Upcoming IPOs in July 2021 – Get ready for the IPO surge

Data Source: SEBI Filings

Here is a quick look at the big IPOs in July 2021.

1. Vijaya Diagnostics will raise Rs.2,000 crore via offer for sale. Vijaya is backed to the extent of 40% by Kedaara Capital. Vijaya is looking to capitalize on the tremendous response to the KIMS IPO and the positive sentiments surrounding healthcare.
    

2. Glenmark Life Sciences is the API arm of Glenmark hived off via an IPO. The company has aggressive expansion plans and it will look to capitalize on the huge global demand for active pharma ingredients (APIs) in the post pandemic scenario.
    

3. Nuvoco Vistas, the cement arm of Nirma, will raise Rs.5,000 crore. Nuvoco combined the cement interests of Nirma and added Lafarge India operations plus Emami Cements to it. Cement IPOs are in the limelight for robust demand and solid pricing power.
    

4. Aadhar Housing Finance will use the Rs.7,300 crore IPO to give an exit to Blackstone, which owns over 98% in Aadhar Housing. The company is focused on low income home loan borrowers, which is one of the fastest growing segments in home loan business.
    

5. Car Trade, an online digital trading platform for cars, will also come out with an IPO worth Rs.2,000 crore; structured as an offer for sale. Digital stocks are grossly under-represented in Indian market. The scarcity value will be the big story for Car Trade.
    

6. If all goes well, Go Air plans to raise Rs.3,600 crore via the IPO route to bankroll its recovery and expansion plans. Aviation stocks have had a rough 18 months with deep losses. However, the scarcity value will still work in favour of Go Air.

The first of the mega issues; the Rs.9,375 crore IPO of Zomato open 14 July and closes 16 July. Obviously, other IPOs are waiting for the Zomato IPO to test waters. If the response is rock solid, expect a lot more IPOs to get front-ended to July 2021. Get ready for the surge!