July 2021 was an excellent month in terms of the number of IPOs that hit the stock market. And experts believe that the month of August is likely to continue the good run of upcoming IPOs. Currently, around 2 mainboard upcoming IPOs in August 2021 are scheduled to hit the market, with more to come as we progress through the month. Our new IPOs in August 2021 calendar can help you keep track of the latest updates in the IPO market. Here’s what you need to know.
- Upcoming IPOs in August 2021
The opening and closing dates of a public issue are some of the most important details that you need to first know about. And so, let’s quickly take a look at them before we get into the other details.
Hope you’ve now gotten a fair idea of the IPO list in August. Here are some of the details of the companies and their public issues that you need to know.
1. Windlas Biotech
Considering the demand for pharmaceutical companies, Windlas Biotech, a pharmaceutical formulation manufacturer, is planning to introduce its public issue in the month of August. The company is looking to raise funds to expand its manufacturing facility and capacity to be able to cater to higher demands. The upcoming IPO would be worth Rs. 401.54 crores, with the price band being from Rs. 448 to Rs. 460 per equity share.
2. Devyani International
Another one of the forthcoming IPOs in August 2021 is from Devyani International. The company is a well-known Quick Service Restaurant (QSR) operator and happens to be the largest franchise of Yum Brands. Devyani International holds the franchise rights for multiple fast food brands including KFC, Pizza Hut, and Taco Bell, among others. The company is looking to raise around Rs. 440 crores via this public issue.
- Other expected upcoming IPOs in August 2021
Many IPOs that were expected to hit the stock market in July 2021 didn’t materialize. Now, market experts suggest that the companies may attempt to come out with their public issues in August, 2021 instead. And so, let’s take a quick look at the possible upcoming IPOs in August 2021.
Conclusion
The above two public issues - Windlas Biotech and Devyani International are the ones that are confirmed to materialize in the month of August, 2021. If the past few months are anything to go by, we can expect more companies to come out with their very own IPOs in August. As always, you can count on us to keep you updated on new and upcoming IPOs. You can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
That said, if you wish to invest in any of the above IPOs, having a demat account is mandatory. If you don’t have one already, we suggest visiting our website to open one online within minutes.
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