IPO 2021 | Business Upturn

List of upcoming IPOs in India 2021

News Desk — Mon, 08 Mar 2021 15:31:34 +0000

Here’s a list of IPOs that are likely to be launched in March 2021

MTAR Technologies –

The national player in the precision engineering industry is all set to launch its IPO on March 3, 2020 and the company is looking forward to raising Rs 597 crore from share issue. The price band of the share is Rs 574-575/share with a minimum quantity of 26 shares. The company will get listed on March 16 and its issue will get closed on March 5.

Easy Trip Planners –

The firm is India’s third largest travel agency which was started in the year 2008 in terms of gross revenue. The firm has served over 400 domestic and international airlines and nearly 1,096,400 hotels (till 2019). However, the details of the offer are still awaited.

Anupam Rasayam –

The company is engaged in custom synthesis and manufacturing of specialty chemicals in India. The government has also recognized the company as a three-star export house. The company’s profit after tax as market in September 2020 was Rs 264.84 crore. The company plans to raise Rs 760 crore via public issue (Details of the offer are not yet disclosed)

Apeejay Surrendra Park Hotels –

The hospitality major has filed papers with SEBI in 2020 and hasn’t proceeded further yet. The company aims to raise upto Rs 1,000 crore via their public issue. The IPO aims at fresh issue of Rs 400 crore and OFS (Offer-for-sale) of Rs 600 crore (Details of the offer are not yet disclosed)

Suryoday Small Finance Bank –

The small lender is set to launch its public issue this year after the firm received SEBI nod to move ahead in December 2020. The firm has over 20 institutional investors and a net worth of Rs 1,000 crore (tentative). (Details of the offer are not yet disclosed)

Craftsman Automation –

The auto component maker has received SEBI’s nod to proceed further after they filed papers in December. The company aims to raise Rs 800 crore via public issue. (Details of the offer are not yet disclosed)

Barbeque Nation Hospitality –

The hospitality firm dealing with food and beverages has filed its papers with SEBI in July 2020 and also received approval to proceed further. The company might look forward to launch its IPO next month. The firm aims to raise Rs 1,100-1,200 crore via issue of shares. (Details of the offer are not yet disclosed)

Puranik Builders –

The real estate firm had filed for public issue in 2019 and got approval in the month of January. The company is looking forward to raising Rs 1,000 crore via issue. (Details of the offer are not yet disclosed)

Nazara Technologies –

The firm deals with gaming applications and is the first such firm to get listed on the exchanges. It is popular for games like World Cricket Championship, Chotta Bheem and Motu Patlu. It aims to raise Rs 2,500 crore via share issue. (Details of the offer are not yet disclosed)

Aadhar Housing Finance –

The housing finance company which aims to serve customers with mortgage and home loans is all set to raise Rs 7,300 crore via public issue of shares. The firm has 290+ branches (as of September 2020). (Details of the offer are not yet disclosed)

Macrotech Developers –

The renowned realty firm aims to raise Rs 2,500 crore via its issue. The company is popularly known as Lodha Developers and the firm has filed papers with SEBI for the third time. Earlier, the firm filed papers in the year 2009 and 2018. (Details of the offer are not yet disclosed)

Kalyan Jewellers India –

The firm is one of India’s largest jewellery company based on revenues. It aims to raise Rs 1,750 crore via share issue and will launch the IPO in coming months. (Details of the offer are not yet disclosed)

Krishna Institute of Medical Sciences files ₹700 crore IPO papers

Ushma Ghosh — Tue, 02 Mar 2021 13:13:11 +0000

Krishna Institute of Medical Sciences Ltd has filed preliminary papers with capital markets regulator Sebi to raise ₹700 crore through an initial share-sale.

The initial public offering (IPO) comprises a fresh issue of shares aggregating up to ₹200 crores and an offer for sale of up to 21,340,931 equity shares from promoters and existing shareholders, according to draft red herring prospectus filed with Sebi.

A total of 1,39,77,991 equity shares would be offered by General Atlantic Singapore KH Pte Ltd under the offer for sale, up to 7,75,933 equity shares by Bhaskara Rao Bollineni, up to 11,63,899 equity shares by Rajyasri Bollineni, up to 3,87,966 equity shares by Bollineni Ramanaiah Memorial Hospitals Pvt Ltd.

The offer includes a reservation for subscription by eligible employees. According to merchant banking sources, the IPO is expected to fetch ₹700 crores. The proceeds from the fresh issue will be used to repay the debt of the company and its subsidiaries.

Krishna Institute of Medical Sciences (KIMS) is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana in terms of the number of patients treated and treatments offered. It operates nine multi-speciality hospitals under the ‘KIMS Hospitals’ brand, with an aggregate bed capacity of 3,064, including over 2,500 operational beds as of December 31, 2020. KIMS Hospitals offer a comprehensive range of healthcare services across over 25 specialities and super specialities, including cardiac sciences, oncology, neurosciences, gastric sciences, orthopaedics, organ transplantation, renal sciences and mother and child care.

Kotak Mahindra Capital Co Ltd, Axis Capital Ltd, Credit Suisse Securities (India) Pvt Ltd and IIFL Securities Ltd have been appointed as book-running lead managers to the issue. The equity shares are proposed to be listed on the BSE and the NSE.

Upcoming IPOs in India 2021, read to know more

Ushma Ghosh — Sat, 20 Feb 2021 07:37:59 +0000

The IPO market is expected to see a variety of major big releases because of the strong market momentum that guided Sensex and Nifty to record highs in 2021.

