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Mint
5 days ago
- Business
- Mint
Upcoming IPOs: German Green Steel, Silverton Industries, Juniper Green Energy file DRHPs with Sebi for IPO — Details
Upcoming IPOs: German Green Steel and Power, Silverton Industries, and Juniper Green Energy are the three companies that have filed their preliminary draft papers with the capital markets regulator, the Securities and Exchange Board of India (Sebi), for a potential initial public offering (IPO). The companies range from different sectors like green steel production, renewable energy, and manufacturing. German Green Steel and Power filed its preliminary draft papers with Sebi on Sunday, 29 June 2025. The green iron and steel manufacturer is offering a book-built public issue comprising a fresh issuance of shares up to ₹ 450 crore and an offer-for-sale (OFS) component of up to 20 lakh equity shares with a face value of ₹ 10 apiece. Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki are the promoters selling stakeholders in the public issue. Systematix Corporate Services and Emkay Global Financial Services are the book-running lead managers of the public issue, while Bigshare Services Private Ltd is the registrar to the offer. The company plans to use ₹ 325.21 crore out of the net proceeds raised from the IPO to fund its capital expenditure plans towards the expansion of the manufacturing facility at Samakhiyali, Kutch, Gujarat and a hybrid wind and solar power plant. German Green also plans to use ₹ 55.01 crore out of the money raised to pay off some loans taken by the firm. The remaining amount is set to be used for general corporate purposes. Silverton Industries is offering a book-built public issue combining a fresh issue of ₹ 300 crore worth of equity shares and an offer-for-sale (OFS) component of 3.22 crore equity shares with a face value of ₹ 5 per share. Rajeev Jain, Monica Jain, Akshay Jain HUF, Arun Jain (HUF), Neena Jain, Rajeev Jain (HUF), Samyak Jain, Ramesh Chand Jain (HUF), and Sanjeev Jain HUF are the promoters selling stakeholders in the upcoming IPO. Pantomath Capital Advisors Pvt. Ltd is the sole book-runner for the public issue, while Bigshare Services Pvt. Ltd is the registrar for the offer. According to the DRHP data, the company plans to use ₹ 129.3 crore from the net proceeds raised from the IPO to fund its investment sustainability initiatives by building a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. Furthermore, the company also plans to use ₹ 25.2 crore to fund its capital expenditure requirement to improve its rewinder and sheeter capacity, along with the construction of in-house warehouses. The firm will also use 72 crore to pay off certain loans, and the remaining amount will be used for general corporate purposes. Juniper Green Energy aims to raise ₹ 3,000 crore from the Indian stock market by issuing fresh equity shares with a face value of ₹ 10 per share. As per the draft papers, there is no offer-for-sale (OFS) component in the IPO. ICICI Securities, HSBC Securities and Capital Markets (India), JM Financial, Kotak Mahindra Capital Co. Ltd, are the book-running lead managers for the public offer, while KFin Technologies Ltd is the registrar of the offer. According to the DRHP data, the company aims to use ₹ 1,092.27 crore out of the funds raised via the public issue to pay off the company's outstanding borrowings. The company also plans to invest ₹ 1,157.72 crore into its materials subsidiaries, namely Juniper Green Gamma One Pvt. Ltd, Juniper Green Three Pvt. Ltd, Juniper Green Field Pvt. Ltd, Juniper Green Kite Pvt. Ltd, and Juniper Green Ray Two Pvt. Ltd, Juniper Green Beam Pvt. Ltd. The money will be used to pay off outstanding borrowings. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
5 days ago
- Business
- Business Standard
German Green Steel files IPO papers with Sebi; seeks to raise ₹450 cr
Gujarat-based German Green Steel and Power has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The initial public offering (IPO) is a combination of fresh issuance of equity shares worth up to Rs 450 crore and an offer for sale of up to 20 lakh shares by promoters Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The company may consider a pre-IPO placement in consultation with the book-running lead managers before filing the red herring prospectus. If undertaken, the placement will not exceed 20 per cent of the fresh issue size. Proceeds from the fresh issue to the tune of Rs 325.21 crore will be used towards expansion of its manufacturing facility in Gujarat and setting up a hybrid wind and solar power plant while Rs 55.01 crore will be used for repayment of debt and general corporate purposes, according to the DRHP. As of May 31, 2025, the company's total outstanding borrowings stood at Rs 347.33 crore. German Green Steel and Power is a vertically integrated iron and steel manufacturer with a main focus on TMT bars. It has a strong presence in Gujarat. For the nine-month period ended December 31, 2024, the company reported revenue from operations of Rs 979.78 crore and profit after tax of Rs 32.07 crore. The company's shares are proposed to be listed on the BSE and NSE. Systematix Corporate Services and Emkay Global Financial Services are the book running lead managers, while Bigshare Services is the registrar for the IPO.
