The year 2021 is witnessing the most exciting period for the Indian Stock Market, thanks to the new-age tech start-ups and multinational enterprises going public. It all started with Barbeque Nation in April 2021; and then the list continued. With Zomato going public in June 2021, the scenario changed throughout. Its exorbitant performance cemented investor’s trust in the new-age companies and there began a quest of companies to go live with their Initial Public Offerings (IPO). And here we are into the eleventh month of this calendar year! Let’s learn which companies are planning to go live with their IPOs in November 2021.

• Upcoming IPOs in November 2021

Two of the most important details of upcoming IPOs that you absolutely need to know are the opening and closing dates. Therefore, let’s quickly take a look at them. 

Sr No	Name of the Company	Opening Date	Closing Date
1	Fincare Small Finance Bank Limited	To be announced	To be announced
2	Lava International Limited	To be announced	To be announced
3	Penna Cement Industries Limited	To be announced	To be announced
4	Start Health and Allied Insurance Limited	To be announced	To be announced
5	Ruchi Soya Industries Limited	To be announced	To be announced

Now that you’re acquainted with the list of IPOs in November 2021, here are some of the details of the companies and their public issues.

1. Fincare Small Finance Bank Limited

Headquartered in Bengaluru, Fincare Small Finance Bank is a micro-financing bank, which provides a wide range of banking services to its customers numbered over 25 lakhs. As of FY 20-21, Fincare Small Finance Bank is considered to be the best small finance bank having the best ROA and ROE. The loan book for the bank witnessed an incredible upside growing to Rs 5547.58 Crores from Rs 2154.37 in just two years. According to the Red Herring Prospectus filed by the company, the total issue size of the latest IPO of Fincare Small Finance Bank Ltd is expected to be around Rs 1330 crores. The IPO will consist of a fresh issue of Rs 330 crores and the offer for sale will stand at Rs 1000 crore.

2. Lava International Ltd

The Made in India mobile handset manufacturing and solutions designing company - Lava International Ltd is finally going live with its IPO. Founded in the year 2009, as an offshoot of a telecommunications venture, Lava soon entered the mobile and electronic devices manufacturing sector, operating in and around more than 7 countries. According to the Red Herring Prospectus filed by the company, the total issue size of the latest IPO of Lava International Ltd is expected to be around Rs 500 crores.

3. Penna Cement Industries Limited

Penna Cement Industries is one of the largest privately held cement companies in India and a leading integrated cement player in terms of cement production capacity, as of March 31, 2021, with a strong brand recall in the southern and western states of India. According to the Red Herring Prospectus filed by the company, the total issue size of the IPO is expected to be around Rs 1550 crores.

4. Star Health and Allied Insurance Limited

Start Health and Allied Insurance Company Ltd is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in Fiscal 2021, according to CRISIL Research. In Fiscal 2021, the company had a total GWP of ₹93,489.50 million. From being the first standalone health insurance (“SAHI”) company established in India in 2006, the company has grown into the largest SAHI company in the overall health insurance market in India. The total issue size of the latest IPO of Start Health and Allied Insurance Ltd is expected to be around Rs 2000 crores. The IPO number comprises a complete Fresh issue. However the offer price for sale of 60 million shares is yet to be declared.

5. Ruchi Soya Industries Limited

The company is a diversified FMCG and FMHG focused company, with strategically located manufacturing facilities and well recognised brands having pan India presence. Ruchi Soya Industries Ltd is one of the largest FMCG companies in the Indian edible oil sector and one of the largest fully integrated edible oil refining companies in India. For the nine-months period ended December 31, 2020 the revenue from operations and other income stood at Rs 11,52,347.56 lakhs. The total issue size of the follow-on IPO of Ruchi Soya Industries Ltd is expected to be around Rs ₹ 4,30,000 lakhs. The issue will comprise a mix of both fresh and an offer for sale.

• Other expected IPOs in November 2021

The ones you read above aren’t the only IPOs coming out in November 2021. There are certain others still in the pipeline! Let’s take an overview of those!

Sr No	Name of the company	Opening Date	Closing Date
1	Go Airlines Limited	To be announced	To be announced
2	Seven Islands Shipping Limited	To be announced	To be announced
3	Aadhar Housing Finance Limited	To be announced	To be announced
4	Ixigo - Le Travenues Technology Limited	To be announced	To be announced
5	Paradeep Phosphates Limited	To be announced	To be announced

 

Conclusion

So, now that you have the list of upcoming IPOs going live in the month of November 2021, make yourself investment-ready and get the opportunity to invest in some new-age technology-empowered companies. But before you decide to invest, ensure that you have an online trading and Demat Account with a SEBI registered stockbroker!

If you are a new investor, open a Demat account with us.

If you already have a Demat Account with Motilal Oswal, make sure you check out this page for more updates on the IPO calendar. Stay tuned!