Here we are giving a complete list of how many companies are bringing issues in July. Watch and choose the IPO of your choice
Not one or two but 12 IPOs are going to open in July. Despite the second wave of coronavirus infections, Indian companies have raised around Rs 40,000 crore from the issue in the second half of this year. Whereas in the second half of 2020, companies had raised Rs 20,000 crore.
Till now more than 20 companies had applied for the issue. Apart from this, 26 companies are still waiting for SEBI approval for their IPO.
Here we are giving a complete list of how many companies are bringing issues in July. Take a look and choose the IPO of your choice.
The issue of Zomato food delivery company has got the approval of SEBI. The company is set to launch an issue with a valuation of $8.7 billion. The issue of the company can come by mid-July.
Shriram Properties
The company is going to bring the issue this month. The company is preparing to raise Rs 800 crore through IPO. The company will issue an offer for sale of Rs 550 crore and a fresh issue of Rs 250 crore.
Seven Islands Shipping
It is a Mumbai based Sea Logistics Company. The company was started in 2003 and is in this business since last 18 years. Seven Islands Shipping got SEBI’s nod to bring the issue in April this year itself. The company is about to raise Rs 600 crore from the issue. In this IPO, there will be a fresh issue of Rs 400 crore and an offer for sale of Rs 200 crore.
Arohan Financial Services
It is a Kolkata based micro finance company. The company is going to bring its IPO this month. Arohan Financial Services is preparing to raise Rs 1800 crore from the issue. Out of this, Rs 850 crore will be fresh issue and the rest will be offer for sale.
AMI Organics
The chemical manufacturing company is going to come up with an issue of Rs 650 crore in July. The company will issue a fresh issue of Rs 300 crore. With this, 60.6 crore shares will be sold in the offer for sale.
GR Infraprojects
This is a Rajasthan based company that manufactures roads and highways. The issue of the company is scheduled to open on July 7. GR Infraprojects is about to bring an issue of Rs 963 crore. Its price band has been fixed at Rs 828-837. The company’s issue will close on July 9.
Utkarsh Small Finance Bank
The issue of this small finance bank is going to come in July. According to the application issued by the company, it will issue a fresh issue of Rs 750 crore. Along with this, the company will sell shares worth Rs 600 crore in the offer for sale.
Glenmark Life Sciences
The company is preparing to raise Rs 1700 crore through the issue. The company will issue a fresh issue of Rs 1160 crore. Along with this, the company will sell 73 lakh shares under the offer for sale.
The issue of Clean Science Technology Company will be purely offer for sale. The promoters of the company are selling their stake. Therefore, all the money raised from the issue will go to the promoters. The company will not get a single penny from this. Clean Science is preparing to raise Rs 1546 crore through technology issue. Its price band has been fixed at Rs 880-900. The company’s issue will open on July 7 and close on July 9.
Vijaya Diagnostic Center
This Hyderabad-based company is preparing to launch an issue in July. The company is preparing to raise Rs 2000 crore from IPO. In this, the company’s stakeholders are selling their stake, who have 35 percent stake in the company.
Nuvoco Vistas Corp.
This cement company is going to bring an issue of Rs 5000 crore this month. In this, a fresh issue of Rs 1500 crore and an offer for sale of Rs 3500 crore will be issued. The promoters of the company Niyogi Enterprises Private Limited are about to sell their stake. His stake in the company is 85.56 percent.
Aadhar Housing Finance
The company is going to bring an issue of Rs 7300 crore in July. In this issue, a fresh issue of Rs 1500 crore will be issued and shares worth Rs 5800 crore will be sold in the offer for sale.
