Weak listings in the past month, might have pushed you to make a second thought before parking your surplus funds in the initial public offer, nonetheless as market mood is getting stronger and in the long run fundamentals of the IPO companies' matter, investors should not get disheartened by the weak listing.
So, after Vijaya Diagnostics and Ami Organcis have hit the primary market, 7 more IPOs are lined up for the September:
1. Aditya Birla Mutual fund:
The company has the fourth highest AUM in India and is set to roll out an IPO to aggregate Rs. 2000 crore. The company's AUM are to the tune of Rs. 2.75 trillion. The issue shall most likely hit the markets at the end of September.
2. Arohan Financials:
The Kolkata based financial lender IPO comprises an fresh issuance of Rs. 850 crore and an OFS of 27.1 million equity shares by its shareholders. The total issue size is expected to be Rs 1,800 crore.. The company's primary services include offering micro financing facility to unbanked in 14 low-income states
3. Penna Cement:
The company is seeking to raise Rs. 1500 through the IPO issue. The IPO shall be a mix of both fresh issuance of up to Rs. 1300 crore as well as an OFS of up to Rs. 250 crore by the company's promoter company,PR Cement Holdings.
4. Sansera Engineering:
This shall be a completely OFS by the auto components manufacturing company and will involve sale of 17 million equity shares by promoters and existing shareholders.
5. Shri Bajrang Power and Ispat
The company last month got SEBI go ahead to come up with IPO. The offer shall be fresh equity issuance by the steel maker to aggregate Rs. 700 crore.
6. Paras Defence
The company offers a host of applications for defence and space with more than 40 year pedigree. The company is mainly dependent on government projects for its revenues. The company may issue a Rs. 200 IPO in the ongoing month.
7. Utkarsh Small Finance Bank:
The small finance bank will join the others on the bourses to come up with the IPO issue and come up with Rs. 1350 crore.
8. Ruchi Soya:
Agri-based FMCG company with Patanjali as its parent company will come up with a follow on public offer to aggregate Rs. 4350 crore. The FPO is in line with the company's plan to pare debt and for complying with the minimum shareholding norm.