Fresh coming IPO in March 2021

 IPO in March 2021

Upcoming IPOs

1. Anupama Rasayan : Need Online Demat: OPEN DEMAT NOW

Specialty chemical company Anupam Rasayan has filed preliminary papers with markets regulator Sebi to raise Rs 760 crore through an initial public offering. Proceeds of the issue would be used mainly for repayment of debt, the company said in the draft red herring prospectus (DRHP).

Surat-based company has decided to reserve a portion for its employees and may consider a discount for eligible staff.

Anupam Rasayan commenced operations in 1984 with conventional products and now it makes speciality chemicals that involve multi-step synthesis and complex chemistries. It has six multi-purpose manufacturing facilities based in Gujarat with a combined aggregate installed capacity of around 23,396 metric tonne, of which 6,726 metric tonne was added in March 2020.

The company mainly caters to the agrochemical, personal care and pharmaceutical sectors, which accounted for over 95 per cent of its revenues in 2019-20. Its clients include Syngenta Asia Pacific, Sumitomo Chemical Company and UPL Limited.

2. Laxmi Organics : Need Online Demat: OPEN DEMAT NOW

In the season of IPOs, Laxmi Organics, a leading manufacturer of acetyl intermediates and specialty intermediates, could be the newest entrant. The initial public offering consists of a fresh issue of Rs 500 crore and an offer for sale of Rs 300 crore by promoter Yellow Stone Trust. The Mumbai-based speciality chemicals manufacturer, which started as a manufacturer of acetaldehyde and acetic acid in 1992, has transformed into the largest manufacturer of ethyl acetate in India. Laxmi Organics has a diverse product portfolio into varied chemistries in specialty intermediates and has an encapsulated market share of approximately 30 percent of the Indian ethyl acetate market and approximately 55 percent of the diktene derivatives market. The company has expanded its scale of operations and has a global presence with customers in more than 30 countries including China, Netherlands, Russia, Singapore, United Arab Emirates, United Kingdom and United States of America.

3. Craftsman Automation : Need Online Demat: OPEN DEMAT NOW

Auto component maker Craftsman Automation has received capital market regulator Sebi's go-ahead to float an initial public offer (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 45,21,450 shares by promoter and existing shareholders, Those offloading shares in the offer-for-sale are Srinivasan Ravi, K Gomatheswaran, M ..

4. Suryoday Small Finance Bank : Need Online Demat: OPEN DEMAT NOW

“The bank has shown superior growth over the years with a strong recovery ratio. We find it better than recently listed or other unlisted peers," Singh said. "Robust liquidity and strong market sentiments will add to the attractiveness of the company." Suryoday SFB generated Rs 854 crore revenue in FY20 compared with Rs 599.25 crore in FY19 and clocked profit after tax (PAT) of Rs 110 crore in FY20 compared to Rs 86.6 crore in the previous year. However, gross NPA surged to 2.79 per cent from 1.81 per cent during this period. The IPO comprises fresh issuance of 1,15,95,000 equity shares and an offer for sale of up to 84,66,796 shares by existing shareholders, draft papers filed with Securities and Exchange Board of India (Sebi) showed. Investors that would be offering their shares through the OFS (offer for sale) route include International Financial Corporation (IFC), Gaja Capital, HDFC Holdings, IDFC First Bank, Kotak Mahindra Life Insurance Company, DWM (International) Mauritius and Americorp Ventures. Abhay Doshi, Founder of Unlistedarena.com, said the bank is backed by strong investors and parentage. “Alongside, the management quality is very strong, which is what makes it a decent value pick,” he said. The bank's net worth as on March 31, 2020 stood at Rs 1,066 crore, up 21 per cent from the year-ago period. The company had a net worth of Rs 880 crore last year. Deposits have gone up from Rs 1,593 crore in FY19 to Rs 2,848 crore in FY20.

