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Initial Public Offering or IPO is the action by which unlisted companies mark their debut on the stock markets. This is the time that the company has decided to raise money from the public through the stock exchanges. 

Many investors aim to buy shares of fairly valued companies during their IPOs. 

The primary source of information in such a process is the DRHP or the Draft Red Herring Prospectus – a document which the company prepares detailing its financial position, day to day operations, risks and strengths and many more things that an investor may wish to know. 

If you have been wondering which IPOs have taken place so far in 2021 and which ones are to take place in the near future, here’s the information:

The following list includes the new upcoming IPO

UPCOMING IPO Tentative Issue Size (in Rs Crores)* Tentative Date* Important details
LIC 70,000 2021-22 10% of shares are proposed to be alloted to existing LIC policyholders.  This is one of the most awaited upcoming IPO 2021.
Nykaa 525 + Offer for sale (OFS) 2021-22 SEBI recently gave its approval to the IPO 

Fresh issue worth Rs 525 crore and an OFS of over 4.3 crore equity shares

Fincare Small Finance Bank 1,330 2021 Issue of fresh shares worth Rs 330 crore and an OFS of up to Rs 1,000 crore from promoter Fincare Business Services Ltd.
Bajaj Energy 5,450 2021 The proceeds from the IPO will be used to acquire Lalitpur Power Generation Company (LPGCL) 
Studds Accessories 98 + OFS 2021 Around 4 lakh equity shares of the company are likely to be offered to the public through the OFS.
Apeejay Surrendra Park Hotels 1,000 2021 Fresh issue of up to Rs 400 crore and an offer-for-sale (OFS) of up to Rs 600 crore
Annai Infra Developers 200-250 2021 The company is engaged in the business of water management and irrigation EPC segment.
GoAir 3,600  2021 The airline has rebranded itself as ‘Go First’

It also plans to raise up to Rs 1,500 crore by way of a pre-IPO placement. This is one of the upcoming IPO in India for airline Industry.

Paytm 16,600  October 2021  Rs 12,000 crore fresh issue and Rs 4,600 crore as offer for sale from the existing investors. 
Shriram Properties 800 2021 Shriram Properties is one of the five largest residential real estate companies in India.
Aadhar Housing Finance 7300 2021 The company has a network of 292 branches spread across 20 states and UTs.
Mobikwik 1900 September 2021 Mobikwik recently turned into a unicorn – a startup with equal to or over $1 billion valuation. This is expected to be a latest upcoming IPO.
Policybazaar 6000 2021 PB Fintech is the parent company of Policybazaar. 

PB Fintech also launched Paisabazaar in 2014. This is also a new upcoming IPO.

