'It might be a new trend in India, but globally, IPOs are bunched up every week as the market deepens. 'All the bunched up issues were successful. вЂњRetail investors should take an informed view based on the merits of each issue. He added that HNIs and retail investors will form a view on IPOs after seeing the quality of the anchor book. 'Quality companies will, however, continue to attract investors,вЂќ said Ajay Saraf, head of investment banking and institutional equities, ICICI Securities. There is a bit of euphoria around every IPO, and the retail investorsвЂ™ expectation that every issue will give them 40-50 per cent return is a bit misplaced. вЂњThere would be 3-4 IPOs at least that could get launched in September. However, bankers defended their decision to go ahead with issues by insisting that it was a sign of a robust primary market and a bit of irrational expectation on the part of investors regarding listing gains. Some analysts have blamed the bunching together of so many issues for the tepid listings, while some have pointed to the selling pressure in the broader markets even as the benchmark indices have hit new highs this month. The tepid listings had an effect on subscriptions, with Nirma group owned Nuvoco VistasвЂ™ high networth individual (HNI) and retail portions not getting fully subscribed.

In fact, KFC and Pizza hut franchisee Devyani International which rose 56 per cent on its debut, was the only stock to list with good listing gains in the month. Star Health, a private health insurer in the country, is owned by a consortium of investors like Westbridge Capital and Rakesh Jhunjhunwala.Five out of the eight companies that made their debut on the bourses in August were listed at a discount. Those offering shares through the offer for sale are promoter and promoter group Safecrop Investments India LLP, Konark Trust, MMPL Trust and existing investors Apis Growth 6 Ltd, Mio IV Star, University of Notre Dame Du Lac, Mio Star, ROC Capital Pty Ltd, Venkatasamy Jagannathan, Sai Satish and Berjis Minoo Desai. Star Health and Allied Insurance Company's IPO comprises fresh issue of equity shares worth Rs 2,000 crore and an offer for sale of up to 60,104,677 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).

The company, which sells cooking oils under the Fortune brand, is a major player in the edible oil industry.ДЄdani Wilmar is a 50:50 joint venture company between the Adani group and the Wilmar group. There will not be any secondary offering.

According to merchant banking sources, the initial share-sale is expected to fetch Rs 3,500-4,000 crore, valuing the company in the range of $5 billion to $5.5 billion.ДЄdani Wilmar's proposed IPO will be in the form of fresh issue of equity shares for an amount of up to Rs 4,500 crore (approximately $600 million). Those selling shares in the OFS are - promoter Sanjay Nayar Family Trust and shareholders, TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Lighthouse India III Employee Trust, Yogesh Agencies & Investments, J M Financial and Investment Consultancy Services and some individual shareholders. Going by the draft papers, the IPO of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products п»ї Nykaaп»ї, comprises fresh issue of equity shares worth Rs 525 crore and an offer for sale (OFS) of 43,111,670 equity shares by promoter and existing shareholders.

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