Suspense Crime Sach Ka Dam
In the next two months, more than half a dozen companies including Hyundai Motor India, Swiggy, and NTPC Green Energy are preparing to bring initial public offerings (IPOs) to raise about Rs 60,000 crore. This will keep the IPO market abuzz. Merchant banking sources gave this information. Apart from these three companies, Afcons Infrastructure, Wari Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies that are preparing to bring IPOs during October-November.
Plan to raise Rs 60,000 crore.
These companies together can raise Rs 60,000 crore from the IPO. Munish Aggarwal, Managing Director and Head (Equity Capital Markets) of Equiras expects more than 30 IPOs to come between the end of September and December. These IPOs will be of different sectors and sizes. These will include new shares being issued and an offer for sale (OFS). South Korea’s Hyundai Motor Company’s Indian Hyundai Motor India Limited is preparing to raise Rs 25,000 crore from the IPO. This will be the country’s largest IPO so far. It can surpass the figure of the Life Insurance Corporation of India (LIC)’s Rs 21,000 crore IPO. According to the IPO documents, the entire issue of the automobile company will be in the form of an offer for sale (OFS) of 14,21,94,700 shares from Hyundai Motor Company. No new shares will be issued in this.
Swiggy’s IPO will come.
Other major IPOs include the share sale of Swiggy, an online food delivery company. According to sources, Swiggy is aiming to raise Rs 10,414 crore through the sale of new shares and OFS. Swiggy’s IPO will include the issuance of new shares worth Rs 3,750 crore and the sale offer of 18.52 crore shares worth Rs 6,664 crore. Apart from this, NTPC Green Energy, the renewable energy company of the public sector NTPC, is planning to bring its Rs 10,000 crore IPO in the first week of November. Shapoorji Pallonji Group’s construction company Afcons Infrastructure will also join the IPO race with an offer of Rs 7,000 crore, while Wari Energies is preparing to raise Rs 3,000 crore through the issue of new shares apart from OFS. Niva Bupa Health Insurance and One MobiKwik Systems are planning to raise Rs 3,000 crore and Rs 700 crore, respectively.
Many IPOs are coming this year.
Apart from this, 62 companies including Bajaj Housing Finance, Ola Electric Mobility and FirstCry’s parent company Brainbees Solutions have already collectively raised Rs 64,000 crore through main-stage IPOs. This is 29 percent more than the figure of Rs 49,436 crore raised by 57 companies through this route in 2023. V Prashant Rao, Director, and Head-ECM, Investment Banking, Anand Rathi Advisors, said that the outlook for the IPO market in the future i.e. 2025 also remains broadly positive as the Securities and Exchange Board of India (SEBI) has approved 22 IPOs so far. In this, companies are planning to raise about Rs 25,000 crore.