Ola 7300 2022 Ola’s IPO may result in the company achieving a valuation at the tune of $12-14 billion. 
Fincare Small Finance Bank 1330 2022 The bank aims to utilise the net proceeds towards augmenting its Tier-1 capital base to meet future capital requirements.
Supriya Lifescience 1200 The IPO consists of an OFS of shares worth up to Rs 1,000 crore held by its promoter Satish Waman Wagh.
Penna Cement Industries 1550 Sept – Oct 2021 The company plans to utilise part of the fresh capital raised for repayment of Rs 550 crore of certain borrowings besides funding capital expenditure requirements of Rs 105 crore for its KP Line II Project.
Utkarsh Small Finance Bank 1350 The bank intends to utilize the net proceeds from the fresh issue to augment its tier 1 capital for business expansion.
Jana Small Finance Bank 700 crore + Offer of sale Jana Small Finance Bank may consider a pre-IPO placement of an aggregate amount not exceeding Rs 500 crore.
Seven Islands Shipping 600  2021 The company will utilise the net proceeds to acquire a large crude carrier vessel and one medium-range vessel
ESAF Small Finance Bank 998 Oct – Dec 2021 The bank may consider a pre-IPO placement of equity shares for an aggregate amount up to Rs 300 crore.
Aarohan Financial  1750-1800 Sept – Oct 2021 The lender will be looking to raise up to Rs 150 crore from pre-IPO placement.
Ruchi Soya 4,300 Sept – Oct 2021 Ruchi Soya is a part of Ramdev Baba led FMCG company, Patanjali group.
Star Health and Allied Insurance company 3,000 Sept – Oct 2021 Star Health is backed by investors including Rakesh Jhunjhunwala and Westbridge capital.
Shri Bajrang Power and Ispat 700 Sept – Oct 2021 The company operates three manufacturing units located in Raipur.
Adani Wilmar 4,500 2021 Adani Wilmar was started in 1999 as a joint venture between Adani Group and Wilmar Group. This is one of the recently approved upcoming IPO 2021.
PharmEasy  3,000 – 3,700 2021 PharmEasy raised nearly $350 million in pre-IPO funding round. 
Gemini Edibles And Fats 2,500  2021 Gemini sells its products in the edible oil segment under the brand Freedom.
CMS Info Systems 2,000 2021 The issue is an offer for sale (OFS) by CMS Info Systems’ promoter Baring Private Equity Asia
SAMHI Hotels 1,800 – 2,000 2021 The portfolio of SAMHI consisted of 27 operating hotels across 12 cities in June, 2019. 
Medplus Health Services 1,639 2021 Proceeds of the fresh issue will be used for funding working capital requirements of the company’s subsidiary – Optival.
Ixigo  1,600 2021 The company raised Rs 270 crore as part of a pre-IPO round led by Singapore sovereign wealth fund GIC. This is one of the latest IPO.
Fino Payments Bank 1,330 2021 The bank may consider a pre-IPO placement aggregating up to Rs 60 crore.
Sterlite Power 1,250 2021 Vedanta Resources Chairman Anil Agarwal is a promoter of Sterlite Power.
Paradeep Phosphates 1,225 + Offer for Sale 2021 The Government of India owns a 19.55% stake in the company.
RateGain 1,200 2021 Part of the proceeds from the fresh issue will be used for payment of debt availed by RateGain UK — one of the subsidiaries
Srei Equipment Finance 1,100 2021 Srei Equipment Finance is a wholly-owned subsidiary of Srei Infrastructure Finance
Inspira Enterprise India Ltd. 800 2021 The company may consider a pre-IPO placement of Rs 75 crore.
Medi Assist Insurance TPA Pvt. Ltd. 850 2021 According to its DRHP, Medi Assist managed Rs 7,829.5 crore of health insurance premiums for the financial year 2020.
SJS Enterprises 800 ​​2021 The IPO is entirely an OFS of shares worth up to Rs 688 crore by Evergraph Holdings and shares aggregating up to Rs 112 crore by KA Joseph. 
Keventer Agro 800  2021 The proceeds will be used to repay debt and for funding capital expenditure requirements.
Chemspec Chemicals 700 2021 The IPO is a complete offer for sale (OFS) by existing promoters. 
Muthoot Microfinance 700 2021 The company is the micro finance arm of Muthoot Pappachan Group (MPG).
Fusion Microfinance 600 + Offer for sale 2021 Fusion Microfinance is a financial services firm serving in rural and semi-rural India
Latent View Analytics 600 October 2021 The proceeds will be used for funding inorganic growth initiatives, working capital requirements of its material arm LatentView Analytics Corp and for investment in its arm to augment its capital base for future growth.
Hinduja Leyland Finance 500 2021 HLF intends to use the IPO proceeds to augment its capital base to meet future requirements
VLCC Health Care 300 + Offer for sale 2021 The company will utilise part of the net proceeds to establish VLCC Wellness Clinics in India and GCC Region, and VLCC institutes in India.
Harsha Engineering 370 2021 The company proposes to utilise the proceeds for pre-payment of certain indebtedness, purchase of machinery in India, investment in subsidiaries, amongst other uses. 
Go Colors 125 + Offer for sale 2021 Go Colors plans to utilise the funds to open 120 stores across India.
Narmada Biochem 90 2021 The company has a distribution network of more than 750 distributors spread over 10 states.
Popular Vehicles And Services 150 + Offer for sale 2021 The proceeds from the issue will be used to repay debt, including working capital loans availed by the firm and its arms.
Tarsons Products 150 + Offer for sale 2021 This is also one of the  upcoming IPO.The company has a distribution network of 141 distributors. 

Globally, it comprises over 45 authorized distributors and partners and supplied products to over 40 countries.

