Upcoming IPOs in August 2021 - New IPOs To Be Launched

The Indian economy is gradually picking up as lockdown restrictions are easing across various states in India. Following the trend, the stock market is also performing well. On account of such positive signs, the IPO market is gaining traction. A lot of companies are coming up with IPOs this year 2021.

Here, we have discussed the tentative list of upcoming IPOs in August 2021. This list is subject to modifications once any further updates are received from the companies or regulatory body (SEBI).

List of Upcoming IPOs in August 2021

1. Devyani International Ltd IPO

Company Background:
It is largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants (“QSR”) in India (Source: Global Data Report), on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 20201. In addition, the company has a franchisee for the Costa Coffee brand and stores in India. The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India.

Devyani International IPO Details:

•    The IPO consists of fresh issue of ₹440 crore and an offer for sale of 15,53,33,330 equity shares by existing shareholders and promoters.
•    The issue opens on 4 August 2021 and closes on 6 August 2021

•    The price band of the issue is fixed at Rs 86-90 per share. The bid lot is 165 shares and in multiples thereafter.
•    The purpose is to repay all borrowings of around Rs 324 crores and for general corporate purposes.
•    The global coordinators and book running lead managers to the issue are Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Edelweiss Financial Services Limited and Motilal Oswal Investment Advisors Limited.

2. Utkarsh Small Finance Bank IPO

Company Background:

Utkarsh Small Finance Bank provides affordable banking services - loans, accounts, deposits and investments across India.

Utkarsh Small Finance Bank IPO Details:

•    Utkarsh Small Finance Bank, is looking to raise ₹1,350 crore through IPO.
•    The IPO consists of a fresh issue of ₹750 crore and an offer for sale (OFS) of ₹600 crore by promoter Utkarsh CoreInvest.
•    The bank intends to utilise the net proceeds from IPO towards expansion of its tier-1 capital base.

3. Windlas Biotech Pvt. Ltd. IPO

Company Background:

Windlas Biotech is among the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (CDMO) industry in India in terms of revenue. The IPO consists of fresh issue of ₹440 crore and an offer for sale of 15,53,33,330 equity shares by existing shareholders and promoters.

Windlas Biotech IPO Details:

•    The issue opens on 4 August 2021 and closes on 6 August 2021.
•    The offer comprises of a fresh issue of shares worth₹165 crore and an offer for sale of shares of 51,42,067 equity shares by existing selling shareholders.
•    SBI Capital Markets, DAM Capital Advisors, and IIFL Securities are the BRLM to the issue.
•    The price band is fixed at ₹448-460 per equity share for the public issue. The lot size is of 30 equity shares.
•    The company proposes to utilise the net proceeds from the issue for the purchase of equipment required for capacity expansion of existing facility at Dehradun Plant, to meet working capital requirements and repaying of certain borrowings.

4. Fincare Small Finance Bank IPO

Company Background: 

Fincare Small Finance Bank has a suite of banking products such as savings accounts, current accounts, fixed deposits, NRI fixed deposits, recurring deposits, microloans, cash overdraft, loans against gold, loan against property, institutional finance, and two-wheeler loan.

Fincare Small Finance Bank IPO Details:

•    Fincare Small Finance Bank has filed draft papers for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). It plans to raise  ₹1,330 crore from the primary market.
•    The IPO of Bengaluru-based microfinance company comprises a fresh issue of ₹330 crore by the bank and an offer for sale of ₹1,000 crore by promoter Fincare Business Services.
•    Book running lead managers to the issue are ICICI Securities, Axis Capital, IIFL Securities, and SBI Capital Markets.

5. ESAF Small Finance Bank Ltd. IPO

Company Background:

ESAF Small Finance Bank is one of the leading small finance banks in India in terms of client base size, yield on advances, net interest margin, assets under management CAGR, total deposit CAGR, loan portfolio concentration in rural and semi-urban areas and ratio of micro loan advances to gross advances.

ESAF Small Finance Bank IPO Details:

•    The company is planning to raise ₹ 998 crore through its public issue. 
•    The IPO consists of a fresh issue of Rs 800 crore and an OFS of ₹197.78 crore by existing selling shareholders.
•    The bank intends to utilise the net proceeds from IPO towards expansion of its tier-1 capital base.
•    Axis Capital, Edelweiss Financial Services, ICICI Securities and IIFL Securities are merchant bankers to the issue.

6. Shriram Properties:

Company Background:
Shriram Properties has a key presence in South India. It has completed various real estate projects and many projects are under construction.

