IPO Watch: List of Upcoming IPOs in 2021

Upcoming IPOs
IPO
by Nikita Bhoota 16/06/2021

While we do not have a final list of IPOs for the year 2021. However, here are some companies likely to file or have drafted DRHP with SEBI for Initial Public Offer (IPO) to change their company identity from Private Limited to Limited. The company needs to file DRHP (draft red herring prospectus) and then final RHP (red herring prospectus) for IPO. SEBI approves the Initial Public Offer for the companies and then they go for the IPO.

List of upcoming IPOs in 2021:

Upcoming IPOs in September 2021

1. Sansera Engineering Limited

2. AMI Organics

3. Arohan Financial Services Limited

4. Vijaya Diagnostic Center Limited

5. Fincare Small Finance Bank

6. ESAF Small Finance Bank

7. MobiKwik

8. Aditya Birla Sun Life AMC

9. Adani Wilmar

10. Paras Defence and Space Technologies Limited

11. GoFirst (erstwhile GoAir)

12. Seven Islands Shipping

13. Aadhar Housing Finance

14. Ruchi Soya Industries FPO 

 

IPO Launches Later in 2021:

1. LIC

2. NYKAA

3. Bajaj Energy

4. Paytm IPO

5. Apeejay Surrendra Park Hotels

6. Annai Infra Developers

7. SAMHI Hotels

8. Penna Cements

 

Closed IPOs in 2021:

1. Zomato

2. Glenmark Life Sciences

3. GR Infraproject Limited

4. Clean Science & Technology

5. Dodla Dairy

6. Krishna Institute of Medical Science

7. Shyam Metalics

8. Sona Comstar

9. India Pesticides

10. Tatva Chintan Pharma Chem Ltd

11. Devyani International

12. Windlas Biotech Pvt. Ltd.

13. Krsnaa Diagnostics Ltd.

14. Utkarsh Small Finance Bank

15. Nuvoco Vistas

16. Shriram Properties

17. Chemplast Sanmar Limited

18. CarTrade Tech

19. Aptus Value Housing Finance India Limited

 

Here are the upcoming IPOs which might hit the primary market in 2021: 

- Sansera Engineering Ltd. IPO

Company Background:

Sansera Engineering Limited is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors. Within the automotive sector, the company manufactures and supplies a range of precision forged and machined components and assemblies, such as connecting rod, rocker arm, crankshaft, gear shifter fork, stem comp, and aluminium forged parts, that are critical for engine, transmission, suspension, braking, chassis and other systems for the two-wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, Sansera Engineering manufactures and supplies a range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods. The company supplies most of their products directly to OEMs in finished (forged and machined) condition, resulting in significant value addition by them.

Sansera Engineering Ltd. IPO Details

•    The issue opens on 14 September 2021 and closes on 16 September 2021.
•    The issue size of the IPO is around Rs1,283crores.
•    The objective of the offer is to carry out the offer for sale of up to 17,244,328 equity shares by the selling shareholders and achieve the benefits of listing the equity shares on the stock exchanges.
•    BRLM to the issue are IIFL Securities Ltd, ICICI Securities, Nomura Financial Advisory & Securities.
•    Link Intime India Pvt. Ltd. is the registrar to the issue.  

- AMI Organics Ltd. IPO

Company Background:

AMI Organics Limited is a research and development (R&D) driven manufacturer of specialty chemicals with varied end usage, focused on the development and manufacturing of advanced pharmaceutical intermediates (Pharma Intermediates) for regulated and generic active pharmaceutical ingredients (APIs) and New Chemical Entities (NCE) and key starting material for agrochemical and fine chemicals, especially from the recent acquisition of the business of Gujarat Organics Limited (GOL). The Pharma Intermediates which it manufactures, find application in certain high-growth therapeutic areas including anti-retroviral, anti-inflammatory, anti-psychotic, anti-cancer, anti-Parkinson, anti-depressant and anti-coagulant, commanding significant market share both in India and globally.

AMI Organics Ltd. IPO Details

•    The IPO consists of fresh issue of ₹200cr after the company chose pre-IPO placement of ₹100 cr. Whereas, the offer for sale is 6,059,600 shares amounting to ₹369.6cr, the proceeds of which would go directly to the selling shareholders.
•    Out of the proceeds from the IPO and pre-IPO placement, ₹140 cr would be utilized towards repayment/prepayment of certain loans availed by the company while ₹90cr would be used for funding the working capital requirements of the company and the balance of the fresh issue would be used for general corporate purposes. 
•    The book running lead managers to the issue are Intensive Fiscal Services, Ambit Private Limited and Axis Capital Limited.
•    Link Intime India Private Limited is the registrar to the issue.

- Arohan Financial Services Ltd. IPO

Company Background:

Arohan Financial a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. We provide income generating loans and other financial inclusion related products to customers who have limited or no access to financial services. As of September 30, 2020, our Gross Loan Portfolio (“GLP”) was ₹48.57 billion. We were the largest NBFC-MFI in Eastern India and the fifth largest NBFC-MFI in India based on Gross Loan Portfolio as of September 30, 2020.

