In view of the confidence of investors in the stock market, two big companies have made up their mind to enter the IPO market. They have got approval from SEBI.
These IPOs will be launched soon
For those who earn money from the stock market, another opportunity to earn better is coming soon. Actually, the IPOs of two big companies will be launched in the market soon. After getting approval from SEBI, both these companies have started preparing for the same. These include the non-banking financial institution Arohan Financial Services and Dodla Dairy, a leading dairy company in South India. The shares of both companies will be listed on the NSE and BSE.
These two companies had submitted documents with SEBI on 15 February and got the objections on 23 April. It should be known that SEBI’s observation is very important for IPO, FPO and rights issue of any company.
According to sources, Arohan Financial Services plans to raise Rs 1750-1800 crore from this IPO.
Will raise money through fresh issue
In the year 2021 too, investors have made good money from the IPO market. In such a situation, seeing the advantages ahead, Arohan Financial Company has decided to launch its IPO in the market. According to the DRHP submitted to SEBI, 850 crore rupees will be raised in the company’s IPO through a fresh issue. Apart from this, offer for sale (OFS) of 2,70,55,893 equity shares will also be brought. This company is promoted by Aavishkaar Group. The money received from the IPO’s fresh issue will be used to expand the company’s capital base and meet its future capital needs.
Fresh issue of up to Rs 50 crore shares of leading dairy
The IPO of leading dairy company Dodla Dairy will include a fresh issue of shares up to Rs 50 crore and an offer for sale of 10,085,444 equity shares. In the IPO offer for sale, TPG will sell its holdings in Dodla Dairy Holdings Pte Ltd, Dodla Sunil Reddy, Dodla Deepa Reddy and Dodla Family Trust. The money received from the IPO will be used to pay the company’s debt, meet capital spending requirements, and general corporate purpose. The managers of this IP are Axis Capital and ICICI Securities. Experts believe that the background of these two companies is good. Therefore, investing in their stocks can benefit.
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