In the coming week i.e. between December 6 and December 14, four companies namely Rakesh Jhunjhunwala-backed Metro Brands, RateGain Travel Technologies, Shriram Properties and CE Info Systems (MapmyIndia) will make their public offerings.
Anand Rathi Wealth’s IPO will also close on December 6. In the first two days of its registration between December 2 and 3, the IPO was registered 3.02 times.
Here’s a look at the four IPOs opening this week:
Metro Brands IPO
Billionaire investor Rakesh Jhunjhunwala-backed Metro Brands is set to launch its IPO on December 10. It closes on December 14.
The price range and lot size will be announced by the company later this week.
Metro Brands’ first public offer consists of a new issue of Rs 295 crore and a sell offer of 2,14,50,100 shares by promoters.
It is one of the largest shoe stores and will use the proceeds from the new issue to open new stores under brands such as Metro, Mochi, Walkway and Crocs. The remaining funds will be used for general corporate purposes.
Rakesh Jhunjhunwala’s wife, Rekha Jhunjhunwala, is the company’s third largest shareholder with a 14.73 percent stake, while the promoter and promoter group own 83.99 percent stake in the company.
RateGain Travel Technologies IPO
RateGain Travel Technologies will release its public release between December 7 and 9, 2021.
The price range is Rs 405-425 per share. New issue is Rs 375 crore while the for sale offer is 2.26 crore shares and the IPO size is Rs 1,336 crore.
The lot size for retail investors is Rs 14,875 for 35 shares in 1 lot and Rs 1,93,375 for 13 lots.
RateGain is the largest software as a service company in the hospitality and travel industry.
The company’s anchor book is expected to open for a day on December 6.
The offering includes shares worth Rs 5 crore for the company’s employees, who can subscribe at a discount of Rs 40 per share.
The public offering will net the company Rs 1,335.73 crore in the top price bracket.
The proceeds from this will be used to repay debt of its subsidiary RateGain UK, payment of deferred compensation for the acquisition of DHISCO and strategic investments, acquisitions and inorganic growth.
IPO of Shriram Properties
Real estate company Shriram Properties will go public with its IPO between 8 and 10 December 2021.
The price range is Rs 113-118 per share while the new issue is Rs 250 crore. The offer for sale is Rs 350 crore and the IPO size is Rs 600 crore.
The lot size for retail investors is Rs 14,750 for 1 lot of 125 shares.
The South India-based residential real estate development company will use the funds from the new issue to repay debt and general corporate purposes.
CE Info Systems (MapmyIndia) IPO
MapmyIndia will unveil its IPO between December 9-13, 2021. It has not announced its price range and the new issuance details are also not available as of now. However, the offer for sale is 1,006 crore shares.
The IPO size is Rs 1,200 crore.
CE Info Systems’ public offer is entirely an offer for sale by shareholders, including Qualcomm Asia Pacific Private Limited.
MapmyIndia is a data and technology product and platform company that offers proprietary digital maps as a service, software as a service and platform as a service.