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Almost 15 companies went public in 2020 and more than Rs 25,000 crores were raised from the IPOs. Some IPOs like Happiest Minds, Chemcon Speciality, Mazagon Dock Shipbuilders, Burger King and Mrs Bectors’ were subscribed more than 149 times. Some reports suggest that around 30 companies are planning to raise more than 30,000 crores from the markets. Most of the IPOs were to be launched in December 2020, but for reasons unknown have been postponed. Now we will show you the companies that are expected to launch their IPOs in 2021.
1. LIC (Live Insurance Company Limited)
Finance Minister Nirmala Sitaraman announced in Union Budget 2021 that LIC IPO will be completed in 2021. This insurance company issue size around Rs 70,000-80,000 crores. It has also been said that 10% of the issue size will be reserved for policyholders.
2. Zomato
This company is a platform that connects customers, restaurant partners and delivery partners, serving their multiple needs. In December 2020, Zomato was engaged in 526 cities in India along with 350,174 active restaurant listings. It also has a presence in 23 countries across the globe. The issue size of this company is Rs 8,250 crores.
3. Nykaa
This company might take its place at a stock exchange listing by the end of 2021 or early 2022 at a valuation of three billion dollars. Presently, the company had raised an undisclosed amount which valued the company at 1.8 billion dollars approximately.
4. Fincare Small Finance Bank
This company plans to raise Rs 1,330 crores through the IPO. The offer size of the company will be a combination of Rs 330 crores and an offer for sale worth Rs 1,000 crores. Fincare SFB is a microfinance firm situated in Banglore.
5. Nuvoco Vistas
This company is the cement arm of the household brand Nirma Ltd. The issue size of this company IPO is Rs 5,000 crores of which Rs 1,500 crores will be a fresh issue and the rest will be for sale.
6. India Pesticides
This company is an agrochemical R&D company. Their public offers comprise Rs 800 crores. Of the total issue size, Rs 100 crores will be a fresh issue and Rs 700 crores will be an offer for sale. The issue will be utilised for working capital requirements from the net proceeds.
7. Bajaj Energy
The IPO size of this company is expected to be around Rs 5,450 crores, of which Rs 5,150 crores will be a fresh issue. From the proceeds of the IPO, the company has said it is looking to acquire Lalitpur Power’s 1,980 MW.
8. Aditya Birla Sun Life AMC
Aditya Birla Sun Life Asset Management Company (AMC) is a subsidiary of Aditya Birla Capital. This company filed its draft red herring prospectus in April 2021. The entire issue will be an offer for sale (OFS) of Rs 28.5 lakhs shares. As per Morningstar daily, the company’s AUM in March 2021 was Rs 2.66 lakh crores.
9. Apeejay Surrendra Park Hotels
The company’s chain may raise to Rs 1,000 crores in its IPO. The IPO may comprise a fresh issue of up to Rs 400 crores and an offer for sale of Rs 600 crores.
10. Shyam Steel
The company’s IPO size will be Rs 500 crores that will be a combination of an offer for sale and a fresh issue. The company is situated in Kolkata.
11. Annai Infra Developers
This company IPO size is expected to be Rs 200-250 crores. The Annai Infra Developers is an engineering, procurement and construction firm in the water management and irrigation segment specifically.
12. SAMHI Hotels
This company manages few prominent hotels such as Courtyard by Marriott in Bengaluru, few branches of Fairfield by Marriott in Bengaluru, Four points by Sheraton in Vishakapatnam among others. The IPO size is Rs 1,800-2000 crores. This comprises a fresh issue of Rs 1,100 crores. SAMHI Hotels may be using the proceeds to pay off the indebtedness and for general corporate purposes.
13. Studds Accessories
This company is a manufacturer of helmets, motorcycle accessories and riding gears. The company’s managing director had said in an interview in August 2020 that the company has an approximate market share of 30%, which it aims to make it up to 405 in the next three years.
14. GoFirst (erstwhile GoAir)
The IPO of this company will be worth Rs 3,600 crores. This company aims to repay the debt of around Rs 2,000 crores owned to Indian Oil Corp for jet fuel.
15. Devyani International
This company has the largest franchisee of Pizza Hut, KFC and Costa Coffee. Devyani plans to raise Rs 1,400 crores through the IPO and out of which Rs 400 crores will be a fresh issue on the other side 12.5 crores will be sold through an offer for sale. The company’s agenda is to repay all borrowings of around Rs 360 crores.
16. Penna Cements
This company plans to raise Rs 1,550 crores through its IPO. Their fresh issue is Rs 1,300 crores and Rs 250 crores is through an offer for sale. Penna Cements wants to repay borrowings, up-grade raw materials and set up a waste heat recovering plant.
17. CarTrade Tech
This company is an online auto classifieds platform. The company expects to raise Rs 2,000 crores through an offer for sale.