Arohan Financial Services Ltd. IPO Details

•    Arohan Financial has filed DRHP with SEBI for ₹1,800 crore IPO. 
•    The IPO consists of Fresh Issue of ₹850 crores and OFS of 2,70,55,893 equity shares.
•    Net Proceeds from the Offer shall be utilized for augmenting the capital base of the Company
•    The book running lead managers (BRLMs) to the issue are Edelweiss Financial Services Limited, ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited.
•    Link Intime India Private Limited is the registrar to the issue.

- Vijaya Diagnostic Center Ltd. IPO

Company Background:

Vijaya Diagnostic Centre Limited offers a one-stop solution for pathology and radiology testing services to its customers through the extensive operational network, which consists of 81 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana & Andhra Pradesh, the National Capital Region and Kolkata as on June 30, 2021.

Vijaya Diagnostic IPO Details

•    The offer comprises of an offer for sale of ₹1,895cr. 
•    The objects of the Offer are to carry out the Offer for Sale of up to 35,688,064 Equity Shares by Selling Shareholders and achieve the benefits of listing the Equity Shares on the Stock Exchanges.
•    The BRLMs to the issue are ICICI Securities, Edelweiss Financial Services and Kotak Mahindra Capital Company.
•    KFin Technologies Pvt. Ltd.is the registrar to the issue.

- MobiKwik IPO

Company Background:

One Mobikwik Systems Limited is a fintech company. It is one of the largest mobile wallets (MobiKwik Wallet) and Buy Now Pay Later (“BNPL”) players in India, based on mobile wallet gross merchandise value (“GMV”) and BNPL GMV, respectively, in Fiscal 2021 (Source: RedSeer Report).

MobiKwik IPO Details

•    The company is planning to raise ₹1,900 crore through its public issue. 
•    The IPO consists of a fresh issue of ₹1,500 crore and an OFS of ₹400 crore by promoters and certain shareholders. 
•    The company intends to utilise the net proceeds from IPO for funding organic growth initiatives; funding inorganic growth; and general corporate purposes.
•    ICICI Securities Limited, BNP Paribas, Credit Suisse Securities (India) Private Limited, IIFL Securities Limited and Jefferies India Private Limited are BRLMs to the issue.
•    Link Intime India Private Limited is the registrar to the issue.

- Adani Wilmar

Company Background:

Adani Wilmar Limited is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. (Source: Technopak Report). The company offers a range of staples such as wheat flour, rice, pulses and sugar. “Fortune” is the flagship brand, of the company. It is the largest selling edible oil brand in India (Source: Technopak Report).
 

Adani Wilmar IPO Details

•    The company is planning to raise ₹4,500 crore through its public issue. 
•    The company intends to utilise the net proceeds from IPO for funding capital expenditure for expansion of our existing manufacturing facilities and developing new manufacturing facilities, repayment/prepayment of our borrowings, funding strategic acquisitions and investments and general corporate purposes
•    Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, BofA Securities India Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, HDFC Bank Limited, and BNP Paribas are global co-ordinators and BRLMs to the issue.
•    Link Intime India Private Limited is the registrar to the issue.

- Paras Defence and Space Technologies Limited

Company Background:

As of December 2020, Seven Islands Shipping is the third largest seaborne logistics company in India by deadweight tonnage. In 2020, the company held a significant market share in Indian time charters of crude oil imports (Source: CRISIL Report). The company is present in the liquid products trade where liquid products like white oils, black oils, lube oil and liquid chemicals are transported in product vessels classified as Small vessels, Medium Range or MR vessels and Long Range or LR vessels. It is also engaged in the crude oil logistics business where crude oil is transported in vessels classified as Aframax, Suezmax and Very Large Crude Carriers or VLCCs. Seven Islands Shipping oil products business is carried out through Small and MR vessels while our crude oil logistics business is currently carried out through Suezmax vessels.

Paras Defence and Space Technologies Ltd. IPO Details

•    The company is planning to raise ₹120 crore through its public issue. 
•    The offering comprises fresh issuance of shares worth ₹120 crore and an offer of sale of up to 17,24,490 equity stocks by promoters and existing shareholders
•    The company intends to utilise proceeds of the fresh issue would be used to fund capital expenditure requirements, to support incremental working capital needs and repayment or prepayment of loans availed by the company.
•    Anand Rathi Advisors is the BRLM to the issue.
•    Link Intime India Private Limited is the registrar to the issue.

- Seven Islands Shipping IPO

Company Background:

As of December 2020, Seven Islands Shipping is the third largest seaborne logistics company in India by deadweight tonnage. In 2020, the company held a significant market share in Indian time charters of crude oil imports (Source: CRISIL Report). The company is present in the liquid products trade where liquid products like white oils, black oils, lube oil and liquid chemicals are transported in product vessels classified as Small vessels, Medium Range or MR vessels and Long Range or LR vessels. It is also engaged in the crude oil logistics business where crude oil is transported in vessels classified as Aframax, Suezmax and Very Large Crude Carriers or VLCCs. Seven Islands Shipping oil products business is carried out through Small and MR vessels while our crude oil logistics business is currently carried out through Suezmax vessels.

