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A look for upcoming IPOs in August 2021

After Paytm, now FINO Payments Bank files prospectus for IPO
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After Paytm, now FINO Payments Bank files prospectus for IPO 

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The IPO market is gaining traction. Here we have the tentative list of upcoming IPOs in August 2021. This list is subject to modifications once any further updates are received by the companies or regulatory body (SEBI).

Devyani International Ltd

The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India. It is largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants ("QSR") in India (Source: Global Data Report), on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 20201. The company also has a franchisee for the Costa Coffee brand and stores in India.

• The IPO consists of fresh issue of ₹440 crore and an offer for sale of 15,53,33,330 equity shares by existing shareholders and promoters.

• The issue opens on 4 August 2021 and closes on 6 August 2021.

Windlas Biotech Pvt. Ltd.

Windlas Biotech is among the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (CDMO) industry in India in terms of revenue. The IPO consists of fresh issue of ₹440 crore and an offer for sale of 15,53,33,330 equity shares by existing shareholders and promoters.

• The issue opens on 4 August 2021 and closes on 6 August 2021.

• The offer comprises of a fresh issue of shares worth₹165 crore and an offer for sale of shares of 51,42,067 equity shares by existing selling shareholders.

• SBI Capital Markets, DAM Capital Advisors, and IIFL Securities are the BRLM to the issue.

• The price band is fixed at ₹448-460 per equity share for the public issue. The lot size is of 30 equity shares.

Nuvoco Vistas Corp

Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. (Source: CRISIL Report). As of December 31, 2020, the company's cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and we are one of the leading ready-mix concrete manufacturers in India (Source: CRISIL Report).

• Book Running Lead Managers to the issue are ICICI Securities, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited and J.P. Morgan India Private Limited.

• Nuvoco Vistas is the cement arm of the household brand Nirma Ltd.

• The issue size of the IPO is around ₹5,000 crores of which ₹ 1,500 crores will be a fresh issue and the rest will be an offer for sale.

Krsnaa Diagnostics Limited

Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.

• The issue opens on 4 August 2021 and closes on 6 August 2021.

• The offer comprises of a fresh issue of shares worth ₹ 400 crore and an offer for sale of shares of 9,416,377 equity shares by existing selling shareholders.

• DAM Capital Advisors Ltd, Equirus Capital Private Ltd, IIFL Securities Ltd and JM Financial Limited are the book running lead managers to the issue.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank provides affordable banking services - loans, accounts, deposits and investments across India.

• Utkarsh Small Finance Bank, is looking to raise ₹1,350 crore through IPO.

• The IPO consists of a fresh issue of ₹750 crore and an offer for sale (OFS) of ₹600 crore by promoter Utkarsh CoreInvest.

Fincare Small Finance Bank

Fincare Small Finance Bank has a suite of banking products such as savings accounts, current accounts, fixed deposits, NRI fixed deposits, recurring deposits, microloans, cash overdraft, loans against gold, loan against property, institutional finance, and two-wheeler loan.

• The IPO of Bengaluru-based microfinance company comprises a fresh issue of ₹330 crore by the bank and an offer for sale of ₹1,000 crore by promoter Fincare Business Services.

• Fincare Small Finance Bank has filed draft papers for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI). It plans to raise ₹1,330 crore from the primary market.

• Book running lead managers to the issue are ICICI Securities, Axis Capital, IIFL Securities, and SBI Capital Markets.

ESAF Small Finance Bank Ltd

ESAF Small Finance Bank is one of the leading small finance banks in India in terms of client base size, yield on advances, net interest margin, assets under management CAGR, total deposit CAGR, loan portfolio concentration in rural and semi-urban areas and ratio of micro loan advances to gross advances.

ESAF Small Finance Bank IPO Details:

• The company is planning to raise ₹ 998 crore through its public issue.

• The IPO consists of a fresh issue of Rs 800 crore and an OFS of ₹197.78 crore by existing selling shareholders.

Shriram Properties

Shriram Properties has a key presence in South India. It has completed various real estate projects and many projects are under construction.

• The company is planning to raise ₹800 crore through its public issue.

• The IPO consists of a fresh issue of ₹250 crore and an offer for sale of ₹ 550 crore.

Dwaipayan Bhattacharjee
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