Upcoming IPOs of India in 2021
Twenty eight companies have already made their maiden offers till July 2021, including Zomato, Barbeque Nation Hospitality Limited, PowerGrid InVit, Comstar, PSU NBFC, IRFC and Brookfield India REIT.
After a strong performance by the IPO segment in 2020, experts and analysts are hopeful that the buoyancy will continue in the new year.
If we look at the list of upcoming IPOs in 2021, it includes nearly 31 companies from different industries, including some Indian tech-startup giants.
Upcoming IPOs in 2021
The market trends are expected to remain strong about the forthcoming IPOs. See the upcoming IPO list below:
| IPO | Tentative Issue Size (In Rs. Crores) | Tentative Issue Date |
| Glenmark Lifescience | 1,200 | 27th July 2021 |
| Rolex RIngs | 700 | 28th July 2021 |
| Fincare Small Finance Bank | 1,330 | July 2021 / August 2021 |
| ESAF Small Finance Bank | 976.24 | July 2021/August 2021 |
| MobiKwik | 1,900 | September 2021 |
| LIC | 70,000 | 2022 |
| Paytm | 16,600 | 2021 |
| PolicyBazaar | 6,500 | 2021 |
| Bajaj Energy | 5,450 | 2021 |
| Nuvoco Vistas | 5,000 | 2021 |
| PharmEasy | 3,000-3,700 | 2021 |
| Go Airlines | 3,600 | 2021 |
| Aptus Value Housing Finance India Ltd. | 2,600-3,000 | 2021 |
| SAMHI Hotels | 1,800 - 2,000 | 2021 |
| Arohan Financial | 1,800 | 2021 |
| Aditya Birla Sun Life AMC | 1,500 - 2,000 | 2021 |
| Devyani International | 1,400 | 2021 |
| Utkarsh Small Finance Bank | 1,350 | 2021 |
| Fincare Small Finance Bank | 1,330 | 2021 |
| Supriya LIfescience Ltd. | 1,200 | 2021 |
| Srei Equipment Finance | 1,100 | 2021 |
| Apeejay Surrendra Park Hotel | 1,000 | 2021 |
| Medi Assist Insurance TPA Pvt. Ltd. | 850 | 2021 |
| Shriram Properties | 800 | 2021 |
| Chemspec Chemicals | 700 | 2021 |
| Muthoot Microfin | 700 | 2021 |
| Seven Islands Shipping | 600 | 2021 |
| Hinduja Leyland Finance | 500 | 2021 |
| Studds Accessories | 450 | 2021 |
| Harsha Engineering | 370 | 2021 |
| Annai Infra Developers | 200-250 | 2021 |
| Windlas Biotech Pvt. Ltd. | 165 | 2021 |
| Narmada Biochem | 90 | 2021 |
| Urban Company | ₹ To Be Updated | 2021 |
| Nykaa | ₹ To Be Updated | 2021-22 |
| Car Trade | ₹ To Be Updated | 2021 |
| Ami Organics | ₹ To Be Updated | 2021 |
| Aakash Educations | ₹ To Be Updated | 2021 |
| Century Metal Recycling | ₹ To Be Updated | 2021 |
| HDB Financial | ₹ To Be Updated | 2021 |
| HP Adhesives | ₹ To Be Updated | 2021 |
| *Both, The Issue Size And Date, Is Tentative And Might Vary Once The Issue Goes Live In The Markets. | ||
Glenmark Lifesciences IPO
The IPO will contain primary issues of Rs 1,160 crores and another part of 7.31 million OFS shares from parent Glenmark. The IPO will open on 27 July 2021 and close on 29 July 2021. They are a leader in producing active pharmaceutical ingredients (API). In 2019 and 2020, revenue from API production was 84.16 and 89.87 percent, respectively.
Rolex Rings IPO
Rolex RIngs is regarded as one of the top 5 foreign companies operating in India. It’s engaged in automotive component manufacturing, offering an assorted roster of products. It serves the commercial vehicle, passenger car, two-wheeler, industrial machinery, and railway segments, among others. The company will launch its initial public offering on 28th July 2021 and close on 30th July. Rolex Rings intends to raise nearly Rs. 700 crores through a mix of fresh and offer-on-sale share issues in this IPO.
Fincare Small Finance Bank IPO
The Bengaluru based small finance bank is eyeing an IPO size of Rs 330 crore. Starting in 2017, the bank achieved the highest growth rate between FY18 and FY20. It offers a hoard of banking products, including savings account, current account, FD, recurring deposits, NRI's FD, microloans, gold loans, loan against property, two-wheeler loan, and institutional finance.
