It’s raining IPOs in India — And these are the ones to watch out for in the coming months

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It’s raining IPOs in India — And these are the ones to watch out for in the coming months
  • 2021 has already seen 36 IPOs get listed so far, more than 31 IPOs in the entire year of 2020, according to BSE data.
  • Paytm’s ₹ 16,600 crore IPO is one the most awaited IPOs in 2021.
  • Here’s a list of a few other IPOs to watch out for.
2021 has already seen 36 IPOs get listed so far, more than 31 IPOs in the entire year of 2020, according to BSE data.

While India’s stock markets are witnessing new listings almost every week, here are some of the initial public offerings (IPOs) waiting in line to get listed.

These are some of the companies that have filed their draft red herring prospectus (DRHP) to the market regulator for approval of the IPOs.

A DRHP is an offer document submitted to market regulator securities and exchange board of India (SEBI) having all details about the company’s business operations and financials when it is planning to raise money from the public issue of shares.

Price bands and dates of these upcoming IPOs are not known now, as they are usually finalised at the time of filing of the red herring prospectus (RHP) or prior to the IPO opening for subscription. RHP is an extended version of the DRHP with additional details about IPO dates, price and the latest financial data. RHP is also known as IPO Final Prospectus.

Paytm

Paytm
BCCL

Paytm’s ₹ 16,600 crore IPO is the biggest Indian IPO ever as it will surpass Coal India’s, ₹15,000 crore IPO of October 2010.

Digital payments firm Paytm has filed its DRHP with market regulator SEBI for a ₹16,600 crore ($2.2 billion) IPO. Of the overall fundraise amount, about ₹8,300 crore ($1.1 Bn) will be through a fresh issue and the remaining 50% would be secondary issue (offer for sale) to offer exit to existing investors.

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Mobikwik

Mobikwik
BCCL

Digital wallet and payments company MobiKwik has filed its draft prospectus with SEBI on July 12 to raise ₹1,900 crore through its IPO. The company plans to raise ₹1,500 crore through primary issue and the rest ₹400 crore through secondary issue to provide partial exit to a few existing stakeholders American Express, Bajaj Finance, Cisco System, Sequoia Capital and Treeline Asia. The company’s founders Bipin Preet Singh and Upasana Taku will also be selling a part of their shareholding in this issue.

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Chemspec Chemicals

Chemspec Chemicals
BCCL

The chemical manufacturing company filed its DRHP on July 14 to raise ₹700 crore. The company is looking to raise ₹700 crore through a complete offer for sale (OFS) by its existing promoters. Chemspec Chemicals is one of the leading manufacturers, globally, of critical additives for fast moving consumer goods (FMCG) ingredients used in skin and hair care products, and intermediates for active pharmaceutical ingredient (APIs) used in antihypertensive drugs.

The bidding of the IPO will start on September 21 and close on September 23, according to a report.

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HP Adhesives

HP Adhesives
BCCL

Manufacturer of solvent cements, HP Adhesives has filed for an IPO consisting of fresh issuance of 41.40 lakh equity shares and an offer of sale of 4,57,200 equity shares by promoter Anjana Haresh Motwani. The company has not yet disclosed the IPO amount, but has mentioned that it intends to use the IPO proceeds for funding capital expenditure for existing and proposed expansion, support the incremental working capital requirement of the company, and general corporate purposes.

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Jana Small Finance Bank

Jana Small Finance Bank
BCCL

Jana Small Finance Bank has received a go-ahead from the markets regulator to raise funds through an initial share-sale. The small finance bank looks to raise ₹700 crore through the IPO with an offer for sale of up to 92.53 lakh shares by existing shareholders — Bajaj Allianz Life Insurance Company, Hero Enterprise Partner Ventures, ICICI Prudential Life Insurance Company, Enam Securities, North Haven Private Equity Asia Platinum Pte Ltd, QRG Enterprises and Tree Line Asia Master Fund (Singapore) Pte. The small finance bank intends to utilise the net proceeds from the IPO towards augmenting its tier-1 capital base to meet future capital requirements.

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Uma Converter

Uma Converter
Facebook

The Gujarat based packaging company looks to raise ₹36 crore through the IPO. The company is engaged in manufacturing flexible packaging material suitable for diverse and multifarious applications in the food and beverage industry, e-commerce industry, hygiene and personal care industry, pharmaceutical industry, household industry and agricultural industry. It operates from two manufacturing units located in Gujarat. It also exports its finished products to countries such as Saudi Arabia, Australia, Senegal and the United States of America.

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Northern Arc Capital

Northern Arc Capital
Twitter

Non-deposit taking non-banking finance company (NBFC) Northern Arc Capital has filed for the issuance of IPO. It is looking to raise ₹300 crore with an offer for sale of up to 3.65 crore equity shares by the shareholders.

The NBFC operates in certain focussed sectors focusing on diverse credit requirements of the under-served households and businesses — microfinance, micro small and medium enterprise (MSME) finance, vehicle finance, consumer finance, affordable housing finance and agricultural supply chain finance.

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Shri Bajrang Power and Ispat

Shri Bajrang Power and Ispat
LinkedIn

Integrated steel company Shri Bajrang Power and Ispat has filed for issuance of IPO to raise ₹ 700 crore. The company looks to utilise the proceeds from the issue towards paying off some of its debt and for funding incremental working capital requirements.

It caters primarily to the infrastructure and construction industry in India, especially across the central and western regions of India through 11 distributors with a network of 514 dealers. The company has three manufacturing units in Raipur with a customer base spread across 22 states and union territories.

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