Overview

• HDB Financial Services filed its red herring prospectus on June 19 and will open its Rs 12,500 crore IPO from June 25 to June 27 with Rs 2,500 crore of fresh shares and a Rs 10,000 crore offer for sale by HDFC Bank.
• The National Securities Depository Limited is preparing a Rs 3,300 crore complete offer-for-sale issue that will dilute stakes of IDBI Bank and the NSE ahead of its listing.
• JSW Cement plans a Rs 4,000 crore public issue split equally between fresh equity and offer-for-sale tranches, with roadshows underway for a July launch.
• Hero Fincorp has trimmed its fresh issue to Rs 1,840 crore alongside a Rs 1,568.13 crore offer for sale after securing Rs 260 crore in pre-IPO funding.
• At least eight companies, including Kalpataru, Sambhv Steel Tubes and Ellenbarrie Industrial Gases, are slated to raise over Rs 26,000 crore through IPOs by late July.