5 Barbeque Nation : Need Online Demat: OPEN DEMAT NOW

Casual dining chain Barbeque Nation Hospitality has received markets regulator Sebi's approval to raise about Rs 1,000-1,200 crore through an initial public offering. The IPO comprises a fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 98,22,947 equity shares, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). The company may consider a pre-IPO placement to the tune of Rs 150 crore. Proceeds of the issue will be utilized to repay an outstanding borrowing of ₹205 crore in part or full and for general corporate purposes. The company is promoted by Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani and is backed by private equity firm CX Partners, which made its first investment in 2013 and again in 2015. According to market sources, the IPO size will approximately be between ₹1,000 crore-1,200 crore.

6. Monte Carlo : Need Online Demat: OPEN DEMAT NOW

Incorporated in 1984, Monte Carlo Fashions Limited is the leading apparel brand in India; especially famous for exclusive woolen brand 'Monte Carlo'. Company cater to the premium and mid-premium branded apparel segment for men, women and kids, offering a comprehensive line of woolen, cotton and cotton-blended knitted and woven apparel and home furnishings through our 'Monte Carlo Exclusive Brand Outlets' and multi brand outlets, including a network of national chain stores under the 'Monte Carlo' brand. Monte Carlo has 190 Monte Carlo Brand Outlets in India; out of which 80 are owned by the company and the rest are franchisees. Monte Carlo operates 2 manufacturing facilities in Ludhiana, one for our woolen apparel products and one for our cotton apparel products. A Mauritius based private equity firm acquired acquired a stake in Monte Carlo in June 2012. Samara Capital currently holds 18.51 per cent of the pre-offer capital of the company.

7. Kalyan Jewellers: Need Online Demat: OPEN DEMAT NOW

Kerala-based Kalyan Jewellers is likely to hit the primary market in March to raise Rs 1,750 crore from the general public. The jewellery showroom chain had received SEBI's approval on October 15.Kalyan Jewellers is one of the most anticipated IPOs to get launched as there are only few jewellery makers listed in the market. Given the robust liquidity in the current scenario coupled with favourable valuations, recent corporate earnings and trends of recovery, analysts expect a strong response for Kalyan Jewellers.The IPO would consist of a fresh equity issue of Rs 1,000 crore and an offer for sale (OFS) worth Rs 750 crore, according to the DRHP.Promoters' offloading: Through OFS, the company promoter T S Kalyanaraman would be offloading shares worth up to Rs 250 crore, while Highdell Investment would sell up to Rs 500 crore worth of its investment.While Kalyanaraman owns 27.41 per cent in the company, the other promoters are his sons TK Seetharam and TK Ramesh own 22.17 per cent stake each in the jeweller.Company background: Founded in 1993, the jewellery retailer has a strong brand presence in India. In total, it has 200 plus outlets, both in India and abroad. At the end of June, 2020, the company had 107 showrooms across India and 30 showrooms in the Middle East.Kalyan Jewellers is the biggest retail offer in the last three years. In March 2017, DMart launched its Rs 1,870 crore IPO, which was the biggest retail share offering.

8. Nazara Technologies Limited: Need Online Demat: OPEN DEMAT NOW

Established in the year 1999 in Mumbai, Nazara Technologies Limited is a company that’s actively involved in game development. Some of the company’s well-known games include Chhota Bheem, Motu and Patlu, and the World Cricket Championship. With this upcoming IPO, Nazara Technologies Limited is hoping to become the first ever game developing company to have listed its shares in the stock exchanges. The company’s operations include the subscription business model, freemium business model, and esports business model. All three of the company’s business models enjoy a high-rate of monthly visitors ranging in the millions. Nazara Technologies Limited managed to generate a healthy ad revenue from its freemium business model to the tune of around Rs. 39.83 million in the year ended 2017.Considering the rapid increase in mobile gaming in India, Nazara Technologies Limited is well-poised to take advantage of the growing Indian gaming industry.

Disclaimer Investments in securities market are subject to market risks. Read the documents carefully before any investments and take your financial advisor assistance before making any decisions.