InvestorQ : Can you share with me details of the forthcoming IPOs of India Pesticides and KIMS?
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Can you share with me details of the forthcoming IPOs of India Pesticides and KIMS?

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Arya Nanda answered.
3 days ago
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Both the IPOs that have bene in the news for some time, India Pesticides and KIMS, have got their DRHP approved by SEBI and we could now expect the IPO in the next 2-3 months. India Pesticides focuses on a specialty agrochemicals and its IPO will include a fresh issuance of Rs.100 crore and an offer for sale of Rs.700 crore as per information filed in the DRHP.

Krishna Institute of Medical Sciences promoted by the Bollineni family in the state of Telangana, will make a fresh issue of Rs.200 crore and an offer for sale or OFS of 21.34 million shares to the public. The proceeds will be used to repay the debt of the parent company and also its subsidiary and group companies to make it less levered.

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