IPO List: In the first month of the new fiscal year, in the month of April, IPOs of at least 6 companies are being launched. The economic situation in the country is improving amid the Corona epidemic. In view of this, companies are launching IPOs. Between January 2021 and March 2021, IPOs of 17 companies were launched and these companies have raised Rs 18,800 crore from the primary market.
These companies are launching IPOs in the month of April
See full list
Macrotech Developers: This company was earlier known as Lodha Developers. MacroTech Developers will be issuing new shares worth Rs 2,500 crore in the IPO. Macrotech plans to use this money to reduce borrowings of up to Rs 1,500 crore and to acquire rights up to Rs 375 crore to acquire land or develop land. The remaining amount will be spent on the normal functioning of the company. The company’s IPO will launch on 7 April. It will be open till 9 April. Its issue price has been fixed at Rs 483-486.
Dodla Diary: Dodla Dairy is a South Indian company. This company is preparing to launch its IPO. The company has submitted a draft Red Herring Prospectus (DRHP) with market regulator SEBI to launch an IPO of Rs 800 crore. For this IPO, the company will issue fresh shares worth Rs 50 crore and the promoter and investor of the company will issue 1,00,85,444 equity shares through Offer for Sale (OFS).
Seven Islands Shipping : Seven Islands Shipping Company has received approval from SEBI for an IPO of Rs 600 crore. There will be a fresh issue of Rs 400 crore. However, shares worth Rs 200 crore will be issued through Offer for Sale (OFS). The Mumbai-based company has about 20 ships.
Sona BLW Precision Forgings (Sona Comstar): Sona BLW Precision Forgings (Sona Comstar) It is set to raise Rs 6000 crore as the country’s largest auto parts manufacturing company. The company is preparing to launch its IPO this month. Fresh shares worth Rs 300 crore will be issued in the IPO of the company. Also, Blackstone’s subsidiary Singapore VII Topco III Pte Ltd will sell the shares for Rs 5700 crore. The company was founded in 1995 and is the premier auto technology company in Gurgaon.
Aadhar Housing Finance: Mortgage Financier is an Aadhar Housing Finance company, with Blackstone investment. It caters to the housing finance needs of low income people. The company has submitted draft papers with SEBI for an IPO of Rs 7300 crore. For this, the company will issue fresh shares worth Rs 1500 crore and the promoters and shareholders of the company will sell 5800 crore shares. Aadhaar Housing Finance was established in 2010.
KIMS Hospitals (KIMS Hospitals): Krishna Institute of Medical Sciences Ltd is set to raise Rs 700 crore through an IPO. It is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana region. In this public issue, it will issue fresh shares worth Rs 200 crore. Also, promoters and existing shareholders will sell 21340931 shares.
For social media updates, we need Facebook (https://www.facebook.com/moneycontrolhindi/) And Twitter (.).