Seven Islands Shipping IPO Details

•    The IPO will be worth ₹600 crores.
•    The public issue comprises of fresh issue of ₹400 crore and an offer for sale up to ₹200 crore by FIH Mauritius Investments.
•    JM Financial Limited and IIFL Securities Ltd are BRLMs to the issue.
•    The net proceeds raised from fresh issue are to be utilised to acquire one very large crude carrier vessel and one medium range vessel from the secondary market and general corporate purposes.
•    Link Intime India Private Limited is the registrar to the issue.

- Aadhar Housing Finance IPO

Company Background:

Aadhar Housing Finance is the largest Affordable HFC in India in terms of AUM, as of March 31, 2020. It offers a range of mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property construction and acquisition.

Aadhar Housing Finance IPO Details

•    The IPO will be worth ₹7,300 crores.
•    The public issue comprises of a fresh issue worth ₹1,500 crores and the offer to sell up to ₹5,800 crore by the promoter. 
•    ICICI Securities Limited, Citigroup Global Markets India Private Limited, Nomura Financial Advisory and SBI Capital Markets Limited are BRLMs to the issue.
•    The net proceeds will be utilized towards augmenting its capital base to meet its future capital requirements.
•    KFin Technologies Private Limited is the registrar of the issue.

- Ruchi Soya Industries FPO

Company Background:

Ruchi Soya Industries, a part of Patanjali Group, is one of the leading FMCG brands in the Indian edible oil sector. It is the largest manufacturers of soya foods with a presence across the entire value chain in upstream and downstream businesses with secured palm plantations.

Ruchi Soya FPO Details

•    The IPO will be worth ₹4,300 crores.
•    The net proceeds will be utilized towards repayment and/or prepayment of the company's borrowings either partially or fully, funding working capital requirements and general corporate purposes.
•    SBI Capital Markets Limited, Axis Capital Limited, ICICI Securities Limited are the book running lead managers to the issue.
•    Link Intime India Private Limited is the registrar to the issue.

- Devyani International IPO

Company Background:

It is largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants (“QSR”) in India (Source: Global Data Report), on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 20201. In addition, the company has a franchisee for the Costa Coffee brand and stores in India. The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India.

Devyani International IPO Details

•    They plan to raise Rs 1,400 crores through the IPO, out of which Rs 400 crores will be a fresh issue, 12.5 crore shares will be sold through an offer for sale.
•    The purpose is to repay all borrowings of around Rs 360 crores.
•    The global coordinators and book running lead managers to the issue are Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited and Motilal Oswal Investment Advisors Limited.

Utkarsh Small Finance Bank IPO

Company Background:

Utkarsh Small Finance Bank provides affordable banking services - loans, accounts, deposits and investments across India.

Utkarsh Small Finance Bank IPO Details:

•    Utkarsh Small Finance Bank, is looking to raise ₹1,350 crore through IPO.
•    The IPO consists of a fresh issue of ₹750 crore and an offer for sale (OFS) of ₹600 crore by promoter Utkarsh CoreInvest.
•    The bank intends to utilise the net proceeds from IPO towards expansion of its tier-1 capital base.

- Windlas Biotech Pvt. Ltd. IPO

Company Background:

Windlas Biotech is among the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (CDMO) industry in India in terms of revenue. The IPO consists of fresh issue of ₹440 crore and an offer for sale of 15,53,33,330 equity shares by existing shareholders and promoters.

Windlas Biotech IPO Details:

•    The issue opens on 4 August 2021 and closes on 6 August 2021.
•    The offer comprises of a fresh issue of shares worth₹165 crore and an offer for sale of shares of 51,42,067 equity shares by existing selling shareholders.
•    SBI Capital Markets, DAM Capital Advisors, and IIFL Securities are the BRLM to the issue.
•    The price band is fixed at ₹448-460 per equity share for the public issue. The lot size is of 30 equity shares.
•    The company proposes to utilise the net proceeds from the issue for the purchase of equipment required for capacity expansion of existing facility at Dehradun Plant, to meet working capital requirements and repaying of certain borrowings.

- Fincare Small Finance Bank IPO

Company Background:

Fincare Small Finance Bank has a suite of banking products such as savings accounts, current accounts, fixed deposits, NRI fixed deposits, recurring deposits, microloans, cash overdraft, loans against gold, loan against property, institutional finance, and two-wheeler loan.

Fincare Small Finance Bank IPO Details

•    Fincare Small Finance Bank has filed draft papers for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). It plans to raise Rs 1,330 crore from the primary market.
•    The IPO of Bengaluru-based microfinance company comprises a fresh issue of Rs 330 crore by the bank and an offer for sale of Rs 1,000 crore by promoter Fincare Business Services.
•    Book running lead managers to the issue are ICICI Securities, Axis Capital, IIFL Securities, and SBI Capital Markets.

