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IPO season is about to hit D-Street with a total of more
than 30,000 crores of public issues lined up.
The market had to face a tough phase since the start of this
calendar year and the primary market had also to face the heat. Only three companies
have come out with an initial public offer till now in this calendar year as
against 11 companies came out with a public issue during the same period last
calendar year. This year, SBI Cards
& Payment Services came out with a public issue worth 10,000 crore in
March, followed by Rossari Biotech’s Rs 500 crore issue and Mindspace Business
Parks REIT which raised Rs 4,500 core in July.
However, with the reopening of economy, stock market are
regaining the confidence of investors. Around 30-35 companies have received
approvals for initial public offerings (IPOs) totalling around Rs 33,500 crore.
It is expected that going ahead, this calendar year may see at least six more
IPOs which may bring between Rs 10,000-28,000 crore money in the primary market.
This season will start with the Rs 702-crore public issue of
Happiest Minds. Other few IPOs lined up are as below:
- Route Mobile – ~Rs 600 crore IPO
- CAMS backed by NSE -~Rs 1,500-2,000 crore
- Chemcon Speciality Chemicals -~ Rs 350 crore
- UTI AMC -~ Rs 3,000 crore
- Angel Broking -~ Rs 600 crore
- IRFC -~ Rs 4,000 crore
- Equitas Small Finance Bank -~Rs 1,000 crore
- National Stock Exchange -~Rs 10,000 crore
- Gland Pharma -~Rs 5,000-6,000 crore
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