*Both, the issue size and date, is tentative and might vary once the issue goes live in the markets.

Now that you have seen the list of upcoming IPO in India, here the list of IPOs that have already been listed during the year: 

IPOs Listed in 2021

Issuing Company Issue Price Listing Premium/

Discount

Listing Date
Aditya Birla AMC Rs 715 0.42% Oct 11
Paras Defence  Rs 469 168% Oct 1
Sansera Engineering Rs 812 9.14% Sept 24
Vijaya Diagnostic Rs 540 1.69% Sept 14
Ami Organics Rs 910 49.18% Sept 14
Aptus Value Housing Finance Rs 333 5.67% – Discount Aug 24
Chemplast Sanmar Rs 550  1.66% Aug 24
Nuvoco Vistas Rs 485 -14.91 – Discount Aug 23
Cartrade tech Limited Rs 1600 -1.11% – Discount Aug 20
Windlas Biotech Limited Rs 437 -5.00% – Discount Aug 16
Exxaro Tiles Limited Rs 126  5.00% Aug 16
Krsnaa Diagnostics Rs 1006  5.45%  Aug 16
Devyani  Rs 141  56.67% Aug 16
Glenmark Lifesciences Rs. 750  3.96% Aug 6 
Zomato Rs. 116  52.63% July 23 
Clean Science Rs 1,755  95% July 19
GR Infraprojects Rs 1,715  104.9% July 19
Indian Pesticides Rs 350  18.24% July 5
Dodla Dairy Rs 550  28.5% June 28
KIMS Hospitals Rs 1,009  22.3% June 28
Shyam Metalics Rs 380  24.18% June 24
Sona Comstar Rs 301  3.44% June 24
Lodha Developers Rs 486  -10.29% discount April 19
Barbeque Nation Rs 500  -2% discount April 7
Suryoday Small Finance Bank Rs 305  -3.9 to 4% (discount) March 26
Nazara Tech Rs 1,101  80% March 30
Kalyan Jewellers Rs 87  -15% (discount) March 26
Craftsman Automation Rs 1,490  -8 to10% (discount) March 25
Laxmi Organic Rs 130  20% March 25
Anupam Rasayan Rs 555  – 3.6 to 6.3% (discount) March 24
Easy Trip Planners Rs 187  10-13% March 19
MTAR Rs 575  82-89% March 15
Heranba Rs 627  43.54% March 5
Nureca Rs 400  53-59% February 25
RailTel Rs 94  10-20% February 26
Brookfield Reit Rs 275  Flat to 2.4% February 16
Stove Kraft Rs 358 21-29% February 5
HFFC Rs 518 19% February 3
Indigo Paints Rs 1,490  75% February 2
IRFC Rs 26  -4.23% January 29

FAQs

What is the full form of IPO?

IPO stands for Initial Public Offering. It is what it sounds like – it is the initial time when a company asks the public in general to buy its shares. 

ipo blog cta

The first list above mentions a list of latest upcoming IPOs. 

How to buy shares during an IPO?

It is a really simple step. Go to this link (if you wish to buy the shares using Groww): https://groww.in/ipo

Select the IPO you wish to apply for and if it is a current IPO (i.e. it is live) just select ‘Apply for the IPO’ and the page will guide you through the process. 

What happens once I place an order for shares?

Investors do not get the shares the minute they send their money during an IPO. Once you place an order, the possibility whether you will actually receive the shares depends on the subscription status of the current IPO. 

In case of an oversubscription, you will receive less number of shares than what you applied for. When under subscription happens, you will receive all the shares you applied for. 

In case of under subscription below a particular threshold, the IPO may not qualify to get listed and you will get your money back.  

To know more, you may refer: What is IPO, Reasons for non-allotment of shares in an IPO

When are the shares allotted? 

The shares are usually allotted one week after the basis of the allotment date i.e. one week after the date when investors (who had applied for the IPO) are made aware of the number of shares they will be allotted. 

We hope you found this information about latest IPOs and IPOs listed in 2021 helpful. 

Happy Investing!

Disclaimer: The content above is only for informational and educational purposes. It is in no way meant to be advice on what to buy or sell. Investors are advised to refer to various sources and do an in depth analysis and invest in alignment with their personal financial goals. 

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