SME IPO & Main Board https://ipowhisky.com/ Cheers! to your next 21% Tue, 12 Sep 2023 07:55:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://ipowhisky.com/wp-content/uploads/2023/07/cropped-Site-Icon-512X512-IPO-whisky-32x32.png SME IPO & Main Board https://ipowhisky.com/ 32 32 Strong Demand: EMS IPO Oversubscribed 15.03x, Retail Portion at 16.59x on Day 2​ https://ipowhisky.com/ems-ipo-oversubscribed/ Tue, 12 Sep 2023 06:36:38 +0000 https://ipowhisky.com/?p=5343 Strong Demand: EMS IPO Oversubscribed 15.03x, Retail Portion at 16.59x on Day 2​ The EMS IPO continued to generate significant interest from investors on its second day of bidding, September 11, with a substantial demand surge. Investors eagerly snapped up 16.21 crore shares, a remarkable 15.03 times oversubscription compared to the IPO’s initial size of 1.07 crore […]

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Strong Demand: EMS IPO Oversubscribed 15.03x, Retail Portion at 16.59x on Day 2​

The EMS IPO continued to generate significant interest from investors on its second day of bidding, September 11, with a substantial demand surge. Investors eagerly snapped up 16.21 crore shares, a remarkable 15.03 times oversubscription compared to the IPO’s initial size of 1.07 crore shares.

High net-worth individuals and retail investors displayed notable enthusiasm for the company, bidding at 29.71 times and 16.59 times the allotted quota, respectively. Their allocations represent 15 percent and 35 percent of the total issue size.

Qualified institutional buyers exhibited strong interest by securing 67 percent of the shares in the reserved portion, which constitutes 50 percent of the overall IPO size.

The IPO, valued at Rs 321.24 crore, is being offered by the sewerage solutions provider and comprises a fresh issuance of shares worth Rs 146.24 crore, along with an offer-for-sale (OFS) of Rs 175 crore by promoter Ranveer Singh, set at the upper price band.

Investors have the opportunity to subscribe within a price band of Rs 200-211 per share.

The Ghaziabad-based water and wastewater collection, treatment, and disposal services provider had already generated Rs 96.37 crore in funding on September 7, a day prior to the IPO’s opening, through a fully subscribed anchor book. Distinguished investors, including Saint Capital Fund, Abakkus Diversified Alpha Fund, Morgan Stanley Asia (Singapore), and BofA Securities Europe SA – ODI, were among the six participants in the anchor book.

The company intends to primarily utilize the proceeds from the fresh issue for meeting its working capital requirements, amounting to Rs 101.24 crore, with the remainder allocated for general corporate purposes.

Interested investors should note that the IPO subscription period will conclude on September 12, and they are encouraged to participate in this promising opportunity.

Stay tuned for further updates on this high-demand IPO and the latest developments in the financial world, right here on our website.

What is the oversubscription level for EMS IPO after its second day of bidding?

The EMS IPO is oversubscribed by an impressive 15.03 times, with investors eagerly subscribing to 16.21 crore shares against the initial offering size of 1.07 crore shares.

What is the interest level among high net-worth individuals and retail investors in the EMS IPO?

High net-worth individuals have bid at 29.71 times their allotted quota, representing 15 percent of the total issue size, while retail investors have shown strong interest by bidding at 16.59 times their allocated quota, which constitutes 35 percent of the total issue size.

What portion of the EMS IPO shares have qualified institutional buyers (QIBs) secured?

Qualified institutional buyers have secured 67 percent of the shares in the reserved portion, which accounts for 50 percent of the overall IPO size.

What is the valuation of the EMS IPO and its price band?

The EMS IPO is valued at Rs 321.24 crore and offers shares within a price band of Rs 200-211 per share.

How much funding did EMS generate through its anchor book before the IPO's opening, and who were the notable participants?

EMS generated Rs 96.37 crore in funding through a fully subscribed anchor book a day before the IPO opened. Distinguished investors in the anchor book included Saint Capital Fund, Abakkus Diversified Alpha Fund, Morgan Stanley Asia (Singapore), and BofA Securities Europe SA - ODI.

What are the primary uses of the proceeds from the fresh issue in the EMS IPO?

The proceeds from the fresh issue, totaling Rs 146.24 crore, will primarily be utilized to meet working capital requirements, amounting to Rs 101.24 crore, with the remainder allocated for general corporate purposes.

