IPO stands for Initial Public Offering. It is a process where a company offers some of its stocks to the public for raising funds. However, a few IPOs are on the lists to strike in April 2021. As a result, many investors are in a plan for an action-packed year.
IPOs have been attracting several investors from a long time because it offers best opportunities to investors to invest in stocks. Moreover, the ASBA has made the process easy to apply for an IPO.
Six IPOs are likely to strike in India in April 2021. It includes Dodla Dairy, KIMS Hospitals, Sona BLW Precision Forgings, Seven Islands Shipping, Aadhar Housing Finance and Macrotech Developers or Lodha Developers.
Dodla dairy is a Hyderabad-located dairy company, incorporated in 1995. Its production was firstly started in the year 1997. Now, it has spread in 5 states (Karnataka, Andhra Pradesh, Tamil Nadu, Telangana and Maharashtra) and its products are available in 11 states.
The company mainly retails milk and milk-related products such as ice creams and flavoured milk. Also, it is involved in the production and supply of cattle feed. Dodla Dairy, KC+, and Dodla are the brands of Dodla Dairy Ltd.
Krishna Institute of Medical Sciences (KIMS) is a well-known corporate healthcare sector in Andhra Pradesh and Telangana. KIMS owns 9 super-speciality hospitals that run under the name of KIMS Hospitals. The healthcare company is specialised in oncology, organ transplantation, orthopaedics, cardiac, etc. The company was started in the year 2000 in Nellore with a 200-bed capacity. Now, it has its flagship in Secunderabad with a capacity of 1000 beds.
Sona BLW Precision Forgings (Sona Comstar)
Sona BLW Precision Forgings is a limited company dealing in automotive technology. The company has planned to raise Rs 6,000 crore through Initial Public Offering. Sona Comstar was introduced in the year 1995. Its headquarter is located in Gurugram. It designs and produces engineered mission-critical automotive components and systems.
Seven Islands Shipping
Seven Islands Shipping limited is a Mumbai-based liquid seaborne logistics company. It has been operating its business for the past 17 years under the Companies Act. 1956. During its tenure, it has developed 40 vessels and sold 20 vessels. SISL has already received SEBI’s nod to elevate Rs 600 crore through the initial share sale.
Aadhar Housing Finance
Aadhar Housing Finance is India’s largest housing finance companies. It generally helps people in the home financing with low-income sections of the society. Aadhar Housing Finance was formed in the year 2010. It has helped over 150,000 customers through 292 branches within the country. Blackstone Group (a private equity firm) backs the Aadhar Housing Finance.
Till September 2020, the company’s total borrowing was Rs. 9637.9 Crore. The company claims to procure funding through different sources which include term loans, working capital facilities, refinancing, etc.
Macrotech Developers (Lodha Developers)
Macrotech Developers Ltd is a Mumbai-based real estate company and was formed in 1995. The company mainly deals in residential housing construction and focused on the affordable mid-income housing range. However, the company stepped into logistics and industrial parks development as well as commercial real estate. The Initial Public Offering for Macrotech Developers will open on 7 April and closes on 9 April.