IPO greenlight shines for Uma Exports, Jesons Industries, Capital Small Finance Bank

Capital SFB's IPO consists of an issue of shares worth Rs 450 crore and an offer for sale; Uma's plans to raise around Rs 36 crore via fresh issue and an OFS, Jesons' plans issuance of shares worth Rs 120 crore and an OFS

The capital markets regulator has shone the IPO greenlight for Uma Exports, Jesons Industries, and Capital Small Finance Bank.

Capital Small Finance Bank:

Capital Small Finance Bank had filed draft papers for IPO in November which consists of an issue of shares worth Rs 450 crore and an offer for sale of up to 3.84 million shares by Amicus Capital Pvt Equity I LLP and others.

The OFS comprises 3.37 lakh shares by PI Ventures LLP, up to 6.04 lakh shares by Amicus Capital Pvt Equity I LLP, 70,178 shares by Joint Investment Fund II, and up to 3.58 lakh shares by Gurdev Singh Samra.

The OFS also includes 2 lakh shares by Rashpal Singh, 2.85 lakh shares by Tarlochan Singh Hyare, 1.32 lakh shares by Avtar Singh Samra, 3.58 lakh shares by Gurnam Singh, 1.67 lakh shares by Ramesh Kaur, and up to 1.07 lakh shares by Parminder Singh.

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Proceeds will be used to augment Tier I capital base to meet future capital requirements. As of June 2021, Tier I capital base was Rs 446 crore and capital to risk (weighted assets ratio) was 21.12%.

Edelweiss Financial Services, Axis Capital and SBI Capital Markets are the lead managers to the issue.

Uma Exports:

Uma Exports had filed draft papers on 2 July and plans to raise around Rs 36 crore via fresh issue and an offer for sale of up to 14.69 million shares by investors and promoters.

Uma Exports Limited filed a DRHP with SEBI for an initial public (IPO). The offer is a pure offer for the sale of shares aggregating up to Rs. 600 million by the promoters with each face value of Rs. 10.

The company is promoted by Rakesh Khemka and Sumitra Devi Khemuka

Corporate Capital Ventures Private Limited is the sole lead manager of the issue.

Proceeds will be used for expansion of business by upgrading the manufacturing facility at Timba, Gujarat and repayment or prepayment of unsecured loans, among other things.

Jesons Industries:

Jesons Industries filed draft papers in November and plans a fresh issuance of shares worth Rs 120 crore and an offer for sale of more than 1.21 crore equity shares by promoter Dhiresh Shashikant Gosalia.  Mumbai-based Jesons may also consider a pre-IPO placement issue to raise Rs 24 crore. The proceeds from the issue will be used to repay debt.

Jesons Industries IPO comprises equity shares of the face value of Rs 5 each and a fresh issue aggregating up to Rs 120 crore, with a reservation of up to 77,000 equity shares for employees and an offer for sale of up to 12,157,000 equity shares, by Dhiresh Shashikant Gosalia, a promoter entity, with 86.53 per cent pre-offer equity share capital in the company, according to the draft red herring prospectus (DRHP).

Proceeds from the fresh issuance of shares will be used to the extent of Rs 90 crore to pay off borrowings availed by its subsidiary besides general corporate purposes.

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Additionally, the company may consider a further issue of equity shares including a private placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue size will be reduced.