Upcoming IPOS: Vikram Solar, Shreeji Shipping and 3 Other Companies Get Sebi Go-Aahad for Public Offer

Upcoming IPOS: The Securities and Exchange Board of India (sebi) has recently given the green light to five firms for their initial public offerings (IPOS), Indicating a Strong Pipeline in the Indian Capital Markets. These Approvals Cover a variety of Industries, Such as Renewable Energy, Financial Services, Steel Productions, Specialty Chemicals, Jewelry, and Logistics.

Vikram solar iPo

Vikram solar, a manufacturer of solar modules, is launching an iPo that consists of a fresh share issue isesuance of up to 1,500 Crore and an offer for sale (ofs) of approximately 17.45 Million Equity Shares from promoters and the promoter group.

The company intends to utilize the proceeds of 793.36 Crore for Capital Investments Via Its Wholly-Owned Subsidiya, Vsl Green Power Pvt Ltd, to Establish a 3,000-mw facility dedicated to solar cell and module Production.

Moreover, 602.95 Crore has been allocated for the enhancement of the current solar module manufacturing facility, increasing its capacity from 3,000 mw to 6,000 mw to 6,000 mw to 6,000 mw, Along with Funds Designated for General NEEDS.

Shreeji Shipping Global iPo

According to the draft documents, shipping global ltd’s initial public offering, which offers shipping and logistics solutions for dry bulk cargo, CONSISTS SOLELY OCRORE Equity Shares.

The firm intends to allocate 289.4 Crore from the IPO Proceeds to Acquire Supramax Dry Bulk Carriers in the Secondary Market and Plans to Use An additional 19.5 Crore for Debt Repayment.

Dorf-Ketal Chemicals IPO

Dorf-Ketal Chemicals India Plans to Launch an iPO Worth 5,000 Crore, Consisting of a Fresh Issuance of Equity Shares Totaling Up to 1,500 Crore and an offer for sale (ofs) of shares valued at 3,500 Crore by the menon family holdings trust, according to the draft documents.

The Fresh Issue’s Proceeds, Amouning to 829 Crore, will be utilized to reduce the company’s debt, while 333 Crore will be investment in its subsidiary, Dorf Ketal Chemicals Fze, to Settle or Prepay Its Existing Borrowings, and The Remining Funds will be allocated for general corporates.

A-One Steels India IPO

A-One Steels India AIMS to Raise 600 Crore by Issuing New Equity Shares, while The Promoters Plan to Divest Shares Worth 50 Crore Through an offer for Sale (ofs).

The company intends to allocate the net proceeds from the fresh issues investing in its subsidiary, vanya steels pvt ltd, for the acquisition of machinery and equipmament, expert Facilites, and Investing in Group Captive Power for Solar Energy Procurement.

Additional, a-one steels will use the funds to settle debts and for general corporate needs.

Shanti Gold International, A Manufacturer of Gold Jewelery, is launching its first public offering, which composes soly a fresh issue of 1.8 Crore Equity Shares, According to the Draft Documents.

The funds raised from the fresh issue Amouncing to 45.83 Crore will be dedicated to establish the facility in Jaipur; 190 Crore is designated for meeting the company’s Increased Working Capital needs; 20 Crore will go towards debt repayment, and a portion will be allocated for general corporate purposes.

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