The Indian economy is recovering at a very rapid rate as the governments across the country are easing out the lockdown restrictions. The financial markets have also started performing at a steady pace. Sighting this as the prefect opportunity, companies who got their DRHP approved from SEBI are planning to line up their IPOs.
Many companies have rolled out their IPOs in June and July and August month is no different. The 2020-21 financial year saw as many as 55 IPOs which helped companies in raising over 31,000 Crores from the public.
Investors are expecting some great IPOs in 2021-22 like Life Insurance Corporation of India, Flipkart, PayTM etc. Many of these companies already have their Draft Red Herring Prospectus approved form SEBI while some are still waiting for approval.
As many as 7 different companies are expected to roll out their IPOs in August. Let us take a look at these companies to help you plan your IPO investments.
Table of Content
Upcoming IPOs in August 2021
Devyani International Ltd
The IPO of Devyani International Ltd is expected to go public on 4th August. Devyani International holds franchisee of various food brands under its ambit including KFC, Pizza Hut, Costa Coffee etc. Devyani International Limited got a nod from SEBI for rolling out their IPO after their DRHP was approved.
It is expected that the IPO of Devyani International will aim to raise Rs 400 Crores through a fresh issue and 1000 Crores through an Offer for Sale (OFS).
Windlas Biotech
Windlas Biotech is a prominent name in the Pharmaceutical Formulations Contract Development and Manufacturing Organizations (CSMO) in India. The IPO of Windlas Biotech is also expected to go public on 4th August 2021. The company’s DRHP is already approved by SEBI.
The IPO of Windlas Biotech is expected to have a fresh issue of Rs 165 Crores and Offer for Sale of around 50 lakh shares. The company is also planning for a pre-IPO placement of around Rs 50 Crores as per their DRHP.
Star Health and Allied Insurance Company Limited
Star Health is a leading name in the Indian medical insurance industry and holds a market share of over 15 per cent. As per their DRHP, the IPO size is expected to be round Rs 3000 Crores, which will be utilized for expanding the company’s capital base and to maintain solvency levels.
The company is yet to announce a date for rolling out their IPO, however it is expected to launch by mid-August. The IPO is expected to have fresh shares worth Rs 2000 Crores and a sell of around 6 Crore shares from the company’s promoters.
Fincare Small Finance Bank
Fincare Small Finance Bank got their DRHP approved from SEBI in May 2021, but the IPO got delayed due to the spike in Covid cases and subsequent lockdown. Fincare is a SFB based out of Bengaluru with a network of 528 banking outlets and 10 ATMs. The company currently serves customers from 16 states and 3 Union Territories.
The IPO of Fincare SFB will be valued at Rs 1330 Crores, including a fresh issue of shares worth Rs 330 Crores and an OFS (Offer for Sale) of shares worth Rs 1000 Crores.
Shriram Properties
Shriram Properties is a real estate brand with a strong presence in South India. The company is based out in Bengaluru and got its DRHP approved from SEBI in April 2021. There is no final announcement on the IPO date yet, but the same is expected around August end.
The size of the IPO of Shriram securities will be around Rs 800 Crores including a fresh issue of shares worth Rs 250 Crores and an Offer for Sale of shares worth Rs 550 Crores.
Studds Accessories Limited
Studds Accessories is a leading manufacturer of two-wheeler accessories especially helmets, based out in Haryana. The company was the largest seller of two-wheeler helmets globally in the year 2018. The brand has registered a revenue of over Rs 436 Crores despite the slow economy last year.
The IPO of Studds Accessories limited is expected to be valued around Rs 98 Crores including an Offer for Sale of around 3,939,000 equity shares from the company’s promoters.
Utkarsh Small Finance Bank
Another Small Finance Bank to join this list is Utkarsh Small Finance Bank. The company got the required nod from SEBI in June 2021 after their DRHP was approved. The company plans to utilize the funds raised from IPO for increasing their tier-1 business expansion capital.
The IPO is expected to have valuation of around Rs 1350 Crores with a fresh issue of shares worth Rs 750 Crores and an Offer-for-Sale of shares worth Rs 600 Crores from the company’s stakeholders.
Conclusion
These are some of the IPOs expected in August 2021. You can go through the fundamentals of all these companies and plan your investments accordingly. A company with strong fundamentals is expected to yield decent gains. You can take the services of an investment advisor who can help you out with the required fundamental analysis and help you plan your IPO investments.
Happy Investing!
