Upcoming IPO list consist of Rs 11,000 crore worth of IPOs in this Week

Upcoming IPO list consist of Rs 11,000 crore worth of IPOs

In the list of Upcoming IPO three major IPOs are going to hit the D-Street in this week. This upcoming IPO are of Rs 11,000 crore worth. The Upcoming IPO (Initial Public Offering) would hit D-street in this week i.e. from 30 October 2017 to 3 November, 2017. Those three IPOs are

  1. Mahindra Logistics Limited IPO
  2. New India Assurance IPO
  3. Khadim India Limited IPO

Upcoming IPO of Rs 11,000 Crore:

mahindra logistic ipo

  1. Mahindra Logistic Limited IPO:

Incorporated in 2008, Mahindra Logistics Limited is end-to-end logistics solution and service provider. Mahindra Logistics is part of Mahindra Group (M&M), one of India’s leading corporate groups with operations across several industries and countries. Before 2008 the logistics business of M&M was operated as a division of M&M serving the transportation and distribution, warehousing and in-factory logistics requirements of M&M.

Issue Details of Mahindra Logistic Limited IPO:

  • IPO Opens on : Oct 31, 2017
  • IPO Closes on :Nov 2, 2017
  • Issue Type: Book Built Issue IPO
  • Issue Size: 19,332,346 Equity Shares of Rs aggregating up to Rs 821.62cr-Rs 829.36 Cr
  • Face Value: INR 10 per share
  • Price Band: INR 425-429 Per Equity Share (tentative)
  • Minimum Order Quantity: 34 Shares
  • Minimum Appication Amt : INR 14,586
  • Listing will at: NSE,BSETentative timetable Mahindra Logistic Limited IPO:
  • Basis of Allotment: 8 November.
  • Refunds: 9 November.
  • Credit to demat accounts: 9 November.
  • Listing: 10 November.

New India Assurance IPO

  1. New India Assurance IPO:

  • New India Assurancewas established at Mumbai on 23 July, 1919 as a limited company. At the time of incorporation the name of the company was ‘The New India Assurance Company Limited’.
  • Company got the certificate of commencement of business on 14 Oct, 1919.
  • Company is registered with the Insurance Regulatory and Development Authority of India (“IRDAI”) for carrying out the business of general insurance.
  • The President of India, acting through the MoF is the promoter of the company and holds 100% of the pre-Offer paid-up Equity Share capital of the company.
  • NIA offers insurance in categories including fire insurance; marine insurance, motor insurance, crop insurance, health insurance and other insurance products.
  • New India Assurance is oldest and largest General Insurance Company in India except crop insurance.
  • Company is having 68,389 individual agents, 16 corporate agents,25 banks, large number of OEM and automotive dealers.

Issue Details of New India Assurance IPO:

  • Issue Open: Nov 1, 2017 – Nov 3, 2017
  • Issue Type: Book Built Issue IPO
  • Issue Size: 120,000,000 Equity Shares of Rs 5 aggregating up to Rs 9240 Cr- Rs 9600 crore
    ›  Fresh Issue of 24,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
    › Offer for Sale of 96,000,000 Equity Shares of Rs 5 aggregating up to Rs [.] Cr
  • Face Value: Rs 5 Per Equity Share
  • Issue Price: Rs 770 – Rs 880 Per Equity Share
  • Market Lot: 18 Shares
  • Minimum Order Quantity: 18 Shares
  • Listing At: BSE, NSE

Tentative timetable of New India Assurance IPO:

  • Finalisation  of Allotment: On  November 8, 2017
  • Refunds: On  November 9, 2017
  • Credit  to demat accounts: On  November 10, 2017
  • Commencement of trading :  November 13, 2017

Khadim India IPO

3.       Khadim India IPO:

  • The company was established in 3 December, 1981 under the provisions of companies Act, 1956 at West Bengal at Kolkata.
  • At the time of incorporation it was a private limited company by the name of “N. Footwear Industries Private Limited”. But on 17 April, 1998 the name of the company was once again changed to “Khadim Chain Stores Private Limited”.
  • Later on 24 June, 2005 the company was converted from private limited to public limited with name of “Khadim Chain Stores Limited”.
  • Company operates exclusive retail stores under the brand name of “Khadims”. The major presence of the company is in East India.
  • Khadim India operates in two business model. One is retail and other is distribution.
  • Company is having 829 “Khadims” branded stores out of which 167 stores are owned by company and rest is owned by franchisee. Company is having 357 distributors.
  • The net revenue from retails stores of the company is 70% of the total revenue of the company.
  • Company is having two owned manufacturing unit and two outsource manufacturing unities.
  • Its core business objective is ‘Fashion for Everyone’, and it believes that the Company has established an identity as an ‘affordable fashion’ brand, catering to the entire family for all occasions.

Issue Details of Khadim India IPO:

  • Issue Open: Nov 2, 2017 – Nov 6, 2017
  • Issue Type: Book Built Issue IPO
    Issue Size:
    ›  Khadim India IPO size is Rs 543 crore.
    ›  Offer for Sale of 6,574,093 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 745 – Rs 750 Per Equity Share
  • Market Lot: 20 Shares
  • Minimum Order Quantity: 20 Shares
  • Listing At: BSE, NSE

Shares offered to

  • Anchors  21,72,228 Shares = INR 162.92Crs
  • QIB  14,48,152 Shares = INR108.61Crs
  • NII  10,86,113 Shares = INR 81.46Crs
  • RII  25,34,266 Shares = INR 190.07Crs (Lot size: 20 = 1,26,713 Forms)

Tentative timetable Khadim India IPO:

  • 26th Oct – Price Band  announced
  • 01st Nov – Anchor List
  • 02nd Nov – Offer Opens
  • 06th Nov – Offer Closes
  • 10th Nov – Finalisation of Basis of Allotment
  • 13th Nov – Unblocking of ASBA
  • 13th Nov – Credit to Demat Accounts
  • 14th Nov – Listing on NSE & BSE

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