ESAF Small Finance Bank IPO
ESAF Small Finance Bank plans to raise Rs. 976.24 crores from their public offer. The offer contains Rs 800 crores of primary issues. The rest is an offer for sale from promoters. ESAF Small Finance Bank is relatively new to the small finance segment, starting in 2016. They have grown fast in the last four years, and currently, have 400 branches and over 4000 employees. On 31st March 2019, their after-tax profit stood at Rs 111.11 crores.
MobiKwik IPO
MobiKwik on 12 July 2021 filed a DRHP with plans to raise Rs. 1900 crores through its IPO. The offer will contain fresh share issues worth Rs. 1500 crores. It will further comprise an offer for sale worth Rs. 400 crores by promoters and select shareholders. Founded in 2009, MobiKwik is one of India’s leading digital payment companies. As per its Annual Report 2020, the company currently serves 3 million retailers and around 120 million users across India.
Life Insurance Corporation India (LIC) Ltd. IPO
Finance Minister, Nirmala Sitharaman cleared the roadblocks of LIC divestment, and now the largest state-owned life insurance company is set to issue initial public offering shares in 2021. Once launched, it will be the largest IPO launch in India close to a value of Rs 7,000-8,000 crores. The Union government plans to raise Rs 2.1 lakh crores from the divestment of LIC and IDBI Bank will offload around 90,000 shares of LIC.
Paytm IPO
The Indian e-commerce payment and Fintech company plans to roll out a Rs 160 billion IPO and will file draft papers with SEBI in July. They will raise money by selling primary and secondary shares, offering an exit to its investors. The company is aiming at a post-IPO valuation of USD 24-25 billion.
PolicyBazaar
PolicyBazaar is the fifth Indian start-up that has plans to roll out its IPO in 2021. The PolicyBazaar IPO is expected to be of around Rs. 6,500 crore in size and will comprise a mix of OFS and fresh share issue. As per regulatory filings, existing investors will be able to sell their shares directly via exchanges. Founded in 2008, PolicyBazaar is a leading online life and general insurance aggregator. PolicyBazaar’s parent company PB Fintech converted itself into a public limited company to move forward with the company’s IPO.
Bajaj Energy IPO
The IPO size of Bajaj Energy is expected to be around Rs 5,450 crores, including Rs 5,150 crores fresh shares. The company is one of the major private limited thermal power generation companies with a gross installed capacity of 2,4330 MW. The company is looking to acquire Lalitpur Power's 1980 MW plant from the funds from the proceeds. The remaining fund will be used to meet other general expenses.
Nuvoco Vistas IPO
Nuvoco Vistas Corp is the cement and building material manufacturing unit of Nirma. The company has filed for a Rs 5000 crores IPO. Nuvoco reached its current position in the market after Karshanbhai Patel, owner of Nirma and Nuvoco bought Lafarge's India arm and the cement division of Kolkata based Emami.
Pharm Easy IPO
They are an online marketplace where buyers can buy medicines from local pharmacies and book diagnostic tests. Pharm Easy has applied for an IPO size of Rs 3,000- 3,700 crore to take the company's value to USD 3 billion.
Go Airlines IPO
The economic passenger airline plans to raise Rs 3,600 crore through a maiden public offer. They have filed necessary documents in this regard with the market regulator, SEBI.
Aptus Value Housing Finance India Ltd. IPO
Aptus Value Housing Finance India Ltd. is the largest Indian housing finance company in the affordable housing segment. They have filed with the market regulator for Rs 2600- Rs 3000 crore IPO, comprising offers for sale from current promoters and primary components worth Rs 500 crore.
SAMHI Hotels IPO
SAMHI is an asset manager and hotel owner that operates in the institutional ownership model. Courtyard and Fairfield by Marriott in Bengaluru and Four Points by Sheraton Visakhapatnam are among the 27 hotels across 12 Indian cities that the company is currently managing. The approximate IPO size of Rs 1,800-2,000 crores will contain fresh issues of Rs 1,100 crores.
Arohan Financial IPO
Arohan Financial has filed with SEBI for Rs 1800 crore IPO. The small finance lender plans to collect Rs 850 crores from fresh shares. The remaining comprises secondary components of 2,70,55,893 equity shares. Arohan Financial specialises in offering microfinancing to the unbanked population. According to a 2020 report, they had 2.21 million active borrowers in 17 states, including twelve of India’s fourteen low-income states.
Aditya Birla Sun Life AMC IPO
Aditya Birla Sun Life AMC is ready to hit the IPO route with a Rs 1500 - 2000 crore valuation. The company is involved in offering portfolio management, offshore fund management, and alternative investment services.
Devyani International IPO
Devyani International Ltd. is the largest franchisee of Pizza Hut, KFC, and Costa Coffee and also the biggest Indian quick-service restaurant company to register on the Swiggy platform. They have filed papers for Rs 1400 crore IPO, a mixture of new issues and offers for sale from selling shareholders.
