Six IPOs coming to raise Rs 18,000 crore, keep funds ready

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The month of March 2021 saw eight companies listing on the bourses primarily driven by upbeat market conditions. April is going to witness a similar trend in the primary markets as six companies plan to raise around Rs 18,000 crore through the initial public offer (IPO) route. Here is the list of upcoming IPOs:

Macrotech Developers: Erstwhile Lodha Developers, Macrotech Developers Ltd’s public offering is set to open on April 7 and close on April 9. The issue price has been fixed at ₹483-₹486 per share. The firm aims to raise Rs 2,500 crore through the offering.

Dodla Dairy: Hyderabad-based Dodla Dairy is going to raise Rs 800 crore through IPO. The public issue comprises a fresh issue of up to Rs 50 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 nod to raise Rs 600 crore through an initial share sale. The public issue comprises a fundraise via fresh issue amounting to Rs 400 crore, and an offer for sale aggregating up to Rs 200 crore, according to the draft red herring prospectus filed.

Sona BLW Precision Forgings (Sona Comstar): The Blackstone-backed auto parts supplier plans to raise Rs 6,000 crore through an initial public offering (IPO). As per reports, the issue consists of a fund-raiser through fresh issue amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc.

Aadhar Housing Finance: Another firm backed by private equity firm Blackstone, Aadhar Housing Finance Ltd had filed draft papers for a Rs 7,300 crore initial public offering (IPO). The company will issue fresh shares worth Rs 1,500 crore through the IPO, while Blackstone will sell existing shares worth Rs 5,800 crore, Aadhar’s draft red herring prospectus showed.

KIMS Hospitals: Krishna Institute of Medical Sciences has filed preliminary papers to raise Rs 700 crore through an initial share sale. It comprises a fresh issue of shares aggregating up to Rs 200 crore and an offer for sale of up to 21,340,931 equity shares from promoters and existing shareholders, according to the draft red herring prospectus filed.