4 companies will create their public offers this weekIn the next one week, i.e.
between December 6 and December 14, 4 companies, particularly Rakesh Jhunjhunwala-backed Metro Brands, RateGain Travel Technologies, Shriram Characteristics and CE Info Systems (MapmyIndia) will bring out their public offers.December 6 will likewise see the closing of Anand Rathi Wealth's IPO.
In the first two days of its membership in between December 2 and 3, the IPO had actually been subscribed 3.02 times.Here's a look at the four IPOs which will open today: City Brands IPOBillionaire investor Rakesh Jhunjhunwala-backed City Brands will create its IPO on December 10.
It will close on December 14.
The cost band and lot size will be revealed later on this week by the company.Metro Brands' preliminary public offer includes a fresh concern of Rs 295 crore, and a sell of 2,14,50,100 equity shares by promoters.It is among the largest shoes speciality retailers and will use the earnings from the fresh issue to open new stores under brand names such as City, Mochi, Pathway and Crocs.
Remaining funds will be utilized for general corporate purposes.Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala is the third largest shareholder in the company, with 14.73 per cent stake, while the promoter and promoter group own 83.99 percent stake in it.RateGain Travel Technologies IPORateGain Travel Technologies will bring its public concern between December 7 and 9, 2021.
The rate band is Rs 405-425 per share.
Fresh problem is Rs 375 crore while the offer for sale is 2.26 crore equity shares and the IPO size is Rs 1,336 crore.Lot size for retail investors is Rs 14,875 for 35 shares in 1 lot and Rs 1,93,375 for 13 lots.RateGain is the largest software as a service company in the hospitality and travel industry.The anchor book of the company is anticipated to open for a day on December 6.
The deal includes shares worth Rs 5 crore for the company's workers, who can subscribe at a discount rate of Rs 40 per share.The public concern will fetch the business Rs 1,335.73 crore at the upper price band.Proceeds from it will be used for paying back financial obligations availed by its subsidiary RateGain UK, payment of deferred consideration for acquisition of DHISCO and tactical financial investments, acquisitions as well as inorganic growth.Shriram Characteristic IPOReal estate company Shriram Characteristic will come out with its IPO in between December 8 and 10, 2021.
The cost band is Rs 113-118 per share while the fresh concern is Rs 250 crore.
The sell is of Rs 350 crore and the IPO size is Rs 600 crore.The lot size for retail financiers is Rs 14,750 for 1 great deal of 125 shares.The south India-based domestic realty development business will utilize the funds from the fresh concern to pay back financial obligation and basic corporate purposes.CE Info Systems (MapmyIndia) IPOMapmyIndia will reveal its IPO between December 9 and 13, 2021.
It has actually not revealed its cost band and the fresh concern information are likewise not offered as of now.
The offer for sale though is 1.006 crore shares.The IPO size is Rs 1,200 crore.CE Details Systems public deal is entirely a sell by investors that include Qualcomm Asia Pacific Private Limited.MapmyIndia is an information and technology items and platforms business, providing proprietary digital maps as a service, software application as a service and platform as a service.