The first market is anticipated to see a surge in preliminary public affords (IPOs) over the subsequent three to 4 months. Greater than 30 firms are ready to enter the market inside the coming months, with an intention to lift over Rs 50,000 crore, in keeping with a report in The Financial Instances.

The report cited analysts as saying that as much as 24 firms are planning to launch IPOs amounting to Rs 30,000 crore.

The report quoted Mahavir Lunawat, managing director at Pantomath Capital, as saying, “The IPO wave will acquire additional momentum within the coming months. We witness robust investor confidence out there post-elections with the Modi authorities returning to energy. A complete of 24 firms are able to hit the market within the subsequent couple of months, aiming to lift roughly Rs 30,000 crore by way of IPO.”

Anticipated IPOs within the coming months embrace these of Ola Electrical, FirstCry, Waaree Energies, Fincare Small Finance Financial institution, Bansal Wire Industries, NSDL, Afcons Infrastructure, Asirvad Microfinance, One MobiKwik Techniques, Emcure Prescription drugs, Allied Blenders and Distillers, Shiva Pharmachem, and Stanley Life, amongst others.

South Korean automaker Hyundai Motor, Rekha Jhunjhunwala-backed Baazar Type Retail, Swiggy, and Haldiram’s are additionally planning to launch their IPOs within the subsequent 4 to 5 months. Hyundai India has already submitted a draft prospectus to the Securities and Alternate Board of India (Sebi) for a public provide value round $2.5-$3 billion.

In the meantime, Haldiram’s is reportedly contemplating an IPO after plans to promote a stake to international buyers have stalled. Kolkata-based Baazar Type Retail filed for an IPO in early March this yr, which features a mixture of contemporary fairness gross sales value Rs 185 crore and a proposal on the market (OFS) of 1.68 crore shares.

Swiggy lately acquired the board approval for an IPO of round Rs 10,414 crore. The corporate goals to lift Rs 3,750 crore in contemporary capital, with the IPO additionally together with an offer-for-sale element of as much as Rs 6,664 crore.

Others IPOs within the subsequent six months:

Ola Electrical

India’s largest electrical two-wheeler producer, Ola Electrical, has reportedly acquired approval from the Sebi for its IPO, which can be launched inside the subsequent two months. As per the draft prospectus, the corporate plans to lift as much as Rs 5,500 crore by way of a contemporary subject, along with an offer-for-sale (OFS) element of 95.2 million shares.

FirstCry

Brainbees Options, the guardian firm of the net e-commerce platform FirstCry, has resubmitted preliminary paperwork to the Sebi to lift funds by way of an IPO.

One MobiKwik Techniques

One MobiKwik Techniques has filed its draft prospectus with the Sebi to lift Rs 700 crore by way of its IPO. The general public providing, with a face worth of Rs 2 per share, consists completely of a contemporary subject of fairness shares and doesn’t embrace any provide on the market element.

Waaree Energies

Photo voltaic photovoltaic (PV) module producer Waaree Energies has submitted its draft crimson herring prospectus to the Sebi to lift capital through an IPO. The general public providing consists of a contemporary subject of fairness shares amounting to Rs 3,000 crore and a proposal on the market (OFS) of three.2 million shares.

Allied Blenders and Distillers IPO

Final month, Allied Blenders and Distillers obtained approval from market regulator Sebi to lift Rs 1,500 crore by way of an IPO, which features a contemporary subject of as much as Rs 1,000 crore. The IPO is anticipated to be launched inside the subsequent couple of months.

First Printed: Jun 17 2024 | 2:49 PM IST