Utkarsh Small Finance Bank IPO
Utkarsh Small Finance Bank is a fast-growing small finance bank in the nation. They have filed with SEBI seeking approval for Rs 1,350 crore IPO, consisting of up to Rs 750 crores in primary issues and Rs 600 crores in an offer for sale.
Fincare Small Finance Bank IPO
Another small finance bank, Fincare Small Finance Bank, had filed draft papers with SEBI in May. They are planning to mobilise Rs 1,330 crores, including Rs 330 crores in fresh shares and Rs 1000 crores in OFS. Thanks to its digital-first approach, Fincare Small Finance Bank achieved the highest growth rate between FY18 and 20 amongst the small finance banks in the country.
Supriya Lifescience Ltd. IPO
The company proposed to raise Rs 1200 crore in an IPO offering that will combine Rs 200 crore in primary issues and Rs 1000 crore in an offer for sale. The IPO is scheduled for FY22.
Srei Equipment Finance IPO
Kolkata-based Srei Equipment Finance offers loans for buying equipment that are used in construction and infrastructure development projects. They are looking to raise Rs 2000 crores from the IPO market.
Apeejay Surrendra Park Hotels IPO
The hotel chain may raise Rs 1,000 crores from the market in IPO. The issue will contain fresh scrips worth Rs 400 crores and offer for sale of up to Rs 600 crores worth of shares.
Medi Assist Insurance TPA Pvt. Ltd. IPO
They have received approval from SEBI to float an IPO that consists of an offer for sale of 2. 80 million equity shares. It is the first time a third party insurance administrator company is issuing an initial public offering in the Indian market.
Shriram Properties IPO
Bengaluru-based Shriram Properties will soon join others in the public market. They have submitted papers to raise Rs 800 crores from the market, containing both fresh equities and offer for sale shares. The company dominates the south-Indian market with a presence in several cities, although Bengaluru and Chennai are its two major markets. Among other cities, they have a presence in Kolkata. The realtor builds mixed-used properties and specialises in mid-market affordable houses.
Chemspec Chemicals IPO
Chemspec Chemicals announced a Rs. 700 crore IPO on 15 July 2021 in an effort to boost its brand image and enhance its visibility in the market. Its IPO will consist of a pure sale offer by its existing promoters and shareholders. The company is one of the country’s most renowned manufacturers of critical additives in FMCG products. It generated a revenue of Rs. 505.91 crores in the FY2021, while its net profits stood at Rs. 81.08 crores.
Muthoot Microfin IPO
The company is one of the fastest-growing NBFC-MFI and the fifth largest in the nation. They focus on providing micro, sustainability loans to women in the rural sectors. According to a CRISIL report, they had 1.2 million active borrowers in FY18. Their IPO will contain both fresh issues and offered shares from promoters.
Seven Islands Shipping IPO
Seven Islands Shipping, operational since 2003 in the segment of cargo shipping for crude oil, is the third-largest seaborne logistic company in India in terms of deadweight tonnage. They manage a fleet of twenty vessels with a total deadweight capacity of 1,105,682 metric ton.
Hinduja Leyland Finance IPO
It is the financing arm of the commercial vehicle market Ashok Leyland. HLF is looking to raise around Rs 500-700 crores from the IPO market. The offer containing both primary and secondary components will find its way to the market in the near to mid-term.
Studds Accessories IPO
The company manufactures helmets, motorcycle accessories and riding gears. In 2020 the company had approximately 30 percent market share. It aims to increase its portion to 40 percent in the next three years.
Harsha Engineering IPO
Harsha Engineering is the most significant player in its domain in making bearing cages occupying 50 percent of the market share in India. Harsha Engineering enjoys a 5-6 percent share in the global market in the segment of organised brass, steel, and polyamide cages. They are looking to raise Rs 370 crores in fresh issues and will also release 1,325,000 shares in secondary components.
Annai Infra Development IPO
The company operates in areas of engineering, procurement and construction of water management and irrigation segments. The approximate IPO size is Rs 200-250 crores.
Windlas Biotech Pvt. Ltd. IPO
Windlas Biotech Pvt. Ltd. IPO will combine a primary component of Rs 165 crore and an offer for sale of 5.14 million equity shares. They are among the top five operatives in the pharmaceutical formulations contract development and manufacturing organisations (CSMO) segment.
Narmada Biochem IPO
They are producers of a wide variety of chemical and organic fertilisers. Over the years, the company has expanded its operation and product base and enjoys leadership positions in several product segments. Their IPO will be a combination of both primary and offer for sale shares.
Urban Company IPO
Urban Company is a gig marketplace organising blue-collar jobs helping customers find a wide range of services from beauty and salon, home improvement, home cleaning, and more. The company's Co-founder, Abhiraj Singh Bhal, recently said that an IPO is a near possibility for their company.
