Upcoming IPO blogs in November 2021. Swastika

Diwali Shagun: Upcoming IPOs in November 2021

Many companies have started IPO filing since the end of 2020. This is because many businesses had suffered due to the impact of the Covid 19 pandemic and exuberant stock market activity.

That’s why many SMEs and big organizations have participated in the IPO. 

Here is the list of the companies that are ready to get launched in November 2021:

Company Name IPO Size Tentative Date
CMS Info Systems Rs 2000 Crore November 2021
Emcure Pharmaceuticals Rs 4500 Crore November 2021
Star Health And Allied Insurance Co. Limited Rs 3000 Crore November 2021
Jana Small Finance Bank Rs 2000 Crores November 2021
MobiKwik  Rs 1900 Crores November 2021
Arohan Financials Rs 1800 Crores November 2021
Northern Arc Capital Rs 1800 Crores November 2021
Ixigo Rs 1600 Crores November 2021
Penna Cement Rs 1500 Crores November 2021
Utkarsh Small Finance Bank Rs 1350 Crores November 2021
Fincare Small Finance Bank Rs 1330 Crores November 2021
Sterlite Power Transmission Rs 1250 Crores November 2021
RateGain Travel Technologies Rs 1200 Crores November 2021
ESAF Small Finance Bank Limited Rs 998 Crores November 2021
Shriram Properties Rs 800 Crores November 2021
Shri Bajrang Power and Ispat Rs 700 Crore November 2021
Studds Accessories Limited Rs 450 Crore November 2021

 

Emcure Pharmaceuticals

Emcure Pharmaceuticals is considered one of the leading pharmaceutical companies in India. Headquartered in Pune, Emcure pharmaceuticals, is planning to make its debut with an IPO of Rs 4500 Crore.

The company offers numerous products including tablets, capsules including soft gel and hard gel and injectables. 

The IPO will offer new issue equity shares of Rs 1,100 crore and OFS of about 18 million shares for its current shareholders and company promoters. 

The primary objective of Emcure pharmaceuticals is to pay its existing debts. 

Star Health and Allied Insurance

Star Health and Allied Insurance are considered one of the leading health insurance companies in India. Headquartered in Chennai, the company is known for providing health, overseas travel and personal accident insurance. 

Recently, the company has submitted its DRHP to the Security and Exchange Board of India for filing IPO of Rs 3000 Crore. 

The offer for sale includes 6 crore equity shares and fresh issue equity shares of Rs 2000 Crore. 

By launching its IPO, Star health wants to expand its current capital. Currently, the company has a market share of 15.8%.

Jana Small Finance Bank

Jana small finance bank is a leading small finance bank of India in terms of asset under management and deposit size. 

Founded in 2008, the bank mainly works in the rural and semi-urban parts of the country. 

The OFS of Jana Finance Bank will be Rs 1,300 Crore and Rs 700 Crore will be through fresh issue equity shares, hence the total IPO worth of Jana Finance bank would around Rs 2000 Crore.

The primary objective of the bank is to improve its tier-1 capital.

CMS Info Systems

CMS info systems is a well-known cash management company that has recently filed its DRHP with SEBI.

The net worth of the IPO would around Rs 2000 Crore. Here, the IPO will only consist of sales and no fresh issues.

MobiKwik

MobiKwik is an Indian digital payment company that has filed a DRHP with SEBI of launching its IPO of Rs 1900 Crore.

Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company believes in offering peer to peer payment facilities through UPIs. MobiKwik allows you to make your bill payments and different recharge through its app.

By launching its IPO, the company plans to raise a $1 billion valuations.

Northern Arc Capital

Northern Arc Capital is an NBFC with 10+ years of experience in the financial sector. Recently, the company has filed DRHP with the SEBI. 

The IPO consists of an OFS of 36, 520,585 shares and the issuance of fresh equity shares worth Rs 300 Crore. 

Arohan Financial Services

Arohan Financial Services is an NBFC that provides income-generating loans and other services to people who have zero access to financial services. 

By launching its IPO, the finance company is planning to make a public issue of around Rs 1800 Crores.

The IPO consists of an OFS of 27,055,893 shares and new issue equity shares of Rs 850 Crores.

iXigo 

iXigo is an AI-based online travel portal that has recently filed its DRHP with SEBI.

The company has planned to raise Rs 750 Crore through fundraising and an OFS of Rs 850 Crore. 

In a pre IPO funding round, the company raised around Rs 395 Crore.

Utkarsh Small Finance Bank

The bank filed its DRHP with SEBI in the 1st quarter of this year and got the approval from the same in June 2021 to begin its IPO proceedings. 

The main motive of this organization behind launching its IPO is business expansion.

The total issue size of the IPO will be around Rs 1350 Crore – which can be divided into OFS and fresh issue. Here, the fresh issue of equity will be around Rs 750 Crore and OFS will be Rs 600 Crore. 

Penna Cement

The initial public offering of Penna Cement will likely have a total valuation of Rs. 1,550 crores. It will comprise an offer for sale of Rs. 250 crores and freshly issued equity shares of Rs. 1,300 crores.

ICICI Securities, Axis Capital Limited, JM Financial, Yes Securities (India) Limited, and Edelweiss Financial Services are the lead managers of this IPO. KFin Technologies Private Limited is the registrar of this IPO.

Penna Cement is one of the leaders in its segment in India. It has an annual production capacity of 10 million tonnes and has a strong presence in the Southern and Eastern parts of India.

Sterlite Power Transmission

Sterlite Power is a leading integrated power transmission developer and solution provider company. The company is all set to release its IPO of about Rs 1250 Crore. According to the DRHP, the lead manager of this IPO is JM Financial Capital, ICICI securities limited, Axis Capital Limited. However, the registrar of this IPO is KFin Technologies.

RateGain Travel Technologies

RateGain Technologies is all set to release its IPO, which would be worth Rs 1200 Crores. The face value of RateGain’s share is Rs 1 per share. 

The company is planning to invest its proceedings to pay off debts first and then invest the money in technological innovations and acquiring capital equipment.

Fincare Small Finance Bank

Fincare small finance bank is preparing to go public in the current financial year. However, the company has already filed for DRHP to start IPO.

The total valuation of around Rs 1,330 Crore, which consists of an OFS of Rs 1000 Crore through the company’s promoters and freshly issued equity shares of Rs 300 Crores.

ESAF Small Finance Bank

ESAF Small Finance Bank is ready to go public by the end of 2021. The total size of the IPO is Rs 800 Crores and the remaining is through OFS. 

Shriram Properties

Shriram Properties have filed its DRHP with SEBI. The total valuation of Shriram properties is around Rs 800 Crore. It consists of fresh equity shares of Rs 250 Crores and Rs 550 Crores for OFS. 

The face value of Shriram properties is Rs 10 per share.

Shri Bajarang Power and Ispat Limited

Shri Bajrang Power & Ispat Limited IPO will list 41,18,000 freshly issued equity shares with a face value of Rs. 10 per share.

Studds Accessories Limited

Studds Accessories Limited, IPO is expected to have a valuation of around Rs 98 Crore. Also, current investors are likely to divest around Rs 3,939,000 Crore equity shares.

For Diwali Shagun:

Swastika Investmart is coming up with an exciting YouTube Live session by Senior Research Analyst Mr Santosh Meena and Financial Reporter Sejal Jain to interact with you and provide the latest stock market updates.

Join us on 30th October 2021 from 5:00 PM to 6:00 PM on our YouTube channel for an intriguing session.

Open demat account with Swastika and seamless stock trading services at affordable brokerage rates.

 

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