Last Updated on Feb 17, 2022 by Ayushi Mishra
Uma Exports, Jesons Industries, and Capital Small Finance Bank have received approval from the capital markets regulator to go public.
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Capital Small Finance Bank
Capital Small Finance Bank submitted draft papers for its initial public offering (IPO) in November, which includes an issue of Rs. 450 cr. in shares and an offer for sale of up to 3.84 mn. shares by Amicus Capital Private Equity I LLP and others.
The proceeds will be utilised to supplement the Tier I capital base in order to satisfy future capital requirements. Tier I capital base is Rs. 446 cr. as of June 2021, and capital to risk (weighted assets ratio) is 21.12%. The issue’s lead managers are Edelweiss Financial Services, Axis Capital, and SBI Capital Markets.
Uma Exports submitted draft documents on 2 July 2021, stating that it intends to raise about Rs. 36 cr. through a fresh issuance and an offer for sale of up to 14.69 mn. shares by investors and promoters.
The proceeds will be utilised to expand the business by expanding the production facilities in Timba, Gujarat, as well as to repay or prepay unsecured debts, among other things.
In November, Jesons Industries submitted draft documents for a new issuance of shares worth Rs. 120 cr., as well as an offer for sale of more than 1.21 cr. equity shares by proprietor Dhiresh Shashikant Gosalia.
Jesons, situated in Mumbai, may possibly consider a pre-IPO placement offering to raise Rs. 24 cr. The revenues of the offering will be used to pay off debt.