What are the upcoming IPOs this month? Check details here

03 Apr , 2021 By : Kanchan Joshi

April 2021 will be an action-packed month with respect to initial public offerings (IPOs) as much as six companies are expected to hit the Indian stock markets this month.

Here is a list of the top IPOs lined up for this month:

Macrotech Developers: Formerly known as Lodha Developers, Macrotech Developers Ltd’s public offering is expected to open on 7 April and close 9 April. The issue price has been fixed at Rs483- Rs486 per share. The firm aims to raise Rs2,500 crore through the offering.

Dodla Diary: The dairy company based in South India aims to raise around Rs800 crore through IPO. The public issue comprises a fresh issue of up to Rs50 crore by the company and an offer for sale of up to 10.09 million equity shares by promoters and an investor. The company had filed a draft red herring prospectus with SEBI in February.

Seven Islands Shipping: The seaborne logistics firm has received markets regulator Sebi's go-ahead to raise Rs600 crore through an initial share-sale. The public issue comprises a fundraise via fresh issue amounting to Rs400 crore, and an offer for sale aggregating up to Rs200 crore, according to draft red herring prospectus filed.

Sona BLW Precision Forgings (Sona Comstar): The auto parts supplier plans to raise Rs6,000 crore through an initial public offering (IPO). As per reports, the issue consists of a fund-raiser through fresh issue amounting to Rs300 crore and an offer for sale aggregating up to Rs5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc.

Aadhar Housing Finance: Backed by private equity firm Blackstone, Aadhar Housing Finance Ltd had filed draft papers for a Rs7,300 crore initial public offering (IPO). The company will issue fresh shares worth Rs1,500 crore through the IPO, while Blackstone will sell existing shares worth Rs5,800 crore, Aadhar’s draft red herring prospectus showed.

KIMS Hospitals: Krishna Institute of Medical Sciences Ltd has filed preliminary papers to raise Rs700 crore through an initial share-sale. It comprises a fresh issue of shares aggregating up to Rs200 crore and an offer for sale of up to 21,340,931 equity shares from promoters and existing shareholders, according to draft red herring prospectus filed.