- Nuvoco Vistas

Company Background:

Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. (Source: CRISIL Report). As of December 31, 2020, the company’s cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and we are one of the leading ready-mix concrete manufacturers in India (Source: CRISIL Report).

Nuvoco Vistas Cement Plants are in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India andRajasthan and Haryana in North India, while our RMX Plants are located across India. As of December 31, 2020, the Cement Plants have an installed capacity of 22.32 MMTPA.

Nuvoco Vistas IPO Details

•    Book Running Lead Managers to the issue are ICICI Securities, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited and J.P. Morgan India Private Limited.
•    Nuvoco Vistas is the cement arm of the household brand Nirma Ltd.
•    The issue size of the IPO is around Rs 5,000 crores of which Rs 1,500 crores will be a fresh issue and the rest an offer for sale.

- ESAF Small Finance Bank Ltd. IPO

Company Background:

ESAF Small Finance Bank is one of the leading small finance banks in India in terms of client base size, yield on advances, net interest margin, assets under management CAGR, total deposit CAGR, loan portfolio concentration in rural and semi-urban areas and ratio of micro loan advances to gross advances.

ESAF Small Finance Bank IPO Details:

•    The company is planning to raise ₹ 998 crore through its public issue. 
•    The IPO consists of a fresh issue of Rs 800 crore and an OFS of ₹197.78 crore by existing selling shareholders.
•    The bank intends to utilise the net proceeds from IPO towards expansion of its tier-1 capital base.
•    Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities are merchant bankers to the issue.

- Shriram Properties:

Company Background:
Shriram Properties has a key presence in South India. It has completed various real estate projects and many projects are under construction.

Shriram Properties IPO Details:

•    The company is planning to raise ₹800 crore through its public issue.
•     The IPO consists of a fresh issue of ₹250 crore and an offer for sale of ₹ 550 crore.
•    The bank intends to utilise the net proceeds from IPO towards repayment and/ or pre-payment of debt and general corporate purposes.

- Krsnaa Diagnostics Limited:

Company Background:

Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.

Krsnaa Diagnostics IPO Details:

•    The issue opens on 4 August 2021 and closes on 6 August 2021.
•    The offer comprises of a fresh issue of shares worth ₹ 400 crore and an offer for sale of shares of 9,416,377 equity shares by existing selling shareholders.
•    DAM Capital Advisors Ltd, Equirus Capital Private Ltd, IIFL Securities Ltd and JM Financial Limited are the book running lead managers to the issue.
•    The company proposes to utilise the net proceeds from the issue to finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra, repayment/pre-payment of firm's borrowings fully or partially and for general corporate purposes.

- Glenmark Life Sciences LTD.

Company Background:

Glenmark Life Sciences is one of the leading manufacturer of Active Pharmaceuticals Ingredients (APIs). The company was incorporated in 2011 as a wholly owned subsidiary of Glenmark Pharma. Glenmark Life is a key player in the API space and in India it competes with other names like Divi's Labs, Laurus Labs, Aarti Drugs, Granules, etc. Glenmark Life Sciences is engaged in manufacturing and supply of high quality APIs to multiple counties in Europe, North America & Latin America. 

 

Glenmark Life Sciences IPO Details

•    The Rs. 1,513.60 crore initial public offer (IPO) will open for subscription from 27 July 2021- 29 July 2021.

•    It will consist of a fresh issue of Rs. 1,060 crore and an offer for sale of Rs. 454 crore.

- Paytm IPO

Company Background:

The Paytm ecosystem covers payments (wallet/UPI), merchant acquiring, credit saving, asset management, insurance and broking services to complement its ecommerce/e-ticketing platforms. “Paytm has over 350 million installed base, 50 million active user base, and over 20 million merchant base. Around 100 million of those users are KYC-compliant as per media reports.

Paytm IPO Details:

•    Paytm has filed a draft prospectus for its initial public offering of ₹16,600 crore.

•    As per the draft prospectus, JPMorgan Chase, Morgan Stanley, ICICI Securities, Goldman Sachs, Axis Capital, Citi and HDFC Bank are among the lead book-running managers for Paytm IPO.

•    Paytm IPO comprises fresh issue of up to ₹8,300 crore, offer for sale of up to ₹8,300 crore.

•    Paytm shareholders comprise Alibaba's Ant Group (29.71 per cent), Softbank Vision Fund (19.63%), SAIF Partners (18.56%) and Vijay Shekhar Sharma (14.67%). AGH Holding, T Rowe Price, Berkshire Hathaway and Discovery Capital are other shareholders in the company.

