List of Upcoming IPOs in October 2021

Year 2021 has been the year of the IPOs. In the first 9 months of the year, a total of 44 IPOs hit the market (including the IPO of Aditya Birla Sun Life currently open). These 44 IPOs raised Rs.78,520 crore. This includes two non-equity IPOs of Brookefield REIT and the PowerGrid INVIT. Even if these two are excluded, the total IPO collections in 2021 so far would still stand at over Rs.67,000 crore. However, this could just be the start.

How IPOs are likely to pan out in October 2021?

October 2021 is likely to be a busy month for IPOs. While actual IPO announcements will be coming, early indications from investment bankers, indicate the following IPOs likely to hit the market in October 2021.The IPO list is broken up sector-wise.

Upcoming IPOs in October 2021

The month of October is expected to collect over Rs.30,000 crore and there is another Rs.20,000 crore of IPOs expected in November. These exclude the mega Rs.16,600 crore IPO of Paytm or the Rs.75,000 crore LIC IPO. Year 2021 would then end up being the best year for IPOs, bettering the previous record of the year 2017. Here is a quick update on the IPOs above Rs.1000 crore to hit market in October 2021.

Emcure Pharmaceuticals

The Rs.4,500 crore IPO will comprise of a fresh issue of Rs.1,100 crore and an offer for sale of Rs.3,400 crore. The company focuses on generics and active pharma ingredients and will use the fresh issue component to repay debt.

Nykaa

The Rs.4,000 crore IPO will comprise of a fresh issue of Rs.525 crore and an offer for sale of Rs.3,475 crore. Floated by former Kotak investment banking honcho Falguni Nayar, Nykaa is an online platform for fashion products. It is a unicorn and also profitable.

MobiKwik

The Rs.1,900 crore IPO will comprise of a fresh issue of Rs.1,500 crore and an offer for sale of Rs.400 crore. The company will use the fresh funds to spruce up its digital wallet and expand its franchise of merchants and customers.

Ixigo

The Rs.1,600 crore IPO will comprise of a fresh issue of Rs.850 crore and an offer for sale of Rs.750 crore. It is one of the few artificial intelligence based platforms for booking flights, trains and hotels and has been around for over 14 years now.

Rategain Travel Technologies

The Rs.1,200 crore IPO will comprise of a fresh issue of Rs.400 crore and an offer for sale of Rs.800 crore. It services marquee clients with data centres based on AI. Rategain is a subsidiary of Rategain UK and will use the funds to repay debt and deleverage.

Star Health Insurance

The Rs.3,000 crore IPO will comprise of a fresh issue of Rs.2,000 crore and an offer for sale of Rs.1,000 crore. Star Health is a leading health insurance provider and is backed by marquee investors like Rakesh Jhunjhunwala and Westbridge Capital.

Arohan Financials

The Rs.1,800 crore IPO will comprise of a fresh issue of Rs.950 crore and an offer for sale of Rs.850 crore. Arohan is an NBFC and is also into microfinance serving the unpenetrated segments of the market. The IPO will help boost its capital adequacy.

Northern Arc Capital

The Rs.1,800 crore IPO will comprise of a fresh issue of Rs.300 crore and an offer for sale of Rs.1,500 crore. Northern Arc is also an NBFC and will look at the fund raising to boost its capital adequacy and expand lendable resources.

Utkarsh Small Finance Bank

The Rs.1,350 crore IPO will comprise of a fresh issue of Rs.700 crore and an offer for sale of Rs.650 crore. The company is an SFB based out of Varanasi and is very strong in Uttar Pradesh, Uttarakhand and Bihar belt. IPO will be used to boost capital adequacy.

Fincare Small Finance Bank

The Rs.1,330 crore IPO will comprise of a fresh issue of Rs.1,330 crore and an offer for sale of Rs.1,000 crore. The small finance bank will use the proceeds of the fresh issue component to augment its tier-1 capital and improve its lendable resources.

Penna Cement

The Rs.1,550 crore IPO will comprise of a fresh issue of Rs.1,300 crore and an offer for sale of Rs.250 crore. This is the second attempt of this Hyderabad based cement company and will be used to reduce debt and for expansion.

Sterlite Power Transmission

The Rs.1,250 crore IPO will comprise of a fresh issue and is part of the Vedanta group. Sterlite Power owns and manages power transmission assets and these are spread across India and Brazil.

CMS Info Systems

The Rs.2,000 crore IPO will comprise predominantly of an OFS as its 100% owner Sion Investments will look to monetize part of the holdings. CMS is into cash management services and predominantly into ATM management services.

Also Read:-

List of Upcoming IPOs in 2021