Nykaa IPO
Nykaa is one of the tech-startups eyeing the public investment route in 2021-22. Founder Falguni Nayar said to a newspaper source that Nykaa might hit the market with a USD 3 billion IPO offer. It initially planned to launch a public offer during 2020 but delayed it due to COVID-19 pandemic. Currently, the company is looking to achieve overall profitability before it hits the IPO route. It has recently raised an undisclosed amount which valued the company at USD 1.8 billion.
Car Trade IPO
Car Trade is an online market aggregator for buying and selling new and used cars. They provide a platform to customers, dealers, and individual sellers to execute trades. According to company reports, they receive 4 million unique visitors per month.
Ami Organics IPO
Ami Organics develops over 250 intermediates for active pharmaceutical ingredients (APIs). Their IPO will contain approximately 3,500,000 equity shares.
Aakash Educations IPO
Aakash Educational Services provides comprehensive test preparatory services to students appearing for the 12th board exam and other competitive exams. They also offer foundation courses to students between class 8 and 10. The first centre was formed in 1988, and in 2018 Aakash Education was operating in 103 cities through 170 classroom centres.
Century Metal Recycling IPO
CMR commenced its business in 2006, and from the beginning, it maintained high paced growth by leveraging the latest technology. It is the largest in the nation producing aluminium and zinc die-cast alloys with a combined capacity of 218,000 metric tonnes.
HDB Financial IPO
The non-banking financial arm of HDFC Bank enjoys a robust market valuation due to the strong backing of HDFC Group, which owns a 95.1 percent stake in the business. They have decided to watch the market amid rising cases of COVID-19 before floating the IPO.
HP Adhesives IPO
HP Adhesives is the leading producer of solvent cement in Asia. Overall, it offers nearly 25 products, primarily catering to the real estate sector. The company filed its DRHP with SEBI recently for an IPO comprising approximately 41.40 lakh fresh shares and 457200 offer-on-sale shares.
Recent IPOs in 2021
Recent and Active/Upcoming IPO
| IPO Name | Type | Min Issue Price | Max Issue Price | Market Lot | Issue Size(Cr.) | Open Date | Close Date | List Date |
|---|---|---|---|---|---|---|---|---|
| Network People Services Technologies Ltd | Book Building - SME | 76 | 80 | 1600 | 13.01 | 28-07-2021 | 02-08-2021 | |
| Rex Pipes & Cables Industries Ltd | Fixed Price - SME | 26 | 0 | 4000 | 6.24 | 28-07-2021 | 02-08-2021 | |
| Gretex Corporate Services Ltd | Fixed Price - SME | 170 | 0 | 800 | 5.13 | 27-07-2021 | 30-07-2021 | |
| Rolex Rings Ltd | Book Building | 880 | 900 | 16 | 716.00 | 28-07-2021 | 30-07-2021 | |
| Glenmark Life Sciences Ltd | Book Building | 695 | 720 | 20 | 1497.85 | 27-07-2021 | 29-07-2021 |
| IPO | Issue Size (In Rs. Crores) | Price Band | Issue Date | Lot Size |
| Tatva Chintan | ₹500 Cr | ₹1073 - ₹1083 | 16- July- 21 | 13 |
| Zomato | ₹9,375 Cr | ₹72 - ₹76 | 14- July- 21 | 195 |
| Clean Science And Technology Ltd. | ₹ 1,546 Cr | ₹ 800-900 | 7- July-21 | 16 |
| G R Infraprojects Ltd. | ₹ 963.28 Cr | ₹828-837 | 7- July-21 | 17 |
| India Pesticides | ₹800 Cr | ₹296 | 23-June-21 | 59 |
| KIMS Hospitals Ltd. | ₹2,413 Cr | ₹825 | 16-June-21 | 18 |
| Dodla Dairy Ltd. | ₹520.18 | ₹428 | 16-June-21 | 35 |
| Sona Comstar | ₹5,550 Cr | ₹285-291 | 14-June-21 | 51 |
| Shyam Metallics | ₹909 Cr | ₹303-306 | 14-June-21 | 45 |
| Power Grid InvIT | ₹7,734.99 Cr | ₹99 - ₹100 | 29-April-21 | 1100 |
| Macrotech Developers Limited | ₹ 2,500 Cr | ₹483 - ₹486 | 07-Apr-21 | 30 |
| Barbeque Nation Hospitality Limited | ₹ 452 Cr - ₹ 453 Cr | ₹498 - ₹500 | 24-Mar-21 | 30 |
| Nazara Technologies Limited | ₹ 582 Cr - ₹ 583 Cr | ₹1100 -₹1101 | 17-Mar-21 | 13 |
| Suryoday Small Finance Bank Ltd | ₹577 Cr - ₹581 Cr | ₹303 - ₹305 | 17-Mar-21 | 49 |
