3 IPOs to garner Rs 1,830 crore next week; Uniparts India to make debut

New Delhi: While the calendar 2022 is approaching its end, there is ample action left for the domestic primary market, which has been busy with new issues and listings lately.

In the upcoming week, three initial public offerings (IPOs) are set to knock at Dalal Street to mobilise funds about Rs 1,830 crore via primary. Besides them, another player- Uniparts India- is set to make its debut in the bourse.

Sula Vineyards and Abans Holdings will launch their initial offerings on Monday, December 12. But the former one’s issue will conclude on Wednesday, December 14 whereas the latter one will close on Thursday, December 15.

Sula Vineyards is looking to raise Rs 960.35 crore via its IPO, which is completely an offer or sale (OFS) of about 2.69 crore shares. The company has fixed its price band in the range of Rs 340-357 apiece with a lot size of 42 shares.

Incorporated in 2003, Nashik based Sula Vineyards is India’s largest wine producer and seller, as of March 31, 2021. It has a bouquet of popular brands including Sula, RASA, Dindori, The source, Satori, Madera and Dia, among others.

Abans Holdings, which is selling its shares in the range of Rs 256-270 apiece with a lot size of 55 shares, is looking to raise Rs 345.6 crore via primary route. The issue include a fresh block of Rs 102.6 crore and OFS of Rs 243 crore.

Incorporated in 2009, Mumbai based Abans Holdings is the financial services arm of Abans Group. The company provides a wide range of services across six countries including the UK, Singapore, UAE, China, Mauritius and India.

Incorporated in 1998, Landmark Cars is the third issue, whose IPO will be open for subscription between December 13-15 in the range of Rs 481-506 apiece, with a lot size of 29 equity shares.

The company is eyeing to raise Rs 552 crore via its initial offering for the investors including a fresh issue of Rs 150 crore, whereas existing shareholders and promoters will offload shares worth Rs 402 crore.

Landmark Cars is the premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company caters to the commercial vehicle retail business of Ashok LeylandNSE -1.38  India

Apart from these, Unipart India is set to make its Dalal Street debut on Monday. Its Rs 835.6 crore IPO was sold in the range of Rs 548-577 per share between November 30 to December 2, which was overall subscribed 25.3 times.

The quota reserved for qualified institutional buyers was subscribed 67.14 times while the one reserved for non-institutional investors and retailers was subscribed 17.86 times and 4.63 times, respectively.

Incorporated in 1994, Uniparts India is a manufacturer of engineered systems and solutions. It is a concept-to-supply player for precision products for off-highway vehicles.

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