The upcoming initial public offerings(IPO) are-
Adani Enterprises Limited FPO-
Adani Enterprises Limited is a part of the Adani Group which is among the top business houses having an integrated energy and infrastructure platform and a track record of executing large-scale projects. It is one of India’s largest listed business incubators and is driven by the philosophy of incubating businesses in four core industry sectors- energy and utility, transportation and logistics, consumer, and primary industry.
Adani Enterprises Limited has over the years seeded new business interests for the Adani group, developed them into self-sustaining business verticals, and subsequently demerged them into independently listed and scalable platforms and as a result, unlocked value for its shareholders. Since its inception the company has incubated six decacorn businesses and successfully listed them as; Adani Ports and Special Economic Zone Limited, Adani Power Limited, Adani Transmission Limited, Adani Green Energy Limited, Adani Total Gas Limited, and Adani Wilmar Limited.
The promoters of the company are Mr. Gautam S. Adani and Mr. Rajesh S. Adani. The net proceeds from the issue would be utilized for funding the capital expenditure requirement of its subsidiaries for the green hydrogen ecosystem, improvement works of certain existing airport facilities, and construction of the Greenfield expressway. It also intends to repay in full or part of certain borrowings of the company and three of its subsidiaries namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar limited.
The company had revenues of Rs 44086 crore with a profit of 1039.99 crores (Year ended March 31, 2020), revenues of Rs. 40290 crores with a profit of Rs. 1045.76 crores (Year ended March 31, 2021), and revenue of Rs. 70432 crores with a net profit of Rs. 787.70 crores (Year ended March 31, 2022).
Gayatri Rubbers and chemicals Limited-
Gayatri Rubber and Chemicals Limited is engaged in the manufacturing and trading of rubber profile, aluminum rubber profile, automobile rubber profile, rubber compounds, various kinds of rubber components, and clear PVC profiles. The company supplies these rubber products across India to the dealers of Nalco, Banco, and Jindal in the aluminum sector and agents of Motherson Sumi and a few state transports in the automobile sector. It also supplies rubber compounds to other rubber product manufacturers and OEMs.
Over the years the company has developed expertise and upgraded its technology by adding automatic machinery and equipment to the plant, which has helped it to boost its production capacity and the quality of products. Gayatri rubbers and chemicals are situated in a highly industrialized belt in Haryana in Ballabhgarh, Faridabad, Haryana which has good transport connectivity via highways and is close to Gurugram, Delhi, and Noida. The manufacturing unit and the registered office have 3 floors each with an area of approximately 4500 sq. ft.
The promoters of the company are Shilp Chotai, Utsav Chotai, and Manoj Kumar Aggarwal. The proceeds from the issue would be utilized to meet the working capital requirements and general corporate purposes.
The company had revenues of Rs 6.56 crore with a profit of 6.76 lakhs (Year ended March 31, 2020), revenues of Rs. 15.63 crores with a profit of Rs. 14.53 lakhs (Year ended March 31, 2021), and revenue of Rs. 16.73 crores with a net profit of Rs. 81.01 lakhs (Year ended March 31, 2022).
Earthstahl and Alloys Limited-
Earthstahl and Alloys Limited is located in Raipur, Chhattisgarh, and is engaged in the business of manufacturing cast iron lumps and ductile iron pipe fittings. The cast iron lumps are used as raw material in steel foundries to manufacture products like cast iron pipe fittings, machine components like lathe machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting, and other units engaged in manufacturing of steel or cast iron products. Ductile iron pipe fittings are used in public water supply systems as connectors of pipes.
The company started its operations of manufacturing cast iron in the year 2012 with one submerged electric arc furnace with a capacity of 3.6 MVA to manufacture 10,500 tonnes p.a. of cast iron lumps and in the year 2017, the company forayed into the ductile iron pipes fitting segment to cater to the growing water infrastructure requirements in the country for which it commissioned lost foam based steel foundry. The foundry is capable of producing parts or components of plant and machinery/ automobiles using foam molds and therefore the company can produce various parts of pellet plants, cement plants, sponge iron plants, power plants, automobile sector, railway & ductile iron pipes fittings. In the year 2022, the company also commissioned another 5.5 MVA submerged electric arc furnace to manufacture 15,750 tonnes p.a. of cast iron lumps.
The waste generated by the integrated steel plants, sponge iron plants, and rolling mills in the manufacturing process is used as raw material and the iron is recovered from the left-out waste, thus conserving the environment. The plant is located near the source of raw material i.e. Bhilai steel plant of SAIL and other pellet and sponge iron plants located in Raipur and the surrounding area. The strategic location of the manufacturing facility ensures access to ferrous waste, steel scrap, pig iron (steel grade), carburize, ferroalloys, and other raw materials like coal, coke, and dolomite required in the manufacturing process forming a substantial part of the cost of production at a low logistic cost.
The promoters of the company are Ravi Thakurdasji Laddha, Rakesh Somani, Prawin Somani, and Padam Kumar Jain. The proceeds of the issue would be utilized for funding capital expenditure towards a change in electricity supply voltage from 33 kV to 132 KV at its manufacturing facility and to meet the working capital requirements.
The company had revenues of Rs 31.81 crore with a loss of 33.49 lakhs (Year ended March 31, 2020), revenues of Rs. 24.57 crores with a profit of Rs. 2.67 crores (Year ended March 31, 2021), and revenue of Rs. 49.07 crores with a net profit of Rs. 7.45 crores (Year ended March 31, 2022).
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