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SJS Enterprises, Mobikwik, Skanray Tech get Sebi nod for IPOs

The Securities and Exchange Board of India (Sebi) has given its approval for the initial share sales of three companies, including SJS Enterprises and One Mobikwik Systems Ltd. Medical equipment maker Skanray Technologies Ltd has also received the nod from the watchdog for its initial public offering (IPO).

The three companies have been issued observations by the watchdog, according to the update on the processing status of draft offer documents as on October 8. An observation letter is mandatory for an initial share sale. In Sebi parlance, the issuance of observations implies its go-ahead for the IPO.

One Mobikwik Systems Ltd is a leading mobile wallet (MobiKwik Wallet) and Buy Now Pay Later (BNPL) player in India. The company, which filed the Draft Red Herring Prospectus (DRHP) for the IPO in July, plans to offer shares aggregating to Rs 1,900 crore. This will comprise raising Rs 1,500 crore through fresh issue of shares and Rs 400 crore-worth stocks will be offloaded through the Offer-for-Sale (OFS) route by existing shareholders.

SJS Enterprises plans to garner Rs 800 crore through the initial share sale. It will be an OFS of Rs 688 crore by Evergraph Holdings Pte Ltd and Rs 112 crore by KA Joseph. The firm, a leading player in the Indian decorative aesthetics industry, had filed the preliminary papers in July.

Skanray Technologies had filed DRHP in June. Its IPO will comprise fresh issue of equity shares, aggregating up to Rs 400 crore, and OFS of up to 14,106,347 equity shares by promoters and existing shareholders. In 2021, there has been a flurry of activities in the IPO space, with many companies tapping the primary market to raise funds.

India saw companies mopping up a whopping USD 9.7 billion through 72 IPOs in the first nine months of this year. The amount raised is also the highest for the nine-month period in two decades, according to an EY report.

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Aditya Birla Capital Sun Life IPO: Check share allotment status, grey market premium; stock listing on Oct 11

Aditya Birla Capital Sun Life AMC’s Rs 2,768.26-crore IPO, which was subscribed 5.25 times, will finalise the share allotment on Wednesday, 6 October 2021. The shares were seen trading weak in the primary market on Monday. In the grey market, Aditya Birla Capital Sun Life AMC shares were trading at Rs 2 discount over the IPO price of Rs 712 per share, according to the people who deal in unlisted shares of the companies. The initiation of refunds or unblocking of funds from ASBA accounts will take place on 7 October 2021. While the equity shares will be credited to depository accounts on 8 October 2021.

The equity shares are scheduled to make their stock market debut on 11 October 2021. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites. The registrar to the issue is KFin Technologies Pvt Ltd, a SEBI-registered entity, responsible for the IPO allotment and refund processing. Analysts say that as expected, Aditya Birla Sun Life AMC got moderate response owing to the issue being priced on the higher side leaving little room for short term subscribers. “The listing may not be fanciful and the IPO should list somewhere around the issue price. Although, the prospect of the industry looks very promising considering the increasing financial literacy in India. However, there are different options available in the sector too,” Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online.

How to check Aditya Birla Capital Sun Life AMC share allotment status via KFin Tech Private Ltd website
Investors can check the allotment status on KFin Technologies website under the IPO Status section (https://ris.kfintech.com/ipostatus/) when it gets declared. After that, select the IPO and enter either your application number or DPID/Client ID or PAN. In the case of the application number box, select application type and enter the application number. If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID. If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit. This will show the number of shares that have been applied and allotted to the investor.

Check Aditya Birla Capital Sun Life AMC share allotment status via BSE website
The allotment status in Aditya Birla Capital and Sun Life AMC can also be checked via the BSE website (https://www.bseindia.com/investors/appli_check.aspx). From this link, select the issue type as ‘equity’, and ‘Aditya Birla Capital Sun Life AMC’ as the issue type from the drop-down list, when it gets declared. Enter application number and PAN (permanent account number). In the last step, click on the search tab to view the status details.

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Paras Defence IPO share allotment: Check status via BSE, Link Intime, grey market premium; listing on Oct 1

Paras Defence and Space Technologies IPO share allotment will be finalised on Tuesday, 28 September 2021. The public issue saw a whooping 304.26 times subscription, the highest in a decade. In the primary market, Paras Defence shares were quoting at a premium of Rs 235 over the IPO price of Rs 175 at the upper end of the price band. In the grey market on Monday, shares were trading at Rs 410 apiece, a premium of 134 per cent over the issue price, according to the people who deal in unlisted shares of the companies. The initiation of refunds or unblocking of funds from ASBA accounts will take place on 29 September 2021. While the equity shares will be credited to depository accounts on 30 September 2021.

The equity shares are scheduled to make their stock market debut on 1 October 2021. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites. The registrar to the issue is Link Intime India Pvt Ltd, a SEBI-registered entity, responsible for the IPO allotment and refund processing. Paras Defence and Space Technologies got a historic subscription to its public offer. “The colossal response, the IPO got, was mainly due to tiny-sized issue, unique business and government focus on the defence sector. However, if we dive into financials, the growth seems to be muted. It would be prudent to watch how the company delivers ahead. The listing may deliver massive returns to the lucky allottees owing to record-breaking subscription and high fancy, particularly, for this issue,” Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online.

Check Paras Defence and Space Technologies share allotment status via registrar Link Intime India website
To check the share allotment status, select the company name as ‘Paras Defence and Space Technologies — IPO’ from the drop-down list on the Link Intime India website when it gets declared. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter the permanent account number or Application Number or Depository/Client ID in the box. Enter the given captcha in the provided space and click the submit button. This will display the number of shares that have been applied and allotted to the investor.

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CoinDCX launches sign language learning module on crypto currency

On the occasion of International Sign Language Day, cryptocurrency exchange CoinDCX on Thursday launched a specially designed learning module on blockchain and crypto currency for the hearing-impaired community.

The module, which is in sign language and free for all, is available at the company’s education learning portal – DCX Learn, a release said. To create this course, DCX Learn has collaborated with Yunikee.com, a startup that helps organizations and non-governmental organizations (NGOs) build products and services for the hearing-impaired community in Indian sign language.

Users can visit the DCX Learn YouTube channel to access the pilot video of the course. A certificate is also provided post completion of the course.

CoinDCX aims at introducing similar courses in many other languages including Indian regional languages to ensure the knowledge around crypto is accessible to everyone, the release said.

Under its #TryCrypto mission, the company has allocated USD 1.3 million and aims to introduce 5 crore Indian users to the crypto ecosystem.

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