New Delhi, June 15 -- Nutraceutical maker Universal NutriScience Pvt Ltd has shortlisted potential investors while fintech unicorn Razorpay has confidentially filed draft documents for an initial public offering and components maker Chamundi Die Cast is looking for private equity funding, according to separate media reports.

Universal NutriScience

Universal NutriScience (UNS), which is backed by private equity firm Kedaara Capital, has shortlisted candidates in an ongoing process to sell a controlling stake, according to a Moneycontrol report.

British consumer healthcare player Haleon, private equity firm Warburg Pincus and Goldman Sachs Private Equity are going ahead in the next stage of the process. The bids by shortlisted suitors valued UNS upwards of Rs 2,200 crore, the report said. Kedaara is eyeing an exit in this process.

The report added that homegrown investment firm ChrysCapital had also progressed to the next stage. Private equity firm TA Associates may have also expressed interest in the ongoing transaction, Moneycontrol said.

Razorpay

Bengaluru-based fintech unicorn Razorpay has confidentially filed its draft red herring prospectus with the Securities and Exchange Board of India, according to multiple reports.

Razorpay received shareholders' approval last week to raise Rs 2,700 crore in fresh funding through IPO besides an offer-for-sale by existing shareholders.

Moneycontrol reported that the total size of the proposed IPO could be $500-600 million. The Economic Times previously reported that Razorpay could target $600-700 million in the IPO at a valuation of $5 billion to $6 billion.

Razorpaycounts Y Combinator, Peak XV Partners, Lightspeed Venture Partners, Tiger Global and GIC among others as its backers.

Chamundi

Components maker Chamundi Die Cast Pvt Ltd is exploring a stake sale to raise up to Rs 1,500 crore as the company's promoters eye its first external fundraise, according to a Mint report.

The company, which manufactures components primarily for the auto industry, has appointed KPMG as an advisor for the process, the report said, citing people close to the discussions.

According to the report, Chamundi is looking to raise capital to accelerate growth and professionalize operations and that several private equity firms have been approached.

However, the report noted that Chamundi has been scouting for investors "for quite some time" and that the process had not picked up pace due to global uncertainties. The company has now relaunched the fundraise.

Published by HT Digital Content Services with permission from VC Circle.