6 New Upcoming IPOs Expected in India in October 2021
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The procedure through which a corporation raises capital by selling some of its stock to the general public is known as an IPO. There is a big list of initial public offerings (IPOs) scheduled for October, so investors are anticipating a busy month.
IPOs, or initial public offerings, have traditionally attracted investors because they offer the best prospects for stock investing. The advent of ASBA has simplified the IPO application procedure.
As many as 6 IPOs are expected in the month of October. Some of these include Aadhar Housing Finance, Go Airlines, Ruchi Soya Industries. Let us take a look at all the six IPOs which are likely to be offered to the investors in October 2021.
Learn More about The Process of IPO.
Keventer Agro Limited
Keventer Agro is a Kolkata based company, which is one of the leading players in the Fast-Moving Consumer Goods segment in India. The company mainly specializes in Packaged, dairy and fresh food products. The company has over 90 products in its portfolio with availability of many products in a variety of taste and flavors.
The company plans to utilize the raised capital for repayment of certain debts, working capital requirements and general corporate purposes.
Ruchi Soya Industries Limited
Ruchi Soya is one of the most prominent names in the Indian edible oil refining sector. It is one of the largest manufacturers of soya foods under the company’s Nutrela brand. The company has launched a wide range of edible oils, wheat flour and honey under the same brand name this year.
The company has now been took-over by the famous Patanjanli brand which has transformed the financials of the company. The company plans to use the proceeds of the IPO for repayment of certain debts, working capital requirements and general corporate purposes.
Adani Wilmar Limited
The company is amongst the top players of the Indian FMCG segment and specializes in kitchen supplies including flour, pulses, sugar and rice. The products are available in a wide price band so as to cater the need of different customer groups. The company is a joint venture between the Adani group and Wilmar group. The company is also the largest manufacturer of oleochemicals in India.
The objective of the IPO is to raise capital for expanding the company’s manufacturing facilities, prepayment of borrowings and also to fund strategic investments and acquisitions.
Go Air Limited
Go Air is one of the fastest growing Ultra Low-Cost Carrier based in India and is amongst the only airlines in the segment to have aircrafts with an average age of below 3.7 years. The current fleet of Go Air includes 56 aircrafts including 46 latest Airbus A320 NEO models. The company has already placed order for 98 more Airbus A320 NEO aircrafts, whose delivery will start in 2022.
The company has certain dues from Indian Oil towards the jet fuel charges and has also been issued with letter of credits. The raised proceeds will be utilized for their prepayment as well as general corporate purposes.
Seven Islands Shipping Limited
Another IPO which is likely to hit markets in October 2021 is Seven Islands Shipping Ltd. The company specializes in the transportation of crude oil and is India's third-largest seaborne logistics provider. The company owns and operates 20 Indian-registered vessels. A total of 1,105,682 metric tonnes of deadweight capacity is available.
With the funds raised, the company hopes to purchase one MR vessel and one VLCC vessel. Mr. Thomas Wilfred Pinto is the company's chairman, and Mrs. Leena Metylda Pinto is the company's Whole Time Director.
Aadhar Housing Finance Limited (Aadhar Housing Finance)
Aadhar Housing Finance Limited (Aadhar Housing Finance) is one of India's most well-known housing finance organizations. It provides loans for the purchase of both residential and commercial properties, as well as home improvements. It is also involved in loan products that are based on mortgages. The company focuses on those from lower and middle-income groups that need small ticket loans.
The company's total borrowings are Rs. 9637.9 crores as of October 2020. Working capital facilities, term loans, refinancing, and other types of funding are used by the company.
These are some of the anticipated initial public offerings in October 2021. You may look at the fundamentals of all of these firms and make investing decisions based on that information. A company with excellent foundations should be able to generate decent returns. You can hire an investment advisor to assist you in performing the necessary fundamental study and plan your IPO investments. Happy Investing!
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CapitalVia
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