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]]> Yatra Online Announces the Public Issues Launch Date of 15th Sep 2023​ https://ipowhisky.com/yatra-online-announces-the-public-issues/ https://ipowhisky.com/yatra-online-announces-the-public-issues/#respond Mon, 11 Sep 2023 07:49:46 +0000 https://ipowhisky.com/?p=5260 Yatra Online Announces the Public Issues Launch Date of 15th Sep 2023 Yatra Online, a leading corporate travel service provider, is all set to make its debut on the stock exchange with an initial public offering (IPO) scheduled for September 15. The offering comprises a fresh issuance of shares valued at Rs 602 crore, along […]

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Yatra Online Announces the Public Issues Launch Date of 15th Sep 2023

Yatra Online, a leading corporate travel service provider, is all set to make its debut on the stock exchange with an initial public offering (IPO) scheduled for September 15. The offering comprises a fresh issuance of shares valued at Rs 602 crore, along with an offer-for-sale (OFS) of 1,21,83,099 equity shares by both the promoter and a key investor.

THCL Travel Holding Cyprus, the promoter, plans to divest 17,51,739 equity shares, while investor Pandara Trust – SCHEME I, represented by Vistra ITCL (India) as its trustee, intends to exit the company by selling its entire holding of 4,31,360 shares through the OFS.

Notably, prior to the IPO, Yatra Online had already secured Rs 62.01 crore from a rights issue and had allocated 26,27,697 shares to THCL at an issue price of Rs 236 per share, as part of the pre-IPO placement. Consequently, the size of the fresh issue, initially set at Rs 750 crore, has been adjusted to Rs 602 crore, factoring in the pre-IPO placement.

The precise price band for the IPO will be disclosed by the company in the coming days.

Yatra Online has outlined its intended use of the net proceeds from the fresh issue, with Rs 150 crore earmarked for strategic investments, acquisitions, and inorganic growth initiatives. An estimated Rs 392 crore will be allocated towards customer acquisition and retention, technology enhancements, and other organic growth strategies. The remaining funds will be utilized for general corporate purposes.

As of now, the major stakeholders in Yatra Online include THCL Travel Holding Cyprus, holding an 88.91 percent stake, and Asia Consolidated DMC Pte Ltd, with a 9.68 percent stake. Public shareholders in the company include Network18 Media & Investments and Reliance Retail, both subsidiaries of Reliance Industries, with stakes of 0.95 percent and 0.08 percent, respectively.

Investors keen on participating in this opportunity should take note that the public issue is set to conclude on September 20, with the anchor book opening for a single day on September 14.

Yatra Online proudly claims the title of India’s largest corporate travel services provider, boasting the highest number of corporate clients. Additionally, it ranks as the third largest online travel company in India among key online travel agency (OTA) players, based on gross booking revenue and operating revenue for the fiscal year 2023. The company’s extensive network includes over 21,05,600 tie-ups with hotels and accommodations, making it a prominent player in the domestic OTA space as of March 2023.

The IPO is being expertly managed by SBI Capital Markets, DAM Capital Advisors, and IIFL Securities, with Link Intime India serving as the registrar.

For more updates on this highly anticipated IPO and the latest developments in the financial world, stay tuned to our website.

What is the date of Yatra Online's initial public offering (IPO)?

Yatra Online's IPO is scheduled to take place on September 15,2023.

What is the composition of Yatra Online's IPO offering?

The IPO consists of a fresh issuance of shares valued at Rs 602 crore and an offer-for-sale (OFS) of 1,21,83,099 equity shares by both the promoter and a key investor.

Who are the major sellers in the offer-for-sale (OFS) portion of the IPO?

The promoter, THCL Travel Holding Cyprus, plans to divest 17,51,739 equity shares, and investor Pandara Trust – SCHEME I, represented by Vistra ITCL (India) as its trustee, intends to exit the company by selling its entire holding of 4,31,360 shares through the OFS.

How has the size of the fresh issue changed from its initial announcement?

Initially set at Rs 750 crore, the size of the fresh issue has been adjusted to Rs 602 crore, taking into account the Rs 62.01 crore secured from a rights issue and the pre-IPO placement of 26,27,697 shares to THCL at an issue price of Rs 236 per share.

What is the intended use of the net proceeds from the fresh issue?

Yatra Online plans to use Rs 150 crore for strategic investments, acquisitions, and inorganic growth initiatives, Rs 392 crore for customer acquisition and retention, technology enhancements, and other organic growth strategies, and the remaining funds for general corporate purposes.

Who are the major stakeholders in Yatra Online before the IPO?

The major stakeholders in Yatra Online include THCL Travel Holding Cyprus, holding an 88.91 percent stake, and Asia Consolidated DMC Pte Ltd, with a 9.68 percent stake. Public shareholders in the company include Network18 Media & Investments and Reliance Retail, both subsidiaries of Reliance Industries, with stakes of 0.95 percent and 0.08 percent, respectively.

