10 Upcoming IPOs in India – June, July and August 2021

10 Upcoming IPOs in India – June, July and August 2021

10 Upcoming IPOs in India – June, July and August 202110 Upcoming IPOs in June, July and August 2021

There are dozens of IPO’s that are lined up in queue to tap the secondary market in India. While some companies got SEBI approval in the last few months, they are going on slow pace due to stock market volatility and covid second way that is hitting hard in India. Which are the upcoming IPOs in India that are expected to come in June, July and August 2021? How large are these upcoming IPOs?

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List of Upcoming IPOs in June, July and August 2021

While there are more than dozen of IPOs that are expected to come in 2021, only few got SEBI approval, and few are in the process of closure of approvals and related formalities.

Here is the top 10 upcoming IPO list now.

#1 – Shyam Metalics and Energy – 1,107 Crores IPO

#2 – Sona Comstar – 6,000 Crores IPO

#3 – India Pesticide – 800 Crores IPO

#4 – Arohan Financial – 1,800 Crores IPO

#5 – ESAF Small Finance Bank – 976 Crores IPO

#6 – Dodla Dairy – 800 Crores IPO

#7 – Seven Island Shipping – 600 Crores IPO

#8 – Kims Hospital – 200 Crores+ IPO

#9 – Glenmark Life Science – 1,200 Crores IPO

#10 – Fincare Small Finance Bank – 1,330 Crores IPO

10 Upcoming IPOs in India – June, July and August 2021

Let me provide you more insights about these companies with approximate dates (upcoming IPO calendar).

#1 – Shyam Metalics and Energy – 1,107 Crores IPO

Shyam Metalics and Energy Limited is one of the leading integrated metal producing company in India. It is also one of the largest producers of ferro alloys in India.

Shyam Metalics IPO was expected in April 2021 which got delayed now.

It got IPO approval from SEBI on May 17, 2021. This IPO is expected by 1st or 2nd week June 2021.

ICICI Securities, JM Financial, Axis Capital, IIFL Securities and SBI Capital Markets are the book running lead managers to the issue.

Due to bull run now, this IPO could be aggressively priced. We would provide our complete review once the IPO price is announced.

#2 – Sona Comstar – 6,000 Crores IPO

Gurugram based Sona Comstar is one of India’s leading automotive technology companies in India. The company is engaged in designing, manufacturing and supplying highly engineered, mission-critical automotive systems and components, to automotive OEMs across the US, Europe, India and China.

Company is coming up with fresh issue of IPO and the proceeds would be utilized to repay the debt and general corporate purpose.

Sona Comstar has received IPO approval from SEBI on 11th May 2021.

Sona Comstar IPO is expected in June 2021.

#3 – India Pesticide – 800 Crores IPO

India Pesticides is among the fastest growing agro-chemical companies in India in terms of volume (FY20). It is also the sole Indian manufacturer and among top five manufacturers globally for several technicals, such as, folpet and thiocarbamate herbicide.

India Pesticides got SEBI approval for its IPO in 1st week of May 2021.

India Pesticides IPO size is Rs 800 crores which contains fresh issue + Offer for Sale. Its fresh issue would be used for working capital requirements.

India Pesticides IPO is expected to hit market in June 2021.

#4 – Arohan Financial – 1,800 Crores IPO

Arohan Financial is a NBFC company in India.

Company is planning to raise Rs 1,750 to Rs 1,800 Crores through IPO. This would contain fresh issue + Offer for Sale (OFS). Fresh issue would be utilized for working capital requirements and general corporate purpose.

Arohan Finance has received SEBI approval for its IPO in last week of April 2021.

Arohan Finance IPO is also expected in June or July 2021.

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#5 – ESAF Small Finance Bank – 976 Crores IPO

ESAF Small Finance Bank is categorized as small finance bank. This small finance bank standing in the banking space and has over 400 branches in the country.

Company is planning to raise Rs 976 Crores through IPO which includes both offer for sale of 800 Crores and fresh issue of 176 Crores.

ESAF Small Finance Bank got approval for its IPO from SEBI in April 2020. However due to covid, they have delayed the IPO. Generally, companies have 12 months’ time for them to go for IPO after SEBI approval, however, in special cases, they can get another 6 months extension.

ESAF Small Finance Bank IPO is also expected in June 2021.

#6 – Dodla Dairy – 800 Crores IPO

Dodla Dairy is a leading dairy company in South India.

Company is planning to raise Rs 800 Crores through IPO. While majority of the issue would be Offer for sale, it contains fresh issue of approx. Rs 50 Crores. This fresh issue would be utilized for repayment of certain borrowings, funding capital expenditure requirements and general corporate purposes.

It has received SEBI approval for its IPO in last week of April 2021.

Dodla Diary IPO is also expected in June or July 2021.

#7 – Seven Island Shipping – 600 Crores IPO

Seven Islands is a seaborn logistics company in India. Company started operations with one vessel in 2003 and currently have 20 Indian owned liquid cargo vessels with total dead weight tonnage capacity of 1.1 Mn MT. Company has acquired 40 vessels and sold 20 vessels in the last 18 years.

Company is planning to raise Rs 600 Crores through IPO which includes both offer for sale of 200 Crore and fresh issue of Rs 400 Crore.

Seven Island has received SEBI approval for its IPO in last week of March 2021.

Seven Island IPO is also expected in June/July 2021.

#8 – Kims Hospital – 200 Crores+ IPO

Krishna Institute of Medical Sciences (KIMS) is one of the leading corporate healthcare entities in Telangana and Andhra Pradesh.

Company is planning to raise Rs 200 Crores+ through IPO which includes both offer for sale of 200 Crore and fresh issue (where the amount is yet to be known).

KIMS Hospital has received SEBI approval for its IPO in first week of May 2021.

KIMS Hospital IPO is also expected in June or July 2021.

#9 – Glenmark Life Science – 1,200 Crores IPO

Glenmark Life Science, wholly owned subsidiary of Glenmark Pharma.

Glenmark Life Science Limited is a leading developer and manufacturer of select high value, non-commoditized active pharmaceutical ingredients in chronic therapeutic areas, including cardiovascular disease, central nervous system disease, pain management and diabetes.

Company is planning to raise Rs 1,200+ Crores through IPO which includes both offer for sale of 1,160 Crore and fresh issue (where the amount is yet to be known).

Glenmark Life Science has submitted draft proposal with SEBI for its IPO and the SEBI approval is yet to be received.

Glenmark Life Science IPO is expected in July or August 2021.

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#10 – Fincare Small Finance Bank – 1,330 Crores IPO

Fincare Small Finance Bank is a microfinance company in India.

Company is planning to raise Rs 1,330 Crores through IPO which includes both offer for sale of 1,000 Crores and fresh issue of 330 Crores.

Fincare small finance bank has submitted DRHP with SEBI for IPO approval in the 2nd week of May 2021 and awaiting IPO approval.

Fincare Small Finance Bank IPO is also expected in July or in August 2021.

If you are wondering which IPO is best to buy, it would be difficult to answer, as it would not only depend on the company business, but also the issue price. One need to do individual companies IPO analysis before investing.

What are you waiting for? Keep money in your bank to invest in these IPOs for listing gains.

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Suresh KP

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