Upcoming IPOs: Dr Agarwals Health Care, Casagrand Premier and 2 other firms receive Sebi nod for initial public offerings
Dr Agarwals Health Care IPO is a combination of a fresh issue of up to Rs 300 crore and an Offer For Sale, (OFS) of up to 6.95 crore equity shares by promoters and other selling shareholders, as per the draft papers of Temasek Holdings and TPG-backed eye care services provider.
Four companies have received markets regulator SEBI's approval for initial public offerings (IPO). These companies Dr Agarwal's Health Care, Casagrand Premier Builder, Highway Infrastructure, and Regreen-Excel EPC India, an update with the Securities and Exchange Board of India (Sebi) on Wednesday showed.
Dr Agarwal's Health Care
Dr Agarwal's Health Care IPO is a combination of a fresh issue of up to Rs 300 crore and an Offer For Sale, (OFS) of up to 6.95 crore equity shares by promoters and other selling shareholders, as per the draft papers of Temasek Holdings and TPG-backed eye care services provider.
The offer also includes a subscription for eligible employees. Those selling shares in the OFS include Arvon Investments Pte Ltd, Claymore Investments (Mauritius) Pte Ltd, and Hyperion Investments Pte Ltd.
The fresh proceeding of around Rs 195 crore will be used for payment of debt, a portion will be used for general corporate purposes, and for unidentified inorganic acquisition, the company said.
Casagrand Premier Builder
Chennai-based real estate developer Casagrand Premier Builder public issue is a mix of a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of stocks valued Rs 100 crore by promoters.
The OFS consists of the sale of equity shares up to Rs 50 crore each by Arun M N and Casagrand Luxor Pvt Ltd.
Proceeds from the fresh issue will be used for payment of debt availed of by the company and its subsidiaries as well as for general corporate purposes.
Highway Infrastructure
Madhya Pradesh-based toll collection and EPC infra company Highway Infrastructure IPO is a combination of fresh issuance of equity shares worth Rs 105 crore, and an offer-for-sale (OFS) of 31 lakh equity shares by promoters Promoters Arun Kumar Jain, and Anoop Agrawal will be selling 15.5 lakh equity shares each in the OFS. They hold 34.53 per cent and 37.25 per cent stakes, respectively, in the company.
Highway Infrastructure will utilise proceeds from the fresh issue towards working capital requirements, and general corporate purposes.
Regreen-Excel EPC India
Ethanol plants manufacturer Regreen-Excel EPC India Ltd initial share-sale comprises a fresh issue of equity shares worth Rs 350 crore and an offer-for-sale (OFS) of 1.14 crore equity shares by promoters.
Regreen-Excel EPCR is a technology-driven EPC company, engaged in designing, manufacturing and supplying ethanol plants.
The equity shares of these four companies are proposed to be listed on the BSE and NSE.
With inputs from agencies
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