shares and its multiples thereafter. The IPO of 65,46,000 equity shares consists of a fresh issue of 30,16,000 equity shares and an OFS upto 10,31,213 equity shares by Victora Stock Invest P. Ltd  and up to 24,98,787 equity shares by Maurill Industries Ltd.

Barbeque Nation Hospitality Float an IPO of 700 cr

Barbeque Nation Hospitality Ltd which owns and runs a chain of casual dining restaurants throughout India under the Barbeque-Nation brand name, has received markets regulator’s nod to raise an estimated Rs. 700 crore through initial public offering (IPO).

The IPO comprises fresh issue of shares worth Rs. 200 crore and an offer for sale of up to 61,79,000 equity shares, as per the DRHP, filed by the company. The offer consists of a reservation of upto 1.5 lakh equity shares for the company’s employees.

Barbeque Nation Hospitality has signed IIFL Holdings, Jefferies India, Edelweiss Financial Services and SBI Capital Markets for the book running lead managers to the issue. 

With the IPO markets picking up momentum after an engaging year 2017 for IPOs, the markets are set to salute big IPOs of companies including Reliance General Insurance Company, Hindustan Aeronautics Limited, IRCTC, Barbeque Nation Hospitality and HG Infra Engineering among others.   

Newgen Software launches Rs. 400 crore IPO on 16 January

Newgen Software Technologies Limited has said that it will launch an initial public offering (IPO) on 16 January to raise over Rs. 400 crore. The company has fixed a price band of Rs. 240-245 per share. The IPO comprises a fresh issue of shares worth Rs. 95 crore and an OFS of 13.45 million shares by existing venture capital investors. The IPO closes on 18 January. At the upper end of the price band, the offer will collectively bring in the company and the exiting investors around Rs. 424.6 crore.

Venture capital investors sell their stakes include Ascent Capital, IDG Ventures and SAP Ventures. Ascent Capital is selling its entire 11.42% stake in Newgen, while IDG is selling 4.57% and SAP Ventures’ 3.31%.

Investment banks ICICI Securities Ltd, IDFC Bank Ltd and Jefferies India Pvt Ltd are managing the Newgen share sale.  Newgen Software Technologies’ IPO will be the second initial share sale this year.