Sunil Shankar Matkar
September 21, 2023 / 06:59 PM IST
Zaggle Prepaid Ocean Companies, and Samhi Accommodations are going to list their shares on the bourses in T+3 timeline, i.e. September 22, which indicated that the companies are progressively entering into novel IPO listing timeline launched by the Sebi.
The implementation of present timeline T+3 in opposition to earlier T+6 timeline is voluntary for companies launching IPO since September 1, however this would possibly maybe also be obligatory for all IPOs opening with achieve from December 1, 2023.
Unless now, stainless-steel-essentially essentially based fully products maker Ratnaveer Precision Engineering listed within the T+3 timeline on 11th of September, whereas Gujarat-essentially essentially based fully wires and cables manufacturer RR Kabel made its listing in T+2 timeline, i.e. September 20, turning into the first company to attain the identical.
Zaggle Prepaid and Samhi Accommodations had been supposed to list on September 27, as per the sooner IPO agenda available within the red herring prospectus.
Zaggle Prepaid Ocean Companies
The commerce exercise management instrument and companies supplier has closed its public discipline on September 18, with 12.57 times subscription. The provide used to be opened on September 14.
Qualified institutional investors possess purchased 16.73 times the distributed quota, whereas the substances reserved for prime networth folk and retail merchants had been subscribed 8.85 times and 5.94 times, respectively.
Additionally read: Signature World IPO fully subscribed on second day of bidding
The SaaS-essentially essentially based fully fintech platform has raised Rs 563.38 crore by strategy of preliminary public offering at the upper value band of Rs 164 per portion. The provide comprised a fresh discipline shares value Rs 392 crore and an provide-for-sale (OFS) of 1.04 crore shares value Rs 171.38 crore by eight selling shareholders.
The value band for the provide used to be Rs 156-164 per portion.
Zaggle is now backed by several marquee merchants a lot like Morgan Stanley, Societe Generale, Goldman Sachs, Matthews Asia Funds, Copthall Mauritius Investment, Sunil Singhania's Abakkus, Ashish Kacholia, and Madhu Kela.
Privately held Samhi Accommodations failed to attract overwhelming response from merchants. The public discipline used to be subscribed 5.33 times for the length of September 14-18, mainly backed by licensed institutional investors who possess purchased 8.82 times the distributed quota.
Additionally read: Updater Companies IPO value band enviornment at Rs 280-300 a portion
The high score-value folk and retail merchants possess expose 1.22 times and 1.11 times the half enviornment aside for them.
The prominent branded resort ownership and asset management platform has mopped up Rs 1,370.1 crore by strategy of maiden public discipline at the upper value band. It used to be comprised a fresh discipline of shares value Rs 1,200 crore, and an provide-for-sale (OFS) of 1.35 crore shares value Rs 170.1 crore by three selling shareholders.
Singapore-essentially essentially based fully Blue Chandra, owned by Equity World Fund V; Goldman Sachs Investments Holdings (Asia), and GTI Capital Alpha offloaded their some shares within the OFS.
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The value band for the provide used to be Rs 119-126 per portion.
Rather than global merchants fancy Equity World, ACIC Mauritius and Goldman Sachs, now the corporate is getting lend a hand from more marquee merchants a lot like Monetary Authority of Singapore, Executive of Singapore, HSBC World, CLSA, Citigroup, and Societe Generale.
Samhi Accommodations, which acquires or builds essentially commerce motels, owns a portfolio of 4,801 keys at some level of 31 working motels in key city consumption centres in India as of August.