Check out upcoming IPO's in India , got permission from SEBI

The primary market, which has been setting new records for over a year, will no longer be bustling. SEBI, the regulator of capital markets, has recently given the green signal to both companies to take up public issues. The companies applied for the IPO' in September.

Along the way, three other companies have now filed a preliminary prospectus with SEBI seeking permission to raise funds. Hyderabad-based Rainbow Children's Medicare is one of the IPO companies. Let's see the details ..

Global Health Ready

The Madanta brand hospital management company is coming up with a global health public issue. SEBI says OK. As part of the IPO, the company raised Rs 500 crore worth of equity will be issued fresh. In addition, promoters and current shareholders will sell another 4.84 crore shares.

Mainly PE giant Carlyle Group will offer 4.33 crore shares. The company co-founders Sunil Sachdeva and Suman Sachdeva will sell 51 lakh equity shares. The latest equity funds will be used for loan payments and general corporate purposes.

Vida Clinical

SEBI has recently given the green signal for a public issue of the clinical research organization Vida. . The company expects to raise up to Rs 832 crore. As part of the IPO, Vida Clinical Research promoters and current shareholders will pay Rs. 500 crore worth of equity will be put up for sale.

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In addition, another Rs. 332 crore worth of shares will be issued fresh. Mainly bondway investment of Rs. 260 crore and Basil Private Rs. 142 crore worth of shares will be offered. The latest equity funds will be used for loan repayments and expansion.

Rainbow Children

The chain of children's multispecialty hospitals, Rainbow, has filed a prospectus with SEBI to enable it to undertake a public issue. Thus, the Hyderabad-based company Plans to raise over Rs 2,000 crore.

As part of the IPO', Rainbow Children's Medicare Limited has raised Rs. 280 crore worth of equity will be issued fresh. In addition, another 2.4 crore shares will be put up for sale by existing shareholders.

Shares will also be offered to eligible employees. The latest equity funds will be used to pay NCDs, set up new hospitals and purchase medical equipment. In 1999, UK Finance Company CDC Group established a 50-bed Pediatric Specialty Hospital in Hyderabad.

The latter expanded to 14 hospitals across the country. Healthcare provides services with 1500 beds.

Venus Pipes Tubes

Manufacturer of stainless steel pipes and tubes Venus Pipes and Tubes has applied to SEBI for an IPO. As part of the issue, the company will sell 50.74 lakh shares.

The funds will be used for capacity expansion as well as for own use hollow pipe manufacturing project.

The company sells products under the Venus brand in the country and abroad. Provides products in various fields such as Chemicals, Engineering, Pharmaceutical, Power, Food Processing, Oil & Gas, Paper etc.

Capillary Technologies

Capillary Technologies, which serves as a software solution (SAS) with cloud support, has gone public. The AI-based service provider has filed a prospectus with SEBI to enable this.

Thus, Rs. 850 crore is expected to be mobilized. As part of the issue, Rs. 200 crore worth of equity will be issued fresh.

In addition, another Rs. 650 crore worth of shares will be put up for sale by Capillary Technologies International. It is noteworthy that despite investments in Warburg Pinkus, Sequoia Capital, Qualcomm, etc., the shares were not offered!

The issue funds will be used for loan payments, product development, technology development, acquisitions of other companies, etc.