Vectus Industries files Rs 500-cr IPO papers with Sebi 19/06/2018

Vectus Industries files Rs 500-cr IPO papers with Sebi
19/06/2018
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Vectus Industries, a leading B2C (business-to-consumer) focused water storage and piping solutions provider, today filed draft papers with the Sebi to raise an estimated Rs 500 crore through an initial public offering, reported PTI. The IPO comprises fresh issue of shares worth Rs 85 crore, besides, an offer for sale of up to 38,98,575 equity shares by the existing shareholders, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). Private equity firm Latinia Ltd will sell 28,46,829 equity shares through this IPO, 6,57,341 equity shares will be offered by Ashish Baheti and up to 3,94,405 equity shares by Atul Ladha. According to merchant banking sources, the IPO is expected to fetch Rs 500 crore. Edelweiss Financial Services Ltd, ICICI Securities Ltd and IDFC Bank Ltd will manage the company's initial public offer (IPO).

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Craftsman Automation files IPO papers with Sebi 14/06/2018

Craftsman Automation files IPO papers with Sebi
14/06/2018
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Auto component maker Craftsman Automation has filed draft papers with markets regulator Sebi for its Initial Public Offering (IPO), reported PTI. The IPO comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale of up to 43,83,320 shares of Craftsman Automation by promoters, as per the DRHP filed with Securities and Exchange Board of India (Sebi). The promoters offloading the stakes include Srinivasan Ravi (2.10 lakh shares), Marina III (SINGAPORE) (over 15.59 lakh), IFC (14.14 lakh ) and K Gomatheswaran (up to 12 lakh ). The company proposes to utilise the funds towards funding the repayment/pre-payment, in full or part, of certain borrowings and for general corporate purposes. The shares offered through the IPO are proposed to be listed on stock exchanges and the company has received 'in-principle' approval from BSE and NSE for the listing. International Finance Corporation (IFC) and Marina presently hold 14.06 per cent and 15.50 per cent stake, respectively, in the company. Besides, Srinivasan Ravi holds 52.83 per cent stake and K Gomatheswaran (7.04 per cent). There is a reservation of equity shares worth Rs 5 crore for subscription by eligible employees, constituting 5 per cent of the post offer paid up share capital of the company. ICICI Securities, IIFL Holdings and SBI Capital Markets are the book running lead managers to the issue. Headquartered in Coimbatore, the company has satellite units across India namely Pune, Faridabad, Pithampur, Jamshedpur, Bangalore, Sriperumbudur and Chennai with a total built up area of over 1,00,000 square meters.

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Rites Ltd. announces launch of initial public offering 13/06/2018

Rites Ltd. announces launch of initial public offering
13/06/2018
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Rites Ltd. has announced public offering of 25200000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 175.00 per share. The gross proceeds of the issue are expected to be Rs 46,620.00 lakhs. The company's initial public offer (IPO) will open on Wednesday, June 20, 2018 and is expected to close on Friday, June 22, 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 180.00-185.00 per share. The IPO includes a fresh Issue of 25200000 Equity Shares of the Company at an price of Rs 185.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 80 shares with bids in multiples of 80. Elara Capital (India) Private Limited,IDBI Capital Markets & Securities Limited,SBI Capital Markets Ltd.,IDFC Bank Ltd. as lead manager(s) & LINK INTIME INDIA PRIVATE LIMITED is the registrar, to the issue.
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Fine Organic Industries announces launch of initial public offering 13/06/2018

Fine Organic Industries announces launch of initial public offering
13/06/2018
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Fine Organic Industries Ltd. has announced public offering of 7664994 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 778.00 per share. The gross proceeds of the issue are expected to be Rs 60,016.90 lakhs. The company's initial public offer (IPO) will open on Wednesday, June 20, 2018 and is expected to close on Friday, June 22, 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 780.00-783.00 per share. The IPO includes a fresh Issue of 7664994 Equity Shares of the Company at an price of Rs 783.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 19 shares with bids in multiples of 19. Edelweiss Financial Services Ltd.,JM Financial Institutional Securities Limited. as lead manager(s) & KARVY COMPUTERSHARE PRIVATE LIMITED is the registrar, to the issue.