- GR Infraprojects Limited

Company Background:

G R Infraprojects Limited is an integrated road engineering, procurement and construction (“EPC”) company with experience in design and construction of various roads/highways projects across 15 States in India and having recently diversified into projects in the railway sector. The company was incorporated in December 1995. The company’s principal business operations are broadly divided into three categories: (i) civil construction activities (ii) development of roads, highways on a Build Operate Transfer (“BOT”) basis, including under annuity and Hybrid Annuity Model (“HAM”); and (iii) manufacturing activities, under which they process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers. The Company has executed over 100 projects since 2006.

IPO Details:

·         The Rs 963 crore initial public offer (IPO) opened for subscription on 07 July 2021- 09 July 2021.

·         The offer is fully comprised of an offer for sale of 11,508,704 shares aggregating up to ₹963 crores at the upper price band.

·         The price band for the issue was ₹828-837.

·    HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal  Oswal Investment Advisor, SBI Capital Markets and Equirus Capital Private Limited were Book Running Lead Managers to the issue.

 

- Clean Science and Technology Limited

Company Background:

Clean Science and Technology Limited manufactures functionally critical specialty chemicals such as Performance Chemicals, Pharmaceutical Intermediates, and FMCG Chemicals. The company was incorporated in 2003, and within 17 years of incorporation the company has grown to be the largest manufacturer globally of MEHQ, BHA, Anisole and 4-MAP, in terms of installed manufacturing capacities as of March 31, 2021. The company is among the few companies globally which is focused entirely on developing newer technologies using in-house catalytic processes that are eco-friendly and cost competitive. This has enabled the company to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021. Some of these technologies have been developed and commercialized for the first time globally.

IPO Details:

·The Rs 1,546 crore initial public offer (IPO) opened for subscription on 07 July 2021- 09 July 2021.

·The offer is fully comprised of an offer for sale of shares aggregating up to ₹1,546 crores at the upper price band.

·The price band for the issue was ₹880-900.

·JM Financials Limited, Kotak Mahindra Capital Company and Axis Capital Limited were Book Running Lead Managers to the issue.

- Dodla Dairy

Company Background:

Dodla Dairy Limited was incorporated in 1995 and is an integrated dairy company in entire South India. Company is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. Company processes, sells milk (including standardized, toned, and double toned milk), and produces dairy products such as curd, butter, ghee, ice cream, flavored milk etc. Operations of DDL in India are primarily across the five Indian states of Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra and overseas operations are based in Uganda and Kenya.

Dodla Dairy IPO Details:

  • The Rs 520 crore initial public offer (IPO) of Dodla Dairy opens for subscription on 16 June 2021- 18 June 2021.
  • The price range is Rs 421-428 per share and comprises a fresh issue worth Rs 50 crore and an offer for sale of Rs 470 crore.
  • Book Running Lead Managers are ICICI Securities Limited, Axis Capital Limited.

- Krishna Institute of Medical Science

Company Background:

Krishna Institute of Medical Science Ltd. (KIMS) provides multi-disciplinary integrated healthcare services, with a focus on primary, secondary & tertiary care in Tier 2-3 cities and primary, secondary, tertiary and quaternary healthcare in Tier 1 cities. The company operates 9 multi-specialty hospitals under the “KIMS Hospitals” brand, with an aggregate bed capacity of 3,064, including over 2,500 operational beds as of March 31, 2021, which is 2.2 times more beds than the second largest provider in AP and Telangana.

Krishna Institute of Medical Science IPO Details:

  • The Rs 2,144 crore initial public offer (IPO) of KIMS opens for subscription on 16 June 2021- 18 June 2021.
  • The offer comprises of a fresh issue and an offer for sale. Out of the fresh issue component of Rs.200cr., Rs.150cr. is proposed to be utilized towards repayment/prepayment of certain debt availed by the company and its subsidiaries and the balance amount is attributable to general corporate purposes. The price range is Rs 815-825 per share.
  • Book Running Lead Managers are IIFL Securities Ltd, Axis Capital Ltd, Kotak Mahindra Capital Ltd & Credit Suisse Securities Pvt. Ltd.

- Shyam Metallics

Company Background:

Shyam Metalics and Energy Limited (SMEL) is India's leading integrated metal producer company. The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India's largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.

Shyam Metalics IPO Details:

  • ICICI Securities Limited, Axis Capital Limited, Iifl Securities Limited, JM Financial Limited and SBI Capital Markets Limited are lead managers to the issue.
  • Shyam Metalics and Energy will Issue Equity Shares aggregating up to Rs 909 cr (Fresh Issue of Equity Shares aggregating up to Rs 657 cr and Offer for sale aggregating up to Rs 252 cr).
  • Price band of Shyam Metalics and Energy is Rs 303 – Rs 306 and the Bid Lot Size is of 45 Shares and in multiple thereof.
  • Steel manufacturing company Shyam Metalics and Energy will launch its Rs 909-crore initial public offer (IPO) on June 14.

