Four Companies All Set to Tap Equity Markets
A fresh wave of public issues is about to sweep the Indian stock market. SEBI has granted approval to four companies, each from a distinct sector, to move forward with their IPO plans. The list includes household name Kent RO Systems, copper wire maker Vidya Wires, power hardware supplier Karamtara Engineering, and transformer equipment specialist Mangal Electrical Industries. This move is expected to bring new investment opportunities for retail and institutional investors in the coming months.
Kent RO Systems Opens Door for Share Sale
Kent RO, the brand trusted by millions for clean drinking water, is entering the stock market but not for raising capital. Instead, its promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta plan to offload 1.01 crore equity shares through an offer for sale. Since the sale involves only existing shares, Kent itself will not pocket any proceeds.
Founded in 2007, the company played a big role in bringing RO water purification systems into Indian homes. It currently operates four production facilities, and its service reach spans more than 15000 postal areas. JM Financial and Motilal Oswal are handling the public issue, with KFin Technologies managing the registrar duties.
Karamtara Engineering Prepares a 1750 Crore Issue
Karamtara Engineering, known for producing solar structures and high tension transmission components, has received the go-ahead for an IPO worth 1750 crore rupees. Out of this, 1350 crore will come through newly issued shares, while 400 crore will be raised via existing shareholders offering their stakes.
The company stands as a one stop provider of energy infrastructure parts and aims to scale operations through this move. JM Financial, ICICI Securities, and IIFL Capital are leading the issue, with MUFG Intime India serving as the registrar.
Vidya Wires Plans to Expand Operations
Vidya Wires, a growing company in the copper and aluminum wire industry, plans to launch an IPO to raise ₹320 crore. Founded in 1981, the company is not just about wires but a wide catalog of over 6400 products used across electric mobility, rail transport, and energy sectors.
Alongside a share sale by current investors, fresh equity will be issued to fund expansion. The goal is to more than double annual capacity from 19680 metric tons to 37680 metric tons at its Gujarat facility. Pantomath Capital and IDBI Capital are the lead managers.
Mangal Electrical Gets Ready for Fresh Issue
Mangal Electrical Industries, a top company making transformer parts and circuit breakers, is based in Rajasthan. The firm has plans to mobilize 450 crore rupees via a fresh issue to increase manufacturing and EPC services, and the IPO will be managed by Systematix Corporate Services while the registrar will be Bigshare Services.
Investors are closely following the timeline, looking forward to grabbing stakes prior to these firms picking up steam.