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Priti International announces launch of initial public offering 08/06/2018

Priti International announces launch of initial public offering
08/06/2018
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Priti International Ltd. has announced public offering of 700800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 525.60 lakhs. The company's initial public offer (IPO) will open on Monday, June 11, 2018 and is expected to close on Wednesday, June 13, 2018, subject to customary closing conditions. The IPO includes a fresh Issue of 700800 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600. Priti International Ltd. anticipates using the proceeds of the issue for Purchase of Plant & Machinery and related civil work, Funding the working capital requirements of the Company, General Corporate Purposes. Pantomath Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.

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Accuracy Shipping announces launch of initial public offering 07/06/2018

Accuracy Shipping announces launch of initial public offering
07/06/2018
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Accuracy Shipping Ltd. has announced public offering of 4257600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 74.00 per share. The gross proceeds of the issue are expected to be Rs 3,576.38 lakhs. The company's initial public offer (IPO) will open on Monday, June 11, 2018 and is expected to close on Thursday, June 14, 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 81.00-84.00 per share. The IPO includes a fresh Issue of 4257600 Equity Shares of the Company at an price of Rs 84.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600. Accuracy Shipping Ltd. anticipates using the proceeds of the issue for Part repayment/prepayment of certain secured borrowings availed by the Company, Purchase of goods transportation vehicle, Funding the working capital requirements of the Company, General corporate purposes. Pantomath Capital Advisors Pvt. Ltd. as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.

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Shreeoswal Seeds announces launch of initial public offering 07/06/2018

Shreeoswal Seeds announces launch of initial public offering
07/06/2018
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Shreeoswal Seeds and Chemicals Ltd. has announced public offering of 4576000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 16.00 per share. The gross proceeds of the issue are expected to be Rs 1,189.76 lakhs. The company's initial public offer (IPO) will open on Thursday, June 7, 2018 and is expected to close on Tuesday, June 12, 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 25.00-26.00 per share. The IPO includes a fresh Issue of 4576000 Equity Shares of the Company at an price of Rs 26.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000. Shreeoswal Seeds and Chemicals Ltd. anticipates using the proceeds of the issue for Purchase of New Plant & Machinery, Funding the working capital requirements of the Company, General corporate purposes. Pantomath Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt Ltd. is the registrar, to the issue.

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Devi Sea Foods' IPO plans on hold: Media Reports 07/06/2018

Devi Sea Foods' IPO plans on hold: Media Reports
07/06/2018
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Indian shrimp exporter Devi Sea Foods has reportedly put its IPO launch on hold temporarily, given the overall market conditions, said the media reports. The company was planning to raise up to Rs 1,000 crore through the proposed IPO, which they were eyeing in 2018. As per the media reports, stock price of listed peers such as Avanti Feeds and Apex Frozen Foods have had a bad time recently and have fallen significantly, due to which the valuations that were expected a few months ago are not realistic today, said a person aware of the company’s initial public offering plans. Founded in 1992 and based in Visakhapatnam, Andhra Pradesh, Devi Seafoods is a supplier of frozen shrimps with its own processing plant, aquaculture farms and shrimp hatchery.

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Fino Payments Bank plans Rs 300-cr IPO by Oct 04/06/2018

Fino Payments Bank plans Rs 300-cr IPO by Oct
04/06/2018
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Fino Payments Bank is looking to raise up to Rs 300 crore through a share sale by October, a top official has said as per the PTI report. "We should raise Rs 300 crore by September-October," managing director and chief executive Rishi Gupta told reporters here. He said the share sale will consist of both fresh issue of shares and offer for sale by promoters, and the proceeds will be used for business expansion, technology and marketing, and a secondary deal where existing investors will dilute thier stakes. The bank, which has ICICI Bank, IFC and the state-run oil marketeer BPCL among others as shareholders, is in the final stages of appointing merchant bankers for the share sale, he said. It is targeting to increase the number of branches by 100 during the fiscal in addition to the current 422, he said. The bank also launched four new products, including a UPI platform, highway toll payment product, net banking service and a digitally opened savings account. It is also planning to rollout 10,000 micro-ATMs, he said.

