New Delhi. If you want to earn money from IPO then you have a great opportunity. Where you will be able to earn big amount by investing money. The IPO market is about to return to light again. After the stability and boom in the stock market, companies are now preparing to launch their IPO once again, which is going to prove to be an action-packed year for 2021 IPOs. IPO of total 7 companies are going to come in June this month. These companies are looking to raise capital of more than Rs 10,000 crore. Three of these are going to make a strong knock in the primary market next week. So let’s know everything about it….
IPO market to be buzzing
The IPO market, which has been sluggish for the last 2 months, is going to be buzzing again. After the stability and boom in the stock market, companies are now preparing to launch their IPO once again. Next week, 3 IPOs are going to knock strongly in the primary market.
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Of these, the country’s largest auto parts maker Sona Comstar is going to launch an IPO of Rs 5500 crore. At the same time, the IPO of steel manufacturing company Shyam Metallics is worth Rs 909 crore. Marketing and event management company Navodaya Enterprises will also launch its SME IPO on June 14 to raise Rs 46.08 crore. Investors will be able to subscribe till June 17.
IPO of these companies also in this month
India Pesticides: The firm will raise around Rs 800 crore through IPO. In this issue, which is likely to open in June 2021, fresh issue of Rs 100 crore will be issued. At the same time, capital will be raised by the promoters through OFS of Rs 700 crore.
Dodla Dairy: The Hyderabad-based dairy product manufacturing company is expected to come up with its Rs 800 crore IPO in June. The issue includes fresh shares of up to Rs 50 crore and OFS by promoters up to 1 crore equity shares. The proceeds from the IPO will be used to pay off certain debts of the company, finance capital expenditure requirements as well as for general corporate purposes.
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KIMS Hospitals: Krishna Institute of Medical Sciences (KIMS), which is one of the premier corporate healthcare institutions operating in Andhra Pradesh and Telangana. The company can launch its Rs 800 crore IPO in June. General Atlantic i.e. an investor in the company will offload 1.39 crore shares and reduce his stake in the company, which is currently 41 percent. The company plans to issue OFS by promoters and investors for shares worth Rs 200 crore and up to 21,340,931 shares.
Arohan Financial: Aarohan Financial’s Rs 1,750-1,800 crore IPO is likely to open in June 2021. Aarohan Financial IPO will include a fresh issue of up to Rs 850 crore. The company can offer OFS of 2,70,55,893 shares by various entities.