List of upcoming IPOs: These 6 companies to raise over Rs 11,000 crore by August-end

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Six companies including Xxaro Tiles, Nuvoco Vistas, Cartrade, Arohan Financial, Rolex Rings and Glenmark Life Sciences may hit the market with their initial share sale by August-end to raise over Rs 11,200 crore cumulatively. These companies are expecting to benefit from an equity market, which is swarmed with liquidity and a sharp increase in the number of new retail investors.

In the recent development, online food delivery firm Zomato and Tatva Chintan Pharma have received a robust response from investors in the primary market. Where the former got subscribed over 38 times, the latter managed to subscribe over 180 times. Shares of Zomato rallied nearly 65% on the listed day on July 23. On the other hand, Tatva Chintan Pharma is trading at a premium of around 100% in the grey market, indicating a robust list of the stock on July 29.

Glenmark Life Sciences and Rolex Rings are set to launch their IPOs on July 26 and July 28, respectively. Here’s all you need to know about upcoming IPOs:

Glenmark Life Sciences

The company has fixed a price band of Rs 695-720 a share for its public offer. The three-day IPO will open on July 27 and conclude on July 29. Proceeds from the fresh issue will be used towards the payment of outstanding purchase consideration to the promoter for the spin-off of the API business and for funding the capital expenditure requirements. The company is likely to raise Rs 1513.60 crore at the upper price band.

Rolex Rings

The Rs 731 crore IPO of auto ancillary major is set to hit the street on July 28. The price band for the Gujarat based company has been fixed at Rs 880-900 per share. Investors can bid for a minimum of 16 equity shares and in multiples, thereafter, translating to a minimum bidding amount of Rs 14,400 at the higher end of the price band. A retail investor can at max apply for 13 lots or 208 shares for Rs 1,87,200.

Exxaro Tiles

Exxaro Tiles, a leading manufacturer of vitrified tiles, last month Sebi’s nod to raise around Rs 200 crore through an initial share sale. The public offer of up to 1.34 crore equity shares will comprise a fresh issue of up to 1.12 crore equity shares and an offer for sale of up to 22.38 lakh equity shares by Dixitkumar Patel.

Nuvoco Vistas

The Nirma Group’s Nuvoco Vistas Corporation in June received capital the markets regulator go-ahead to raise Rs 5,000 crore through an initial share sale. The IPO comprises a fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise.

CarTrade

Founded in 2009, CarTrade is backed by marquee investors like Warburg Pincus, Temasek, JP Morgan and March Capital. The company may launch its IPO next month to raise around Rs 2,000 crore from the IPO market. The initial public offer will be entirely an offer for sale (OFS) of 12,354,811 equity shares.

Arohan Financial Services

Microfinance player Arohan Financial Service may also hit the primary market in August to raise around Rs 1,800 crore from the primary market.