IPO craze has only exceeded with more and more retail participation to make quick bucks given the uncertain climate, now with the new variant creating panic. The frenzy seen last year in the primary market shall sustain as per reports and soon some of the below mentioned IPOs will hit the primary markets as per a leading portal tracking IPOs in particular.
1. Adani Wilmar:
This share is already being traded in the market of unlisted securities and commands a premium of Rs. 140 per share. The FMCG company in India offers kitchen essentials. The company's financials have improved over time with Fy21 net profit standing at Rs. 727.65 crore.
This shall be the 7th company to list on the Indian bourses. 35% quota has been reserved for retail investors while there shall be also shareholders quota for those having ownership in the company's parent company Adani Enterprises.
2. ESDS Software:
This is a cloud services firm backed by a PE firm plans to issue fresh equity worth Rs. 322 crore while the OFS shall be of 21,525,000 equity shares. The company is dubbed as the most preferred cloud service provider.
Go First previously referred as Go Air has announced to raise Rs. 3600 crore via the IPO. The IPO has been deferred and this was company's safe play action amid weak investors' response to IPOs including Paytm etc. The company in the nine months of Fy 20 has incurred losses to the tune of Rs 470 crore.
The company has been majorly accumulating the funds to clear off its outstanding debt.
The beauty segment company offering skin and personal care products has got Sebi's clearance to come up with an IPO with issue size of Rs. 3000 million (fresh equity issuance).
The proceeds will be deployed towards financing some of the below mentioned subjects:
For the set of VLCC wellness clinics in India and GCC region, and VLCC institutes in India
Payment of debt
Investment towards brand development; building digital infra and other corporate purposes.
5. Skanray Technologies:
Skanray is a leading international healthcare technology company specializing in High Frequency X-Ray Imaging Systems, Critical Care, Dental Care, Primary Healthcare & Telemedicine devices.
The company has been reported to make substantial profits as against loss in the earlier years. The company is a key player in the growing segment. In the nine months to 2021, the company's profits have stood at Rs. 175 crore.
6. CMR Green Technologies:
The group is India's largest producer of Aluminium and Zinc die-casting alloys with a combined annual capacity of over approx 310,700 MT. Since its inception, it has maintained its fast-paced growth by leveraging latest technology and continuous improvement.
The fresh equity issuance shall be of Rs. 300 crore while the OFS shal be of 3.34 crore shares by promoters and investors.
The proceeds from the fresh issue will be utilised towards the payment of debt and general corporate purposes.
7. Prudent Advisory:
Started in 2000, the company is one of India's fastest growing financial services Group. Since then the company has expanded to offer financial services and products such as Mutual Funds, Insurance, Equities, Bonds, PMS-AIF, Fixed Income Products, Properties and Loan Products.
The IPO is an offer for sale of 8.55 million shares by shareholders and promoters. Wagner, a vehicle of TA Associates- the PE firm backing the company, will sell up to 8.28 million shares, and Shirish Patel will offload up to 2.68 lakh shares. Wagner holds 39.91% stake, while Patel has 3.15% of the firm as of now.
8. Tracxn Technologies:
Bengaluru headquartered entity is the research partner of choice for 850+ Investors, Corporates and Government bodies across the globe. The company's main offerings are into market intelligence and the company in the last concluded fiscal year narrowed down its losses to Rs. 5 crore.
|Adani Wilmar||Rs. 4500 crore|
|ESDS Software||Rs. 322 crore fresh equity issuance plus OFS|
|Go Airlines||Rs. 3600 crore|
|VLCC||Rs. 300 crore fresh equity issuance|
|Skanray Tech||Rs. 400 crore||OFS of 14,106,347 shares|
|CMR Green||Rs. 300 crore||3.34 crore|
|Prudent Advisory||Complete OFS|