These 10 IPOs may hit the market in March; here's all you need to know

Seven companies including RailTel, Nureca, Heranba, IRFC, Indigo Paints, Home First Finance and Stove Kraft have raised around Rs 8,000 crore through initial public offerings in 2021 so far. The next will be MTAR Technologies which are likely to open on March 3. Here are the details of the IPOs which may hit the capital market in March.

MTAR Technologies: The public offer of MTAR Technologies, a leading player in the precision-engineering industry, has fixed price band for its IPO at Rs 574-575 per share. The offer will open for subscription on March 3 and close on March 5.

Kalyan Jewellers: The Kerala-based jewellery major Kalyan Jewellers is expected to raise Rs 1,750-crore through the IPO. The issue would consist of a fresh equity issuance of Rs 1,000 crore and an offer for sale worth Rs 750 crore, according to the draft offer document.

Suryoday Small Finance Bank: Suryoday Small Finance Bank received capital markets watchdog Sebi’s go ahead in December to float an initial share-sale. The initial public offering (IPO) comprises fresh issuance of 1,15,95,000 equity shares and an offer for sale of up to 84,66,796 equity scrips by existing shareholders, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). The company is expected to raise Rs 1,300-1,400 crore through the public offer.

Nazara Technologies: The company, backed by ace investor Rakesh Jhunjhunwala, is popularly known for its games on World Cricket Championship, Chhota Bheem and Motu Patlu series. Nazara’s public issue will see a sale of 49,65,476 equity shares by the promoters and existing shareholders. Those selling shares in the IPO include Mitter Infotech LLP – a promoter of the company, IIFL Special Opportunities Fund, Good Game Investment Trust, IndexArb Securities and Azimuth Investments. Nazara Technologies was founded in 1999 by Nitish Mittersain, who is the Joint Managing Director of the firm. The company is expected to raise Rs 2,500 crore from the primary market.

Aadhar Housing Finance: Blackstone-backed Aadhar Housing Finance filed preliminary papers with markets regulator Sebi in to raise Rs 7,300 crore through an initial public offering. The IPO comprises fresh issuance of shares worth Rs 1,500 crore and an offer of sale of up to Rs 5,800 crore by the promoter.

Anupam Rasayan: Specialty chemical company Anupam Rasayan filed preliminary papers with markets regulator Sebi in December to raise Rs 760 crore through an initial public offering. Proceeds of the issue would be used mainly for repayment of debt, the company said in the draft red herring prospectus (DRHP). Surat-based company has decided to reserve a portion for its employees and may consider a discount for eligible staff.

Laxmi Organic Industries: Speciality chemicals manufacturer Laxmi Organic Industries filed preliminary papers with Sebi in December to raise Rs 800 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issuance of shares aggregating to Rs 500 crore and an offer-for-sale worth Rs 300 crore by the promoter Yellow Stone Trust.

Others: Apeejay Surendra Park Hotels, Puranik Builders, Barbeque Nation Hospitality and Easy Trip Plannners may also launch their IPOs in March 2021.