- Sona Comstar

Company Background:

Sona BLW Precision Forgings Limited, one of India’s leading automotive technology companies, is primarily engaged in designing, manufacturing and supplying highly engineered, mission critical automotive systems and components to automotive OEMs. The company is a leading supplier to the fast-growing global Electric Vehicle (EV) markets and derived 13.8% revenue from the Battery EV market and 26.7% from the Micro Hybrid / Hybrid market in FY21. Its global market share of BEV differential assemblies in calendar year 2020 was 8.7%. The company is among the top ten players globally in the differential bevel gear market and in the starter motor market on the basis of respective volumes supplied to its end segments in calendar year 2020 and has been gaining global market share across products.

Sona BLW Precision Forgings IPO Details:

  • The total Offer size is up to Rs. 5,550 crores with a fresh issuance of equity shares, aggregating up to Rs.300 crores and an offer for sale of equity shares aggregating up to Rs. 5,250 crores, by the Selling Shareholder, namely, Singapore VII Topco III Pte. Ltd.
  • Kotak Mahindra Capital Company Limited, Credit Suisse Securities (India) Private Limited, JM Financial Limited, J.P. Morgan India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the Offer.
  • The Company intends to utilize the proceeds from the fresh issue to repay/prepay approximately Rs. 241.12 crores of its identified borrowings, besides general corporate purposes.
  • Price Band of Rs. 285 – Rs. 291 per equity share of face value of Rs. 10. Bid/Offer Opening Date – Monday, June 14, 2021 and Bid/Offer Closing Date – Wednesday, June 16, 2021. Minimum Bid Lot is 51 equity shares and in multiples of 51 equity shares thereafter.

 

- Life Insurance Corporation of India (LIC)

Company Background:

In India, there are 24 life insurers currently in operation, with LIC commanding the top spot with a market share of 69% in FY20.  The government of India holds a 95% stake, and LIC has assets worth Rs. 34 trillion.  

LIC IPO Details

  • On 1st February 2020, in Union Budget 2020-2021, the country’s finance minister Nirmala Sitharaman has announced the divestment plan of LIC.
  • The IPO is expected in the third quarter of the new financial year.
  • The government of India is likely to dilute not more than 10% of its entire stake in LIC. According to the estimates made by various analysts, the size of the upcoming LIC IPO would range somewhere between Rs. 70,000 crores to Rs. 80,000 crores.
  • According to the government’s estimation, the LIC IPO valuation is pegged at around Rs. 13 lakh crores to Rs. 15 lakh crores. However, most market analysts and experts seem to put the figures somewhere around Rs. 8 lakh crores to Rs. 11.5 lakh crores.

- Nykaa

Company Background:

Nykaa, which was founded in 2012, is India’s top women-centric online marketplace with around 15 million registered users and caters to 1.5 million orders a month. The platform has been able to carve out a niche for itself through excessive focus on the beauty and personal care segment, which differentiates it from horizontal e-commerce companies like Flipkart and Amazon.

IPO Details

  • Nykaa plans to go public later this fiscal at a valuation of $4.5 billion.
  • The size of the public offering is expected to be between $500 million and $700 million.
  • Nykaa has appointed Kotak Mahindra Capital Co. and Morgan Stanley as managers for its initial public offering (IPO).

- Zomato

Company Background:

According to RedSeer, Zomato is one of the leading Food Services platforms in India in terms of value of food sold, as of December31, 2020. During Fiscal 2020, 41.5 million average MAU visited our platform in India. As of December 31, 2020, the company is present in 526 cities in India, with 350,174 Active Restaurant Listings. Zomato mobile application is the most downloaded food and drinks application in India in each of the last three years since 2018 on iOS App store and Google Play combined, as perApp Annie’s estimates. While it has footprint across 23 countries outside India as of December 31, 2020.

Zomato IPO Details

  • The issue consists of an offer for sale of ₹375 crores by the company’s early investor—Info Edge—and a fresh issue worth ₹9,000 crores.
  • The issue is open for subscription on 14 July 2021- 16 July 2021.
  • The price band for the issue is Rs72-76
  • The lead managers to the issue are Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Credit Suisse Securities (India) Private Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited.

- India Pesticides

Company Background:

India Pesticides is an R&D driven agro-chemical manufacturer of Technicals with a growing Formulations business. It is also among the fastest growing agro-chemical companies in India in terms of volume in Fiscal 2020 (Source: F&S Report). The company is also the sole Indian manufacturer and among top five manufacturers globally for several Technicals, such as, Folpet and Thiocarbamate Herbicide (Source: F&S Report). Since commencing our operations in 1984, it has diversified into manufacturing herbicide and fungicide Technicals and active pharmaceutical ingredients (“APIs”). India Pesticides also manufacture herbicide, insecticide and fungicide Formulations.

India Pesticides IPO Details:

  • Book Running Lead Managers to the issue are Axis Capital Limited and JM Financial Limited.
  • The public offer comprises a total of Rs 800 crores. Of the total issue size, Rs 100 crores will be a fresh issue and Rs 700 crores will be an offer for sale.
  • The net proceeds from the issue will be utilised for working capital requirements.

