IPO Avalanche: 6 Companies That Will Raise Rs 10,500 Crore in the Next 4 Weeks

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IPO Avalanche: 6 Companies That Will Raise Rs 10,500 Crore in the Next 4 Weeks
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- IPO investors have a very busy month ahead of them. Multiple media reports indicate that around six companies are in the fray to raise funds from markets via initial listings.

These include the likes of Sona BLW Precision Forgings, Shyam Metalics, India Pesticides, KIMS Hospital, Clean Science & Technology, and Dodla Dairy. Collectively, these six companies will raise around Rs 10,500 crore from markets.

Sona BLW Precision Forgings: The firm plans to raise Rs 5,500 crore via its IPO that opens on June 14. It is an automotive component maker that is backed by private equity player Blackstone (NYSE: BX ). Price band for the issue has been fixed at ₹285-291 per share.

Shyam Metalics: Steel maker Shyam Metalics launches its IPO today at a price band of Rs 303-Rs 306 per share. The company has cut its IPO size from Rs 1,107 crore to Rs 909 crore. The IPO has received a solid response from the grey market as well.

India Pesticides, KIMS Hospitals, Dodla Diary: IPOs worth Rs 800 crore each that come out in June 2021.

Clean Science & Technology: Rs 1,500 crore IPO in the first week of July.

2021 could easily turn out to be a record year for IPOs.

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