Shadowfax Technologies IPO will open for subscription on the main board while KRM Ayurveda and Digilogic Systems IPOs will open on the SME platforms.
Shadowfax Technologies IPO
Shares sale of Shadowfax Technologies via IPO will open for subscription on Tuesday, January 20. The company has set a price band of ₹118 to ₹124 per share. The bidding for anchor investors will take place on January 19, while the issue will conclude on January 22.
The ₹1,907.27 crore initial public offering is a mix of fresh issuance of shares valued at ₹1,000 crore and an offer for sale (OFS) of ₹907.27 crore.
As a part of the OFS, Flipkart Internet Pvt Ltd, Eight Roads Investments Mauritius II, International Finance Corporation, Qualcomm Asia Pacific, Nokia Growth Partners IV, L.P., NewQuest Asia Fund IV (Singapore), Mirae Asset – GS Retail New Growth Fund I and Mirae Asset – Naver New Growth Fund I will offload their shares.
The fresh issue proceeds will be utilised for capital expenditure requirements for network infrastructure, lease payments for new first-mile centres, last-mile centres and sort centres, funding branding, marketing and communication costs, unidentified inorganic acquisitions and general corporate purposes.
A lot consists of 120 shares and multiples thereof. The company has reserved 75% of the offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.
The company has fixed ₹118-124 as the price band for the IPO. At the upper end of the price band one lot of Shadowfax Technologies shares is priced at ₹14,880.
KRM Ayurveda IPO
Shares sale of KRM Ayurveda will open for subscription on Wednesday, January 21 and close on January 23 on the NSE SME platform. The company is planning to raise ₹77 crore from the IPO it has fixed price band of ₹128-₹135 per share and a retail investor can bid for minimum two lots of 2,000 shares.
At the upper end of the price band two lots of KRM Ayurveda shares have been priced ₹2,70,000 in the IPO.
KRM Ayurveda operates a network of hospitals and clinics across multiple cities in India as well as marked its presence in abroad through telemedicine consulting and sales.
They manufacture Ayurvedic products, herbal and botanical remedies, medicines, supplements and possibly skin care / wellness related items.
Presently, the company runs six hospitals and five clinics at different locations in the country.
Digilogic Systems IPO
Digilogic Systems IPO will open for subscription on the BSE SME platform on Tuesday, January 20 and close on January 22.
The company is planning to raise ₹81 crore via which is combination of fresh issue and an offer for sale.
The company has fixed ₹98-₹104 as the price band for the IPO and a retail investor can bid for minimum of two lots of 1,200 shares.
At the upper band of the price band two lots of Digilogic Systems shares in the IPO are priced at ₹2,49,600.
The company has reserved 50% shares in the IPO for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
Digilogic Systems Ltd. is engaged in the design, development, integration, manufacturing, supply, and support of Automated Test Equipment (ATE) systems, radar and Electronic Warfare simulators, application software, and embedded signal processing solutions for the defence and aerospace engineering sector.