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PSU Garden Reach Shipbuilders gets Sebi's go ahead for IPO 29/05/2018

PSU Garden Reach Shipbuilders gets Sebi's go ahead for IPO
29/05/2018
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State-owned Garden Reach Shipbuilders and Engineers has received markets regulator Sebi's go ahead to float an initial public offering. The warship maker had filed its draft red herring prospectus (DRHP) with Sebi on March 26 and obtained its "observations" on May 22, as per the latest update with the markets watchdog, reported PTI. Sebi's observations are necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO) and rights issue. Going by the draft papers, Garden Reach Shipbuilders' IPO will see government selling 20,046,600 equity share -- or a 17.5 percent stake -- in the company. The public issue is being made as the government intends to unlock the real value of such PSUs and bring in greater accountability. IDBI Capital Markets and Securities and Yes Securities (India) are the merchant bankers managing the IPO. The equity shares of the company are proposed to be listed on the BSE and NSE. Earlier this month, another state-run Rail Vikas Nigam received Sebi's go-ahead to launch an IPO, while two other firms -- Indian Renewable Energy Development Agency Ltd and RITES Ltd secured the markets watchdog approval in February. So far this year, the government has pared its stake in Hindustan Aeronautics Ltd, Bharat Dynamics Ltd and Mishra Dhatu Nigam Ltd. The move is part of the government's disinvestment drive aimed at raising Rs 80,000 crore from stakes sales in state-run companies in 2018-19.

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Montecarlo files Rs 550-cr IPO papers with Sebi 25/05/2018

Montecarlo files Rs 550-cr IPO papers with Sebi
25/05/2018
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Construction company Montecarlo Ltd has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 550 crore through an initial public offer, reported PTI. The IPO comprises fresh issuance of shares worth Rs 450 crore besides an offer for sale of up to 30 lakh equity stocks by existing shareholder Kanubhai M Patel Trust, as per the draft papers. According to merchant banking sources, the initial public offer (IPO) is expected to fetch Rs 550 crore. Proceeds of the issue will be utilised towards investment in the company's projects, to meet working capital requirements and for other general corporate purposes. Edelweiss Financial Services, Axis Capital and IDFC Bank will manage the company's public issue. The Ahmedabad-based firm has more than two decades of execution experience having completed 67 EPC (engineering, procurement, construction) projects. As of December 31, 2017, they have an order book of Rs 5,300 crore. Subsequent to December 2017, the firm has been awarded 11 new infrastructure construction and development projects.

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Minda Corporation raises Rs 310 cr via QIP 24/05/2018

Minda Corporation raises Rs 310 cr via QIP
24/05/2018
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Auto component maker Minda Corporation today said it has raised Rs 310 crore from qualified institutional placement (QIP) of shares. International and domestic institutional investors participated in the issue, Minda Corporation said in a statement. "This helps us prepare for aggressively pursuing future growth and also expanding our shareholder base," Minda Corporation Chairman and Group CEO Ashok Minda said. Minda Corporation has a diversified product portfolio that encompasses safety, security and restraint systems; driver information and telematics systems and interior systems for auto OEMs. The company has 34 manufacturing facilities across India, South-East Asia, Europe and North America.

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SaleBhai files draft prospectus with BSE for IPO 24/05/2018

SaleBhai files draft prospectus with BSE for IPO
24/05/2018
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E-commerce firm SaleBhai Internet has filed a draft prospectus (DP) with the BSE's SME platform to launch initial public offer for raising around Rs 24 crore, reported PTI. "For its IPO, SaleBhai is issuing 22,59,600 equity shares, offering 26.58 per cent of the company's equity in the market, and will be listed on the Bombay Stock Exchange's (BSE) SME Platform. It is looking to raise Rs 23.73 crores," SaleBhai said in a statement. The Ahmedabad-based startup intends to use the funds raised through the IPO towards growing the company through increased customer acquisition, improved IT platform, addition of more authentic sellers as well as product categories, and improve customer experience, the statement said. "SaleBhai had already garnered the interest of 71 high net worth individuals. Most of them were customers who became investors in the company. These existing customers-turned-investors come from various fields such as IT, finance, business etc," SaleBhai said.
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Rail Vikas Nigam gets Sebi's go-ahead to launch IPO 22/05/2018

