Three companies — Capital Small Finance Bank, Krystal Integrated Services, and Vibhor Steel — have received market regulator Sebi’s approval to launch their respective IPOs.
Those selling shares in the OFS include — Oman India Joint Investment Fund II, PI Ventures LLP, Amicus Capital Private Equity I LLP, and Amicus Capital Partners India Fund I.
Proceeds from the fresh issue will be used towards augmenting the bank’s Tier-I capital base to meet future capital requirements. Besides, the funds will be used towards meeting the expenses in relation to the offer.
Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital are the book-running lead managers to the issue.
Meanwhile, Krystal Integrated Services’ public offer includes fresh equity shares worth Rs 175 crore and an OFS of 17.5 lakh shares by promoter Krystal Family Holding.
Krystal is a leading integrated facilities management services company with a focus on healthcare, education, public administration, airports, railways, and metro infrastructure, and retail sectors.
Proceeds from the fresh issue will be utilised for debt payment, supporting working capital requirements, fund capital expenditure for the purchase of new machinery, and for general corporate purposes.
Inga Ventures Pvt Ltd is the sole book-running lead manager to the issue.
The issue of Vibhor Steel Tubes is entirely a fresh issue, aggregating up to Rs 66.47 crore.
The funds mobilised through the issue will be used to fund working capital requirements and for general corporate purposes.
Vibhor Tubes is the manufacturer and exporter of mild steel/carbon steel ERW black and galvanized pipes, hollow steel pipe, and cold rolled steel strips.
Khambatta Securities is the sole book-running lead manager to the IPO.
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