Companies such as Rajputana Stainless Ltd, Caliber Mining and Logistics Ltd., and Regaal Resources Ltd. have submitted draft red herring prospectuses to the Securities and Exchange Board of India (SEBI).
The companies intend to raise funds from the Indian stock market to meet their funding requirements. Take a look at the future IPOs, including the offer information, offer size, and public issue aim.
Rajputana Stainless IPO Details
Rajputana Stainless Limited is a Gujarat-based stainless steel product manufacturer. On January 2, 2025, the business filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India.
The company is offering 2.25 crore equity shares at a face value of ₹10 each through a book-built issue. According to the draft papers, the offer consists of a 1.90 crore new share issue with an offer-for-sale (OFS) component of 35 lakh equity shares.
Shankarlal Deepchand Mehta, the company's promoter and selling shareholder, is selling up to 35 lakh equity shares through the IPO.
The company plans to raise about ₹18.31 crore through public issues to support capital expenditures for facility setup. The company would set aside about ₹37.68 crore for the new facility's operating capital.
Rajputana Stainless plans to spend ₹76.50 crore to repay or prepay existing borrowings. The remaining monies will be allocated to general corporate purposes.
Not more than 50% of the offer shall be distributed to Qualified Institutional Buyers (QIBs), not less than 15% to Non-Institutional Investors, and 35% reserved for retail investors.
The book-running lead manager for the public offering is Nirbhay Capital Services Pvt. Ltd, and the offer is registered with KFin Technologies Limited.
Caliber Mining and Logistics' IPO details
Sunil Singhania's Abakkus-backed Caliber Mining and Logistics Limited seeks to raise ₹600 crore through an IPO.
The company is issuing new shares worth up to ₹500 crore, along with an offer-for-sale component worth up to ₹100 crore. The equity shares have a face value of ₹10 per share.
Company promoters Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda are selling shares worth ₹25 crore through a public offering.
The ₹175 crore raised from the public offer would be utilized to repay or prepay the company's outstanding borrowing, either partially or fully. The company plans to invest ₹200 crore in capital expenditure to procure machinery for contract requirements. The remainder of the offering proceeds will be used for general company purposes.
According to the DRHP, the company has allocated up to 50% of the offer for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail bids.
The public issue's bookrunner is DAM Capital Advisors Limited, while the offer's registrar is KFin Technologies Ltd.
The company specializes in open-cast coal mining, with coal extraction and overburden removal increasing significantly as a result of equipment expenditures.
Regaal Resources IPO details
Regaal Resources, a Kolkata-based FMCG firm, is providing a combination of a fresh issue of shares up to ₹190 crore and an offer-for-sale (OFS) component of up to 90 lakh equity shares, both with a face value of ₹5 each.
The company's promoters, Anil Kishorepuria and Shruti Kishorepuria, are selling 30.95 lakh and 18 lakh shares, respectively. BFL Private Ltd is selling almost 25.32 lakh equity shares, while SRM Private Ltd is selling approximately 15.72 lakh equity shares through the IPO.
The DRHP states that the proceeds from the ₹147 crore fresh issue will be used to repay or pre-pay certain borrowings and for general corporate purposes.
The company has reserved not more than 50% of the offer for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and 35% for ordinary investors.
The bookrunners for the public offering are Pantomath Capital Advisors Private Limited and Sumedha Fiscal Services Limited, with Link Intime India Private Limited serving as the registrar.
Regaal Resources specializes in the manufacturing of maize starch, both native and modified, as well as co-products including gluten, germ, enhanced fiber, and fiber.
