MC EXCLUSIVE Four IPOs worth Rs 4,000 crore set to launch before August-end

Four more initial public offerings (IPOs), together valued at about Rs 4,000 crore, are expected to hit the market before the end of August, according to people aware of the matter. The upcoming issues are from Anlon Healthcare, Jain Resource Recycling, Jinkushal Industries and Sunshine Pictures.

Jain Resource Recycling is expected to raise close to Rs 2,000 crore, Jinkushal Industries about Rs 1,000 crore, while Anlon Healthcare and Producer-director Vipul Shah backed Sunshine Pictures are likely to raise around Rs 500 crore each, the first person aware of the matter said.

Jinkushal Industries, described as India’s largest non-OEM exporter of construction machinery, will have a 35 percent retail portion, the first person said. Anlon Healthcare, a Rajkot-based manufacturer of active pharmaceutical ingredients, pharma intermediates and finished formulations, will keep 10 percent for retail investors, the first person added.

Jain Resource Recycling, identified as the country’s largest non-ferrous metal recycling company with operations in lead, copper and aluminium alloys, will also set aside 10 percent for retail, the second person said.