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Healthcare services provider Inventurus Knowledge Solutions and packaging company Manjushree Technopack have received a go-ahead from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPOs).After refiling their IPO papers in August, the companies received regulatory approval between November 4 and 8. Shares of the companies would be listed on the BSE and the National Stock Exchange (NSE).Inventurus Knowledge SolutionsMumbai-based Inventurus Knowledge Solutions' IPO comprises an offer for sale (OFS) of up to 2.82 crore equity shares, each having a face value of Re 1, by promoters and individual shareholders, with no fresh issue component.The healthcare services provider would not receive any proceeds from the IPO and the entire fund will go to shareholders, since the issue is entirely an offer for sale. The promoters collectively possess 10.74 crore shares, which make up about 62.6% of the company's issued, subscribed, and paid-up equity share capital, as per the draft red herring prospectus (DRHP).The Mumbai-based firm is a technology-enabled healthcare solutions provider and a care enablement platform assisting enterprises in the US, Canada and Australia, with a focus on the US markets.The IPO will be managed by a consortium of book-running lead managers, including ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited.Also Read | Zinka Logistics IPO: GMP at 8% ahead of issue opening on WednesdayManjushree TechnopackManjushree Technopack is planning to raise Rs 3,000 crore through its IPO. The proposed IPO will consist of a fresh issue of Rs 750 crore and an OFS of equity shares worth Rs 2,250 crore, primarily involving the sale of shares by AI Lenarco Midco Ltd, which currently holds a 97.54% stake in the firm, according to the draft red herring prospectus.The offer also includes a reservation for a subscription by eligible employees.Proceeds from the fresh issue would be allocated for various purposes, including repaying Rs 500 crore of debt and funding inorganic growth through acquisitions and other strategic initiatives.Founded in 1987, Manjushree Technopack is a one-stop packaging solutions provider with end-to-end capabilities from design to delivery. The IPO will be managed by a consortium of book-running lead managers, including JM Financial, Avendus Capital, Citigroup Global Markets, and ICICI Securities.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The grey market premium (GMP) of Zinka Logistics stands at 8% or Rs 28, a day ahead of its initial public offering (IPO) on Wednesday, November 13.The issue will remain available for subscription till November 18.The Bengaluru-based company has fixed a price band of Rs 259-273 per share for the issue offer.The offer comprises a fresh issue of shares amounting to Rs 550 crore and an offer for sale (OFS) by the selling shareholders of up to 2,06,85,800 shares of the company, which are valued at Rs 564.72 crore at the upper limit of the price band.At this upper limit of the price band, the total size of the IPO stands at Rs 1,114.72 crore.The issue opened for anchor investors on Tuesday, November 12, a day before it is available for retail investors. Bids can be made for a minimum of 54 shares and in multiples of 54 thereof.Not less than 75% of the total issue has been reserved for qualified institutional buyers (QIBs), not more than 15% for non-institutional investors (NIIs) and up to 10% for retail investors. Up to 26,000 equity shares have been reserved for employees.The proceeds from its fresh issuance will be utilised to fund sales and marketing costs, for investment in Blackbuck Finserve to finance the augmentation of its capital base, and for expenditure in relation to product development and general corporate purposes.Also read: Sagility India shares list at 3.5% premium over IPO priceThe BlackBuck app, central to Zinka Logistics' offerings, empowers truck operators to manage various aspects of their operations. Through the app, operators can handle toll and re-fuel payments, monitor drivers and fleets using telematics, find loads on the marketplace, and access financing for purchasing used vehicles.In FY24, the app saw robust engagement, with monthly active truck operators using it for over 16.18 days per month and spending an average of 39.56 minutes daily on the platform.The company’s consolidated revenue from continuing operations increased by 69.01% to Rs 296.92 crore in FY24 from Rs 175.68 crore in FY23, primarily due to an increase in its average monthly transacting truck operators, which led to an increase in its commission income, subscription fees, and service fees.Axis Capital, Morgan Stanley India, JM Financial, and IIFL Securities are the book-running lead managers and KFin Technologies is the registrar of the offer.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)