| Kalyan Jewellers | ₹ 1,175 Cr | ₹86 - ₹87 | 16-Mar-21 | 172 |
| Craftsman Automation Limited | ₹823 Cr - ₹824 Cr | ₹1488 - ₹1490 | 15-Mar-21 | 10 |
| Laxmi Organics | ₹600 Cr | ₹129 - ₹130 | 15-Mar-21 | 115 |
| Anupam Rasayan | ₹760 Cr | ₹553 - ₹555 | 12-Mar-21 | 27 |
| Easy Trip Planners Limited | ₹510 Cr | ₹186 - ₹187 | 08-Mar-21 | 80 |
| MTAR Technologies | ₹595 Cr - ₹596 Cr | ₹574 - ₹575 | 03-Mar-21 | 26 |
| Heranba Industries | ₹625.24 Cr | ₹626 - ₹627 | 23-Feb-21 | 23 |
| RailTel Corporation Of India Limited | ₹ 811 Cr - ₹ 819 Cr | ₹93 - ₹94 | 16-Feb-21 | 155 |
| Nureca Limited | ₹ 100 Cr | ₹396 - ₹400 | 15-Feb-21 | 35 |
| Brookfield India REIT | ₹3,800.00 Cr | ₹274 - ₹275 | 03-Feb-21 | 200 |
| Stove Kraft Limited | ₹ 411.80 Cr - ₹ 412.63 Cr | ₹ 384 - ₹385 | 25-Jan-21 | 38 |
| Home First Finance Company India | ₹1,153.72 Crore | ₹517 - ₹518 | 21-Jan-21 | 28 |
| Indigo Paints Limited | ₹1,168 Cr - ₹1,169 Cr | ₹1488 - ₹1490 | 20-Jan-21 | 10 |
| Indian Railway Finance Corporation | ₹ 4,455 Cr - ₹ 4,633 Cr | ₹25 - ₹26 | 18-Jan-21 | 575 |
Tatva Chintan Pharma IPO
Tatva Chintan Pharma Chem Limited closed its initial public offering on 20 July 2021, after being subscribed 180.36 times. The offer comprised issue of fresh equity shares amounting to Rs. 225 crores and an offer for sale worth Rs. 275 crores. This chemical manufacturing company is one of the largest Indian manufacturers of SDAs for zeolites. It exports to more than 25 countries globally, including China, the USA, South Africa, the UK, and Germany. In FY2020, exports accounted for 76% of its total revenue.
Zomato IPO
Zomato floated its Rs 9,375 crore IPO on 14 July 2021. The subscription window remained open until July 16, 2021. During this period, Zomato IPO was subscribed 38.25 times. Zomato operates in India and 24 other countries, including Sri Lanka, Slovakia, and South Africa, reaching nearly 10,000 cities. Along with Swiggy, Zomato owns a significant share in India's online food delivery segment.
Clean Science and Technology Ltd. IPO
Clean Science is involved in producing specialty chemical products using in-house technology that is eco-friendly and cost-effective. Their IPO, which opened on 7 July for three days, received 93.41 times subscription on the final day.
G R Infraprojects Ltd. IPO
G R Infraprojects Ltd. IPO opened on 7 July 2021. It was a pure offer for sale issue of 1,15,08,704 equity shares to offer exit to current promoters and shareholders. The offer was oversubscribed in all categories and received 102.58 times subscription in total.
Indian Pesticides IPO
The agro-chemical technical company launched its IPO on 23 June 2021, closing two days later on 25 June. Indian Pesticides IPO was subscribed 29.04 times during this window. Indian Pesticides is one of the fastest growing companies in its sector in India in terms of volume in FY 20. Indian Pesticide is the sole producer of formulations like folpet and thiocarbamate herbicide in India (among the top five globally).
KIMS Hospitals IPO
KIMS Hospitals IPO, with an issue size of Rs. 825 crores, was open for subscription between 16 June 16 and 18 June. It was subscribed 3.86 times during this period. KIMS is a multi-specialty, multi-disciplinary corporate healthcare group operating in Telangana. It offers specialty and super-specialty treatment in 25 branches of healthcare with a focus on tier- 1, 2, and 3 cities with nine hospitals under its brand.
Dodla Dairy IPO
Dodla Dairy, a leading player in the dairy segment, made an impressive debut with its IPO on 16 June 2021. Its shares started trading at Rs. 550 on the NSE, which was 28.50% higher than Rs. 428, its initial issue price. The company’s Rs. 520 crore IPO was subscribed 45.61 times. According to a CRISIL report, Dodla Dairy was the second-largest private player in the industry in December 2020 regarding daily raw milk procurement.
