The IPO pipeline for July is getting more hectic by the hour. There are 7 key companies that already have the SEBI approval and are possibly setting up for a July launch. Here is a quick look at all the new issues that may be launched in over next two weeks.
NSDL IPO
This is perhaps the most anticipated IPO since the SEBI approval in October, last year. The NSDL IPO is a Rs 3,000 crore IPO and the unlisted share prices had seen significant traction. However, given the price band for HDB Financial Services IPO was at a significant discount, the share price of NSDL’s unlisted shares have also come off its 52-week highs. NSDL features prominently in the list of the major depositories in the country. It will be an offer for sale and IDBI Bank and National Stock Exchange (NSE), the biggest shareholders, would be selling their stakes. IDBI Bank owns 26.10% of NSDL while NSE owns 24% of the NSDL.
LG Electronics India IPO
This will be the largest IPO by a Korean manufacturer after the Hyundai IPO last year. The LG Electronics India IPO is a Rs 15,000 crore issue and will feature prominently in the list of the top 5 IPOs in last 20 years. A book-built issue, it is likely to value the company’s Indian subsidiary at $13 billion. Primarily an offer for sale by the parent company, there is no mention of any fresh issue.
JSW Cement IPO
Another talked about IPO that’s been making headlines is the JSW Cement IPO. This Rs 4,000 crore issue is a combination of offer for sale and a fresh issue of shares worth Rs 2,000 crore. A 100% book-built issue, JSW Cement IPO is likely to be launched in the next two weeks. The company has already started roadshows in June.
Hero FinCorp IPO
Another key financial IPO to watch out for – the Hero FinCorp issue also likely to be launched in July. The financial arm of two-wheeler major Hero Fincorp has got the SEBI nod for its Rs 3,668.13 crore IPO. It is likely to be a combination of OFS and fresh issue and after the HDB Financial IPO, it is set to be another large IPO in the financial space.
BlueStone IPO
This jewellery and lifestyle brand filed its draft red herring prospectus in December, last year. The issue will be a combination of an offer for sale and fresh issue of Rs 1,000 crore. One of the first jewellery brands to offer digital first shopping experience to users, it has got the final nod from SEBI in April.
Greaves Electric Mobility
One of the marquee electric two-wheeler and three-wheeler makers in India, the company has got the SEBI nod for a Rs 1,000 crore IPO. The IPO will also have an offer-for-sale component comprising of nearly 19 crore shares. The company’s promoters and key investors like Abdul Latif Jameel Green Mobility Solutions would be offloading stake.
GK Energy IPO
Another issue that’s likely to fire up July is the GK Energy IPO. This 500 crore issue has got the SEBI approval in April and will be primarily offer for sale. The company offers EPC (engineering, procurement and commissioning) services for solar-powered agricultural water pump systems. It facilitates end-to-end single source solution for farmers.