- February 20, 2021
- Posted by: Umesh Paliwal
- Category: Blog
Upcoming IPOs of 2021:
IPO activity on the Dalal Street is unlikely to halt in near future. Over two dozen companies are pipelined to sweep funds from the domestic primary markets. Here are some of the mainboard companies, which have received SEBI’s go-ahead to persist with their initial offerings in coming months:
1. Anupam Rasayan
Anupam Rasayan India (ltd.) is a non government public entity eyeing to raise funds aggregating Rs. 760 crore from primary markets soon. Incorporated on 30 September 2003, it is a leading company engaged in the custom synthesis and manufacturing of specialty chemicals in India.
Gujarat based Anupam Rasayan has three sites in Surat and one site in Jhagadia, and it will add two large-scale sites in the latter. One of the new sites is devoted to multi-purpose halogenation, where it has started doing continuous chlorination, bromination and nitration.
The second site will manufacture agrochemical activities and intermediates with global standards for custom manufacturing. It has a combined aggregate installed capacity of around 23,396 metric tonne per year.
2. Kalyaan Jewelers
Founded by T.S. Kalyanraman in 1993, Kalyan Jewelers strengthened their presence in the South Indian states and is rapidly making its mark in northern and western parts of the country. Thrissur (Kerala) based company is strengthening its roots in overseas markets as well.
As of June 2020, The company had 107 showrooms across 21 states and Union Territories in India. It has over 30 showrooms in middle east countries including UAE, Qatar, Kuwait and Oman. The estimated IPO size of the jewelry maker is expected to be Rs 1,750 crore.
Kalyan Jewelers designs, manufactures and sells a wide range of gold, studded and other jeweler products. The company also has strong roots in the textile trading, distribution and wholesale business.
3. Craftsman Automation
Auto component maker Craftsman Automation is expected to go public soon. Craftsman Automation Limited Started the Journey in the Year 1986 in Coimbatore, Tamil Nadu. Now, the company has satellite units across India namely Pune, Faridabad, Pithampur, Jamshedpur, Bengaluru, Sriperumbudur and Chennai.
It is a leading engineering organization engaged in the manufacturing of precision components. It is engaged in manufacturing facilities including state of the art equipment, engineered layout with process controls and necessary automations for quality and productivity.
Its manufacturing facilities include aluminum foundries, pressure dies casting facilities, machining and allied facilities, heat treatment, fabrication, and assembly facilities. It is the largest player involved in the machining of cylinder blocks and cylinder heads in the medium and heavy commercial vehicles category.
4. Aadhar Housing Finance IPO
Aadhar Housing Finance (ltd.) is a leading housing finance company (HFC) to hit primary markets soon to raise funds from public investors. Backed by Blackstone group, it was incorporated in 2010 as DHFL Vysya. The name was changed to Aadhar Housing Finance in 2017.
Blackstone had acquired about 98% stake in Aadhar in June 2019, which brags pan India presence. The buyout included the entire stake held by the then controlling shareholders – Wadhawan Global Capital and Dewan Housing Finance Limited (DHFL).
The shadow lender is one of the largest affordable housing finance companies in India servicing the home financing needs of the low income sections of the society. It provides financing solutions to all segments of customers whose monthly income is between Rs. 5000 to Rs. 50,000 and above.
5. Laxmi Organics
Laxmi Organic Industries is a specialty chemical manufacturer, focused on acetyl Intermediates and specialty Intermediates. Mumbai based company caters to diverse end-market sectors like pharmaceuticals, agrochemicals, food packaging, pigments and coatings.
The three decade old company is likely to raise Rs 750-800 crore from primary offering as the investors have a distinct knack for specialty chemical business. Its key work locations are in Maharashtrian cities of Mahad, Satara, Kolhapur.
It is among the largest manufacturers of ethyl acetate in India with a market share of approximately 30%. The company has global presence with customers in over 30 countries including China, the Netherlands, Russia, Singapore, United Arab Emirates, the UK and the US.
6. ESAF Small Finance Bank
ESAF Small Finance Bank, erstwhile ESAF Microfinance is a domestic small finance bank providing banking services and small loans to underbanked sections in India. Started as NGO in 1992, Evangelical Social Action Forum was abbreviated to ESAF as an non-banking microfinance company, licensed by Reserve Bank of India (RBI).
Thrissur (Kerala) headquartered entity turned into a small finance bank in March 2017. As on 31st March 2020 ESAF Small Finance Bank has 454 banking outlets spread across 17 States and one Union Territory.
Within a short period of just 4 years, the lender with a ‘small’ in its name has managed to quickly grow bigger in size and strength. ESAF Small Finance Bank currently has over 400 branches across the country and more than 4,000 employees.
The total issue size of the ESAF IPO stands at around Rs. 976.24 crores. Key investors like Bajaj Allianz Life Insurance Company and PI Ventures are likely to reduce their stake in the primary issue.
7. Annai Infra Developers
Annai Infra Developers is a company engaged in Engineering, Procurement and Construction (EPC) activities of water management. The Tamil Nadu based entity was incorporated in November 2008. The company is likely to float an primary issue aggregating up to Rs 225 crore.
It is also engaged in irrigation projects such as building of dams, laying of pipelines, integrated storm water drains, wastewater treatment plants, developing drainage systems, lift irrigation, drip irrigation, reservoirs, canals, installation of irrigation pipelines, etc.
8. Bajaj Energy
Bajaj Energy is one of the largest private-sector thermal generation companies in Uttar Pradesh. The company has a total gross installed capacity of 2,430MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by Bajaj Energy (BEL) and 1,980 MW from the power plant owned and managed by Lalitpur Power Generation Company (LPGCL).
The company intends to raise Rs 5450 crores. The offer comprises a fresh issue worth ₹5,150 crore and an offer-for-sale (OFS) of shares up to ₹300 crore by Bajaj Power Ventures. The proceeds of the issue to acquire the remaining 79.31% stake in LPGCL.
National Commodity & Derivatives Exchange Limited (NCDEX) is a Mumbai-based online commodity exchange based in India founded in 2003. It has an independent board of directors and provides a commodity exchange platform for market participants to trade in commodity derivatives.
The Exchange has a broad based bouquet of permitted commodities aggregating to a total of 23 (which is also the highest), and includes commodities such as pulses, spices and guar, which are not traded on any platforms in the global scenario, and are economically relevant to India. The bourse is likely to mop-up Rs 500 via its primary issue.
The NSE holds 15% stake in NCDEX, followed by LIC and NABARD at 11.10%; IFFCO and Oman India Joint Investment Fund 10% each; and Punjab National Bank holds 7.29%. NCDEX will become the second commodity bourse exchange in India to be listed after MCX. It has offices in Mumbai, Delhi, Ahmedabad, Indore, Hyderabad, Jaipur, and Kolkata.
10. SAMHI Hotels
Hotel industry is amongst the worst hit sectors by Covid-19 pandemic, likely to push the initial public offering (IPO) aggregating up Rs. 2,000 crore by SAMHI Hotels for the later of year.
As of 30 June, 2019, SAMHI Hotels had acquired 25 hotel assets, of which 23 were operational. The company has a long-standing relationship with three leading hotel operators –Marriott, IHG and Hyatt. The company relies on third parties for the quality of services at its hotels and the hotels are operated under the brands of third party operators.
Delhi based SAMHI Hotels counts billionaire entrepreneur Sam Zell’s Equity International, World Bank arm International Finance Corporation, GTI Capital and Goldman Sachs as its key investors.