Upcoming IPO in June 2021

IPO SHOWER: Upcoming Public Issues

3 Min Read |  June 16, 2021

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In 2020, more than 10 companies forayed the stock market with their public issue. Out of all the IPOs that saw the light of the day, a few of them received overwhelming subscriptions from the investors. 

In fact, there were some IPOs that witnessed a listing day gain of more than 100% including Mrs Bectors Food Specialities Limited (130.67%), Burger King India Limited (123.49%) Happiest Minds Technologies Limited (123.49%). 

Then came 2021! 

In the first four months, the IPO market was full of charm and around 19 companies decided to opt for public listing. But, in April & May 2021, the second wave of Covid-19 numbed the IPO market. 

Nevertheless, people, situations and even the financial market are getting back on track. 

So, all the proponents of IPO get ready with your piggy bank savings because a handful of companies are all set to foray into the stock market. Dear Convey Warriors, if you could not keep a track of the live IPOs or want to know as to which is the best upcoming IPO, we have got you covered. 

Let us get started for a quick read! 

List of Upcoming IPOs in June 2021

The investor in you would be glad to know that this week there is a shower of IPOs happening in the market. So, let us see the ones that are all set to open today. 

A) Times Green Energy (India) Limited

One of the praiseworthy facts about Times Green Energy is that it is promoted by women entrepreneurs. Further, it has an all-women board. Times Green Energy carries out its operation in two business segments namely, Women Hygiene & Safety and Agro-Business. It deals in the trading of natural organic products/pesticides/bioproducts and the selling of agricultural produce. 

The company also launched an application in 2020 by the name Bharatbazaar. It is an online platform that sells more than 1000 products (dairy products, branded packed food items, cooking essentials, etc). 

Within just one year of its inception, Times Green Energy made a turnover worth Rs 10 lakhs. As claimed by the company, it is debt-free and the current market valuation of its assets is approximately Rs 14 crores. Lastly, the company also gave a dividend to all its shareholders in FY17-18. 

The graph below represents the financial performance of the company in the past few years. 

Times-Green-Energy-Limited.jpg

IPO DETAILS:

As per the DRHP filed by the company is launching its IPO to raise funds for 

  • Meeting the working capital needs

  • Establishing a registered office

  • Setting up a strategic business unit for sanitary napkins

The market lot size of Times Green Energy IPO will be 2000 shares (worth Rs 1,22,000) 

Opening Date

16th June 2021

Closing Date 

22nd June 2021

The listing will be on

NSE & BSE

IPO Price

Rs 61 per share 

Minimum quantity of order

2000

Face Value

Rs 10 per share

B) Krishna Institute of Medical Sciences Limited 

Krishna Institute of Medical Sciences is one of the leading healthcare groups based in Andhra Pradesh. The foundation of the company was laid as a single hospital but over the years it has grown to become a multi-speciality chain. Further, the growth of the company is attributed to strategic acquisitions. 

The company provides healthcare services across 25 specialities including, neurosciences, gastric sciences, oncology, cardiac sciences, organ transplantation, renal sciences, orthopaedics, etc. The prime focus of the company lies in enabling proper healthcare services in tier 2 and tier 3 cities. As of March 2021, KIMS is providing its services through 9 multi-speciality hospitals. 

The graph below depicts the financial performance of the company over the past few years. 

Krishna-Institute-of-Medical-Sciences.jpg

IPO DETAILS:

As per the DRHP filed by the company, the main objective to raise funds through IPO is to repay the borrowings of the company as well as to fulfil the general corporate needs. 

The market lot size of KIMS is 18 shares (worth Rs 14,850) and you can invest in a maximum of 13 lots or 234 shares (worth Rs 1,93,050)

Opening Date 

16th June 2021

Closing Date 

18th June 2021

The listing will be on 

NSE & BSE

Minimum quantity of order

18 shares

Face Value

Rs 10 per share

IPO Price 

Rs 815-Rs 825 per share

C) Dodla Dairy Limited 

Dodla Dairy Limited was established in the year 1995 in Hyderabad city but the production work started in 1997. Presently, the company operates in 5 states whereas its products are available in a total of 11 states. 

Further, the product portfolio of the company has large bandwidth and it consists of milk, ghee, curd, cream, flavoured milk, buttermilk, milk sweets, ice cream, cottage cheese, etc. Dodla Dairy Limited has a total of 13 processing plants with a strong distribution network of 40 offices, 861 milk distributors as well as 3,285 distribution agents. 

The graph below shows the financial performance of Dodla Dairy Limited in the past few years. 

Dodla-Dairy-Limited.jpg

IPO DETAILS:

As per the DRHP filed by the company, the main objective to launch an IPO is to repay its borrowing as well as to fulfil the capital expenditure needs. 

The market lot size of the IPO is 35 shares (worth Rs 14,980) and you can apply for a maximum of 13 lots or 455 shares (worth Rs 1,94,740). 

Opening Date 

16th June 2021

Closing Date

18th June 2021

The listing will be on

NSE & BSE

Minimum quantity of order

35 shares

Face value 

Rs 10 per share

IPO Price

Rs 421 - Rs 428 per share

Bottom Line 

Apart from the above-mentioned IPOs, a few of them are already open for subscription namely, Shyam Metalics and Energy Limited, Sona BLW Precision Forgings Limited, Navoday Enterprises Limited, etc. So, there are multiple options available to take your pick for investment. 

But, do not forget to analyze the financials of the company you plan to invest in. Be a smart investor! 

Dear Convey Warriors, if you are wondering how to subscribe to an IPO, then click here to know all the details about the same. 







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