Rail Vikas Nigam gets Sebi's go-ahead to launch IPO
22/05/2018
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Rail Vikas Nigam Ltd. has received capital markets regulator SEBI’s go-ahead to float an initial public offering, reported PTI. RVNL had filed its draft red herring prospectus with Securities and Exchange Board of India on March 28 and obtained its ‘observations’ on May 17, as per the latest update with the markets watchdog. The market regulator’s observations are necessary for any company to launch public issues like initial public offer, follow-on public offer and rights issue. Going by the draft papers, the IPO of RVNL, which builds infrastructure for high speed rail, will see sale of 2.08 crore equity shares or 10 percent stake by the government. The public issue is being managed by Yes Securities, Elara Capital (India) and IDBI Capital Markets & Securities. The equity shares of the company are proposed to be listed on the BSE and NSE. So far this year, state-run companies like Mishra Dhatu Nigam, Bharat Dynamics and Hindustan Aeronautics have already got listed on stock exchanges.

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Indostar Capital Finance list at 4.9% premium at Rs 600.60 21/05/2018

Indostar Capital Finance list at 4.9% premium at Rs 600.60
21/05/2018
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Indostar Capital Finance Ltd. listed at a premium of 4.9 per cent at Rs 600 per share on the BSE. The issue price was Rs 572. The stock price hit a high of Rs 606.80 and low of Rs 591.10 after good opening. The initial public offer was subscribed 6.8 times during May 9-11. SME lenders such as Shriram City Union Finance Ltd., Capital First Ltd., MAS Financial Services Ltd. and real estate lenders like Piramal Enterprises Ltd. are among the listed rivals of Indostar Capital Finance.

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Sansera Engineering plans IPO; to raise up to Rs 1K-cr 17/05/2018

Sansera Engineering plans IPO; to raise up to Rs 1K-cr
17/05/2018
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Sansera Engineering is looking to raise around Rs. 1000 crore, said the media reports. The Company has started a process to appoint investment bankers for its IPO. Sansera is one of the highly exclusive band of engineering companies globally that builds its own CNC-SPMs, allowing its customers to benefit from a dual advantage - cost-effectiveness and enhanced machining capabilities. Founded in 1987, Sansera’s product portfolio encompasses components such as crankshaft assemblies, rocker arms, gear shifter forks, common rail, connecting rods and others. Sansera has seven manufacturing facilities spread across the states of Maharashtra, Karnataka, Himachal Pradesh and Uttaranchal.

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Devi Seafoods get Sebi’s nod for IPO 15/05/2018

Devi Seafoods get Sebi’s nod for IPO
15/05/2018
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Devi Seafoods received capital markets regulator Sebi’s approval to float initial public offering, reported PTI. Devi Seafoods had filed its IPO papers in March and obtained Sebi’s “observations” on 11 May, latest update with markets regulator showed. Devi Seafoods’ IPO will see sale of shares by the company’s promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, preliminary papers filed with Sebi showed. The public offer is expected to fetch Rs 900 crore, according to merchant banking sources. Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company’s public issue.

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Indostar Capital Finance IPO subscribed 6 times overall 14/05/2018

Indostar Capital Finance IPO subscribed 6 times overall
14/05/2018
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The initial public offer of non-banking finance company Indostar Capital Finance was subscribed 6.80 times on the last Friday, reported PTI. The Rs 1,844-crore IPO received bids for 15,34,39,156 shares against the total issue size of 2,25,75,438 shares, data available with the NSE showed. The qualified institutional buyers (QIBs) portion was subscribed 16.05 times, non institutional investors 6.92 times and retail investors 1.34 times, merchant banking sources said. The IPO comprises fresh issue of up to Rs 700 crore and an offer for sale of up to 2 crore equity shares, including anchor portion of 9,671,328 shares. The price band has been fixed at Rs 570-572 apiece. Proceeds from the fresh issue of shares would be used to augment capital base to meet future capital requirements. JM Financial, Kotak Mahindra Capital Company, Morgan Stanley India Company, Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) are managing the issue.

