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Upcoming IPO of 2018

Publish Date: August 23, 2018

The equity markets are witnessing an exciting year in 2018.Both 50-share Nifty and 30-share Sensex hit all-time highs of 11,565 and 38,340, respectively on August 20 on the back of positive global cues, thawing Sino-American trade disputes and a small recovery in Indian Rupee, which had touched a low of 70.16 against the dollar.

From the period of January to June this year, 19 companies have been listed on the bourses, having raised Rs 26,470 crores through their companies’ respective IPOs. This is much higher in comparison to the Rs 12,000 crore collected by 13 IPOs in the first six months of 2017.

Here’s a look at the upcoming IPO of 29 enterprises that have an IPO on the cards.

1) Lodha Developers Limited

Company profile: Lodha Developers Limited is a real estate company with projects in Mumbai Metropolitan Area, Pune and London. The company is developing an estimated 31.8 million sq ft currently in Mumbai and surrounding areas. It has 39 ongoing projects across all its locations.

IPO objective: Proceeds will pare debt

Issue size: Rs 5,500 crore

Issue period: Expected in August

Price band: Not finalised

ALSO READ: Hindustan Unilever Ltd (HUL) Q1 results: 5 things to know

2) ReNew Power Limited

Company profile:ReNew Power Limited is a power producer of clean energy. It claims to be India’s largest renewable energy IPP (Independent Power Producer) with a capacity of more than 5,800 MW of wind and solar power assets across the country. Of this, more than 3,900 MW of assets are already operational.

IPO objective: Proceeds will be used for redemption of debentures and for funding acquisitions and other strategic initiatives.

Issue size: Rs 5,000 crore

Issue period: Expected in August/ September

Price band: Not finalised

3) Devi Seafoods Limited

Company profile: Devi Seafoods Limited has been in business for over two decades. It is one of the largest exporters of seafood in India. The company has its own processing plant, aquaculture farms and shrimp hatchery, which gives them full control over the entire supply chain.

IPO objective: Proceeds from the secondary sale will go to the promoters.

Issue size: Rs 1,200 crore

Issue period: Not finalised

Price band: Not finalised

4) Credit Access Grameen Limited

Company profile: Credit Access Grameen Limited is a microfinance company that provides timely and affordable credit to India's poor and low-income households. It offers collateral-free loans as well to women with the aim of creating equal opportunities.

IPO objective: Proceeds to be used for augmenting its capital base to meet future capital requirements / brand building.

Issue size: Rs 1,200 crore

Issue period: Not finalised

Price band: Not finalised

5) CMS Info Systems Limited

Company profile: CMS Info Systems Limited a cash management company. According to its website, the company provides a wide range of services across each stage of the cash cycle in India. It serves 1,05,000 business points that are spread across 98.3% of districts in India.

IPO objective: Liquidity for shareholders and brand building.

Issue size: Rs 1,000 crore

Issue period: Not finalised

Price band: Not finalised

ALSO READ: Earnings Report update: HUL, Bajaj Corp, Infosys, DCB Bank

6) National Stock Exchange of India Limited

Company profile: The National Stock Exchange (NSE) is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to World Federation of Exchanges. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings.

IPO objective: Proceeds of shares will go to existing shareholders.

Issue size: Rs 10,000 crore

Issue period: Not finalised

Price band: Not finalised

7) AGS Transact Technologies Limited

Company profile: AGS Transact Technologies Limited is an end-to-end payment solutions provider with a wide spectrum of products for the banking, retail, petroleum and transit sectors. Its three major lines include banking automation solutions, payment solutions and automation solutions.

IPO objective: Buyback shares from private equity investors.

Issue size: Rs 450 crore

Issue period: Not finalised

Price band: Not finalised

8) Catholic Syrian Bank Limited

Company profile: CSB is a private sector bank incorporated in 1920. It has a network of over 430 branches and more than 240 ATMs across India.

IPO objective: Beef up capital position for Basel III norms and increase loan book size.

Issue size: Rs 450 crore

Issue period: End of September

Price band: Not finalised

9) Puranik Builders Private Limited

Company profile: Puranik Builders Private Limited is a real estate developer with projects in Thane and Pune. It was founded in 1968 and has developed over 520,000 sq. mt of land over the years.

IPO objective: Repayment of loan and other general corporate purposes.

Issue size: Rs. 1,000 crore

Issue period: Not finalised

Price: Not finalised

10) Montecarlo Limited

Company profile: Ahmedabad-based Montecarlo is an infrastructure construction and development company. It has operations across highways, railways, buildings and factories, mining, energy infrastructure and water and irrigation verticals of the infrastructure sector.

IPO objective: Investment in the company's projects, to meet working capital requirements and for other general corporate purposes.

