SEBI grants IPO approval to 10 companies including VLCC Health, Metro Brands & 8 other companies

December 2, 2021 Trading 3 min read
sebi approval on ipo

The robust pace in India’s IPO marketplace is poised to continue, with the SEBI approval on IPO for ten additional companies. Electronics Mart India Ltd, Data Patterns India Ltd, India Payments Ltd, Healthium Medtech Ltd, Gemini Edibles & Fats India Ltd, VLCC Health Care Ltd, CE Info Systems Ltd, Metro Brands Ltd, AGS Transact Technologies Ltd and Godavari Biorefineries Ltd are among the companies mentioned.

SEBI Approved IPO Company List

The Securities and Exchange Board of India (SEBI) has approved Data Patterns’ initial public offering (IPO), which would include a fresh issue of Rs 300 crore and an offer for sale of up to 6.07 million shares by promoters and shareholders. Former Blackstone CEO is a shareholder in Data Patterns via Florintree Capital Partners LLP, which owns 12.8 percent of the firm.

MapmyIndia, also known as CE Info Systems, would issue 7.55 million shares in a pure OFS to current shareholders and promoters. MapmyIndia is a leading provider of innovative digital maps, geo-spatial software, and location-based IoT technologies in India, with data that powers Apple Inc.’s maps and Amazon.com Inc.’s Alexa.

Healthium Medtech Ltd, India’s 2nd biggest medical consumables, is planning an IPO that will include a fresh issue of Rs 390 crore and an OFS of up to 39.10 million shares by existing shareholders and promoters.

The IPO of Metro Brands, which is funded by Rakesh Jhunjhunwala, consists of a fresh issue of Rs 250 crore and an OFS of 21.90 million shares by selling shareholders. The revenues from the stock sale will be used to open new outlets for the footwear company.

The IPO of Gemini Edibles and Fats India is a pure OFS worth Rs 2,500 crore. In the sector of sunflower oil, the company is the market leader. Electronics Mart, situated in Hyderabad, is planning an initial public offering (IPO) to generate Rs 500 crore.

VLCC Health Care, a beauty and wellness company, would seek an IPO for the second time, with a fresh offering of Rs. 300 crore and an OFS of up to 8.92 million shares by its current promoters and shareholders. VLCC, which was founded by Vandana Luthra, cancelled its initial public offering in 2016.

The IPO of AGS Transact Technologies, a supplier of omni-channel payment solutions, is a pure OFS worth up to Rs 800 crore for its shareholders and promoters. Godavari Biorefineries’ IPO consists of a Rs 370 crore fresh offering and a 6.56-million-share OFS by promoters and investors. The company is one of India’s largest ethanol producers and a pioneer in the production of ethanol-based compounds. 

The IPO of India Payments consists of a fresh offering of Rs 150 crore and an OFS by existing shareholders and promoters of up to 10.31 million shares.

Frequently Asked Questions (FAQs)

Q1. Is it possible for me to invest in an initial public offering (IPO)?

When a company’s stock is first offered for sale to the general public, it is known as an initial public offering, or IPO. Following an initial public offering (IPO), the company’s shares are listed on a stock exchange and are available for purchase by nearly anybody.

Q2. Who decides how much an initial public offering (IPO) costs?

Many investors in initial public offerings (IPOs) have no idea how a company’s worth is calculated. Before the stock is publicly traded, an investment bank is hired to assess the firm’s and its shares’ value before they are listed on a stock exchange.

Q3. How do you make money from an initial public offering (IPO)?

During the lengthy IPO process, the company’s shares are purchased at a pre-market price. If the company is already well-known around the world, the public offering of its shares will result in a stampede and a price hike.

Q4. What exactly is a DRHP?

Merchant bankers develop a draught red herring prospectus for a firm planning to go public. It is a preliminary document that includes all information on a company, its industry, financials, promoters, and activities, among other things.


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