July seems to be the month of many public offerings because IPO The market looks quite saturated as 12 different companies are setting the stage to launch their public issues. After the second COVID-19 wave, Indian companies raised around Rs 40,000 crore in the first half of 2021, while Rs 20,000 was raised in the second half of 2020. It was spread over a period of two months. Epidemic. The primary market has since recovered, and recorded an all-time high in June as the benchmark indices recovered.
According to CNBC, so far 20 companies have filed papers with the Securities and Exchange Board of India (SEBI) to raise over Rs 20 crore for their public offering to be launched in the second half of 2021. An additional 26 companies are still awaiting Sebi’s nod to initiate initial share sale.
Here is a list of companies that are expected to launch their public offerings in the month of July.
1) Zomato: The listing would cost the food delivery giant $8.7 billion, as demand for food delivery services skyrocketed in the pandemic. zomato According to Moneycontrol, the IPO is still awaited from SEBI and plans to launch by mid-July.
2) Shriram Gunas: The company wants to bring an IPO of Rs 800 crore in July. The offer for sale is Rs 550 crore and the fresh issue is Rs 250 crore.
3) Seven Islands Shipping: This company is a Mumbai based C Logistics Firm which is active from last 18 years, started in 2003. The company had received Sebi’s nod in April to sell its initial stake and raise Rs 600 crore. The IPO consists of a fresh issue of Rs 400 crore and a sale offer of around Rs 200 crore.
4) Aarohan Financial Services: a micro finance lender based out of Kolkata; According to a report by CNBC, the company is expected to hit the market this month. According to the Economic Times, the IPO offering is worth Rs 1800 crore, which includes fresh issue and offer for sale of Rs 850 crore.
5) AMI Organics: The chemical manufacturing company is believed to hit the market in July with an IPO of Rs 650 crore. According to a report by Moneycontrol, the offer for sale is estimated at 6.06 million shares with a fresh issue of Rs 300 crore.
6) GR Infraprojects: The company which is based out of Rajasthan and is involved in the construction of roads and highways will list an IPO worth Rs 963 crore. Membership will open on 7 July.
7) Utkarsh Small Finance Bank: According to the draft red herring prospectus (DRHP), the bank will issue an IPO this month with an offer for sale of around Rs 600 crore and a fresh issue of equity shares of about Rs 750 crore.
8) Glenmark Life Sciences: This company is looking to raise Rs 1700 crore through its IPO. The offer is made up of a fresh issue of up to Rs 1160 crore and an offer for sale by Glenmark Pharmaceuticals Limited consisting of 73 lakh equity shares.
9) Clean Science Technology: Consisting of an offer for sale by its shareholders, the chemical manufacturing company plans to raise Rs 1,400 crore through the initial share sale of its IPO.
10) Vijaya Diagnostic Centre: This Hyderabad-based diagnostics company is eyeing a public issue of Rs 2000 crore this month. It is a direct offer for sale by stakeholders who hold 35 per cent stake.
11) Nuvoco Vistas Corp.: The cement company is expected to list an IPO worth Rs 5000 crore. As per a Moneycontrol report, the offer will include a fresh issue of around Rs 5000 crore and an offer for sale worth Rs 3500.
12) Aadhaar Housing Finance: Expected to bring in an IPO worth Rs 7300 crore in July, the offer is made up of a fresh issue of Rs 1,500 crore and an offer for sale for Rs 5,800 crore.
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