3 New Upcoming IPOs Expected in India in September 2021
Are you an IPO investor? Well, then 2021 has certainly been a blockbuster year for you as already more than 25 companies have market their IPO debuts in this year so far and many more are already in the pipeline of rolling out their public offer.
Rolling out the Initial Public Offer or IPO is a very complex process and the companies need detailed planning for the same. An investment banker helps the companies in rolling out their IPOs. The companies file a Draft Red Herring Prospectus or DRHP with the market regulator i.e. Securities and Exchange Board of India commonly known as SEBI. THE DRHP contains all the details about the company and the IPO. A company can only roll out its IPO after its DRHP gets approved from SEBI. After the IPO the status of the company is changed from private limited to public.
Let us now take a look at some of the IPOs which are expected to hit the market in the month of September 2021.
As many as 7 different companies are expected to roll out their IPOs in September. Let us take a look at these companies to help you plan your IPO investments.
Upcoming IPOs in September 2021
Vijaya Diagnostics
One of the largest diagnostics networks in India, Vijaya Diagnostics commonly known as VDC is all set to roll out IPO for subscription. The company got a go ahead from SEBI and the IPO is expected on 1st September 2021 as per the DRHP filed. The IPO has a face value of Re 1 and plans to raise around Rs 1895 Crores which will also include an OFS (Offer for Sale) of 35,688,064 shares from existing stake holders.
The company has a strong presence in over 13 cities with around 80 centers employing more than 2200 professionals including radiologists, pathologists and other health care staff. The company also has a stake of 62.17% in the listed company Medinova diagnostics.
Ami Organics
Ami Organics is a Gujarat based manufacturer of specialty chemicals and is planning to roll outs IPO for long. The company first filed its DRHP with SEBI in 2018 but things didn’t go well. The DRHP was re-filed in June 2021 and this time the company got a nod from SEBI for IPO. The IPO of the company is all set to hit the markets by 1st September 2021 and includes a fresh issue worth 200 crores and offer for sale (OFS) of 60,59,600 equity shares by the current promoters and stake holders. The IPO has a face value of Rs 10. The company plans to utilize the raised capital for setting off debts and funding their working capital requirement.
The company caters the need of domestic and international pharmaceutical companies including manufacturers from China, Europe, Japan, Israel, USA and UK.
Arohan Financial
The non-banking financial company based in India filed its DRHP in February 2021 and is expected to launch an IPO worth Rs 1800 Crores. The company got a go ahead from SEBI in May 2021 and plans to use the raised funds for corporate purpose and working capital requirements. The IPO may have a fresh issue worth Rs 850 Crores.
The IPO of Arohan Financial is expected in late June. However, there are chances that the IPO may be delayed till July as well.
These are some of the IPOs expected in September2021. 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!
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CapitalVia
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