Even when the COVID-19 pandemic was raging in 2020, the Indian IPO market defied all odds. As many as 43 different companies launched their Initial Public Offers in 2020, with 42 of them being successful. What’s even more interesting is that the momentum seemed to continue even as we stepped into the year 2021.
As we now enter the month of June, 2021, the number of upcoming IPOs are again witnessing an uptick. Around 8 different companies from both the regular and the SME segments have lined up with their initial public offerings. Considering the huge number of upcoming IPOs in June 2021, it can get quite tough for you to keep track. But don’t worry, we can help you out with that. Continue reading to find out how.
Upcoming IPOs in June, 2021
Here’s a list of IPOs along with their opening and closing dates that are likely to see the light in June, 2021.
Name of the company
|
Opening date of the IPO
|
Closing date of the IPO
|
Abhishek Integrations Limited
|
June 8, 2021
|
June 11, 2021
|
Shyam Metalics and Energy Limited
|
June 14, 2021
|
June 16, 2021
|
Sona BLW Precision Forgings Limited
|
June 14, 2021
|
June 16, 2021
|
Navoday Enterprises Limited
|
June 14, 2021
|
June 17, 2021
|
Dodla Dairy Limited
|
June 16, 2021
|
June 18, 2021
|
Krishna Institute of Medical Sciences Limited
|
June 16, 2021
|
June 18, 2021
|
Adeshwar Meditex Limited
|
June 15, 2021
|
June 18, 2021
|
Times Green Energy (India) Limited
|
June 16, 2021
|
June 22, 2021
|
India Pesticides Limited
|
June 23, 2021
|
June 25, 2021
|
Now that you’ve seen the list, let’s take a very brief look at the companies that are planning to come out with an IPO in June.
1. Abhishek Integrations Limited
A Gujarat-based government contractor, Abhishek Integrations Limited, is a company operating in the Small and Medium Enterprises (SME) sector. The issue size of its new IPO in June 2021 is around 9,90,000 equity shares and the IPO price has been fixed at Rs. 50 per share. This company is likely to gain around Rs. 4.95 crores from this issue.
2. Shyam Metalics and Energy Limited
One of India’s largest metal producers, Shyam Metalics and Energy Limited has come up with an IPO worth Rs. 909 crores. The IPO price band that the company has fixed is from Rs. 303 to Rs. 306 per share.
3. Sona BLW Precision Forgings Limited
Sona BLW Precision Forgings is an automobile component manufacturer based in New Delhi. The issue size of this upcoming IPO in June 2021 is around Rs. 5,550 crores, making it the biggest public issue of this month. The company has also notified the IPO price band as Rs. 285 to Rs. 291 per share.
4. Navoday Enterprises Limited
Navoday Enterprises Limited was incorporated in 2007 and is involved in multiple businesses such as advertising and marketing, management and financial consultancy, and component supply and support services. The total issue size of this SME IPO is around Rs. 4.61 crores, with the IPO price fixed at Rs. 20 per share.
5. Dodla Dairy Limited
One of the largest dairy companies in South India, Dodla Dairy Limited’s new IPO in June 2021 has an issue size of about Rs. 520 crores. The company has also notified the IPO price band as Rs. 421 to Rs. 428 per share.
6. Krishna Institute of Medical Sciences Limited (KIMS)
Operating in the states of Andhra Pradesh and Telangana, KIMS is a healthcare group providing multiple different services. The issue size of this upcoming IPO in June 2021 is around Rs. 2,143.74 crores, with the IPO price band being Rs. 815 to Rs. 825 per equity share.
7. Adeshwar Meditex Limited
Another pharmaceutical supplies manufacturer, Adeshwar Meditex Limited was incorporated in 2007 in the state of Maharashtra. The company is looking to sell around 39,00,000 equity shares for around Rs. 9.75 crores through this IPO. The share price of the IPO has been notified as Rs. 25 per share.
8. Times Green Energy (India) Limited
Times Green Energy (India) is involved in agriculture and women hygiene and safety business verticals. The total issue size of this IPO is around 6,64,000 equity shares worth Rs. 4.05 crores. The IPO price as notified by the company is Rs. 61 per equity share.
9. India Pesticides Limited IPO
Having commenced its operations back in 1984, India Pesticides has grown to earn the title of one of India’s fastest growing companies in terms of volume in FY 2020. According to the Draft Red Herring Prospectus, the total issue size of the latest IPO of the company comes up to around Rs. 800 crores. The company has set a nominal price band of Rs. 290 to Rs. 296 per equity share.
Conclusion
These are some of the few upcoming IPOs 2023 that are about to hit the Indian stock market in the month of June, 2021. Having a demat account is essential to be able to invest in IPOs such as the ones above. Get in touch with Motilal Oswal right now to open a demat account online for free.
With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
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