The Securities and Exchange Board of India (Sebi) has granted approval for five firms, marking a significant step towards their initial public offerings (IPOs). Among them are India Shelter Finance, DOMS Industries, Jana Small Finance Bank, Shiva Pharmachem, and Onest Ltd. The regulator’s issuance of observation letters, indicating the green light for IPO launches, follows the submission of draft papers between July and August.
India Shelter Finance’s Rs 1,800-crore IPO Plan
India Shelter Finance, a leading affordable housing finance company, is set to launch a Rs 1,800-crore IPO. The offering includes a fresh equity share issue of Rs 1,000 crore and an Rs 800-crore offer for sale (OFS) by investor shareholders. Funds raised will support onward lending and general corporate purposes.
DOMS Industries: Penciling Growth in Rs 1,200-crore IPO
Pencil manufacturer DOMS Industries plans a Rs 1,200-crore IPO, comprising a fresh issue of Rs 350 crore and an Rs 850-crore OFS by promoters. The capital will fuel the establishment of a new manufacturing facility and enhance production capabilities.
Jana Small Finance Bank’s IPO for Capital Augmentation
Jana Small Finance Bank’s IPO, totaling Rs 575 crore, involves a fresh issue and an OFS by existing investors. The bank aims to bolster its Tier-1 capital base to meet future capital needs for organic growth and expansion.
Shiva Pharmachem’s Rs 900-crore OFS IPO
Shiva Pharmachem’s IPO, solely an OFS of Rs 900 crore by promoters, will channel all proceeds to selling shareholders, with the company not receiving any funds.
Onest Ltd’s IPO to Fund Working Capital and Corporate Needs
Onest Ltd’s IPO, a blend of a Rs 77 crore fresh issue and an OFS of up to 32.5 crore shares, will direct fresh issue proceeds towards working capital requirements and general corporate purposes.