- Bajaj Energy

Company Background:

Bajaj Energy along with Lalitpur Power Generation Company Limited (LPGCL) is one of the largest private sector thermal generation companies in Uttar Pradesh (Source: CRISIL Research). The total gross installed capacity of 2,430 MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by BEL (the "BEL Power Plants") and 1,980 MW from the power plant owned and managed by LPGCL (the "LPGCL Power Plant").

IPO Details:

  • The company has said that it is looking to acquire Lalitpur Power’s 1,980 MW from the proceeds of the IPO.
  • The company is one of the largest private thermal generation companies.
  • Book Running Lead Managers to the issue are Edelweiss Financial Services Limited, IIFL, SBI Capital Markets Limited and Co-Book Running Lead Manager is IDBI Capital Markets & Securities Limited.
  • The IPO size of the company is expected to be around Rs 5,450 crores, of which Rs 5,150 crores will be a fresh issue.

- Aditya Birla Sun Life Asset Management Company

Company Background:

Aditya Birla Sun Life Mutual Fund is one of the largest fund houses in India. Aditya Birla Sun Life Mutual Fund is a joint venture between the Aditya Birla Group and Sun Life Financial, Canada based international financial company.  Aditya Birla MF offers in-house mutual funds across different asset classes.

Aditya Birla Sunlife AMC IPO Details

  • Aditya Birla Capital will sell up to 2.88 million shares held by it in the asset management business, while Sun Life (India) AMC will sell up to 36.03 million shares. Aditya Birla Capital holds 51% stake in the AMC, and the remaining 49% is held by Sun Life.
  • Kotak Investment Banking, Bofa Securities, Citigroup Global markets India, Axis Capital, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Banking, SBI Capital and Yes Securities are the book running lead managers to the issue.
  • Aditya Birla Capital Ltd and Sun Life (India) AMC will together sell a 13.5% stake in their asset management joint venture - Aditya Birla Sun Life AMC Ltd.
  • The IPO size could be around Rs 2,000 crore

Apeejay Surrendra Park Hotels:

Company Background:

They are one of India’s top 10 hospitality companies in the upscale segment and they have pioneered the concept of luxury boutique hotel in India under “THE PARK” brand, which has since been extended to their upper-midscale brand “Zone by The Park”, according to the Horwath HTL Report.

This Company operates hotels under three brands, namely “THE PARK, “THE PARK Collection” and “Zone by The Park”. They are part of the Apeejay Surrendra group which is a leading Indian conglomerate. The group’s business is spread across industries such as hospitality, shipping, tea, real estate, retail brands such as Oxford bookstores, and education.

IPO Details:

  • The hotel chain may raise up to Rs 1,000 crores in its IPO.
  • The IPO may comprise a fresh issue of up to Rs 400 crores and an offer-for-sale (OFS) of up to Rs 600 crores.
  • Axis Capital Limited, JM Financial Limited and ICICI Securities Limited are lead managers to the issue.

Annai Infra Developers:

Company Background:

Tamil Nadu-based engineering, procurement and construction company Annai Infra Developers is mainly engaged in engineering, procurement and construction (EPC) activities of water management and irrigation projects. Business operations of the company involve: (i) equipment procurement (ii) project management and (iii) construction and commissioning of the projects.

IPO Details:

  • Pantomath Capital Advisors is the book running lead manager.
  • Annai may raise around Rs 200-225 crore through the public issue.

 SAMHI Hotels

Company Background:

It is one of India’s leading hotel owner and asset manager. The company have a portfolio of 27 operating hotels comprising of 4,048 keys across India, as of June 30, 2019. SAMHI have a diverse geographic presence as our hotels span 12 of India’s key urban consumption centres, including Delhi, Bengaluru, Hyderabad, Chennai and Pune, which together accounted for 52.6% of India’s air passenger traffic during the Financial Year 2019 (Source: HVS Report). For operating hotels, the company have long-standing relationships with three of the well-established and leading hotel operators, namely, Marriott, IHG and Hyatt.

IPO Details:

  • The IPO size is around Rs 1,800-2000 crores.
  • This comprises a fresh issue of Rs 1,100 crores.
  • The company may be using the proceeds to pay off the indebtedness and for general corporate purposes.
  • Kotak Mahindra Capital Company Limited, CLSA India Private Limited, DSP Merrill Lynch Limited and Goldman Sachs (India) Securities Private Limited are the lead managers to the issue.

- GoFirst (erstwhile GoAir)

Company Background:

Wadia Group-backed GoAir has been rebranded as 'Go First' as the airline is betting big on its ultra-low-cost business model to tide over the impact of the COVID-19 pandemic. Go Air is the third Indian carrier to be listed on the bourses after SpiceJet and IndiGo. The airline, which was launched in 2005, has a market share of more than 9.5% in India currently. The Go First as ULCC (ultra-low-cost carrier) would operate narrow-body aircraft type across its fleet, which comprises Airbus A320 and A320 Neos (new engine option) planes in operation.

