In the realm of IPOs, this October is poised for a remarkable journey where investors will navigate plenty of opportunities. From Blue Jet Healthcare’s spotlight entry to IRM Energy’s impressive response and Mamaearth’s ascent to the world of consumer products, the stage is set for exciting developments.
Upcoming IPOs: Key Highlights
- Get ready for Blue Jet Healthcare’s Rs 840.27 crore IPO with a subscription window from October 25 to 27.
- Explore more about IRM Energy IPO listing on October 26.
- Honasa Consumer Private Limited, the parent company behind Mamaearth, gears up for a highly anticipated IPO from October 31 to November 2.
- Sohan Lal Commodity Management (SLCM) is preparing for a Rs 700 crore niche IPO to raise funds from primary and secondary markets.
Blue Jet Healthcare Prepares for Rs 840.27 Crore IPO
In the fast-paced world of Initial Public Offerings (IPOs), Blue Jet Healthcare IPO is grabbing the spotlight first. The speciality pharmaceutical and healthcare ingredients developer is all set to take centre stage with its eagerly anticipated IPO. The subscription window for this exciting venture is set to open from October 25 to 27. Investors keen on this opportunity will consider a price band fixed at Rs 329-346 per share.
Notably, this IPO is exclusively an offer for sale (OFS) and does not include a fresh issue component. The allocation to anchor investors is scheduled for Monday, October 23. This means that the issue proceeds will entirely benefit the selling shareholders, primarily the Arora family. The company itself won’t be raising any funds from this offer.
Blue Jet Healthcare is eyeing to raise a substantial sum of Rs 840.27 crore from the public issue, based on the upper price band. Investors looking to participate in this promising venture can start with a minimum of 43 equity shares and subsequently bid in multiples of 43 shares. For retail investors, this translates to a minimum application size of Rs 14,878 (43 shares) and a maximum investment limit of Rs 1,93,414 (559 shares). It’s important to note that retail investors cannot exceed an investment limit of Rs 2 lakh in this IPO.
IRM Energy IPO Listing
Moving on to IRM Energy IPO, the city gas distributor has made quite a mark in the market. With an initial public offering of Rs 545.4 crore, the response has been nothing short of impressive. The IPO was subscribed a remarkable 27.05 times, with bids pouring in for 20.62 crore shares against an offer size of 76.24 lakh shares.
Retail investors were especially enthusiastic, bidding 9.29 times; high net-worth individuals weren’t far behind, buying 48.34 times the allotted quota, and qualified institutional buyers were equally eager, picking up 44.73 times their allotted shares.
The much-anticipated listing of IRM Energy on the NSE and BSE is expected to happen on October 26, and sources have hinted at its success. This enthusiastic response to the IPO is a testament to the company’s promising prospects in the energy sector.
Upcoming IPOs in Indian Arena: Mamaearth Parent Company Plans Rs 1,700 Crore IPO
Shifting gears to the world of consumer products, Honasa Consumer Private Limited, the parent company behind popular brands like Mamaearth, The Derma Co, and BBlunt, is gearing up for one of the most eagerly anticipated IPOs in the Indian consumer segment. The IPO is scheduled for October 31 to November 2, with the anchor portion set to open on October 30.
Honasa Consumer made headlines when it became the first unicorn of 2022, reaching a valuation of $1.2 billion following a fundraising round in January 2022 led by top VC firm Sequoia Capital. The company, co-founded in 2016 by the husband-wife duo of Varun and Ghazal Alagh, has been a significant player in the D2C (direct-to-consumer) segment, focusing on beauty, baby care, and skincare products.
As per the draft red herring prospectus (DRHP), several shareholders, including the Alaghs, Sofina Ventures SA, Evolvence, Fireside Ventures, Stellaris Venture Partners, Snapdeal founder Kunal Bahl, Bollywood actress Shilpa Shetty Kundra, Rishabh Harsh Mariwala, and Rohit Kumar Bansal, will dilute their holdings. Sequoia Capital will not participate in the offer for sale (OFS).
Utilisation of Mamaeart IPO Proceeds
The net proceeds of Mamaearth IPO will be allocated for various purposes, including advertisement expenses, improving brand visibility and awareness, setting up new exclusive brand outlets, investment in BBlunt for setting up new salons, general corporate expenses, and facilitating inorganic growth.
SLCM IPO News: Plans Rs 700 Crore Niche IPO in Agriculture Sector
Sohan Lal Commodity Management Pvt Ltd (SLCM) is paving the way for a niche IPO in the agriculture sector, aiming to raise around Rs 700 crore for business expansion. SLCM has been in talks with bankers and is preparing to seek approval for the IPO plan from the board.
This agricultural-focused IPO has a unique twist, as it will raise funds from both primary and secondary markets. While the company has ambitious plans, a representative for SLCM refrained from making immediate comments.
SLCM’s subsidiary, Kissandhan Agri Financial Services Pvt Ltd, established in 2017, has managed Rs 350 crore of assets and aims to double this figure over the next decade. It has an impressive track record, having disbursed loans amounting to Rs 2,700 crore since its inception, with plans to exceed Rs 5,000 crore by the end of the next fiscal year. On the warehousing front, SLCM handles assets under management for banks and aspires to reach Rs 13,000 crore by September the following year, up from the current level of Rs 7,000 crore.
With significant growth on both the financial and warehousing fronts, SLCM has reported a substantial increase in net profit and total revenue in the first half of the 2023-24 financial year. The IPO announcement underscores the company’s promising financial performance and ambitions in the agriculture sector.
Opportunities For Investors
For stock market investors, these latest IPOs present a wealth of prospects. Blue Jet Healthcare’s pharmaceutical venture, Mamaearth’s unicorn status, brings diverse IPO investment avenues to the table. These IPOs offer a glimpse into a promising future for businesses and investors in a market brimming with potential.
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.