In the second half of 2020 indian companies raised more than Rs. 20,000 crore, and in the first half of 2021 almost Rs.40,000 crore.
Reports indicated that at least 20 companies submitted papers for Sebi to launch the Securities and Exchange Board of India (Sebi) approval to launch their initial share-sale in the second half of 2021 to raise over twenty crores, and around twenty-six companies are waiting.
The list of IPOs in July is provided below:
1. GR Infraprojects: The three-day IPO of GR Infraprojects will open on 7 July and includes an offer for sale, according to reports, up to 11.5 million shareholdings of promoters and shareholders. For its Rs.963-crore initial share sale, GR Infraprojects has set a price band of Rs. 828-837.
2. Glenmark Life Sciences : The Glenmark Life Sciences IPO consists of a fresh issuance by its parent company Glenmark Pharmaceuticals Ltd of shares worth Rs. 1,160 crore and a sales offer of up to 7,31 million shares. In accordance with the draft documents a profit from the new issue of Rs. 900 crore will be used to pay the outstanding purchasing consideration for the API spin-off developer and approximately Rs. 153 crore to finance the capital requirements for the capital expenditure.
3. Utkarsh Small Finance Bank : Utkarsh Small Finance is planning a public offering to collect about Rs. 1,350 crore. first public offer includes a fresh Rs. 750 crore edition and up to Rs. 600 crore sale offer from promoter Utkarsh Coreinvest Ltd. On June 3, the Company received an observation from the market regulator. The Varanasi lender would use revenues from the fresh problem to increase the level 1 capital base in order to satisfy future capital requirements.
4. Clean Science Technology : For its approximately Rs. 1,546 crore initial public offering, Clean Science and Technology has set a price band of Rs. 880-900 per share. On July 7, the three-day initial public offering (IPO) will begin and end on July 9. Bidding for anchor investors will begin on July 6, according to the business. Clean Science Technology's initial public offering (IPO) is fully made up of existing promoters and other shareholders.
5. Seven Islands Shipping : Seven Islands' initial public offering consists of a Rs. 400 crore fresh issuance and a Rs. 200 crore offer for sale by FIH Mauritius Investments. Sebi approved the Mumbai-based firm's plan to raise Rs. 600 crore through an initial public offering (IPO) in April.
6. Shriram Properties: Shriram Properties is planning an initial public offering (IPO) to raise Rs. 800 crore. Current shareholders and promoters can sell up to Rs. 550 crore in the Bengaluru-based company's initial public offering, which includes a fresh issue of Rs. 250 crore and an offer for sale of up to Rs. 550 crore.
7. Nuvoco Vistas Corp: Nuvoco Vistas intends to use an initial public offering to raise Rs. 5,000 crore. The IPO will include a fresh issue of Rs. 1,500 crore and an offer for sale of Rs. 3,500 crore by Niyogi Enterprise Pvt Ltd, the company's promoter.
8. Aadhar Housing Finance: The company will issue fresh Rs. 1,500 crore shares via the initial public offer, according to Aadhar's red herring prospectus draft. Blackstone will also sell its existing Rs. 5,800 crore shares.
9. Vijaya Diagnostics Centre : Vijaya Diagnostics may launch an initial public offering (IPO) of Rs 2,000 crore, in which investors and promoters will together dilute a 35 percent interest in the Hyderabad-based firm.
10. AMI Organics Limited : According to sources, Ami Organics is planning to undertake an initial public offering (IPO) for Rs. 650 crore in its second try. The IPO involves a fresh offering of equity shares worth Rs. 300 crore and a promoter and existing shareholder offer to sell up to 6.06 million shares. The speciality chemicals company plans to use Rs. 140 crore of the IPO proceeds to repay debt and Rs. 90 crore to cover working capital requirements.
11. Arohan Financial Services : According to speculations, Arohan Financial Services may go public this month. The Rs. 1,800 crore offer includes a fresh issue of Rs. 850 crore and an OFS, according to the Kolkata-based non-banking financial business. In April, Arohan Financial Services gained approval from the Securities and Exchange Board of India (Sebi) to float initial share sales. On February 15, the company filed preliminary filings with Sebi, and on April 23, it received its remarks.
Comments