4 New IPOs - Devyani Vs Krsnaa Diagnostics Vs Exxaro Tiles Vs Windlas

A quick summary of 4 IPOs that opened for subscription on 04-Aug and close on 06-Aug.

Devyani International IPO

The Rs.1,838 crore IPO consists of fresh issue of Rs.440 crore and offer for sale of Rs.1,398 crore. The allocation is; Retail (10%), NII (15%) and QIBs (75% including anchor portion). Devyani International raised Rs.824.87 crore from anchor investors including ADIA, Fidelity, Goldman Sachs, GIC Singapore, MAS, Mirae, Nomura, Kuwait Investment Authority etc.

Devyani International is the India franchisee for KFC, Pizza Hut and Costa Coffee. It proposes to use the fresh IPO funds for repayment of borrowings. Retail investors can invest in 1 lot of 165 shares and in multiples thereof, up to a maximum of 13 lots.

Krsnaa Diagnostics IPO

The Rs.1,213.33 crore IPO comprises fresh issue of Rs.400 crore and offer for sale of Rs.813.33 crore. The allocation is; Retail (10%), NII (15%) and QIBs (75% including anchor portion). Krsnaa Diagnostics raised Rs.537 crore from anchor investors like Kuber, Volrado, HSBC, SocGen, Elara, Nomura, Segantii etc

Krsnaa is into diagnostic testing services on a B2B model. It proposes to use the fresh IPO funds for expanding its diagnostic centres and repay debt. Retail investors can invest in 1 lot of 15 shares and in multiples thereof, up to a maximum of 13 lots.

Windlas Biotech IPO

The Rs.401.54 crore IPO comprises fresh issue of Rs.165 crore and offer for sale of Rs.236.54 crore. The allocation is; Retail (35%), NII (15%) and QIBs (50% including anchor portion). Windlas Biotech raised Rs.120.46 crore from 22 anchor investors including Macquarie, Optimix, Invesco, Kuber, Elara, Avendus etc.

Windlas specializes in contract development and manufacturing (CDMO) space within pharma. It will use fresh IPO funds to expand its Dehradun plant. Retail investors can invest in 1 lot of 30 shares and in multiples thereof, up to a maximum of 14 lots.
 

Exxaro Tiles IPO

The Rs.161.09 crore IPO consists of fresh issue of Rs.134.23 crore and offer for sale of Rs.26.86 crore. The allocation is; Retail (35%), NII (15%) and QIBs (50% including anchor portion). Exxaro Tiles raised Rs.23.68 crore from 2 anchor investors viz. Quant Fund and AG Dynamics Fund.

Exxaro is into the manufacture of vitrified tiles with focus on glazed vitrified tiles. It will use fresh IPO funds for repayment of borrowings. Retail investors can invest in 1 lot of 125 shares and in multiples thereof, up to a maximum of 13 lots.