Sixteen initial public offers (IPOs) hit D-Street in CY2020, from which 15 were launched in the second half of the year. Coming to 2021, investors will get to see a string of IPOs, given the recovery in the market and companies looking to raise funds following a subdued year, marred by the pandemic. With the economy making a recovery post-pandemic, here is a look at some of the upcoming IPOs of 2021 that investors should keep an eye on, however, before that here’s a glimpse for the new investors revolving around how an IPO works and what is an IPO.

What is an IPO?
The initial public offering (IPO) is a process by which a private company becomes a publicly-traded company by offering its shares for the first time to the public.

How to apply for IPOs?
Nowadays, it has become simpler to register for an initial public offering, because of the online registration process. In India, most national banks and popular stock brokers provide facilities for online IPO applications. An investor must open a Demat account or a trading account with the brokerage institution that provides IPO service in order to apply online.

IPOs Listed in 2021

Issuing Company	Issue Price (Rs per share)	Listing Premium/Discount
IRFC	Rs 26 per share	-4.23%
Indigo Paints	Rs 1,490 per share	75%
HFFC	Rs 518 per share	19%
Stove Kraft	Rs 385 per share	21-29%

Major Upcoming IPOs to Watch in 2021:

Life Insurance Corporation of India (LIC)
In the 2021 Union Budget, finance minister Nirmala Sitharaman confirmed that the IPO of the Life Insurance Corporation of India (LIC) will be completed in 2021. Minister of State for Finance said that up to 10% of the LIC IPO issue size will be reserved for policyholders. It is reported that the government is aiming to collect funds to the extent of 80,000 crores through this IPO. The path seems to be clear for an IPO by India’s largest institutional investor, whose public offer, as per some analysts, will be the biggest in India’s history.
Lodha Group
The Mumbai-based Macrotech Developers, formerly known as Lodha Developers, on February 16, filed a draft red herring prospectus (DRHP) for its proposed Rs 2,500 crore IPO with capital market regulator SEBI.
PolicyBazaar
India’s largest insurance aggregator is set to launch a Rs 4,000-crore initial public offer (IPO). As per sources, the Gurugram-based company has invited proposals from at least eight investment banks for the proposed IPO. Policybazaar plans to secure nearly $250 million in a $2 billion-plus valuation funding round before an initial public offering in September 2021. Info Edge being an early investor, Policybazaar was founded in 2008. With more than 90% market share, Policybazaar is the biggest online insurance firm in India.
Arohan Financial Services
The Kolkata-based microfinance lender has filed a draft red herring prospectus (DRHP) for its IPO with an issue size of around Rs 1,750-1,800 crore.
Seven Islands Shipping
The Mumbai-based company has filed papers with SEBI for a Rs 600 crore IPO.
Nykaa
The beauty startup is planning an, on a valuation of $3 billion. The startup founded by Falguni Nayar is conducting deliberations that could soon pay for a market sale.
Kalyan Jewellers
The Kerala-based retail jewellery firm is all set to hit the market with a Rs 1,750-crore initial offering. The firm, backed by Warburg Pincus had received SEBI’s approval in October 2020. Kalyan Jewellers is planning to raise around Rs 1,750 crores through its IPO. The IPO is set to offer a fresh equity issue of 1000 crores. The company has posted operating sales of 10,181 crores, up from 9,814 crores in the last financial year.
Bajaj Energy
One of the largest thermal generating firms in the private sector, Bajaj Energy, whose operations are based in UP, is expected to launch an IPO of Rs 5,450 crore of which Rs 5,150 crores would be a fresh issue. The issue date is yet to be announced. Bajaj power ventures promoter is providing 300 crores of scrips. The Promoters of this company are Shishir Bajaj, Minakshi Bajaj, Kushagra Bajaj and ApoorvaBajaj Bajaj Energy Limited is one of the largest thermal generating firms in the private sector in Uttar Pradesh.
Zomato
The food delivery startup backed is expected to launch an IPO in the first half of 2021. Zomato had also acquired Uber Eats during FY20 to become the business leaders in the delivery industry. It is speculated that Zomato is looking for an IPO by June this year, valuing the firm on the stock sector at $6-8 billion. The Ant Group once held a 25-26% stake in Zomato. The Economic Times announced that current investors Tiger Global, Kora Investments, Steadview, Fidelity, Bow Wave, Vy Capital and new sponsor Dragoneer Group will participate in the funding round.
Paytm
The leading payments company, founded in 2010 is likely to launch its IPO this year. Softbank, Ant Financials, T Rowe Price and Discovery Capital are the main investors. Ant Financials is the largest investor with a 40% stake in the firm. The business has 150-200 million daily users and it is scheduled to go public soon. Digital payments are at a significant milestone in India, with mobile payments dependent on UPI is expected to increase to over 60% of CAGR over the next five years.

Apart from these other IPOs that are in focus are Barbecue Nation Hospitality, Ola, Byjus, Delhivery, Suryoday Small Finance Bank, Laxmi Organic Industries, Craftsman Automation, Apeejay Surrendra Park Hotels, Shyam Steel, Annai Infra Developers, SAMHI Hotels and Studds Accessories.

Upcoming IPOs in 2021

IPO	Tentative Issue Size (in Rs Crores)*	Tentative Date*
Nureca	100	Feb 15-17
LIC	70,000	2021-22
Nykaa	—	2021-22
RailTel	700	Feb 16-18
Kalyan Jewellers	1,750	January to March 2021
Bajaj Energy	5,450	2021
Studds Accessories	450	February 2021
Suryoday Small Finance Bank	400	2021
Laxmi Organic Industries	800	—
Craftsman Automation	150 +	—
Barbecue Nation	1,000-1,200	2021
Apeejay Surrendra Park Hotels	1,000	2021
Shyam Steel	500	2021
Annai Infra Developers	200-250	2021
*Both, the issue size and date, is tentative and might vary once the issue goes live in the markets.

(Data table source: Groww)