There have been reports that the company might go public through a reverse takeover in 2021. McLaren Group, the British Formula One firm and sports carmaker, has been linked to an IPO since 2011 when its executive chairman stated that it might happen within five years. Star Health, a private health insurer in the country, is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala.McLaren Group (estimated market cap: £560 million) Those offering shares through the offer for sale are promoter and promoter group Safecrop Investments India LLP, Konark Trust, MMPL Trust and existing investors Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish and Berjis Minoo Desai. Star Health and Allied Insurance Company's IPO comprises fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 60,104,677 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP). The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.Īdani Wilmar is a 50:50 joint venture company between the Adani group and the Wilmar group. There will not be any secondary offering. According to merchant banking sources, the initial share-sale is expected to fetch Rs 3,500-4,000 crore, valuing the company in the range of $5 billion to $5.5 billion.Īdani Wilmar's proposed IPO will be in the form of fresh issue of equity shares for an amount of up to Rs 4,500 crore (approximately $600 million).

Those selling shares in the OFS are - promoter Sanjay Nayar Family Trust and shareholders, TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Lighthouse India III Employee Trust, Yogesh Agencies & Investments, J M Financial and Investment Consultancy Services and some individual shareholders. Going by the draft papers, the IPO of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, comprises fresh issue of equity shares worth Rs 525 crore and an offer for sale (OFS) of 43,111,670 equity shares by promoter and existing shareholders.

Ipos 5