Rakesh Jhunjhunwala-Backed Metro Brands And Three More IPOs To Unveil This Week

Published:Nov 29, 202307:36

Rakesh Jhunjhunwala-Backed Metro Brands And 3 More IPOs To Unveil This Week

Four firms will give you their public presents this week

In the subsequent one week, i.e. between December 6 and December 14, 4 firms, specifically Rakesh Jhunjhunwala-backed Metro Brands, RateGain Travel Technologies, Shriram Properties and CE Info Systems (MapmyIndia) will come out with their public presents.December 6 may also see the closing of Anand Rathi Wealth's IPO. In the primary two days of its subscription between December 2 and three, the IPO had been subscribed 3.02 occasions.Here's a take a look at the 4 IPOs which can open this week:Metro Brands IPOBillionaire investor Rakesh Jhunjhunwala-backed Metro Brands will give you its IPO on December 10. It will shut on December 14.The worth band and lot dimension can be introduced later this week by the corporate.Metro Brands' preliminary public provide consists of a contemporary problem of Rs 295 crore, and a proposal on the market of two,14,50,100 fairness shares by promoters.It is among the many largest footwear speciality retailers and can use the proceeds from the contemporary problem to open new shops underneath manufacturers resembling Metro, Mochi, Walkway and Crocs. Remaining funds can be used for normal company functions.Rakesh Jhunjhunwala's spouse Rekha Jhunjhunwala is the third largest shareholder within the firm, with 14.73 per cent stake, whereas the promoter and promoter group personal 83.99 per cent stake in it.RateGain Travel Technologies IPORateGain Travel Technologies will deliver its public problem between December 7 and 9, 2021.The worth band is Rs 405-425 per share. Fresh problem is Rs 375 crore whereas the provide on the market is 2.26 crore fairness shares and the IPO dimension is Rs 1,336 crore.Lot dimension for retail traders is Rs 14,875 for 35 shares in 1 lot and Rs 1,93,375 for 13 heaps.RateGain is the most important “software as a service” firm within the hospitality and journey business.The anchor e-book of the corporate is predicted to open for a day on December 6.The provide contains shares value Rs 5 crore for the corporate's workers, who can subscribe at a reduction of Rs 40 per share.The public problem will fetch the corporate Rs 1,335.73 crore on the higher worth band.Proceeds from it will likely be used for repaying money owed availed by its subsidiary RateGain UK, fee of deferred consideration for acquisition of DHISCO and strategic investments, acquisitions in addition to inorganic progress.Shriram Properties IPOReal property firm Shriram Properties will come out with its IPO between December 8 and 10, 2021.The worth band is Rs 113-118 per share whereas the contemporary problem is Rs 250 crore. The provide on the market is of Rs 350 crore and the IPO dimension is Rs 600 crore.The lot dimension for retail traders is Rs 14,750 for 1 lot of 125 shares.The south India-based residential actual property growth firm will use the funds from the contemporary problem to repay debt and normal company functions.CE Info Systems (MapmyIndia) IPOMapmyIndia will unveil its IPO between December 9 and 13, 2021. It has not introduced its worth band and the contemporary problem particulars are additionally not accessible as of now. The provide on the market although is 1.006 crore shares.The IPO dimension is Rs 1,200 crore.CE Info Systems public provide is totally a proposal on the market by shareholders which embody Qualcomm Asia Pacific Private Limited.MapmyIndia is a knowledge and expertise merchandise and platforms firm, providing proprietary digital maps as a service, software program as a service and platform as a service.

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