As many as 12 companies launched their IPOs to raise more than Rs 27,000 crore in the April-July period. The bull market has facilitated companies to raise funds from equity market at high valuations, say analysts.
It's raining initial public offers (IPOs) on Dalal Street. And the IPO pipeline for August 2021 looks strong thanks to a bull market that has facilitated companies to raise funds at high valuations, say analysts. As many as 12 companies launched their IPOs to raise more than Rs 27,000 crore in the first four months of the financial year ending March 2022, as against Rs 31,000 crore raised in the entire year ended March 2021.
The IPOs of Devyani International, Windlas Biotech, Krsnna Diagnostics and Exxaro Tiles are due to open for subscription on August 4, and Aashka Hospitals on August 10, and market observers say there are many more in the making.
Devyani International: The company which operates brands such as Pizza Hut and KFC in India has fixed a price band of Rs 86-90 a share for its Rs 1,838 crore initial share sale. The IPO opens for subscription on August 4.
Windlas Biotech: It has fixed a price band of Rs 448-460 for its Rs 401.53 crore IPO, which opens on August 4. (Image Source: Company website)
Krsnaa Diagnostics: The company has set a price band of Rs 933-954 apiece for its IPO estimated at Rs 1,200 crore. The IPO opens on August 4. (Image Credit: Company website)
Exxaro Tiles has fixed a price band of Rs 118-120 a share for its IPO worth Rs 161 crore. The IPO opens on August 4.
Aashka Hospitals' IPO worth Rs 102 crore will open for subscription on August 10 and close on August 13.
Here are some other IPOs that brokerages suggest may hit Dalal Street in August 2021 (this is a tentative list): Star Health And Allied Insurance (size: Rs 2,000 crore); Utkarsh Small Finance Bank (Rs 1,350 crore); Fincare Small Finance Bank (Rs 1,330 crore); ESAF Small Finance Bank (Rs 1,000 crore); Shriram Properties (Rs 800 crore); Studds Accessories (Rs 450 crore); Nuvoco Vistas Corporation (Rs 5,000 crore); Vijaya Diagnostic Centre (Rs 2,000 crore); Aadhar Housing Finance (Rs 7,000 crore); Ami Organics (Rs 650 crore), and Seven Islands Shipping (Rs 600 crore).