June 2021 is expected to be a busy month for Initial Public Offerings (IPOs), as up to five companies will hit the Indian primary market next week after a brief hiatus in recent months amid the deadly second wave of the pandemic in India.
Companies like Nazara Technologies, Barbeque Nation, Easy Trip Planners, and MacroTech Developers were among those that were listed in the first few months of the year. And, now the IPO market is set to see further action in the next few months of the year, as the companies have either received SEBI approval to launch IPOs or have filed a draft. prospectus for their public offering to the market regulator Securities and Exchange Board of India).
Here is a list of the IPOs scheduled for the coming week:
June 14, 2021
Metallic Shyam: Integrated metal production company Shyam Metalics and Energy’s ₹The 909 crore show will open on June 14 and close on June 16. The company has set a price range of ₹303-306 an action for his offer.
Shyam Metalics (SMEL) received a very good response in the gray market and the public question is also likely to get a strong response.
Angel Broking in an IPO note said: ‘The steel industry is experiencing headwinds due to rising infrastructure spending by major economies. Nationally, the outlook is improving, leading to a frenzy to add capacity with a high probability that demand will exceed supply. SMEL, with its operational efficiencies, is expected to benefit as it will almost double its capacity which is expected to enter service from FY23E, if not sooner. Therefore, we recommend “Subscribe” on the issue. ”
Sona Comstar: Sona BLW Precision Ltd, or Sona Comstar, an automotive component maker backed by private equity firm Blackstone Group, will open on June 14. The price range for the issue was set at ₹285-291 per share. The show will close on June 16. The business will grow ₹5,550 via IPO.
Navoday companies: Marketing and events company Navoday will open its IPO on June 14 with a price range set at ₹20 each. The show will close on June 17 and the firm aims to raise nearly ₹46.08 crores.
June 16, 2021
Dodla dairy: The initial public offering (IPO) of Dodla Dairy Ltd, backed by TPG, will begin on June 16. The price range for the issue was set at ₹421-428 one action. The show will close on June 18.
The IPO consists of a new issue of ₹50 crore and an offer to sell 10.99 million shares by its existing shareholders and promoters. On the upper tranche of the issue, the offer to sell (OFS) amounts to ₹470 crores.
KIMS: The Krishna Institute of Medical Sciences Ltd’s IPO will open on June 16 and close on June 18. The company has set a price range for its initial public offering (IPO) at ₹815-825 per share.
The size of the IPO is ₹2 144 crores whose new number is ₹200 crores and the offer for sale by the promoter group is ₹1,944 crore (2.35 crore of shares), with an IPO price range of ₹815- ₹825.
” This is a great time to launch an IPO in the hospital sector because after covid 19 we have seen a one-way rally in several hospital stocks, we have a positive outlook for the KIMS-IPO ‘ ‘Yash Gupta, Equity Research Associate Angel Broking said.
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