The upcoming initial public offerings(IPO) are-
Archean Chemical Industries Limited-
Archean Chemical Industries Limited is a leading marine specialty chemical manufacturer focused on producing and exporting bromine, industrial salt, and sulfate of potash to customers in many countries. It is the largest exporter of bromine and industrial salt from India and has the lowest cost of production globally. The products are produced from brine reserves in the Rann of Kutch, located in Gujarat. The company markets its products to 13 global customers in 13 countries, and to 29 domestic customers. Bromine is used as key initial level material, having applications in pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas, and energy storage batteries. Industrial salt is used in the chemical industry for the production of sodium carbonate (soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulfate (salt cake), and sodium metal. Sulfate of potash is used as a fertilizer and also has medical uses.
The marine chemical business is conducted on a business-to-business basis in India as well as internationally. The key geographies to which the company exports its products are China, Japan, South Korea, Qatar, Belgium, and the Netherlands. Some of the major customers of the company include Sojitz Corporation, which is also a shareholder in the Company, Shandong Tianyi Chemical Corporation, Unibrom Corporation, Wanhau Chemicals, and Qatar Vinyl Company Limited.
The promoters of the company are Chemikas Speciality LLP, Ravi Pendurthi, and Ranjit Pendurthi. The proceeds of the issue would be utilized for the redemption of the NCDs issued by the company and general corporate purposes.
The company had revenues of Rs 572.9 crore with a profit of 39.9 crores (Year ended March 31, 2019), revenues of Rs. 616.9 crores with a loss of Rs. 36.4 crores (Year ended March 31, 2020), and revenue of Rs. 754.7 crores with a net profit of Rs. 66.3 crores (Year ended March 31, 2021).
Five Star Business Finance Limited-
Five-star business finance is an NBFC providing secured business loans to micro-entrepreneurs and self-employed individuals who are largely excluded by traditional financing institutions. The company is headquartered in Chennai, Tamil Nadu, and has a strong presence in South India and all the loans are secured by borrowers’ property.
The target customers of the company include-
- People who derive income from everyday cash carry businesses with a focus on services.
- In urban, semi-urban, and rural markets where they expect faster growth in credit activity as financial awareness increases.
- Persons with net cash-flows of Rs 25,000 to Rs. 40,000 per month.
- Those who can provide collateral (land and building) of Rs 1 million in value.
- Where family members are co-applicants to the loan.
The company has a network of 268 branches as of September 30, 2021, spread across approximately 126 districts, eight states, and one union territory, with Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka being the key states. These states accounted for approximately 85% of the branch network by number.
The promoters of the company are; Lakshmipathy Deenadayalan, Hema Lakshmipathy, Shritha Lakshmipathy, Matrix Partners India Investment Holdings II, LLC, and SCI Investments V. The objects of the offer are to carry out the offer for sale and achieve the benefits of listing on the stock exchanges.
The company had revenues of Rs 408.9 crore with a profit of 156.4 crores (Year ended March 31, 2019), revenues of Rs. 787.3 crores with a profit of Rs. 261.9 crores (Year ended March 31, 2020), and revenue of Rs. 1051.2 crores with a net profit of Rs. 358.9 crores (Year ended March 31, 2021).
Kaynes Technology India Limited-
Kaynes Technology India Limited is a leading end-to-end and IoT solutions-enabled electronics manufacturing player, having capabilities in electronics system design and manufacturing services. It has over three decades of experience in providing conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things, and Information Technology segments. The manufacturing infrastructure of the company enables it to undertake a high-mix and high-value addition of products across industry verticals with the ability to produce products at a variable or flexible volumes. It is among the leading companies in the ESDM space to offer optimized product realization solutions to customers across industry verticals.
The company has eight strategically located manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. Its facilities are located in proximity to the customers, allowing it to serve the requirements efficiently and cost-effectively. It has a combined capacity to assemble over 600 million components and an exclusive line for ‘Green manufacturing’ that is compliant with Directive 2002/95/E ‘Restriction of Hazardous Substances’.
The promoters of the company are Mr. Ramesh Kunhikannan, Mrs. Savitha Ramesh, and the RK Family trust. The objects of the offer are; repayment/prepayment, in full or part, of certain borrowings availed by the company, funding the capital expenditure towards the expansion of the manufacturing facilities at Mysore and Manesar, investment in its wholly owned subsidiary Kaynes Electronics Manufacturing Private Limited for setting up a new facility at Chamarajananagr, Karnataka and funding the working capital requirements.
The company had revenues of Rs 366.5 crore with a profit of 9.72 crores (Year ended March 31, 2019), revenues of Rs. 370.1 crores with a profit of Rs. 9.35 crore (Year ended March 31, 2020), and revenue of Rs. 424.6 crores with a net profit of Rs. 9.73 crores (Year ended March 31, 2021).
INOX Green Energy Services Limited-
INOX green Energy Services Limited is a subsidiary of INOX Wind limited listed on NSE and BSE and part of the GFL group of companies. It is a major wind power operation and maintenance service provider in India. The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities on the wind farm. It has a stable annual income owing to long-term O&M contracts with its customers.
The company enjoys synergistic benefits as a subsidiary of Inox Wind Limited which is engaged in the business of manufacturing WTGs and providing turnkey solutions by supplying WTGs and offering services like wind resource assessment, site acquisition, infrastructure development, EPC of WTGs and providing long-term O & M services for wind power projects. Due to the exclusive agreement between IWL and Inox Green energy services, it provides exclusive O&M services for the WTGs sold by IWL which range between five to 20 years.
The promoter of the company is INOX Wind Limited which manufactures the key components of WTGs at its manufacturing plants located in Gujarat, Madhya Pradesh, and Himachal Pradesh. Blades and tubular towers are manufactured at the plants in Gujarat and Madhya Pradesh, while hubs and nacelles are manufactured at the plant in Himachal Pradesh. The proceeds of the issue would be utilized for repayment / pre-payment, in part or full, of certain borrowings availed by the company including redemption of Non-Convertible Debentures in full and general corporate purposes.
The company had revenues of Rs 166.3 crore with a profit of 17.1 crores (Year ended March 31, 2019), revenues of Rs. 172.1 crores with a profit of Rs. 1.68 crores (Year ended March 31, 2020), and revenue of Rs. 186.2 crores with a loss of Rs. 27.7 crores (Year ended March 31, 2021).