Sona Comstar IPO
Sona Comstar’s Rs. 5,500 crore IPO was subscribed 2.28 times after bidding started on 14 June 2021. Following this, the company got listed under both BSE and NSE on 24 June 2021 and managed to make a lukewarm debut. Sona Constar’s scrip noted a 3.92% and 3.44% increase over its issue price on BSE and NSE, respectively. The company is a leader in auto component manufacturing, catering to the global EV market. It produces highly engineered, mission-critical components and supplies to OEM manufacturers in the US, Europe, China, and India.
Shyam Metalics and Energy IPO
Shyam Metallics rolled out an IPO issue of Rs. 909 crore on 14 June 2021, and was subscribed 121 times, during the 2-day bidding period. It then proceeded to make a decent debut on both NSE and BSE, with the scrip getting listed at 24.28% and 19.93% over the issue price, respectively. The company proposes to use the proceeds from the offer to repay debt and meet general corporate expenses.
PowerGrid Infrastructure Investment Trust InvIT IPO
Powergrid Corporation of India, belonging to the 'Maharatna' category, is a PSU responsible for constructing, managing, and distributing power supply across the nation. They are the largest power transmission company in India. Powergrid launched Invit IPO to raise capital funding to finance its infrastructure projects. The offer was subscribed 4.83 times in the retail segment in April 2021.
Macrotech Developers (Lodha Developers) Limited IPO
The Rs 2,500 crore IPO from Lodha received 1.4 times subscription on the last day. Macrotech released its issues in the price band of Rs 483-486.
Barbeque Nation Hospitality Limited IPO
Barbeque Nation IPO is backed by the heavyweight Rakesh Jhunjhunwala. The Rs. 453 crore IPO had equity shares priced at Rs.498-Rs.500 with a market lot of 30 shares. It received 5.98 times subscription on the last day.
Nazara Technologies IPO
Nazara Technologies IPO received 175.46 times subscription, making it the second most successful IPO launch in 2021 after MTAR Technologies IPO. Investors oversubscribed in all three segments of qualified institutional buyers, non-institutional investors, and retail.
Suryoday Small Finance Bank IPO
Suryoday Small Finance Bank is operative in Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu, Delhi, Karnataka and some union territories. It plans to launch an IPO worth Rs 400 crores containing two crores equity shares (1.6 crores in fresh equities and rest in OFS shares).
Kalyan Jewellers IPO
Known jewellery brand Kalyan Jewellers said it is planning to raise Rs 1,750 crores from the market through IPO. The offer will contain both fresh shares and offer for sales scrips from the current promoters. Founded in 1993, the brand has 137 showrooms spread in India and Gulf countries.
Craftsman Automation IPO
The auto component manufacturer's IPO offer will contain fresh issues worth Rs 150 crores and 45.21 lakh shares in OFS.
Laxmi Organic Industries IPO
The IPO size is Rs 800 crores, containing Rs 500 crores of fresh issues and remaining OFS shares. Laxmi Organics is a specialty chemicals company. Its peers Rossari Biotech and Chemcon Specialty made stock exchange debut in 2020, and both were oversubscribed 80 and 149 times respectively.
Anupam Rasayan IPO
The Indian IPO market saw another successful launch with Anupam Rasayan IPO that hit the market in March and was subscribed 31 times. The company is engaged in cotton synthesis and specialty chemicals production with two business verticals - life science-related specialty chemicals and other specialty chemicals.
Easy Trip Planners IPO
Easy Trip Planners' IPO received a whopping 159 times subscription in its three day subscription period. Easy Trip Planners is the second largest online travel agent in the nation regarding gross revenue earning. The agency offers a host of services related to ticket booking, hotel booking, holiday planning, packages, bus tickets, cab booking, and value-added services like travel insurance.
MTAR Technologies IPO
MTAR Technologies is a leader in the precision engineering industry, involved in producing mission-critical precision components. The public market debutant made a solid listing with a healthy oversubscription of 200.79x.
Heranba Industries IPO
Heranba Industries launched a Rs 625 crores IPO in the price range of Rs 626-627 to increase its post-issue implied market capital to Rs 2,505-2,509 crore. Gujarat based Heranba Technologies produces crop protection chemicals with clear market leadership in developing synthetic pyrethroids, like cypermethrin, deltamethrin, and lambda-cyhalothrin.
Railtel Ltd. IPO
RailTel plans to raise Rs 700 crores from the market by divesting 8.66 crores offer for sale shares. The company is one of the Mini Ratna companies involved in providing network and infrastructure services to railways.
Nureca Limited IPO
Operating in the space of wellness and healthcare, Nureca is one of the fastest-growing business in the domain. The IPO was subscribed 39.93 times and received 166.65 times subscription in the retail segment.
Brookfield India REIT IPO
Brookfield REIT, backed by Canadian alternative investment company Brookfield Asset Management, gained 2.4 percent listing gain against its issue price of Rs 275. The offer received 7.94x subscriptions on debut.
