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IPOs in April: Lodha Developers, Sona Comstar, Seven Islands Shipping to hit D-Street

Updated : April 05, 2021 06:23 AM IST

April 2021 will be an action-packed month for investors, with six initial public offerings (IPOs) set to hit the market. Here’s a list of the IPOs in the pipeline this month.

 Macrotech Developers (formerly Lodha Developers):  It will open its proposed Rs 2,500-crore IPO on April 7 and close on April 9. India's largest property developer has set a price band for the offer at Rs 483-486 per equity share. This is the third attempt by the company to launch an IPO. In 2009 and 2018, Lodha Group planned to go public but didn’t eventually because of unfavourable market conditions.
Macrotech Developers (formerly Lodha Developers): It will open its proposed Rs 2,500-crore IPO on April 7 and close on April 9. India's largest property developer has set a price band for the offer at Rs 483-486 per equity share. This is the third attempt by the company to launch an IPO. In 2009 and 2018, Lodha Group planned to go public but didn’t eventually because of unfavourable market conditions.
 Aadhar Housing Finance:  It is one of the largest affordable housing finance firms in India. The company was founded in 2010, and private equity firm Blackstone Group backs it. Aadhar Housing Finance filed preliminary papers with the Securities and Exchange Board of India (SEBI) in January to raise Rs 7,300 crore through the IPO.
Aadhar Housing Finance: It is one of the largest affordable housing finance firms in India. The company was founded in 2010, and private equity firm Blackstone Group backs it. Aadhar Housing Finance filed preliminary papers with the Securities and Exchange Board of India (SEBI) in January to raise Rs 7,300 crore through the IPO.
 KIMS Hospitals:  The Nellore-based Krishna Institute of Medical Sciences (KIMS) is one of the major hospital groups in the two Telugu speaking states — Andhra Pradesh and Telangana. The firm has already filed preliminary papers with SEBI to raise Rs 700 crore. In a draft red herring prospectus, the company stated that the IPO includes a fresh issue of up to Rs 200 crore and an offer for sale of up to 21,340,931 equity shares from promoters and shareholders.
KIMS Hospitals: The Nellore-based Krishna Institute of Medical Sciences (KIMS) is one of the major hospital groups in the two Telugu speaking states — Andhra Pradesh and Telangana. The firm has already filed preliminary papers with SEBI to raise Rs 700 crore. In a draft red herring prospectus, the company stated that the IPO includes a fresh issue of up to Rs 200 crore and an offer for sale of up to 21,340,931 equity shares from promoters and shareholders.
 Dodla Dairy:  The Hyderabad-based Dodla Dairy was founded in 1995. It has filed preliminary papers with SEBI to raise Rs 800 crore. It currently operates in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, and African nations such as Uganda and Kenya. In its draft red herring prospectus filed in February, the company said that the public issue would comprise a fresh issue of up to Rs 50 crore and an offer for sale of up to 1,00,85,444 equity shares by its promoters and an investor.
Dodla Dairy: The Hyderabad-based Dodla Dairy was founded in 1995. It has filed preliminary papers with SEBI to raise Rs 800 crore. It currently operates in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra, and African nations such as Uganda and Kenya. In its draft red herring prospectus filed in February, the company said that the public issue would comprise a fresh issue of up to Rs 50 crore and an offer for sale of up to 1,00,85,444 equity shares by its promoters and an investor.
 Seven Islands Shipping:  The Mumbai-based seaborne logistics firm has already got SEBI’s nod to raise Rs 600 crore through an initial share sale. It has started its operations in 2003, and over the last 18 years, the firm has acquired 40 vessels and sold 20 boats. The IPO includes a fresh issue of up to Rs 400 crore, and an offer for sale up to Rs 200 crore.
Seven Islands Shipping: The Mumbai-based seaborne logistics firm has already got SEBI’s nod to raise Rs 600 crore through an initial share sale. It has started its operations in 2003, and over the last 18 years, the firm has acquired 40 vessels and sold 20 boats. The IPO includes a fresh issue of up to Rs 400 crore, and an offer for sale up to Rs 200 crore.
 Sona BLW Precision Forgings (Sona Comstar):  The automotive expertise firm is looking at raising Rs 6,000 crore through the IPO. According to the Economic Times, the IPO includes a fresh issue of shares of up to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of The Blackstone Group Inc.
Sona BLW Precision Forgings (Sona Comstar): The automotive expertise firm is looking at raising Rs 6,000 crore through the IPO. According to the Economic Times, the IPO includes a fresh issue of shares of up to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of The Blackstone Group Inc.
Published : April 02, 2021 03:09 PM IST
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