11 IPOs likely to hit Indian market in July. Check details
As many as 11 more listings are awaited in the primary market in the month of July this year after 5 IPOs in the month of June
Key Highlights
- Zomato, Clean Science & Technology, Glenmark Life Sciences, Krsnaa Diagnostics, GR Infra and Shriram Properties IPOs are expected to hit primary market in July
- Shyam Metalics, Dodla Dairy, KIMS, Sona Comstar, and India Pesticides completed their initial public offerings in the month of June
- Indian companies have raised Rs 27,417 crore in the primary market through IPOs so far in 2021
Indian companies have so far raised Rs 27,417 crore this year through initial public offerings (IPOs) taking advantage of the bull run which started in the aftermath of March 2020 crash and more IPOs are lined up for the month of July.
As many as 11 more listings are awaited in the primary market in the month of July this year after 5 companies Shyam Metalics, Dodla Dairy, KIMS, Sona Comstar, and India Pesticides completed their IPO offerings in the month of June.
Zomato, Clean Science & Technology, Glenmark Life Sciences, Krsnaa Diagnostics, GR Infra and Shriram Properties collectively plan to raise Rs 18,000 crore in the month through IPOs. According to brokerages, other IPOs likely for July include Devyani International Ltd, Paras Defence And Space Technologies Ltd, Go Airlines (India) Ltd, Seven Islands Shipping Ltd, Aadhar Housing Finance Ltd, ESAF Small Finance Bank Ltd and Studds Accessories Limited.
Restaurant discovery and food delivery platform Zomato is set to be the biggest IPO after SBI Cards & Payments Services in March 2010, as per reports. It plans to raise Rs 8.250 crore out of which Rs 7,500 crore will be a fresh issue while Rs 750 crore will be an offer for sale for its existing investor Info Edge which also owns a bouquet of internet-based businesses including the job portal Naukri
Info Edge owns about 18.5% of Zomato and will sell shares worth $100 million or Rs 750 crore in the IPO. According to an Economic Times report, promoters and private equity stakeholders of several companies are conducting roadshows to gauge the demand in the market. Investors currently have a strong appetite for new listings buoyed by positive market conditions.
The year 2021-2022 is going to be dominated by new listings from new-age tech companies with increasing deal sizes, say experts.
Currently, September 2010 holds the record for maximum IPO fund raises when 15 companies.
The year so far has been good for new share sale for companies with 7 out of 22 IPOs returning 50-113% over offer prices so far while another 10 gave 10-40% returns since listing. Four trade below their offer price.
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