Issue size: Rs 550 crore

Issue period: Not finalised

Price band: Not finalised

11) Nekkanti Seafoods Limited

Company profile: Nekkanti Sea Foods is an exporter of seafood and has been in the business for over two decades. It is currently operating three USFDA-approved factories located in Andhra Pradesh.

IPO objective: Fulfil working capital requirements.

Issue size: Rs 750 crore

Issue period: Not finalised

Price band: Not finalised

12) Anmol Industries Limited

Company profile: Anmol Industries is one of the leading FMCG companies in North and East India. It is a branded packaged food company focused on biscuits (61 varieties) and cakes (26 varieties). It is looking to diversify to South and West India as well.

IPO objective: Proceeds of shares will go to existing shareholders.

Issue size: Rs 750 crore

Issue period: Not finalised

Price band: Not finalised

13) Barbeque Nation Hospitality Limited

Company profile: Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants. Founded in 2006 with a single restaurant, it has established more than 80 so far. In 2015, it opened its first international outlet in Dubai.

IPO objective: Setting up new restaurants in India, repayment of loans, and general corporate purposes.

Issue size: Rs 600 crore

Issue period: Not finalised

Price band: Not finalised

14) Genesis Colors Limited

Company profile: Genesis Colors is the holding company of fashion brands like Satya Paul and Bwitch. It is the Indian distribution partner for international brands like Jimmy Choo, Armani, Paul Smith, Bottega Veneta, Michael Kors, Hugo Boss, Tumi, among others.

IPO objective: To increase its stake in the subsidiary that distributes premium international brands including Jimmy Choo and Armani.

Issue size: Rs 650 crore

Issue period: Not finalised

Price band: Not finalised

15) Hinduja Leyland Finance Limited

Company profile: Founded in 2008, Hinduja Leyland Finance Limited finances commercial and personal vehicles, which include medium and heavy commercial vehicles, light commercial vehicles, small commercial vehicles, cars, multi-utility vehicles, three wheelers, and two-wheelers. It also finances tractors and construction equipment, and provides loans against property.

IPO objective: Proceed will follow a schedule of implementation and deployment accordingly.

Issue size: Rs 1,200 crore

Issue period: Not finalised

Price band: Not finalised

16) Seven Islands Shipping Limited

Company profile: Seven Islands Shipping is a sea-borne logistics company. It was formed by a group of mariners from the Indian shipping fraternity in 2003. It operates under two categories -- crude oil trade and liquid products trade.

IPO objective: Funds raised through the issue will be used to buy a very large crude carrier and for other general corporate purposes.

Issue size: Rs 450 crore

Issue Period: Not finalised

Price band: Not finalised

17) PN Gadgil & Sons Limited

Company profile: PN Gadgil & Sons Limited is a reputed Pune-based jewellery chain. The business has been passed down six generations. It currently has 25 stores across Maharashtra, Gujarat and Karnataka.

IPO objective: Business expansion and debt repayment.

Issue size: Rs 500 crore

Issue period: Not finalised

Price band: Not finalised

18) Flemingo Travel Retail Limited

Company Profile: Flemingo is a global travel retailer. Flemingo operates duty-free stores across the world in airports and seaports of various sizes.

IPO Objective: Funds will be utilised towards the acquisition of 100 per cent of the equity interest in Flemingo International (UK) Ltd from corporate promoters.

Issue size: Rs 2,600 crore

Issue Period: Not finalised

Price band: Not finalised

19) Nazara Technologies Limited

Company profile: Nazara is a mobile games company headquartered in Mumbai. It is involved in an acquisition, value addition, and distribution of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.

IPO objective: Provide liquidity to existing shareholders/ brand building.

Issue size: Rs 3,000 crore

Issue period: Not finalised

Price band: Not finalised

20) SSIPL Retail Limited

Company profile: SSIPL is an integrated sportswear company that manufactures, retails and distributes international sports and lifestyle brands. It has multi-brand stores spread across 90 cities with four lakh square feet of retail presence.

IPO objective: Funds raised will be used to expand its retail network and modernisation of existing manufacturing facilities.

Issue size: Rs 400 crore

Issue period: Not finalised

Price band: Not finalised

21) Indian Renewable Energy Development Agency Limited

Company profile: IREDA is a Government of India enterprise under the administrative control of Ministry of New and Renewable Energy. Established in 1987, it is engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy conservation.

IPO objective: Proceeds will be used to augment the company’s capital base for meeting future capital requirements and another general corporate purpose.

