From Devyani International to Windlas Biotech - 4 IPOs to hit stock exchanges next week

According to the NSE website, these four IPOs will be launched on the same day August 04 and will be available for subscription till August 06, 2021.

Jul 30, 2021 05:07 IST India Infoline News Service

Initial Public Offering, IPO
A busy week awaits ahead for the initial public offering (IPO) market with four companies lined up to launch their issue. These companies are Windlas Biotech, KRSNAA Diagnostic, Exxaro Tiles and Devyani International.

According to the NSE website, these four IPOs will be launched on the same day August 04 and will be available for subscription till August 06, 2021. Subsequently, these IPOs will have their anchor investors subscription on August 03, 2021.

Here are the key highlights of the IPOs:

Devyani International:

Devyani, the largest franchisee of Pizza Hut, KFC, and Costa Coffee, will launch its IPO comprising of Rs440cr of fresh issue and offer for sale of 155,333,330 equity shares from promoters RJ Corp and Dunearn Investments.

The price band is said to be fixed between Rs86-Rs90 per equity share.

Companies like Kotak Mahindra Capital, CLSA, Edelweiss Financial Services, Motilal Oswal Investment Advisors and Link Intime are global coordinators and book running lead managers for the IPO.

Windlas Biotech:

The IPO involves Rs165cr fresh issue and offers for sale of up to 5,142,067 equity shares by Vimla Windlass and Tano India Private Equity Fund II.

The Price Band of the Offer has been fixed at Rs448 to Rs460 per Equity Share.

SBI Capital Markets, DAM Capital Advisors, IIFL Securities and Link Intime are acting as the book running lead manager (BLRM) for the IPO.


KRSNAA Diagnostics:

The IPO comprised of Rs400cr fresh issue and offer for sale of up to 8,525,520 equity shares by PHI Capital Trust-PHI Capital Growth Fund-I and Kitara Piin, Somerset Indus Healthcare Fund I and Lotus Management Solutions.

DAM Capital Advisors (Formerly IDFC Securities), Equirus Capital, IIFL Holdings and JM Financial Consultants are the lead managers of the IPO.

Exxaro Tiles:

The company's IPO will hold a fresh issue of 1,11,86,000 equity shares and an offer for sale of up to 22,38,000 equity shares by Dixitkumar Patel.

The price band of IPO is between Rs118-120 per equity share.

Pantomath Capital Advisors is the book running lead manager of the public offer. 

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