The parent company of PharmEasy, API Holdings, has filed for its DRHP with SEBI on 08th Nov for a fresh issue of ₹6,250cr ($830m) value equity shares and there is no offer for sale (OFS) by the promoters.
They are also looking for a pre-IPO placement of ₹1,250 cr in this issue
Objectives of the issue 1. Repay its outstanding debt of ₹1,930cr 2. Fund organic growth initiatives ₹1,260cr (marketing and promotional activities, supply chain and ramp up technology infra) 3. Fund inorganic growth initiatives ₹1,500cr 4. Corporate purposes ₹1,560cr
Indian Energy Exchange (iexindia.com), a marketplace that provides nationwide automated & transparent trading platform for the physical delivery of electricity, renewables and certificates.
Publicly listed company with NSE: IEX and BSE: 540750 since Oct'17 @iexindia
Commenced operations in 2008; CERC regulated
Current Price : ₹776 (~400% above the IPO price)
52 WH – 52 WL : ₹ 956 / ₹199
Market Cap : ₹ 23,261 Cr.
Enterprise Value : ₹ 23,105 Cr.
P/E : 88
Div Yield : 0.17 %
ROCE : 59.7 %
Debt to equity : 0.02
Sales growth 3Yrs : 11.2 %
Energy Sector in India is rapidly transforming underpinned by 1. Decarbonization (50% RE capacity by 2030) 2. Decentralization (move from centralized generation to distributed) 3. Democratization (giving customer the economic choice) 4. Digitization (use of tech to optimize)