Issue size: Rs 900 crore

Issue period: Not finalised

Price band: Not finalised

22) Bharat Hotel Limited

Company profile: Bharat Hotels operates 12 luxury hotels, palaces and resorts under ‘The LaLiT’ brand, and two mid-market segment hotels under ‘The LaLiT Traveller’ brand across the country's key business and leisure travel destinations, offering 2,261 rooms.

IPO Objective: Proceeds of the issue will be utilised towards repayment of certain loans availed by the company, and for other general corporate purposes.

Issue size: Rs 1,200 crore

Issue period: Not finalised

Price band: Not finalised

23) Chalet Hotels Limited

Company profile: Incorporated in 1986, Chalet Hotels Limited is based in Mumbai. It owns and operates JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance, and Four Points by Sheraton brands.

IPO objective: Proceeds of the issue will be used to expand rooms in existing hotels, spread to new geographies and repay debt.

Issue size: Rs 2,000 crore

Issue period: Not finalised

Price band: Not finalised

24) Prince Pipes and Fittings

Company profile: Prince Pipes and Fittings is India's third-largest PVC pipes manufacturer. It is committed towards innovations in plumbing, irrigation and sewerage technologies to meet the nation’s constantly increasing water demands. It has five manufacturing plants – two in Silvassa and one each in Haridwar, Chennai and Kolhapur.

IPO objective: Not revealed

Issue size: Rs 800 crore

Issue period: Not finalised

Price band: Not finalised

25) Reliance General Insurance Company Limited

Company profile: Reliance General Insurance Company Limited, a leading private-sector general insurance company, is a part of Anil Ambani-led Reliance Group. It has 139 offices and more than 26,587 intermediaries across India, along with online and tele-calling services.

IPO objective: Augmenting the solvency margin and consequently increase the solvency ratio, and meeting future capital requirements.

Issue size: Rs 1,600 crore

Issue period: Not finalised

Price band: Not finalised

26) John Energy Limited

Company profile: John Energy is a leading Indian company catering to the upstream and mid-stream oil and gas industry. It was established in 1987 and is backed by investor Rakesh Jhunjhunwala, who has 18.21 per cent stake in the company. ICICI Bank owns 4.47 per cent holding in the firm.

IPO objective: Repayment of certain borrowings availed by the company, and other general corporate purposes.

Issue size: Rs 350 crore

Issue period: Not finalised

Price band: Not finalised

27) Capricorn Food Products India Limited

Company profile: Capricorn Food Products India Limited is a food processing company with export and domestic operations. The Chennai-based company was established in 1998. It manufactures tropical fruit pulp, purees and concentrates, frozen fruits and vegetables, and fruit juices.

IPO objective: Repayment of debt availed by Capricorn Food Products India and its subsidiary, and for general corporate expenses.

Issue size: Rs 500 crore

Issue period: Not finalised

Price band: Not finalised

28) Ircon International Limited

Company profile: Ircon International Limited is a government company incorporated in 1976. It is a specialised construction company with core competence in railway and highway construction, EHP sub-station and MRTS. Ircon has completed 300 projects in India.

IPO objective: Boost rural and infrastructure spending.

Issue size: Rs 550 crore

Issue period: Not finalised

Price band: Not finalised

29) VLCC Health Care Limited

Company profile: Founded by Vandana Luthra in 1989, VLCC Health Care Limited has 400 wellness centres and 75 skill development centres. It has four main business wings – Wellness, Personal Care Products, Vanity Cube and Institute.

IPO objective: Setting up VLCC Wellness Centres, establishing VLCC Institutes, repayment of loans, brand development and general corporate purpose.

Issue size: Rs 400 crore

Issue period: Not finalised

Price band: Not finalised

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Articles

Upcoming IPO of 2018

1) Lodha Developers Limited

2) ReNew Power Limited

3) Devi Seafoods Limited

4) Credit Access Grameen Limited

5) CMS Info Systems Limited

6) National Stock Exchange of India Limited

7) AGS Transact Technologies Limited

8) Catholic Syrian Bank Limited

9) Puranik Builders Private Limited

10) Montecarlo Limited

11) Nekkanti Seafoods Limited

12) Anmol Industries Limited

13) Barbeque Nation Hospitality Limited

14) Genesis Colors Limited

15) Hinduja Leyland Finance Limited

16) Seven Islands Shipping Limited

17) PN Gadgil & Sons Limited

18) Flemingo Travel Retail Limited

19) Nazara Technologies Limited

20) SSIPL Retail Limited

21) Indian Renewable Energy Development Agency Limited

22) Bharat Hotel Limited

23) Chalet Hotels Limited

24) Prince Pipes and Fittings

25) Reliance General Insurance Company Limited

26) John Energy Limited

27) Capricorn Food Products India Limited

28) Ircon International Limited

29) VLCC Health Care Limited

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