7 Upcoming IPOs in India in June / July 2017 to watch

7 Upcoming IPOs in India in June and July 2017 to watchUpcoming IPOs in India in June / July 2017 to watch


After HUDCO IPO got oversubscribed 118 times and listed with 25% listing gains, investors are now waiting for upcoming IPO’s in June and July, 2017 to invest. There are 7 upcoming IPO’s of which most of them received SEBI approval and waiting to enter the stock market. CDSL IPO, Tejas Network IPO, GTPL Hathway, MAS Financial Services, Bharat Road Network etc. are going to hit market in June 2017 onwards. How are these IPO’s? Can these upcoming IPOs in India can create wealth for investors? Here is the quick analysis about these 7 upcoming IPO’s to watch now in June / July 2017.

Also Read: 10 Best Midcap Stocks for 2017 that posted good Q4 Results

7 Upcoming IPOs in India in June / July 2017 to watch


These 7 upcoming IPO’s in India can create good wealth stock market investors. However, let us quickly check more details these IPOs. Is it worth investing in such IPOs?

1) CDSL Limited IPO


CDSL Ltd is the subsidiary of BSE Ltd which provides security depository services in India. Its services includes such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.

The issue size is Rs 400 Crores.

The issue price is expected to be in between Rs 113 and Rs 115 per share.

Expected date of the issue is 19-June-2017 to 21-June-2017.

CDSL IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 145 Crores for FY15 to Rs  186 Crores for FY17.

Its profits are increased from Rs 57 Crores for FY15 to Rs 86 Crores for FY17.

One of the good upcoming IPO to invest. However, let us see full details based on final prospectus.

2) MAS Financial Services IPO


They are a Gujarat-headquartered NBFC with more than two decades of business operations and they operated across six States and the NCT of Delhi. Its business and financing products are primarily focused on middle and low income customer segments, and include five principal categories: (i) micro-enterprise loans; (ii) SME loans; (iii) two-wheeler loans; (iv) Commercial Vehicle loans (which include new and used commercial vehicle loans, used car loans and tractor loans); and (v) housing loans

MAS Financial Services targets to raise up to Rs 550 crore comprising of fresh issue aggregating up to Rs 307.4 crore and an offer for sale by selling shareholders aggregating up to Rs 242.6 crore.

The issue price is yet to be known.

MAS Financial Services IPO got SEBI Approval this week and this IPO is expected in June / July, 2017.

This IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 293 Crores for FY16 to Rs 340 Crores for FY17.

Its profits are increased from Rs 53 Crores for FY16 to Rs 67 Crores for FY17.

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3) Bharat Road Network IPO


The company is a road Build-operate-transfer company in India, focused on development, implementation, operation and maintenance of roads, highways projects.

The IPO size is Rs 420 Crores to Rs 560 Crores

The issue price is yet to be known.

Bharat Road Network IPO got SEBI Approval this week and this IPO is expected the issue any time in June / July, 2017.

This IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 7.34 Crores for FY15 to Rs 16.3 Crores for FY16. Its FY17 nos are not yet published.

Its losses reduced from Rs 46.6 Crores for FY15 to Rs 26.9 Crores for FY16. Its FY17 nos are not yet published.

Though it is incurring losses, it is attracting investors as such losses are due to initial investments in the business.

4) Tejas Network IPO


Tejas Network is an India-based optical and data networking products company with customers in over 60 countries. They design, develop and sell high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defence companies and government entities. Its products are used to build high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fibre.

Its IPO size is Rs 450 Crores

The issue price is yet to be known.

The IPO is expected very soon in June 2017 as it already received SEBI approval.

This IPO would get listed on BSE/NSE.

Its revenue is increased from Rs 385 Crores for FY15 to Rs 625 Crores for FY16. Its FY17 nos are yet to be published.

Its incurred loss of Rs 16 Crores for FY15 and profits of Rs 27.5 Crores for FY16. Its FY17 nos are yet to be published.

5) GTPL Hathway IPO


They are a leading regional MSO in India, offering cable television and broadband services. They are the number 1 MSO in Gujarat with a market share of 67% of cable television subscribers in 2015, accounting for approximately 3.7 million of 5.6 million cable television households in Gujarat. They are the number 2 MSO in Kolkata and Howrah in West Bengal with a market share of 24% of cable television subscribers in this market in 2015, accounting for approximately 0.7 million of 3.0 million cable television households in Kolkata and Howrah.

GTPL Hathway has received capital markets regulator Securities and Exchange Board of India (SEBI)’s approval to float an initial public offering (IPO) recently.

Its IPO size is Rs 600 Crores

The issue price is yet to be known.

Since it got SEBI approval, the IPO is expected now in June 2017 itself.

This IPO would get listed on BSE/NSE.

Its consolidated revenue is increased from Rs 632 Crores for FY15 to Rs 852 Crores for FY16. Its FY17 nos are yet to be published.

Its consolidated profits increased from Rs 16.7 Crores for FY15 to Rs 69 Crores for FY16. Its FY17 nos are yet to be published.

6) Salasar Technologies IPO


Rajasthan-based Salasar Techno Engineering provides customised steel fabrication and infrastructure solutions for telecommunication towers, transmission towers and substation structures and solar module mounting structures.

Its IPO size is Rs 36 Crores

The issue price is expected at Rs 108 per share.

Since it got SEBI approval, the IPO is expected any time in June 2017 now.

This IPO would get listed on BSE/NSE.

Its standalone revenue is increased from Rs 276 Crores for FY15 to Rs 278 Crores for FY16. Its FY17 nos are yet to be published.

Its standalone profits increased from Rs 4.6 Crores for FY15 to Rs 10.2 Crores for FY16. Its FY17 nos are yet to be published.

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7) Apex Frozen Foods IPO


Apex Frozen Foods, an integrated producer and exporter of shelf stable aquaculture products in India

Its IPO size is yet to be known

The issue price is yet to be known.

Since it got SEBI approval, the IPO is expected any time in June 2017.

This IPO would get listed on BSE/NSE.

Its standalone revenue is increased from Rs 604 Crores for FY15 to Rs 608 Crores for FY16. Its FY17 nos are yet to be published.

Its standalone profits increased from Rs 18.3 Crores for FY15 to Rs 19.3 Crores for FY16. Its FY17 nos are yet to be published.

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Suresh

7 Upcoming IPOs in India in June / July 2017 to watch

12 comments

  • Ruby Mitra

    Please inform me of good ipos in forthcoming months of the year 2017

  • Biju Philip

    Dear Mr. Suresh,

    Thank you for your evaluation about AU Small Financial bank. I applied for it, but got only one lot. Your calculation was 100% accurate. Today trading end at the rate of RS.541.20. Thank you very much. Wish you all the success.

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