IPOs of Honasa Consumer, Indegene, Vishnu Prakash R Punglia get Sebi nod

livemint.com:

₹400 crore and an offer for sale (OFS) of up to 4,68,19,635 shares by promoters and existing shareholders. The shareholders in the OFS would include promoters and co-founders -- Varun Alagh and Ghazal Alagh -- Bollywood actor Shilpa Shetty Kundra, Rohit Kumar Bansal, Sofina Ventures and Kunal Bahl. According to the Draft Red Herring Prospectus (DRHP), the IPO of Indegene comprises of a fresh issue of equity shares worth up to ₹950 crore and OFS of up to 3.63 crore equity shares by existing investors.

Its OFS consists of up to 27 lakh equity shares to be sold by individual shareholders -- Manish Gupta, Rajesh Bhaskaran Nair and Anita Nair -- and up to 3.36 crore equity shares by existing investors, including Carlyle, Brighton Park Capital and the Nadathur Family Office. According to a PTI report quoting merchant banking sources, Indegene focused on the global life sciences industry is expected to mobilise ₹3,200 crore through the initial share sale. Indegene is likely to use funds raised through the fresh issue to pay debt, fund capital expenditure requirements, payment of deferred consideration for one of its past acquisitions, fund inorganic growth and general corporate purposes.

The IPO of Jodhpur-based Vishnu Prakash R Punglia Ltd consists of a fresh issue of 3.12 crore equity shares with no OFS. Vishnu Prakash’s IPO size is expected to be ₹300 crore, according to the PTI report quoting market sources. Proceeds from the issue to the tune of ₹58.64 crore will be utilised for purchasing capital equipment, ₹140 crore will be used for funding the working capital requirements of the company and the balance for general corporate purposes.