Go Airlines IPO Details

  • The IPO will be worth Rs 3,600 crores.
  • They aim to repay the debt of around Rs 2,000 crores owned to Indian Oil Corp for jet fuel.
  • The global coordinators and book running lead managers to the issue are ICICI Securities, Citigroup Global Markets India Pvt Ltd, and Morgan Stanley India Company Pvt Ltd.

- Penna Cements

Company Background:

Hyderabad-based Penna Cement has a strong brand recall in southern and western states of the country. It operates out of four integrated manufacturing facilities and two grinding units across Andhra Pradesh, Telangana and Maharashtra with an aggregate capacity of 10 MMTPA as of March, 2021

IPO Details:

  • The company is planning to raise Rs 1,550 crores through its IPO.
  • The fresh issue is Rs 1,300 crores and Rs 250 crores is through an offer for sale.
  • The company wants to repay borrowings, up-grade raw materials and set up a waste heat recovering plant.
  • The global coordinators and book running lead managers to the issue are Edelweiss Financial Services Limited, Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and YES Securities (India) Limited.

- CarTrade Tech

Company Background:

CarTrade.com is an online auto marketplace providing buyers and sellers a structured platform for transacting in new and used vehicles. Since its inception, it has expanded its offerings across India with a network of more than 4,000 dealers. Currently, over 4 million unique consumers visit CarTrade.com every month according to its website.

The firm’s business can be divided into two parts: CarTrade.com, the consumer portal where the users can visit to buy and sell used/new cars and CarTradeExchange, the dealer portal which helps them manage their business operations.

Cartrade Tech IPO Details

  • The Warburg-Pincus-backed company expects to raise Rs 2,000 crores through an offer for sale.
  • Axis Capital, Kotak Mahindra Capital, Nomura and Citi are the investment banks works on the CarTrade IPO

- Tatva Chintan Pharma Chem Ltd

Company Background:

Tatva Chintan Pharma Chem Limited is a specialty chemicals manufacturing company engaged in the manufacture of a diverse portfolio of structure directing agents (“SDAs”), phase transfer catalysts (“PTCs”), electrolyte salts for super capacitor batteries and pharmaceutical and agrochemical intermediates and other specialty chemicals (“PASC”).  The company is the largest and only commercial manufacturer of SDAs for zeolites in India. It also enjoys the second largest position globally. (Source: F&S Report) In addition, Tatva Chintan Pharma Chem is one of the leading global producers of an entire range of PTCs in India and one of the key producers across the globe. (Source: F&S Report). Considering the wide application of our products, the company serve customers across various industries, including the automotive, petroleum, pharmaceutical, agro chemicals, paints and coatings, dyes and pigments, personal care and flavour and fragrances industries. Apart from the company’s customers in India, it also export our products to over 25 countries, including the USA, China, Germany, Japan, South Africa, and the UK.

Tatva Chintan Pharma IPO Details

  • The Rs 500 crore initial public offer (IPO) opens for subscription on 16 July 2021- 20 July 2021.
  • The offer consists of Fresh Issue of Equity Shares aggregating upto ₹225 Crore and Offer for sale of Equity Shares aggregating upto ₹275Cr.
  • The price band for the issue is ₹1,073-₹1,083
  • Book Running Lead Managers are JM Financials Limited and ICICI Securities

- Chemplast Sanmar Limited

Company Background:

Chemplast Sanmar Limited (CSL) is a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. CSL is the leading manufacturer of specialty paste PVC resin in India, on the basis of installed production capacity as of December 31, 2020. In addition, CSL is also the 3 rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide, each in South India region, on the basis of installed production capacity as of December 31, 2020 and one of the oldest manufacturers in the chloromethanes market in India.

Chemplast Sanmar IPO Details

•    The issue opened on 10 August 2021 and closes on 12 August 2021.
•    The offer consists of fresh issue of equity shares aggregating up to Rs 1,300 Crore and Offer for sale aggregating up to Rs 2,550 Crore.
•    The price band is fixed at Rs 530-541per equity share for the public issue. The lot size is of 27 equity shares.
•    GCBRLMs are Axis Capital, ICICI Securities, Credit Suisse, IIFL Securities, Ambit Pvt Ltd., BOB Capital Markets, HDFC Bank. BRLMs are Indusind Bank, Yes Securities.

- Aptus Value Housing Finance India Limited

Company Background:

Aptus Value Housing Finance India Limited (Aptus) is an entirely retail focussed housing finance company primarily serving low and middle income self-employed customers in the rural and semi-urban markets of India.

Aptus Value Housing Finance India IPO Details

•    The issue opened on 10 August 2021 and closes on 12 August 2021.
•    The offer consists of fresh issue of equity shares aggregating up to Rs 500 Crore and Offer for sale of  64,090 equity shares.
•    The price band is fixed at Rs 346-353 per equity share for the public issue. The lot size is of 42 equity shares.
•    ICICI Securities, Citigroup global, Edelweiss Financial, kotak Mahindra Capital are the book running lead managers to the issue.

 

See detailed Video on Upcoming IPOs: 

Disclaimer: The above report is compiled from information available on the public platforms.

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