The share market is growing tremendously each year, more and more companies are going public to raise funds. Many IPO’s have entered the market this year including burger king, barbeque nation and many companies have lined up to go public in the following weeks.
Here are some of the upcoming IPOs you have to keep an eye on:
Read More: Understanding the Basics of Share Market
Shyam Metalics and Energy Limited
Shyam Metalics & Energy will make its initial public offering (IPO) on June 14 at a price range of Rs303-306 per share. The Bid period for the IPO will end on Wednesday, June 16, 2021. The overall issue size is approximately ₹ 909cr, which includes a fresh issuance of Equity Shares worth up to Rs657cr and also an offer for sale of Equity Shares worth up to ₹ 252cr by the Shareholders.
The Net Profits from the Fresh Issue will be used for the repayment of ₹ 470cr of the Company’s debt and that of its subsidiary. Investors can place minimum bids of 45 equity shares and subsequent bids in multiples of 45 equity shares.
Sona Comstar
Sona Comstar’s initial public offering (IPO) will stay open from June 14 to June 16, with anchor investors securing shares on Friday. The company plans to conduct a ₹ 5,550cr initial public offering (IPO) next week, with prices ranging from ₹ 285-291 per share.
The public offering comprises a ₹ 300cr fresh sale and a ₹ 5,250cr offer for sale of (OFS) held by Singapore Topco, a Blackstone Group affiliate. Singapore Topco currently owns 66.2 percent of the company’s pre-offer paid-up equity capital.
Sona Comstar is the key player in the rapidly developing worldwide electric vehicle (EV) markets. It has a 13.8 percent revenue deriving from the Battery EV market and 26.7 percent from the Hybrid market for FY21.
Its global market share in the calendar year 2020 amounted to 8.7%.
Navoday Enterprises Ltd
Navoday Enterprises Ltd is a marketing and event management firm, which is all set to launch its initial public offering on June 14 and close on June 17. The company set a pricing range of ₹ 20 per unit.
The issue is being handled by Inventure Merchant Banker and Sattelite Corporate Service.
The company stated that 1.2 million shares worth ₹ 24 lakh will be allocated for market makers, and the remaining ₹ 43.68 crores will be referred to as a net issue.
Dodla Dairy
Dodla Dairy Limited is a South Indian integrated dairy company that procures, processes, and distributes milk and other dairy products.
The Dodla Dairy IPO is a primary IPO of equity shares with a face value of ₹ 10 worth up to 520.18 crores. The equity shares are issued at ₹ 421 to ₹ 428 per share. The order quantity is limited to 35 Shares.
The initial public offering (IPO) begins on June 16, 2021, and ends on June 18, 2021.
The registrar for the IPO is KFintech Private Limited. The shares will be listed on the BSE and NSE.