Shriram Properties IPO Details:

•    The company is planning to raise ₹800 crore through its public issue.
•     The IPO consists of a fresh issue of ₹250 crore and an offer for sale of ₹ 550 crore.
•    The bank intends to utilise the net proceeds from IPO towards repayment and/ or pre-payment of debt and general corporate purposes.

7. Nuvoco Vistas Corp:

Company Background:

Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. (Source: CRISIL Report). As of December 31, 2020, the company’s cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and we are one of the leading ready-mix concrete manufacturers in India (Source: CRISIL Report).
Nuvoco Vistas Cement Plants are in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India andRajasthan and Haryana in North India, while our RMX Plants are located across India. As of December 31, 2020, the Cement Plants have an installed capacity of 22.32 MMTPA.

Nuvoco Vistas IPO Details:
•    Book Running Lead Managers to the issue are ICICI Securities, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited and J.P. Morgan India Private Limited.
•    Nuvoco Vistas is the cement arm of the household brand Nirma Ltd.
•    The issue size of the IPO is around ₹5,000 crores of which ₹ 1,500 crores will be a fresh issue and the rest will be an offer for sale.

8. Krsnaa Diagnostics Limited:

Company Background:

Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.

Krsnaa Diagnostics IPO Details:

•    The issue opens on 4 August 2021 and closes on 6 August 2021.
•    The offer comprises of a fresh issue of shares worth ₹ 400 crore and an offer for sale of shares of 9,416,377 equity shares by existing selling shareholders.
•    DAM Capital Advisors Ltd, Equirus Capital Private Ltd, IIFL Securities Ltd and JM Financial Limited are the book running lead managers to the issue.
•    The company proposes to utilise the net proceeds from the issue to finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra, repayment/pre-payment of firm's borrowings fully or partially and for general corporate purposes.

Also Read: Upcoming IPOs List in 2021

9. Cartrade Tech Limited

Company Background:

Cartrade is a multi-channel auto platform with coverage and presence across vehicle types and value-added services. They offer a variety of solutions across the automotive transaction value chain for marketing, buying, selling and financing of new and pre-owned cars, two-wheelers as well as pre-owned commercial vehicles and farm and construction equipment. Their platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTrade Exchange, Adroit Auto and AutoBiz.

Cartrade Tech Limited IPO Details:

•    The issue opens on 9 August 2021 and closes on 11 August 2021.
•    The offer is an Offer for sale of upto 18,532,216 Equity Shares.
•    Citigroup Global, Kotak Mahindra Capital, Nomura Financial are the book running lead managers to the issue.
•    The price band is fixed at ₹1,585-1,618 per equity share for the public issue. The lot size is of 9 equity shares.

10. Chemplast Sanmar Limited:

Company Background:

Chemplast Sanmar Limited (CSL) is a specialty chemicals manufacturer in India with focus on specialty paste PVC resin and custom manufacturing of starting materials and intermediates for pharmaceutical, agro-chemical and fine chemicals sectors. CSL is the leading manufacturer of specialty paste PVC resin in India, on the basis of installed production capacity as of December 31, 2020. In addition, CSL is also the 3 rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide, each in South India region, on the basis of installed production capacity as of December 31, 2020 and one of the oldest manufacturers in the chloromethanes market in India.

Chemplast Sanmar Limited IPO Details: 

•    The issue opens on 10 August 2021 and closes on 12 August 2021.
•    The offer consists of fresh issue of equity shares aggregating up to ₹1,300 Crore and Offer for sale aggregating up to ₹2,550 Crore.
•    The price band is fixed at ₹530-541per equity share for the public issue. The lot size is of 27 equity shares.
•    GCBRLMs are Axis Capital, ICICI Securities, Credit Suisse, IIFL Securities, Ambit Pvt Ltd., BOB Capital Markets, HDFC Bank. BRLMs are Indusind Bank, Yes Securities.
 

11. Aptus Value Housing Finance India Limited

Company Background: 

Aptus Value Housing Finance India Limited (Aptus) is an entirely retail focussed housing finance company primarily serving low and middle income self-employed customers in the rural and semi-urban markets of India.

Aptus Value Housing Finance IPO Details: 

•    The issue opens on 10 August 2021 and closes on 12 August 2021.
•    The offer consists of fresh issue of equity shares aggregating up to ₹500 Crore and Offer for sale of 64,090,695 equity shares
•    The price band is fixed at ₹346-353per equity share for the public issue. The lot size is of 42 equity shares.
•    ICICI Securities, Citigroup Global, Edelweiss Financial, Kotak Mahindra Capital are the book running lead managers to the issue.
 

Disclaimer: The above report is compiled from information available on the public platforms.