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SBI Cards gets SEBI’s approval to float IPO
Type: NEWS
Date: 12-Feb-2020

SBI Cards and Payment Services, the credit card arm of State Bank of India, has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO).

The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on February 11. SBI Cards intends to use the proceeds of the fresh issue for augmenting its capital base to meet future capital requirements. The book running lead managers to the issue are Kotak Mahindra Capital Company, Axis Capital, DSP Merrill Lynch, HSBC Securities and Capital Markets (India), Nomura Financial Advisory and Securities (India) and SBI Capital Markets.

SBI Cards & Payments Services is a payment solutions provider in India.

Burger King gets SEBI’s nod for IPO
Type: NEWS
Date: 29-Jan-2020

Burger King India has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The company’s shares are proposed to be listed on the BSE and NSE.

The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on January 24. Net proceeds from the fresh issue are proposed to be utilised for funding roll out of new company-owned Burger King Restaurants and general corporate purposes. The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services and JM Financial.

Burger King India operates as a restaurant. The company prepares and distributes ready to eat food products such as burgers, fries, and beverages. Burger King India serves customers in India.

IRFC files DRHP with SEBI for IPO
Type: NEWS
Date: 20-Jan-2020

Indian Railway Finance Corporation (IRFC) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting the company`s equity capital base to meet future capital requirements arising out of growth in business and general corporate purposes. The book running lead managers to the issue are IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets.

The company was incorporated as the dedicated market borrowing arm for the Indian Railways and has played a strategic role in financing the latter`s operations.

CAMS files DRHP with SEBI for IPO
Type: NEWS
Date: 10-Jan-2020

Computer Age Management Services (CAMS), which is backed by Warburg Pincus and the NSE, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO) worth Rs 1,500-1,600 crore.

The IPO will see sale of 1,21,64,400 equity shares through offer- for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust. The book running lead managers to the issue are Kotak Mahindra Capital Company, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities (India).

CAMS is the largest registrar and transfer agent for MFs. It offers integrated services for receipt, verification and processing of financial and non-financial transactions for the BFSI sector, largely to the MF industry.

ESAF Small Finance Bank files DRHP with SEBI for IPO
Type: NEWS
Date: 07-Jan-2020

ESAF Small Finance Bank has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 976 crore through an Initial Public Offering (IPO).

The proceeds from the fresh issue will be used to augment the bank`s tier-1 capital (primarily loans or advances and investment portfolio) to meet future capital requirements. The book running lead managers to the issue are Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities.

ESAF Small Finance Bank provides banking services. The Bank offers savings accounts, fixed and recurring deposits, loans, insurance, money transfer, credit cards, currency exchange, and other related services. ESAF Small Finance Bank serves customers in India.

Park Hotels files DRHP with SEBI for IPO
Type: NEWS
Date: 01-Jan-2020

Apeejay Surrendra Park Hotels has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of up to Rs 400 crore and an offer-for-sale (OFS) of up to Rs 600 crore. The shares of the company are proposed to be listed on NSE and BSE.

The funds will be utilized towards repayment/prepayment of certain borrowings availed and for general corporate purposes. The book running lead managers to the issue are ICICI Securities, Axis Capital and JM Financial.

The company is part of the Apeejay Surrendra group, a leading Indian conglomerate. The group`s business is spread across industries such as hospitality, shipping, tea, real estate, retail brands such as Oxford bookstores, and education.

UTI AMC files DRHP with SEBI for IPO
Type: NEWS
Date: 20-Dec-2019

UTI Asset Management Company (UTI AMC) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 3,000 crore through an Initial Public Offering (IPO). The shares of the bank are proposed to be listed on NSE and BSE.

The object of the public issue is to achieve the benefits of listing the equity shares on stock exchanges. The book running lead managers to the issue are Kotak Mahindra Capital, Axis Capital, CitiBank, DSP Merrill Lynch, ICICI Securities, JM Financial and SBI Capital Markets.

UTI Asset Management Company operates as an investment management firm. The company offers asset management, research analysis, portfolio construction, financial planning, and advisory services to group of individual and institutional investors. UTI Asset Management serves clients in India.

EaseMyTrip files DRHP with SEBI for IPO
Type: NEWS
Date: 17-Dec-2019

EaseMyTrip has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 510 crore through an Initial Public Offering (IPO).

The object of the public issue is to achieve the benefits of listing the equity shares on stock exchanges. The book running lead managers to the issue are Axis Capital and JM Financial.

Founded in 2008, EaseMyTrip is an online travel agency market with offices across various Indian cities, including Noida, Bengaluru, Mumbai and Hyderabad. Its international offices (as subsidiary companies) are located in Singapore, the UAE and the UK. EaseMyTrip.com is operated by Easy Trip Planners.

Equitas Small Finance Bank files DRHP with SEBI for IPO
Type: NEWS
Date: 17-Dec-2019

Equitas Small Finance Bank has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,000 crore through an Initial Public Offering (IPO). The shares of the bank are proposed to be listed on NSE and BSE.

The funds will be utilized towards augmenting Tier I capital base and to meet future capital requirements. The book running lead managers to the issue are JM Financial , Edelweiss Financial Services and IIFL Securities.

Equitas offers personalised services and helps finds the right product to suit individual banking requirements for their savings. 

SAMHI Hotels gets SEBI’s nod for IPO
Type: NEWS
Date: 03-Dec-2019

SAMHI Hotels has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise an estimated Rs 1,800-2,000 crore through an Initial Public Offering (IPO).

The company, which filed the draft red herring prospectus with the SEBI in September, got the regulator’s approval on November 29. The funds will be utilized towards repayment /prepayment of certain indebtedness by the company and its subsidiaries besides for general corporate purposes. The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, DSP Merrill Lynch and Goldman Sachs.

SAMHI is one of India’s leading and fastest growing hotel owner and asset manager with a portfolio of 27 operating hotels comprising 4,048 keys across India. The firm’s assets have a diverse geographical presence spanning 12 of India’s key urban consumption centers, including Delhi, Bengaluru, Hyderabad, Chennai and Pune. 

ALERTS
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