There has been a record mop up of funds in the March quarter through the IPO route and this in all probability will continue through the new FY. For the April month as many as 6 IPOs are expected to hit the primary market.
1. KIMS Hospitals:
The company has filed preliminary papers with SEBI for Rs. 700 crore IPO. The corporate healthcare group is one of the largest in Andhra Pradesh and Telangana region.
As per the DRHP filed with Sebi, the offer includes a fresh issue of shares aggregating up to Rs. 200 crore and an OFS of up to 21,340,931 shares from promoters and existing shareholders.
2. Sona BLW Precision Forgings (Sona Comstar)
The auto components company aims to raise Rs. 6000 crore. The IPO comprises a fresh issue worth Rs. 300 crore and an offer for sale of up to Rs. 5,700 crore by Singapore VII Topco III Pte Ltd, an affiliate of Blackstone.
Incorporated in the year 1995, Sona Comstar is a leading Gurgaon based auto technology company. The company is engaged in manufacturing, designing and supplying highly engineered, mission-critical automotive systems and components to OEMs across the US, Europe, India and China.
3. Seven Islands Shipping:
The sea borne logistics company has already received SEBI's approval to raise Rs. 600 crore. The public issue comprises a fund raise via fresh issue amounting to Rs. 400 crore and an offer for sale up to Rs. 200 crore by FIH Mauritius Investments. The Mumbai headquartered company has 20 Indian flagged and Indian owned liquid cargo vessels.
4. Aadhar Housing Finance:
Backstone backed mortgage financier Aadhar Housing Finance that caters to the housing finance need to the low income strata filed draft papers with the SEBI for a Rs. 7300 crore IPO. The company came into existence in 2010.
5. Macrotech Developers:
Macrotech Developers, erstwhile Lodha Developers, will also open its proposed Rs 2,500 crore IPO on April 7. The price band for the issue has been pegged at Rs 483 - Rs. 486 per equity share. The company is among the largest realty company by residential sales value for the financial year 2014-2020.
6. Dodla Dairy:
The Hyderabad based dairy company's IPO issue will include fresh equity shares aggregating to up to Rs. 50 crore and an OFS of up to 1 crore equity shares by promoters.