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]]> Cello World Submits Preliminary IPO Documents to Sebi, Aiming to Raise Rs 1,750 Crore https://ipowhisky.com/cello-ipo-news/ Tue, 15 Aug 2023 08:36:20 +0000 https://ipowhisky.com/?p=2506 Cello World Ltd, a prominent household consumer products company, has submitted draft documents to Sebi for an IPO seeking to raise Rs 1,750 crore. The IPO will be entirely comprised of a sale of shares, including contributions from key shareholders: Pradeep Ghisulal Rathod (up to Rs 300 crore), Pankaj Ghisulal Rathod (up to Rs 670 […]

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Cello World Ltd, a prominent household consumer products company, has submitted draft documents to Sebi for an IPO seeking to raise Rs 1,750 crore. The IPO will be entirely comprised of a sale of shares, including contributions from key shareholders: Pradeep Ghisulal Rathod (up to Rs 300 crore), Pankaj Ghisulal Rathod (up to Rs 670 crore), Gaurav Pradeep Rathod (up to Rs 380 crore), Sangeeta Pradeep Rathod (up to Rs 200 crore), Babita Pankaj Rathod and Ruchi Gaurav Rathod (up to Rs 100 crore each). Gaurav Pradeep holds a 25.73 percent stake, Pankaj Ghisulal holds 16.24 percent, and Pradeep Ghisulal holds 12.86 percent in the company. Cello World, headquartered in Mumbai and competing with brands like Milton, La Opala, and Borosil, is backed by ICICI Venture, the investment arm of ICICI Bank. The IPO is managed by Kotak Mahindra Capital, ICICI Securities, JM Financials, Motilal Oswal Securities, and IIFL Securities.

Founded by the Rathod family, the Cello Group embarked on its journey in 1967 in Mumbai with a modest start. It established a small factory focused on crafting plastic PVC footwear and bangles. Over the years, the company has diversified its offerings, spanning from drinkware, opalware, and kitchen appliances to cleaning aids, bathroom accessories, and sanitizers. Its clientele includes hotels, restaurants, catering services, and beyond.

As of March 2023, the company boasts an extensive portfolio of 15,841 distinct stock keeping units across various product categories. It operates and oversees 13 manufacturing facilities across five locations within India. This robust infrastructure enables an annual production capacity of 57.77 million units of consumer houseware items, 15,000 tonnes of opalware and glassware, 650.00 million units of writing instruments and stationery, as well as 12.80 million units of molded furniture and related products.

In the financial year 2022-2023, Cello Group’s revenue surged to Rs 1,796.70 crore, marking a significant rise from Rs 1,359.18 crore in the previous year. Concurrently, the net profit demonstrated growth, reaching Rs 285.07 crore compared to Rs 219.52 crore previously. However, the EBITDA margin saw a slight decrease, declining to 24.34 percent from the prior year’s 25.71 percent. Notably, the company managed to reduce its net debt over the year, with the figure dropping to Rs 304.49 crore from the previous Rs 426.64 crore.

FAQ

What is the primary objective of Cello World Ltd's IPO?

Cello World Ltd has submitted draft documents to SEBI for an IPO with the aim of raising Rs 1,750 crore. The IPO will consist entirely of a sale of shares by key shareholders, including Pradeep Ghisulal Rathod, Pankaj Ghisulal Rathod, Gaurav Pradeep Rathod, Sangeeta Pradeep Rathod, Babita Pankaj Rathod, and Ruchi Gaurav Rathod.

Who are the major shareholders in Cello World Ltd, and how much stake do they hold?

Gaurav Pradeep Rathod holds a 25.73% stake, Pankaj Ghisulal Rathod holds 16.24%, and Pradeep Ghisulal Rathod holds 12.86% in the company.

How has Cello World Ltd's financial performance been in the last financial year?

In the financial year 2022-2023, the company's revenue rose to Rs 1,796.70 crore from Rs 1,359.18 crore in the previous year. Their net profit grew to Rs 285.07 crore compared to Rs 219.52 crore in the year before. The EBITDA margin, however, declined slightly to 24.34% from 25.71%.

What has been the company's focus in terms of debt management?

Over the last financial year, Cello Group successfully reduced its net debt, bringing it down to Rs 304.49 crore from the preceding year's Rs 426.64 crore.

Can you provide a brief background on Cello World Ltd and its product offerings?

Founded by the Rathod family in 1967 in Mumbai, Cello Group began with manufacturing plastic PVC footwear and bangles. The company now offers a diverse range of products, including drinkware, opalware, kitchen appliances, cleaning aids, bathroom accessories, and sanitizers. As of March 2023, they have a portfolio of 15,841 distinct stock-keeping units and operate 13 manufacturing facilities across India.

How expansive is Cello World Ltd's manufacturing and production capacity?

Cello World Ltd oversees 13 manufacturing facilities situated across five locations within India. This vast infrastructure allows for an annual production capacity of 57.77 million units of consumer houseware items, 15,000 tonnes of opalware and glassware, 650.00 million units of writing instruments and stationery, as well as 12.80 million units of molded furniture and related products.

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