Stove Kraft Limited IPO
Kitchen appliance manufacturer and supplier Stove Kraft's IPO gained 21 percent on the listing. The IPOs were launched in the price band of Rs 385 and debuted in BSE at Rs 467, pegging the company's market capitalisation value to Rs 1,429 crore.
Home First Finance Company IPO
Mortgage financier Home First Finance raised Rs 1,153.72 crores in IPO by launching its shares in the price band of Rs 517 and Rs 518. The company targets first time home buyers in the middle and low-income group sections in the urban areas. It has a strong presence in Maharashtra, Gujarat, Karnataka and some other states of India.
Indigo Paints IPO
Sequoia Capital backed Indigo Paints IPO opened on January 20, containing fresh scrips and OFS shares from promoters and investors. The issue size was Rs 1,176 crores with fresh issues worth Rs 300 crores.
Indian Railway Finance Corporation (IRFC) IPO
The fifth of the railway companies launched IPO offers as the first company in 2021. The Union government decided to divest five of the railway companies in 2017. The proceeds from the IPO, comprising fresh issues worth 118.8 crores and OFS, will help bolster the capital base to meet the railways' borrowing requirements in the future.
Shyam Metalics and Energy IPO
Kolkata-based steel manufacturing company Shyam Steel will make a market debut with Rs 500 crores IPO containing both fresh shares and OFS scrips. The company proposes to use the proceeds from the offer to repay debt and meet general corporate expenses.
Sona Comstar IPO
Sona Comstar will hit the market with a Rs. 6000 crores IPO. The company is a leader in auto component manufacturing, catering to the global EV market. It produces highly engineered, mission-critical components and supplies to OEM manufacturers in the US, Europe, China, and India.
Dodla Dairy IPO
Dodla Dairy is a leading player in the dairy segment dominating the south Indian states. According to a CRISIL report, they were the second-largest private players in the industry in December 2020 regarding daily raw milk procurement. They have filed for an IPO worth Rs 800 crores.
KIMS Hospitals IPO
KIMS is a multi-specialty, multi-disciplinary corporate healthcare group operating in Telangana. It offers specialty and super-specialty treatment in 25 branches of healthcare with a focus on tier- 1, 2, and 3 cities with nine hospitals under its brand. The corporation had filed DRHP for Rs 700 crore IPO.
Indian Pesticides IPO
The agro-chemical technical company has received SEBI's approval for Rs 800 crore IPO. They were one of the fastest growing companies in its sector in India in terms of volume in FY 20. Indian Pesticide is the sole producer of formulations like folpet and thiocarbamate herbicide in India (among the top five globally).
Clean Science and Technology Ltd. IPO
Clean Science is involved in producing specialty chemical products using in-house technology that is eco-friendly and cost-effective. Their IPO, which opened on July 7 for three days, received 93.41 times subscription on the final day.
G R Infraprojects Ltd. IPO
G R Infraprojects Ltd. IPO opened on July 7, 2021. It was a pure offer for sale issue of 1,15,08,704 equity shares to offer exit to current promoters and shareholders. The offer was oversubscribed in all categories and received 102.58 times subscription in total.
IPO Performance
Top Gainers
| Company Name | Trade Date | List Date | LTP | Prev Close | Issue Price | Open | High | Low | Quantity | Market Cap | 52 Week High | 52 Week Low | Per Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Page Industries Ltd | 01-07-2021 | 16-03-2007 | 29644.90 | 32760.50 | 360.00 | 29550.00 | 33133.65 | 32618.70 | 10692 | 33065.92 | 26882.60 | 17150.00 | 8134.69 |
| Lux Industries Ltd | 01-07-2021 | 3806.00 | 4174.15 | 50.00 | 3588.45 | 4241.00 | 4130.05 | 41737 | 9611.29 | 1617.00 | 984.00 | 7512.00 | |
| Cigniti Technologies Ltd | 01-07-2021 | 649.35 | 557.95 | 10.00 | 645.35 | 572.00 | 551.10 | 82198 | 1799.61 | 399.85 | 240.00 | 6393.50 | |
| Maruti Suzuki India Ltd | 19-07-2021 | 09-07-2003 | 7251.70 | 7102.90 | 125.00 | 7251.70 | 7248.60 | 7003.50 | 484122 | 219059.35 | 7758.70 | 5446.05 | 5701.36 |
| Suumaya Industries Ltd | 01-07-2021 | 04-06-2018 | 634.40 | 18.00 | 634.95 | 206.00 | 192.05 | 4420 | 1523.07 | 3424.44 |
Top Losers
| Company Name | Trade Date | List Date | LTP | Prev Close | Issue Price | Open | High | Low | Quantity | Market Cap | 52 Week High | 52 Week Low | Per Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shoppers Stop Ltd | 01-07-2021 | 23-05-2005 | 237.05 | 253.00 | 238.00 | 240.35 | 270.00 | 251.00 | 287616 | 2085.80 | 512.95 | 338.00 | -0.40 |
| Matrimony.Com Ltd | 01-07-2021 | 21-09-2017 | 976.60 | 1126.60 | 985.00 | 965.00 | 1176.00 | 1111.30 | 110956 | 2220.20 | 755.60 | 364.00 | -0.85 |
| Cambridge Technology Enterprises Ltd | 01-07-2021 | 07-02-2007 | 37.60 | 84.85 | 38.00 | 37.60 | 84.85 | 84.85 | 9031 | 73.81 | 56.15 | 20.35 | -1.05 |
| Mangalam Global Enterprise Ltd | 01-07-2021 | 27-11-2019 | 50.10 | 51.00 | 48.70 | 54.35 | 53.25 | 11922 | -1.76 | ||||
| Euro India Fresh Foods Ltd | 30-06-2021 | 31-03-2017 | 76.35 | 78.00 | 78.00 | 85.05 | 84.95 | 3200 | 189.35 | -2.12 |
IPO in 2020: At a Glance
Over the last few years, the Indian IPO segment has gained prominence as a robust, emerging marketplace. 2020 particularly proved to be a good year for companies launching IPOs despite being a pandemic hit year.
