List of Upcoming IPOs in November 2021
5paisa Research Team
Last Updated: 10th December 2022 - 12:23 pm
In the first 10 months of year 2021, a total of 51 IPOs hit the market. These IPOs raised more than Rs.90,000 crore; and we are including the 2 non-equity IPOs of Brookefield REIT and the PowerGrid INVIT. With 2 months to go, Indian IPO collection shave already crossed the record collections of 2017 and this surely promises to be the best IPO year ever.
Also read: Upcoming IPOs in 2022
How IPOs are likely to pan out in November 2021?
November 2021 started with a bang and 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 hit the market in November 2021 or likely to hit. The IPO list is sector-wise.
Upcoming IPOs in November 2021
|
Company Name |
IPO Size (Estimated) |
IPO Month |
|
PHARMACEUTICALS |
||
|
Emcure Pharmaceuticals |
Rs.4,500 crore |
Nov-21 |
|
Skanray Technologies |
Rs.400 crore + OFS |
Nov-21 |
|
DIGITAL PLAYS |
||
|
Rs.18,300 crore |
Nov-21 (08-Nov) |
|
|
Rs.5,625 crore |
Nov-21 (01-Nov) |
|
|
MobiKwik |
Rs.1,900 crore |
Nov-21 |
|
Ixigo |
Rs.1,600 crore |
Nov-21 |
|
Rs.1,200 crore |
Nov-21 |
|
|
FINANCIAL SERVICES |
||
|
Rs.3000 crore |
Nov-21 |
|
|
Arohan Financials |
Rs.1,800 crore |
Nov-21 |
|
Northern Arc Capital |
Rs.1,800 crore |
Nov-21 |
|
Rs.1,350 crore |
Nov-21 |
|
|
Rs.1,330 crore |
Nov-21 |
|
|
ESAF Small Finance Bank Ltd |
Rs.998 crore |
Nov-21 |
|
INFRASTRUCTURE PLAYS |
||
|
Penna Cement |
Rs.1,550 crore |
Nov-21 |
|
Sterlite Power Transmission |
Rs.1,250 crore |
Nov-21 |
|
Paradeep Phosphates |
Rs.1,255 crore + 12 cr shares OFS |
Nov-21 |
|
Shri Bajrang Power And Ispat |
Rs.700 crore |
Nov-21 |
|
OTHERS |
||
|
Adani Wilmar |
Rs.4,500 crore |
Nov-21 |
|
Rs.2,073 crore |
Nov-21 (09-Nov) |
|
|
CMS Info Systems |
Rs.2,000 crore |
Nov-21 |
|
Keventer Agro |
Rs.800 crore |
Nov-21 |
|
Rs.800 crore |
Nov-21 |
|
|
Seven Islands Shipping |
Rs.600 crore |
Nov-21 |
|
Rs.600 crore |
Nov-21 (10-Nov) |
|
|
Rs.600 crore |
Nov-21 (01-Nov) |
|
|
Studds Accessories Limited |
Rs.450 crore |
Nov-21 |
|
Rs.125 crore |
Nov-21 (01-Nov) |
|
(Note: In last column, dates in brackets denote IPO opening date)
While the LIC IPO may still be some time away, November promises to be a busy month for IPOs and if the IPO of Paytm attracts strong subscription, one can expect a spate of digital IPOs front-ending their IPO plans. Here is a quick take on the IPO stocks.
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.
Skanray Technologies
The IPO of Skanray Technologies will comprise of a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares with price to be decided. The company focuses on the Indian medical devices market and designs, develops and manufactures medical devices.
One-97 Communications (Paytm)
The Paytm IPO of Rs.18,300 crore will comprise of a fresh issue of Rs.8,300 crore and an offer for sale of Rs.10,000 crore and is open from 08-Nov to 10-Nov. The company operates the Paytm payment platform and gateway and has over 33 crore customers and 2.2 crore merchants.
PB Fintech (Policybazaar & Paisabazaar)
The PB Fintech IPO of Rs.5,625 crore comprising of fresh issue of Rs.3,750 crore and offer for sale of Rs.1,875 crore opened on 01-Nov and closed on -3-Nov and was subscribed 16.6 times. PB Fintech runs the popular portals Policybazaar and Paisabazaar.
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.
Paradeep Phosphates
The IPO of Paradeep Phosphates will comprise of a fresh issue of Rs.1,255 crore and an offer for sale of 12 crore shares by existing shareholders. Paradeep, based out of Odisha, is into the manufacture of phosphatic fertilizers.
Adani WIlmar
The Rs.4,500 crore IPO will comprise entirely of a fresh issue of Rs.4,500 crore. It is a joint venture between Adani group and Wilmar of Singapore and offers the total food chain solutions from farm to fork. Their Fortune brand is quite popular.
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.
Keventer Agro
The Rs.800 crore IPO will comprise predominantly of an OFS of Rs.425 crore and a fresh issue of Rs.375 crore. Keventer has presence in the packaged food, dairy products and fresh food products vertical. It franchises Frooti, Appy, Bailey and Appy Fizz from Parle Agro.
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