Upcoming IPOs in July 2021 – Get ready for the IPO surge

Upcoming IPOs in July 2021
IPO
14/07/2021

The IPO business started a tad late in July. We are well into the third week of July and only 2 IPOs have been completed. The Rs.963 crore IPO of GR Infraprojects and the Rs.1,547 crore IPO of Clean Science and Technologies; both got subscribed over 90 times.

But the Zomato IPO opening on 14 July could set the trend for a string of IPOs in July. Here is a look at the big IPOs expected to open for subscription in the July 2021.

Upcoming IPOs in July 2021 – Some real big IPOs in the offering

IPO Issuer

Sector

Fresh Issue

Offer for Sale

Issue Size

Tatva Chintan Pharma IPO

Specialty Chemicals

Rs.225 crore

Rs.275 crore

Rs.500 crore

Seven Islands Shipping IPO

Logistics

Rs.400 crore

Rs.200 crore

Rs.600 crore

Ami Organics IPO

Chemicals

Rs.300crore

Rs.350 crore

Rs.650 crore

Arohan Financial IPO

Microfinance

Rs.850 crore

Rs.950 crore

Rs.1,800 crore

Shriram Properties IPO

Real Estate

Rs.250 crore

Rs.550 crore

Rs.800 crore

Utkarsh SFB IPO

Small Finance

Rs.750 crore

Rs.600 crore

Rs.1,350 crore

Glenmark Life Science IPO

Pharmaceuticals

Rs.1,160 crore

Rs.540 crore

Rs.1,700 crore

Vijaya Diagnostics IPO

Healthcare

-

Rs.2,000 crore

Rs.2,000 crore

Nuvoco Vistas IPO

Cement

Rs.1,500 crore

Rs.3,500 crore

Rs.5,000 crore

Aadhar Housing IPO

Home Finance

Rs1,500 crore

Rs.5,800 crore

Rs.7,300 crore

Car Trade IPO

Ecommerce

-

Rs.2,000 crore

Rs.2,000 crore

Penna Cement IPO

Cement

Rs.1,300 crore

Rs.250 crore

Rs.1,550 crore

Go Air IPO

Aviation

Rs.3,600 crore

 

Rs.3,600 crore

Zomato IPO

Ecommerce

Rs.9,000 crore

Rs.375 crore

Rs.9,375 crore

Rolex Ring

Auto Ancillary

Rs.70 crore

 

 

Data Source: SEBI Filings

Here is a quick look at the big IPOs in July 2021.

  1. Vijaya Diagnostics will raise Rs.2,000 crore via offer for sale. Vijaya is backed to the extent of 40% by Kedaara Capital. Vijaya is looking to capitalize on the tremendous response to the KIMS IPO and the positive sentiments surrounding healthcare.
     

  2. Glenmark Life Sciences is the API arm of Glenmark hived off via an IPO. The company has aggressive expansion plans and it will look to capitalize on the huge global demand for active pharma ingredients (APIs) in the post pandemic scenario.
     

  3. Nuvoco Vistas, the cement arm of Nirma, will raise Rs.5,000 crore. Nuvoco combined the cement interests of Nirma and added Lafarge India operations plus Emami Cements to it. Cement IPOs are in the limelight for robust demand and solid pricing power.
     

  4. Aadhar Housing Finance will use the Rs.7,300 crore IPO to give an exit to Blackstone, which owns over 98% in Aadhar Housing. The company is focused on low income home loan borrowers, which is one of the fastest growing segments in home loan business.
     

  5. Car Trade, an online digital trading platform for cars, will also come out with an IPO worth Rs.2,000 crore; structured as an offer for sale. Digital stocks are grossly under-represented in Indian market. The scarcity value will be the big story for Car Trade.
     

  6. If all goes well, Go Air plans to raise Rs.3,600 crore via the IPO route to bankroll its recovery and expansion plans. Aviation stocks have had a rough 18 months with deep losses. However, the scarcity value will still work in favour of Go Air.

The first of the mega issues; the Rs.9,375 crore IPO of Zomato open 14 July and closes 16 July. Obviously, other IPOs are waiting for the Zomato IPO to test waters. If the response is rock solid, expect a lot more IPOs to get front-ended to July 2021. Get ready for the surge!

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