After refiling their IPO papers in August, the companies received regulatory approval between November 4 and 8. Shares of the companies would be listed on the BSE and the National Stock Exchange (NSE).
Inventurus Knowledge Solutions
Mumbai-based Inventurus Knowledge Solutions’ IPO comprises an offer for sale (OFS) of up to 2.82 crore equity shares, each having a face value of Re 1, by promoters and individual shareholders, with no fresh issue component.
The healthcare services provider would not receive any proceeds from the IPO and the entire fund will go to shareholders, since the issue is entirely an offer for sale. The promoters collectively possess 10.74 crore shares, which make up about 62.6% of the company’s issued, subscribed, and paid-up equity share capital, as per the draft red herring prospectus (DRHP).
The Mumbai-based firm is a technology-enabled healthcare solutions provider and a care enablement platform assisting enterprises in the US, Canada and Australia, with a focus on the US markets.
The IPO will be managed by a consortium of book-running lead managers, including ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited.Also Read | Zinka Logistics IPO: GMP at 8% ahead of issue opening on WednesdayManjushree Technopack
Manjushree Technopack is planning to raise Rs 3,000 crore through its IPO. The proposed IPO will consist of a fresh issue of Rs 750 crore and an OFS of equity shares worth Rs 2,250 crore, primarily involving the sale of shares by AI Lenarco Midco Ltd, which currently holds a 97.54% stake in the firm, according to the draft red herring prospectus.
The offer also includes a reservation for a subscription by eligible employees.
Proceeds from the fresh issue would be allocated for various purposes, including repaying Rs 500 crore of debt and funding inorganic growth through acquisitions and other strategic initiatives.
Founded in 1987, Manjushree Technopack is a one-stop packaging solutions provider with end-to-end capabilities from design to delivery. The IPO will be managed by a consortium of book-running lead managers, including JM Financial, Avendus Capital, Citigroup Global Markets, and ICICI Securities.
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