Upcoming IPOs list 2021: From Startups to F&B to Construction company – stage set for these initial public offers

It’s raining IPOs (initial public offer) in 2021, as along with new-gen tech-based startups such as Zomato Paytm and PolicyBazaar the market will also witness a public offer for Glenmark Life Sciences, Devyani International Limited, and Nuvoco Vistas Corporation Limited.  

Zomato 

The three-day public offer of the food delivery aggregator Zomato was held between July 14-16, 2021. The Rs 9375 crore issue was subscribed over 38 times, wherein the price range was at 72-76 per share. The listing of the first startup is likely to take place next week mostly. 

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Of Rs 9375 crore, Rs 9000 crore would be raised by fresh issue and Rs 375 crore would be through offer for sale. Info Edge (India), a parent company of Naukari.com, is an early investor of Zomato —  and 99acres.com. 

Paytm 

In midst of the Zomato IPO, the digital payment company — Paytm became the second startup to begin its journey towards the stock market, by filing a DRHP paper with the Securities and Exchanges Board of India for an IPO of Rs 16600 crore. 

SEBI in its recent processing status said, the approval is ‘under process’. Paytm is backed by billionaires Jack Ma’s Ant Group and Warren Buffet’s Berkshire Hathway. Of Rs 16600 crore, half of the value (Rs 8300 crore) shall be raised by fresh issue, while the remaining half from the offer for sale. 

PolicyBaazar 

An online insurance startup — PolicyBaazar, backed by Japan’s SoftBank, is also mulling for Rs 6300 crore as the parent company of the startup PB Infotech has received approval of EGM, which was held on July 5, 2021, for IPO. PB Infotech earlier in June has converted itself as a public limited company. 

Glenmark Life Sciences 

Glenmark Life Sciences is all set to launch its IPO next week as the company fixed the price band at Rs 695-720 per share today. The public offer will consist of a fresh issue of Rs 1060 crore and an offer for sale of up to 63 lakh shares by the parent company — Glenmark Pharma. The company will raise around Rs 1513.60 crore at the upper band of the issue price. 

Earlier on Tuesday, Glenmark Pharmaceutical announced in a notice to exchanges that Glenmark Life Sciences IPO will open on 27 July and close on 29 July. 

Devyani International Limited 

The largest franchisee of YUM brands in India such as Pizza Hut and KFC — Diveyani International Limited received a SEBI’ approval for its proposed IPO, wherein fresh of Rs 400 crore and offer for sale of to 12,53,33,330 shares by a wholly-owned subsidiary of Temasek Holdings (Dunearn Investments Mauritius Pte) and RJ Corp. 

Nuvoco Vistas Corporation Limited 

Nuvoco Vistas Corporation Limited, a building materials maker, has received approval of SEBI for Rs 1500 crore IPO last week, which comprises Rs 1500 crore of fresh issues and Rs 3500 crore of an offer for sale by selling the company’s stake. 

The net proceeds would be utilised to deleverage the company's balance sheet as it aims to pay off Rs 1,350 crore of borrowings and general corporate purposes.