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

12th December 2022 - 03:23 pm

The IPO business started a tad late in July. We are well into the third week of July and only 2 IPOs have been completed. The Rs.963 crore IPO of GR Infraprojects and the Rs.1,547 crore IPO of Clean Science and Technologies; both got subscribed over 90 times.

But the Zomato IPO opening on 14 July could set the trend for a string of IPOs in July. Here is a look at the big IPOs expected to open for subscription in the July 2021.

Upcoming IPOs in July 2021 – Some real big IPOs in the offering

IPO Issuer	Sector	Fresh Issue	Offer for Sale	Issue Size
Tatva Chintan Pharma IPO	Specialty Chemicals	Rs.225 crore	Rs.275 crore	Rs.500 crore
Seven Islands Shipping IPO	Logistics	Rs.400 crore	Rs.200 crore	Rs.600 crore
Ami Organics IPO	Chemicals	Rs.300crore	Rs.350 crore	Rs.650 crore
Arohan Financial IPO	Microfinance	Rs.850 crore	Rs.950 crore	Rs.1,800 crore
Shriram Properties IPO	Real Estate	Rs.250 crore	Rs.550 crore	Rs.800 crore
Utkarsh SFB IPO	Small Finance	Rs.750 crore	Rs.600 crore	Rs.1,350 crore
Glenmark Life Science IPO	Pharmaceuticals	Rs.1,160 crore	Rs.540 crore	Rs.1,700 crore
Vijaya Diagnostics IPO	Healthcare	-	Rs.2,000 crore	Rs.2,000 crore
Nuvoco Vistas IPO	Cement	Rs.1,500 crore	Rs.3,500 crore	Rs.5,000 crore
Aadhar Housing IPO	Home Finance	Rs1,500 crore	Rs.5,800 crore	Rs.7,300 crore
Car Trade IPO	Ecommerce	-	Rs.2,000 crore	Rs.2,000 crore
Penna Cement IPO	Cement	Rs.1,300 crore	Rs.250 crore	Rs.1,550 crore
Go Air IPO	Aviation	Rs.3,600 crore		Rs.3,600 crore
Zomato IPO	Ecommerce	Rs.9,000 crore	Rs.375 crore	Rs.9,375 crore
Rolex Ring	Auto Ancillary	Rs.70 crore

Data Source: SEBI Filings

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

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.
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.
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.
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.
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.
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!