Aptus Value Housing, CarTrade Get Sebi’s Nod For IPO Along With 4 Others
- ByAyushi Ray | July 27, 2021
Aptus Value Housing, CarTrade, get Sebi’s nod for IPO along with 4 others The other firms that received the regulator’s nod are– Krsnaa Diagnostics, Vijaya Diagnostic Centre, and Ami Organics. The six firms, which had filed their respective preliminary IPO papers with the markets regulator between May and June, obtained their observations during July 19-23, an update with Sebi showed on Monday. Aptus Value’s initial public offer (IPO) comprises a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale of up to 64,590,695 equity shares by the promoter and existing shareholders, draft red herring prospectus (DRHP) showed. Proceeds from the fresh issue will be utilised towards augmenting the company’s capital base and to meet future growth requirements. According to merchant banking sources, the IPO is expected to fetch Rs 2,600-3,000 crore.
Online auto classifieds platform CarTrade Tech IPO will be entirely an offer for sale (OFS) of 12,354,811 equity shares. Currently, CMDB II holds 11.93 percent stake in CarTrade, Highdell Investment owns 34.44 percent stake, MacRitche Investment has 26.48 percent shareholding, and Springfield Venture International holds 7.09 percent stake in the company. Founded in 2009, CarTrade is backed by marquee investors — Warburg Pincus, Temasek, JP Morgan, and March Capital. Supriya Lifescience’s IPO comprises a fresh issue of equity shares worth Rs 200 crore and an offer for sale of up to Rs 1,000 crore by its promoter Satish Waman Wagh. Proceeds from the fresh issue will be used for funding capital expenditure requirements, repaying debt, and general corporate purposes.
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