The OFS comprises the sale of shares by Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts Private Ltd and Harsh Sureshkumar Shah.
Founded in 1999, Gopal Snacks is a fast-moving consumer goods company, offering namkeen, western snacks, and other products across India and internationally.
As of September 2023, the namkeen makers’ products were sold in 10 states and two Union Territories and has a network of 3 depots and 617 distributors.
The Rs 423.56-crore IPO of integrated marketing services firm RK Swamy will be open for public subscription during March 4-6.
Shares will be available for bidding in the price range of Rs 270-288 apiece.
The company’s IPO comprises a fresh issue of shares aggregating up to Rs 173 crore and an OFS of up to 87 lakh equity shares by selling shareholders worth Rs 250.56 crore at the upper end of the price band.
Those offering shares in the OFS are Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund L.P, and Prem Marketing Ventures LLP.
Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes.
Also, funds would be utilised for investment in the IT infrastructure development of RK Swamy Ltd and its subsidiaries Hansa Research and Hansa Customer Equity.
Zinc oxide manufacturer JG Chemicals’ initial share-sale is a combination of fresh issue of equity shares worth up to Rs 165 crore and an OFS of 39 lakh equity shares aggregating to Rs 86.2 crore, at the upper end of the price band, by promoter group.
As part of the OFS, Vision Projects & Finvest Pvt Ltd, Suresh Kumar Jhunjhunwala (HUF), Anirudh Jhunjhunwala (HUF) and Jayanti Commercial Ltd will offload equity shares.
The company has fixed a price band of Rs 210 to Rs 221 apiece for its Rs 251.2-crore issue, which will open for public subscription on March 5 and conclude on March 7.
Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals’ material subsidiary BDJ Oxides and Rs 35 crore will be used for funding the long-term working capital requirements of the company.
Besides, a portion will be used for general corporate purposes.
