Top 5 IPOs to expect in June 2021.

IPO Updates 24 May 2021 10:24:PM

IPO_june_2021 IPO_june_2021

When a company first enters the stock market, it must collect funds from the general public through a procedure known as an Initial Public Offering  (IPO). Many initial public offerings (IPOs) are scheduled to take place in India in the near future. The upcoming IPOs are listed in the table below, so take a look. This will assist you in determining which IPOs are available in the market and at what price you can subscribe to the shares. 

IPO of Go Air:- 

Go Airlines India Ltd., a no-frills carrier controlled by the Wadia Group, has sought approval from India’s markets regulator to raise as much as 36 billion rupees ($490 million) through an initial public offering. The company may consider a pre-IPO share issue of as much as 15 billion rupees, the airline said in its prospectus Friday, adding the IPO size will be cut if the pre-IPO placement happens.

Go Airlines, the second-biggest customer for Airbus SE is planning to use the proceeds for repayment of the debt, and dues to Indian Oil Corp. ICICI Securities Ltd., Citi, and Morgan Stanley will manage the IPO. GoAir has rebranded itself as Go First, the airline said in a statement Thursday. Go Airlines’s decision to seek to raise funds comes at a time when an overwhelming surge in coronavirus infections in India has hit the country’s air travel industry, which had just begun recovering, particularly in domestic routes. The second wave has delayed a rebound for international and domestic travel, according to India Ratings & Research Ltd., a unit of Fitch Ratings Ltd.

IndiGo, India’s biggest budget airline, decided to raise 30 billion rupees by selling shares as the second wave prolongs air travel recovery, months after saying it didn’t need money. SpiceJet Ltd., India’s second-largest carrier, deferred salaries for half of its employees. Go Airlines asked as many as 90% of its 5,500 employees to go on indefinite leave without pay during last year’s lockdown.

IPO of Zomato:

Zomato Ltd., an Indian food delivery startup backed by Jack Ma’s Ant Group Co., has filed an initial prospectus with the Indian market regulator for an initial public offering that could raise as much as 82.5 billion rupees ($1.1 billion). The company plans to issue new shares to raise a maximum of 75 billion rupees, while its major shareholder Info Edge India Ltd. will offer 7.5 billion rupees worth of shares in the offering.

At $1.1 billion, Zomato’s IPO would be India’s biggest this year, surpassing Indian Railway Finance Corp.’s $649 million offerings in January. The startup’s listing plans come as the pandemic has driven many Indian consumers to shift their spending online, bolstering the fortunes of e-commerce firms.
Zomato plans to use the proceeds to expand its business and for acquisitions. Kotak Investment Banking, Morgan Stanley, Credit Suisse Group AG, BofA Securities, and Citigroup Inc. are arranging the IPO.

IPO of Nykaa:-

Nykaa E-Retail Pvt. has selected banks for its initial public offering in Mumbai that could raise at least $500 million, according to people familiar with the matter. The online cosmetics retailer is working with Kotak Mahindra Capital Co. and Morgan Stanley on the potential offering said the people, who asked not to be identified as the information is private.

A listing could value the TPG Capital-backed startup at about $4 billion, the people added. Founded in 2012, Nykaa’s platform lists more than 1,200 brands ranging from makeup and skincare to health supplements and hair dryers, according to its website. It has six warehouses across India. Nykaa is derived from the Sanskrit word “Nayaka” which means actress or one in the spotlight. Nykaa also counts Indian tycoon Sunil Munjal’s family office Hero Enterprise among its backers. In November, Fidelity Management and Research Co. invested an undisclosed amount in Nykaa’s latest funding round. The startup is among companies that have benefited as Indian consumers increasingly shop online -- a trend bolstered by the pandemic-led lockdown last year.

IPO of Car Trade

Online auto classifieds platform CarTrade has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) with capital market regulator Sebi to raise around Rs 2,000 crore. The offer comprises 26.96 percent of post-offer paid-up equity share capital. The face value of equity shares is Rs 10 apiece.
In a recent fundraising round, CarTrade Tech, which helps users find used as well as new cars, rose to near unicorn status with a valuation close to $1 billion. The Warburg Pincus- and Temasek-backed company has appointed Axis Capital, Citigroup Global Markets India, Nomura Financial Advisory and Securities (India), and Kotak Mahindra Bank to manage the issue. Link Intime India has been appointed as the registrar.

IPO of Devyani International

Devyani International, the largest franchise operator of global restaurant chains Pizza Hut, KFC, and Costa Coffee, has filed for an initial public offering to raise close to Rs 1,400 crore, joining the quick service restaurant (QSR) listing wave. Investment Bankers appointed to the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services, and Motilal Oswal Investment Advisors, two executives aware of the development said.

So, this was about top IPOs to expect in June 2021. To invest in active IPOs click here. To explore more investment opportunities click here. stay tuned for more updates on investment. 

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