Here’s all you need to know about upcoming IPOs:

Jain Resource Recycling

A part of Jain Metal Group, the company has filed its IPO papers to raise up to ₹2,000 crore by public listing of its shares on the domestic bourses. The public offer of the company, engaged in the non-ferrous metal recycling business, comprises of a fresh issue of equity shares worth up to ₹500 crore and an offer for sale (OFS) of up to ₹1,500 crore. The company proposes to utilise the net proceeds towards pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company and general corporate purposes.

Ardee Engineering

The Hyderabad-based engineering and manufacturing company has filed its DRHP with the SEBI to raise ₹580 crore through an IPO route. The IPO consists of a fresh issue of equity shares aggregating up to ₹500 crore and an offer for sale (OFS) of equity shares aggregating up to ₹80 crore by the promoter selling shareholder, Chandra Sekhar Moturu. Chandra Sekhar Moturu, Ragdeep Moturu, Arundeep Moturu and Krishna Kumari Moturu are the promoters of the company.

Gujarat Kidney and Super Speciality

The IPO of Gujarat-based regional healthcare company is a complete fresh issue of up to 2.2 crore equity shares, having a face value of ₹2 each. The company, which operates a chain of mid-sized multispeciality hospitals, intends to use IPO proceeds to meet capital expenditure requirements, acquisition, and repayment of certain debts. As per the DRHP filed with the SEBI, the company will use ₹77 crore for proposed acquisition of Parekhs Hospital at Ahmedabad; ₹12.4 crore for part-payment of purchase consideration for the already acquired Ashwini Medical Centre; ₹30.2 crore for funding of capital expenditure requirements of the company towards setting up of a new hospital in Vadodara. Currently, it operates six multispeciality hospitals and three pharmacies with a total bed capacity of 400 beds.

SIS Cash Service

The country’s second largest cash logistics player in terms of revenue has filed its DRHP with the SEBI to mop up funds through IPO route, which will be mix of fresh issue and OFS by existing shareholders. The IPO, having a face value of ₹10 per equity share, comprises fresh issue of up to ₹100 crore and an offer for sale of up to 3,715,150 by promoter selling shareholders.

Gujarat Kidney and Super Speciality

Jain Resource Recycling, 5 others file for IPO; IndiQube Spaces gets SEBI nod for fundraise