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SIRCA Paints' Rs 78-cr IPO to open on May 16 11/05/2018

SIRCA Paints' Rs 78-cr IPO to open on May 16
11/05/2018
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SIRCA Paints India said it has fixed a price band of Rs 151-160 per share for its initial public offering through which it is estimated to raise Rs 78 crore, reported PTI. The company's initial public offer (IPO) will open on May 16 and close on May 18, SIRCA Paints said in a statement. The company's IPO committee has finalised allocation of up to 48,69,600 equity shares of face value of Rs 10 for cash at a price band of Rs 151–160 per share. At the upper end of the price band, the firm is expected to raise Rs 77.91 crore. The shares will be listed on NSE's Emerge platform. Proceeds of the issue will be utilised to finance the expenditure of plant development; purchase of plant and machinery; and to meeting working capital requirements.

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Indostar Capital garners Rs 553 cr from anchor investors, IPO opens today 09/05/2018

Indostar Capital garners Rs 553 cr from anchor investors, IPO opens today
09/05/2018
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Non-banking finance company Indostar Capital Finance said it has raised a little over Rs 553 crore from anchor investors, ahead of its initial public offering, which opens today, reported PTI. The company's IPO committee has finalised allocation of 96,71,329 equity shares to as many as 24 investors at Rs 572 apiece, also the upper price band for the offer, Indostar Capital said in a statement. At this price, the total amount works out to be Rs 553.19 crore, it added. Among the anchor investors are SBI Mutual Fund (MF) HDFC MF, Aditya Birla Sunlife MF, Fidelity, EastBridge, ICICI Lombard General Insurance, ICICI Prudential Life Insurance and Bajaj Alliance Life. Indostar Capital's Rs 1,844-crore IPO will be open for public subscription during May 9-11, with a price band of Rs 570-572 per share. The IPO comprises fresh issuance of shares worth Rs 700 crore, besides, an offer-for-sale involving up to 2 crore shares. Proceeds of the fresh issue will be used to augment capital base to meet future capital requirements. The promoters and the existing shareholders will dilute up to 30 per cent of their ownership through the public issue. The company is 42.3 per cent owned by the private equity fund Everstone Capital, while ACP Libra owns 16.35 per cent and Beacon India PE owns 10.8 per cent. The issue is being managed by JM Financial, Kotak Mahindra Capital, Morgan Stanley, Motilal Oswal and Nomura.

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TCNS Clothing gets Sebi go-ahead for IPO 08/05/2018

TCNS Clothing gets Sebi go-ahead for IPO
08/05/2018
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Women's apparel maker TCNS Clothing Company has received markets regulator Sebi's go-ahead to float an initial public offering, reported PTI. TCNS sells its products under W, Aurelia and Wishful brands. The firm had filed draft papers with the regulator in February and obtained its "observations" on May 4, according to the latest update with the Securities and Exchange Board of India. Sebi's observations are necessary for every company planning to launch a public issue like initial public offer (IPO), follow-on public offer (FPO) and rights issue. With this, the total number of companies receiving Sebi's approval has reached 16 so far this year. Going by the draft papers, little over 1.57 crore shares are to be offloaded through the offer-for-sale (OFS) route. Among others, promoters -- Onkar Singh Pasricha and Arvinder Singh Pasricha -- will offload shares in the IPO. Of the total, 47.14 lakh shares would be allocated to anchor investors. "Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity to our shareholders," the draft papers noted. Kotak Investment Banking and Citi are the book running lead managers for the offer. As on September 30, 2017, TCNS sold its products through 418 exclusive brand outlets, 1,305 large format store outlets and 1,361 multi-brand outlets in different parts of the country. It also sold products through six exclusive brand outlets in Nepal, Mauritius and Sri Lanka.

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