The new financial year has started with a buzz across the primary market. Host of companies have filed their draft red herring prospectus with market regulator SEBI in a bid to realise their listing aspirations.
Runwal Enterprises IPO
Mumbai-based Real Estate Player Runwal Enterprises has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,000 crore through an initial public offering (IPO). It will be a fresh issue of Rs 1000 crore with no offer-for-sale component.
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Specialising in residential projects, the company may consider a pre-IPO placement aggregating to Rs 200 crores. However, the pre-IPO placement shall not exceed 20% of the size of the fresh issue. In that case the size of the fresh issue will be reduced. The issue is being made through the book-building process. 75% allocation will be made to qualified institutional buyers,15% of the offer shall be available for allocation to non-institutional bidders, and 10% of the offer will be available for retail bidders.
Anand Rathi Share and Stock Brokers refiles DRHP
Anand Rathi Group’s Brokerage Arm, Anand Rathi Share and Stock Brokers has refiled its DRHP with SEBI for Rs 745 crore IPO. It had earlier filed the issue in December, 2024. The IPO with a face value of Rs 5 is entirely a fresh issue of shares up to Rs 745 crore and it may consider a Pre-IPO placement of Rs 149 crore.
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50% of this book built issue will be allocated to qualified institutional buyers while 15% and 35% of the net offer is allocated to non-institutional and retail investors.
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