Several IPOs launched during 2020 received massive oversubscription. Mrs Bectors IPO, the last IPO of 2020, received a whopping 198 times subscription and around 15 companies hauled south of Rs 25,000 crores during the year.
| Company | Issue Size (In Rs. Crores) | Price Band | IPO Date | Lot Size |
| Antony Waste Handling Cell Limited | ₹ 300 Crore | ₹ 313 - ₹ 315 | 21-Dec-20 | 50 |
| Mrs. Bectors Food Specialities Limited | ₹ 540.54 Cr | ₹ 286 - ₹ 288 | 15-Dec-20 | 50 |
| Burger King India Limited | ₹ 804 Cr - ₹ 810 Cr | ₹ 59 - ₹ 60 | 02-Dec-20 | 250 |
| Gland Pharma | ₹ 6,445 Cr To ₹ 6,480 Cr | ₹ 1490 - ₹ 1500 | 09-Nov-20 | 10 |
| Equitas Small Finance Bank | ₹ 510 Crore To ₹ 518 Crore | ₹ 32 - ₹ 33 | 20-Oct-20 | 450 |
| UTI AMC | ₹ 2152 Crore To 2160 Crore | ₹ 552 - ₹ 554 | 29-Sep-20 | 27 |
| Mazagaon Dock | ₹ 413 Crore To 444 Crore | ₹ 135 - ₹ 145 | 29-Sep-20 | 103 |
| Computer Age Management Services (CAMS) | ₹ 2,244.33 Crore | ₹ 1229 - ₹ 1230 | 21-Sep-20 | 12 |
| Chemcon Speciality Chemicals Ltd. | ₹ 317 Crore To 318 Crore | ₹ 338 - ₹ 340 | 21-Sep-20 | 44 |
| Route Mobile Limited | ₹ 600 Crore | ₹ 345 - ₹ 350 | 09-Sep-20 | 40 |
| Happiest Minds Technologies | ₹ 698 - 702 Cr | ₹ 165 - ₹ 166 | 07-Sep-20 | 90 |
| Mindspace Business Parks REIT | ₹ 4,500 Cr. | ₹ 274 - ₹ 275 | 27-Jul-20 | 200 |
| Rossari Biotech Limited | ₹ 494 - 496cr | ₹ 423 - ₹ 425 | 13-Jul-20 | 35 |
| SBI Cards And Payment Services Ltd. | ₹ 10,340.79 Cr | ₹ 750 - ₹ 755 | 02-Mar-20 | 19 |
It won't be wrong to mention that COVID-19 outbreak put a temporary damper in Indian IPO performance. There was four months-long dry spell between April and June when there were no IPO launches. Several companies during this time also delayed their plans to enter the market. However, once lockdown restrictions were lifted, the market picked up fast. The strong turnaround gave hope to companies and investors, which resulted in heavy participation in some of the offers.
The Conclusion
The market is showing strong trends of recovery as COVID-19 vaccine has hit the market. More companies will try to catch the tide when investor sentiment is up, and the market is buoyant with high liquidity.
Around 30 companies are expected to go public in 2021. The above list contains names of some of those. However, it is a list of tentative IPOs and possibly will change as new updates will come. We suggest you keep visiting the page from time to time for more information on upcoming IPOs.
However, before investing in any IPO, always read the prospectus carefully and run due diligence to weigh the pros and cons of the offer.
FAQs on upcoming IPOs
How can one apply in upcoming IPOs online?
Log in to the console and enter required and UPI handle details before placing the bid. All IPO application is supported by ASBA or Application Supported by Blocked Amount, which allows the bank to block the amount for the bid value until the IPO.
