April 8 2025
New Arrival

Four firms to raise over Rs 4,500 crore via IPOs

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Four firms, including Global Health Ltd and micro finance lender Fusion Micro Finance Ltd, are lining up their IPOs next week, along with DCX Systems, a manufacturer of cables and wire harness assemblies, and Bikaji Foods International.

 

The initial share sale of DCX Systems will open for public subscription from today till November 2, while Fusion Micro Finance will be open during November 2-4. The IPOs of Global Health and Bikaji Foods will open for subscription on November 3 to November 7.

 

DCX Systems’ IPO comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of equity shares up to Rs 100 crore by promoters NCBG Holdings Inc and VNG Technology. The proceeds from the fresh issue will be used towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes.

 

Fusion Micro Finance is looking to raise Rs 1,104 crore from its IPO which comprises fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 13,695,466 equity shares by promoters and existing shareholders. Net proceeds from the fresh issue will be used to augment the capital base of the microfinance firm.

 

Global Health’s IPO consists of a fresh issue of equity shares aggregating to Rs 500 crore, and an OFS of up to 5.08 crore equity shares by Anant Investments, an affiliate of private equity major Carlyle Group, and Sunil Sachdeva. The IPO price band has been fixed at Rs 319-336 per share and at the upper end of the price band, the company is expected to fetch Rs 2,206 crore through the issue. Proceeds from the fresh issue will be used to pay debt and general corporate purposes.

 

Bikaji is aiming to mop-up an estimated Rs 1,000 crore, through its initial share sale. These four companies are expected to fetch a cumulative amount of over Rs 4,500 crore through the IPOs.