Ajay Poly, Reggal Resources, Laxmi India Finance & Jajoo Rashmi Refractories line up public issues
MUMBAI, May 6 (The CONNECT)- Ajay Poly Limited, Reggal Resources Limited, Laxmi India Finance Limited and Jajoo Rashmi Refractories Limited have obtained final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI), for their initial public offerings (IPOs).
The IPO of Ajay Poly Limited- Delhi-based Refrigeration Sealing Solutions Company, with a face value of Re 1, is a mix of fresh issue of shares of up to Rs. 238 crore and an offer for sale (OFS) of up to 93,00,000 equity shares each by Promoter and Investor Selling Shareholders. The Company had filed its IPO papers with Sebi on December 28, 2024.
Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited are the sole book-running lead managers and KFin Technologies Limited is the registrar to the issue.
Regaal Resources Limited- Kolkata-based FMCG Player is one of the largest manufacturers of maize-based specialty products in India, with an installed crushing capacity of 750 tonnes per day (TPD).
The IPO, with a face value of Rs 5, is a mix of fresh issue of shares up to Rs 190 crore and an offer-for-sale up to 9 million equity shares by Promoter and Promoter Group Selling Shareholders. The Company had filed its IPO papers with Sebi on December 31, 2024.
Pantomath Capital Advisors Private Limited, and Sumedha Fiscal Services Limited are the book-running lead managers and Link Intime India Private Limited is the registrar of the issue.
Laxmi India Finance Limited- Jaipur-based non-banking financial company has received final observation from the SEBI, to raise funds through an initial public offering (IPO).
The IPO with a face value of Rs 5 is a mix of fresh issue of shares up to 1,04,53,575 and an offer for sale of up to 56,38,620 equity shares by Promoter and Promoter Group Selling Shareholders. The Company had filed its IPO papers with Sebi on December 15, 2024.
PL Capital Markets Private Limited is the sole book-running lead manager and Link Intime India Private Limited is the registrar of the issue.
Jaipur-based Jajoo Rashmi Refractories Limited manufacturer and exporter of various grades of ferro alloys, such as, ferro silicon, ferro manganese and silico manganese, an essential raw material in manufacturing of steel in the steel industry, has also received Sebi nod for raising funds through an initial public offering (IPO).
The IPO with a face value of Rs 10 is entirely a fresh issue of shares up to Rs 150 crore with no offer for sale component. The Company had filed its IPO papers with Sebi on December 21, 2024.
Unistone Capital Private Limited is the sole book-running lead manager and Bigshare Services Private Limited is the registrar of the issue.
