The year 2021 is shaping up well for public issues.
Once these four IPOs close, the count of public issues—23—will not only be higher than that of 2020 in which 16 such offers were launched but also the funds raised.
The public issue of Rs 5,550 crore comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 5,250 crore by Singapore VII Topco III Pte Ltd, an affiliate of The Blackstone Group Inc.
Investors can bid for a minimum of 45 equity shares and in multiples of 45 shares thereafter.
As of December 2020, the aggregate installed metal capacity of the plants was 5.71 million tonne per annum .
The offer for sale comprises 92 lakh equity shares by investor TPG Dodla Dairy Holdings Pte Ltd, and 4,16,604 equity shares by Dodla Sunil Reddy, 10,41,509 shares by Dodla Family Trust and 3,27,331 equity shares by Dodla Deepa Reddy.
Bids can be made for a minimum of 35 equity shares and in multiples of 35 thereafter.
The Hyderabad-based dairy company will utilise fresh issue proceeds for repaying debt of Rs 32.26 crore and for capital expenditure requirements of Rs 7.15 crore.
The IPO comprises a fresh issue of Rs 200 crore and an offer for sale of 2,35,60,538 equity shares by existing selling shareholders.
The total fund raising would be Rs 2,143.74 crore at the higher end of the price band.
Investors can apply for a minimum of 18 equity shares and in multiples of 18 thereafter.