New IPOs in March 2021: Easy Trip Planners, Kalyan Jewellers, Barbeque Nation, Suryoday Small Finance Bank, Apeejay Surendra Park Hotels to Montecarlo - check list here

Kalyan Jewellers India IPO: This is a fresh issue of Equity Shares upto Rs 1000 cr and Offer for Sale of Equity Shares upto Rs 750 cr by Promoter Selling Shareholders & Investor Selling Shareholders (Highdell Investment Ltd). The Book Running Lead Managers are Axis Capital, Citigroup, ICICI securities, SBI Capital, BOB Capital.

Kalyan Jewellers India Limited is one of the largest jewellery companies in India based on revenue as of March 31, 2020, according to the Technopak Report. They were established by their founder and one of the Promoters, Mr. T.S. Kalyanaraman, who has over 45 years of retail experience, of which over 25 years is in the jewellery industry. They have expanded to become a pan-India jewellery company, with 107 showrooms located across 21 states and union territories in India, and also have an international presence with 30 showrooms located in the Middle East as of June 30, 2020. All showrooms are operated and managed by them.

Barbeque Nation Hospitality IPO: This is a Fresh Issue of Equity Shares aggregating to Rs 275 cr and Offer for Sale of upto 9,822,947 Equity Shares by Promoter/Promoter Group Selling Shareholders and Investor Selling Shareholders. The Book Running Lead Managers are Axis Capital, IIFL Sec, Ambit Capital, SBI Capital.

Barbeque Nation Hospitality Limited owns and operates Barbeque Nation Restaurants, one of India’s leading casual dining restaurant chains according to the Technopak Report, and International Barbeque Nation Restaurants. They have steadily grown their owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2008 to 138 Barbeque Nation Restaurants in 73 cities in India and 7 International Barbeque Nation Restaurants in 3 countries outside India as of November 30, 2019.

Anupam Rasayan India IPO: This is a Fresh Issue of Equity Shares aggregating upto Rs 760 cr. The Book Running Lead Managers are Axis Capital, Ambit Pvt. Ltd., IIFL Securities, JM Financial.

Anupam Rasayan India Limited is one of the leading companies engaged in the custom synthesis and manufacturing of specialty chemicals in India. The company evolved into custom synthesis and manufacturing of life science related specialty chemicals and other specialty chemicals, which involve multi-step synthesis and complex technologies, for a diverse base of Indian and global customers. Their key focus in its custom synthesis and manufacturing operations is developing in-house innovative processes for manufacturing products requiring complex chemistries and achieving cost optimization.

Laxmi Organic Industries IPO: This is a Fresh Issue of Equity shares aggregating upto Rs 500 cr and Offer for sale of equity shares aggregating upto Rs 300 cr by YellowStone Trust – The Promoter Selling Shareholder. The Book Running Lead Managers are Axis Capital, DAM Capital 

Laxmi Organic Industries Limited is a leading manufacturer of Acetyl Intermediates and Specialty Intermediates with almost 3 decades of experience in large scale manufacturing of chemicals. They are currently among the largest manufacturers of ethyl acetate in India with a market share of approximately 30% of the Indian ethyl acetate market. Further, post completion of the YCPL Acquisition, their market share in the ethyl acetate market will be further enhanced.

Craftsman Automation IPO: This is a Fresh Issue of Equity Shares upto Rs150 cr and Offer for Sale of 4,521,450 by Promoter Selling Shareholders and Investor Selling Shareholder.  The Book Running Lead Managers are Axis Capital, IIFL Securities.

Craftsman Automation Limited is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment (“Automotive - Powertrain and Others”), aluminium products for the automotive segment (“Automotive – Aluminium Products”), and industrial and engineering products segment (“Industrial and Engineering”).

Suryoday Small Finance Bank IPO: This is a Fresh Issue of 11,595,000 Equity Shares and Offer for Sale of upto 8,466,796 Equity Shares by Selling Shareholders (IFC, Gaja Capital Fund II, DWM (International) Mauritius, HDFC Holdings, IDFC First Bank etc. The Book Running Lead Managers are Axis Capital, ICICI Securities, IIFL Securities, SBI Capital Markets.

Suryoday Small Finance Bank Limited is among the leading SFBs in India in terms of net interest margins, return on assets, yields and deposit growth and had the lowest cost-to-income ratio among SFBs in India in Fiscal 2020. (Source: CRISIL Report)

ESAF Small Finance Bank IPO: This is a Fresh Issue of Equity Shares aggregating upto Rs 800 cr and Offer for Sale of Equity Shares aggregating upto Rs 197.62 cr by Promoter Selling Shareholders and Investor Selling Shareholder (Bajaj Allianz Life, PI Ventures). The Book Running Lead Managers are Axis Capital, Edelweiss Financial, I-Sec, IIFL Sec.

ESAF Small Finance Bank (“ESAF SFB”) is one of the leading small finance banks in terms of yield on advances, AUM growth rate and share of retail deposits. Along with its Promoters, ESAF SFB has a history of more than 25 years of primarily serving the unserved and underserved, with a focus on financial inclusion. Their business model focuses on the principles of responsible banking, providing customer-centric products and services through the extensive application of technology.

Apeejay Surendra Park Hotels IPO: This is a Fresh Issue of Equity Shares aggregating upto Rs 400 cr and Offer for Sale of Equity Shares aggregating upto Rs 600 cr by Promoter/Promoter Group Selling Shareholders and Investor Selling Shareholder-RECP IV Park Hotel & Others. The Book Running Lead Managers are Axis Capital, ICICI Sec, JM Fin.

Apeejay Surendra Park Hotels Ltd is one of India’s top 10 hospitality companies in the upscale segment and they have pioneered the concept of luxury boutique hotel in India under “THE PARK” brand, which has since been extended to their upper-midscale brand “Zone by The Park”. They own and manage hotels for over 50 years, with their first hotel being launched under their brand “THE PARK” at the iconic Park Street in Kolkata.

Puranik Builders IPO: This is a Fresh Issue of Equity Shares aggregating upto Rs 810 cr and Offer for Sale of upto 1,859,620 Equity Shares by Selling Shareholders. The Book Running Lead Managers are Axis Capital, Edelweiss Financial.

Puranik Builders Limited is among the prominent residential real estate developers in Mumbai Metropolitan Region (“MMR”) and Pune Metropolitan Region (“PMR”) based on the number of units currently being marketed in these regions. They are also among the leading residential real estate developers in the growing Thane region of MMR based on the projects currently being marketed and corresponding units sold (Source: C&W Report)

Montecarlo IPO: This is a Fresh Issue of Equity Shares aggregating upto Rs 450 cr and Offer for Sale of upto 3,000,000 Equity Shares by Promoter Selling Shareholders- Kanubhai Trust. The Book Running Lead Managers are Axis Capital, Edelweiss Fin, HDFC Bank.

Montecarlo is an Infrastructure Construction and Development Company with operations diversified across highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector. The company has more than two decades of execution experience having completed 79 EPC projects with an Order Book as of June 30, 2019 aggregating to Rs 91613 cr, with 39 on-going EPC projects, spanning across 14 states in India.