At least thirteen companies are sitting for their IPOs (Initial Public Issues) with approval from the capital markets regulator (SEBI), which could result in an inflow of over Rs 13,000 into the primary market. According to a note by Axis Capital, Go Airlines, Pradeep Phosphates and Fincare Small Finance Bank are some of the companies that may come up with a public issue soon. Twenty-four companies have successfully debuted on the stock exchange so far in this financial year. Out of these, only 6 are trading with losses while others have helped in giving good returns to the investors.
biggest upcoming ipo
Go Airlines – Go Airlines got SEBI nod for its IPO on 26 August. The company is planning to raise around Rs 3,600 crore which will be a completely fresh issue of equity shares. The low-cost airline is one of the fastest growing airlines in the country and will be the fourth aviation stock to be listed on the stock exchanges along with SpiceJet, IndiGo and Jet Airways. GoAir’s IPO will have 75% allocation for qualified institutional buyers while NII and retail investors can bid for the remaining 15% and 10% respectively.
Utkarsh Small Finance Bank – In June this year, SEBI had approved the lender for its IPO, which could be around Rs 1,350 crore, but the IPO is yet to hit the market. The IPO of Utkarsh SFB will be a mix of fresh issue of equity shares and offer for sale by the shareholders selling the promoters. SFB may also go for pre-IPO placement of Rs 250 crore.
Fincare Small Finance Bank Another small finance bank that can enter the primary market to raise funds is Fincare Small Finance Bank. The lender has got SEBI approval to raise Rs 1,330 crore, of which Rs 330 crore will be a fresh issue of equity shares and the remaining Rs 1,000 crore will be an OFS. Utkarsh SFB may also go for pre-IPO placement of Rs 200 crore. In the last week of July, the bank got SEBI’s nod.
Paradip Phosphate: The company is the latest one to get SEBI’s nod for its IPO. Pradeep Phosphate is looking to raise over Rs 1,255 crore from the market through fresh issue of equity shares worth Rs 1,255 crore and OFS of 12 crore equity shares by sale to shareholders. The company is primarily engaged in manufacturing, trading, distributing and selling various types of complex fertilizers. In Pradeep Phosphates’ IPO, half of the IPO will be reserved for QIBs, while retail investors will have to bid for 35% of the IPO size and 15% for NIIs.
Supriya Lifescience – The API maker had received Sebi’s nod to go ahead with its IPO in July this year. The IPO is likely to involve equity shares of up to Rs 1,200 crore, of which Rs 200 crore will be a fresh issue of equity shares and an offer for sale of equity shares of up to Rs 1,000 crore will be made by promoter selling shareholders.
Other Upcoming IPOs
Apart from the above 5 IPOs, Axis Capital reported that there are 8 more companies, which are sitting with SEBI approval to raise funds, Northern Arc Capital, Chemspec Chemicals Shree Bajrang Power & Ispat, Jana Small Finance Bank, Medi Assist Healthcare Services , Shriram Properties, Aarohan Financial Services, and Seven Island Shipping are some of the other companies that may soon enter D-Street to raise funds through their IPOs.