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2021 has certainly been a year of IPOs. Every month we are witnessing some action-packed IPOs from leading companies. IPOs are amongst the most lucrative options for investors because they allow them to acquire the shares of a company at their true price.
IPO or Initial Public Offering is the process by which a company offers its shares for the first time to the public for raising capital. The raised capital can be used by the company for business expansion or other corporate purposes including debt settlement. The shares bought by the investors give them a proportion of ownership in the company.
For an IPO, a company mandatorily needs to have an approval from SEBI. The investment banker of the company files a Draft Red Herring Prospectus (DRHP) with SEBI which includes all the fundamentals about the company. The DRHP also has all the data with respect to the IPO. Once the DRHP is approved by the SEBI, the company can get a go ahead from the exchanges. Once all of these is in place, the company can roll out its IPO.
Today, we will discuss about some of the upcoming IPOs in July 2021. These includes the companies whose DRHP has been approved by the SEBI.
Table of Content
Upcoming IPOs in July 2021
Clear Science Technology
The IPO for Clean Science Technology aims to raise around 1400 Crore from the public. The IPO will be open for bidding on 7th July. Clean Science Technology is a renowned chemical manufacturer incorporated in the year 2003 and specializes in FMCG chemicals, pharma chemicals and performance chemicals. The IPO will be priced in between 880-900 with a lot size of 16 shares.
The second IPO for the month of July 2021 is from the road engineering and construction company – GR Infraprojects. The IPO plans to raise 963.28 Crores from the public with a price band of 828 – 837 and an IPO lot size of 17 shares. The issue will be open for bidding on 7th July and close on 9th July. The shares of the company will be listed on both BSE and NSE.
Glenmark Life Sciences
The company is a subsidiary of the pharma giant Glenmark Pharmaceuticals Ltd. Glenmark got an approval from SEBI for rolling out their first public issue. The issue is expected to include an Offer for Sale (OFS) of 7.31 million shares from the parent company (Glenmark Pharmaceuticals Ltd.) and a fresh issue of shares worth 1160 Crores.
Utkarsh Small Finance Bank
Another IPO expected in July 2021 is from Utkarsh Small Finance Bank. The public issue plans to raise 1350 Crores from the public. The issue includes an OFS (Offer for Sale) of around 600 Crores and a fresh issue of 750 Crores. The company plans to utilize the proceeds for augmentation of the capital base of Tier-I for meeting its future capital requirements.
These are some of the IPOs which are expected in July 2021. It must be noted that it is important to understand the fundamentals of a company before planning to buy its shares in an IPO. An investment advisor can help you in choosing the best IPO stocks by on the basis of fundamental research.