Upcoming IPOs in April 2021: In the first month of the new financial year i.e. April, at least 6 IPOs are going to knock in the primary market. The country’s stock markets are recovering from the Corona epidemic (Covid-19 pandemic). In view of this, companies are continuously launching IPOs. So far this year, 11 IPOs have come.
Top Best Upcoming IPOs in April 2021
Macrotech Developers, formerly known as Lodha Developers IPO
Next Upcoming IPOs in April 2021 is Macrotech Developers, formerly known as Lodha Developers’ initial public offering (IPO, IPO) will launch on 7 April. It will remain open till 9 April. The company has fixed the price per share from Rs 483 to Rs 486. This company was earlier known as Lodha Developers. MacroTech Developers will be issuing new shares worth Rs 2,500 crore in the IPO. Macrotech plans to use this money to reduce borrowings of up to Rs 1,500 crore and to acquire rights up to Rs 375 crore to acquire land or develop the land. The remaining amount will be spent on the normal functioning of the company.
Next Upcoming IPO in April 2021 is KIMS Hospitals, The company has filed preliminary papers with SEBI for an IPO of Rs 700 crore. It is one of the largest corporate healthcare groups in Andhra Pradesh and Telangana region. According to the DRHP filed by the company with SEBI, the issue involves fresh shares worth Rs 200 crore. Also, the promoters and existing shareholders will sell 21340931 shares.
Sona BLW Precision Forgings (Sona Comstar)
Sona BLW Precision Forgings Next Ipo in April 201, The company, which makes auto parts, has plans to raise Rs 6000 crore. The company will have fresh shares worth Rs 300 crore in its IPO. Also, Blackstone’s subsidiary Singapore VII Topco III Pte Ltd will sell the shares for Rs 5700 crore. The company was founded in 1995 and is the premier auto technology company in Gurgaon. The company also exports to the US, Europe and China.
Seven Islands Shipping
Next one April 201 IPO of Seven Islands Shipping, This sea borne logistics company has already received approval from SEBI for an IPO of Rs 600 crore. This includes fresh shares worth Rs 400 crore. Also FIH Mauritius Investments will sell shares worth Rs 200 crore. The Mumbai-based company has about 20 ships.
Aadhar Housing Finance
This April 2021 IPO of Aadhar Housing Finance, The company is a mortgage financier with investment from Blackstone. It caters to the housing finance needs of low income people. The company has submitted draft papers with SEBI for an IPO of Rs 7300 crore. Aadhaar Housing Finance was established in 2010
Dodla Dairy IPO is plane in April 2021, The Hyderabad-based dairy company is also set to launch its IPO. It is believed that Dodla Dairy will have fresh shares worth Rs 50 crore in its IPO. Also, the promoters of the company will sell up to 1 crore equity shares through it.