The list of Upcoming Initial Public Offerings(IPOs) for the week is given below-
IPO- Supriya Lifescience
Supriya Lifescience has a good presence in API manufacturing and products in segments like Anti-Allergics, Anti-Histamine, Vitamins, Anti-Asthmatics, and Anesthetics. It is one of the key manufacturers and suppliers of active pharmaceutical ingredients (APIs) with a product offering of 39 APIs; being the largest exporter of Chlorpheniramine Maleate and Ketamine Hydrochloride contributing to 45-55% and 65-70% of the API exports respectively. It is also the largest exporter of Salbutamol Sulphate in volume.
The company’s products in Fiscal 2021 were exported to 86 countries to 1296 customers that included 346 distributors. It has API business in Latin America, North America, Europe, and Asia.
Supriya Lifesciences has a manufacturing facility that covers an area of 47000sq.mtr in Maharashtra and a reactor capacity of 547 KL/day. It has acquired a plot of land measuring 12,551sq.mtr to expand its manufacturing capacity to 1000 KL by 2024. The manufacturing facility has received approval from USFDA, Korea, Japan, China, Canada, and Australia for API products being exported to their relevant jurisdictions.
The promoter of the company is Mr. Satish Waman Wagh.
Supriya Lifescience had revenues of Rs 212.91 crore with a net profit of 8.72 crores (Year ended March 31, 2018), revenues of Rs. 277.8 crore with a net profit of Rs. 39.42 crore (Year ended March 31, 2019), the revenue of Rs. 311.64 cr with a net profit of Rs. 73.37 crore(Year ended March 31, 2020) and revenue of Rs. 445.8 crore with a net profit of Rs.123.88 crore for the period ended March 31, 2021).
The proceeds of the IPO would be utilized for funding capital expenditure requirements, repayment of borrowings, and general corporate purposes.
IPO- CMS Info Systems Limited-
India is the third-largest ATM market in the world based on the number of installed ATMs and CMS Info Systems is the largest cash management company in India based on the number of ATM points and retail pick-up points. In 2021, the total value of currency passing through the company’s ATM and retail cash management business was Rs. 9158.86 billion. The business of the company includes installing, maintaining, and managing assets solutions for banks under long-term contracts. The business can be divided into 3 segments-
1) Cash Management Services-
This includes ATM replenishment services, cash pick-up and delivery, network cash management, and verification services accounting for 68.6% of the revenue.
2) Managed Services-
The managed services include banking automation product sales, deployment, and annual maintenance, common control systems, and software solutions like multi-vendor software solutions and remote monitoring of ATMs; accounting for 27.8% of the revenue.
3) Other services–
These include financial card issuance and management and card personalization services, accounting for 3.5% of the revenues.
The services of the company increase the velocity of cash through the cash cycle by assisting customers to meet outsourcing needs by automating and decreasing duplication, thereby improving productivity, and reducing cash handling and processing costs.
The Promoter of the company is Sion Investment Holdings Pte. Limited.
The board of directors of Sion comprises of the following persons:
1. Mr. Giridhar Veera Raghavan
2. Mr.Jimmy Lachmandas Mahtani
3. Mr.Kirti Ram Hariharan.
CMS Info Systems Limited had revenues of Rs 1146.15 crore with a net profit of 96.14 crores (Year ended March 31, 2019), revenues of Rs. 1383.23 crore with a net profit of Rs. 134.70 crore (Year ended March 31, 2020) and revenue of Rs. 1306.09 crore with a net profit of Rs. 168.52 crore (Year ended March 31, 2021).
The objective of the offer is to carry out the offer for sale up to Rs 20,000 million and the benefits of listing would enhance the visibility and brand image of the company.
IPO- Clara Industries Limited-
Clara Industries limited is engaged in the business of providing flexible plastic packaging solutions to clients in sectors such as FMCG, consumer products, hardware tools, hospitality, housekeeping, pharmaceuticals, clothing and hosiery, edible oil, salt, and sugar.
The company was started in 2014; manufactures and supplies high-end multilayer plastic bags and multilayer plastic rolls. It also manufactures standing pouches, side gazette pouches, press and lock pouches, plastic bangles (seasonal business during Diwali and Karva Chauth).
The manufacturing unit of Clara Industries limited is located in Saharanpur, Uttar Pradesh in an area of 14,714 sq. ft. There is the recycling of the waste in the plant that is used to manufacture plastic mats. It is a zero wastage plant having state of an art recycling, two-stage filtration system.
The product range of the company includes-
a. Flexible packaging.
b. Packaging films.
c. Horticulture Bangs.
d. HDPE bottles.
e. Plastic mats.
f. Plastic bangles.
g. Printed and non-printed plastic sheets.
The Company is promoted by Ms. Parry Kukreja and Mr. Nikhil Kukreja. It will utilize the proceeds from the IPO to meet the working capital requirements and general corporate purposes. The listing on the stock exchange will enhance the visibility of the company’s brand.
Clara Industries Limited had revenues of Rs 62.74 lakh with a net profit of 30.48 lakh (period from 02-09-2021 to 18-11-2021).
IPO- Wherrelz IT Solutions Limited-
Wherrelz IT Solutions limited is promoted by Mr. Chaitanya Dhareshwar and Mrs. Sumanlata Dhareshwar having experience of 16 years and 14 years respectively in the field of networking, software design, product development, and internet technology. The company is engaged in web-centric, multi-spectrum IT product development. It provides services like enterprise risk management (ERM), enterprise resource planning (ERP), e-commerce, application programming interface (API), cyber security, internet of things(IoT), cloud-based tools depending on the requirements of the clients.
The objective of the company is to develop and maintain software solutions for different sectors like eCommerce, education, fintech, healthcare, social networking, and other industries. The core competency of the company lies in providing end-to-end product development and maintenance through the preparation of blueprint, product development, application testing and deployment of resources, security maintenance, and product engineering.
The objective of the IPO is to fund working capital requirements and general corporate purposes.
Wherrelz IT solutions limited had revenues of Rs 19.49 lakhs with a net profit of 1.29 lakh (Year ended March 31, 2019), revenues of Rs. 21.79 lakh with a net profit of Rs. 3.16 lakh (Year ended March 31, 2020) and revenue of Rs. 20.24 lakh with a net profit of Rs. 1.44 lakh (Year ended March 31, 2021).
IPO- Brand bucket Media and Technology-
Brandbucket Media and technology limited is engaged in providing advertising and media-related services. The advertising media solutions include offline outdoor services and the digital ones are through social media platforms, websites, and search engines.
The company is engaged in providing advertising and related media services and the advertising media solutions include both offline outdoor as well as digital media; through websites, social Media Platforms, & search Engines. The offerings are-
- Event management.
- Digital marketing.
- Ground events.
- Print media.
- Outdoor media.
- SEO services.
- Marketing technology services.
The event management concerns planning, organizing, and managing events that include commercial events, corporate events, cultural events, and brand promotion events. Brand promotion services include mall activations, consumer contact programs, and roadshows. Social media marketing includes strategies that help in getting the brand noticed by the right people. The company is located in Mumbai and its expertise with technologies, application standards, and regulations and compliances enable it to offer a value proposition to the clients.
Brandbucket Media and Technology limited had revenues of Rs 6.77 crore with a net profit of 14.48 lakh (Year ended March 31, 2019), revenues of Rs. 22.88 crore with a net profit of Rs. 35.36 lakh (Year ended March 31, 2020) and revenue of Rs. 15.19 crore with a net profit of Rs. 29 lakh (Year ended March 31, 2021).
Ms. Nishigandha S. Keluskar is the promoter of the company. The objective of the issue is to augment the additional working capital requirements, fund capital expenditure, and general corporate purposes.
IPO- Vivo Collaboration Solutions Limited-
Vivo Collaboration Solutions limited offers telephony services covering voice-based solutions. It delivers cloud telephony solutions. Vivo platform harnesses the robustness of TDM networks, is scalable as it uses MPLS cloud, and is simple in integrating everything. The cloud platform is optimally calibrated to ensure zero communication loss and saves precious management time. Cloud telephony integrates telephony and online services to serve the communication needs of the business. As businesses are going global it becomes important to bridge the geographical distance and cloud telephony adapts to the needs of a growing business. It is supported by servers hosted in data centers reducing the chances of downtime.
The main features of the service are-
a. HD-quality audio conferencing.
b. Cloud PBX leading to high functionality virtual offices.
c. Cloud call center.
d. Ultra capacity SIP trunks carrying concurrent calls.
e. Single window management for all geographical languages.
The promoter of the company is UC IT managed services private limited. The board of directors of the promoter is Mr. Sanjay Mittal and Mrs. Sonia Mittal.
The purpose of the issue is to meet the working capital requirements of the company and general corporate purposes. Listing would enhance the company’s corporate image, brand name and make future financing easier in case of diversification.
Vivo Collaboration Solutions limited had revenues of Rs 9.02 crore with a net profit of 4.2 lakh (Year ended March 31, 2019), revenues of Rs. 10.02 crore with a net profit of Rs. 58 lakh (Year ended March 31, 2020) and revenue of Rs. 14.88 crore with a net profit of Rs. 3.18 crore (Year ended March 31, 2021).
Read-Things to consider before investing in an Initial Public Offering(IPO)