New Delhi: In the first four months of this fiscal (April-July), the primary market was in turmoil. A total of 12 companies raised Rs. 27,052 crores were mobilized. More and more companies are planning to launch IPOs along this path. Currently four companies are Devyani International, Windlass Biotech, Krisna Diagnostics and Exaro Tiles. Issues will start from the 4th of this month. For the rest of this year (2021–22), another 40 companies are preparing for a public issue, according to Hemang, head of equity at Sanctum Wealth Management. Versace Rs. 70,000 crore could be mobilized.
Well known brands
Kaushalendra Singh S, Founder CEO, Invest19, said that many well-known brands (companies) familiar to retail investors will greet the primary markets. The list includes Paytm, MobiQuick, Policy Bazaar, Cartrade Tech, Delhi and Nike. He explained that the bull trend in the secondary markets domestically was a boon to IPOs. This will enable companies to raise funds at maximum value. As a result many promoters have expressed interest in selling their shares at higher values.
Invitations
During the period under review, the PSU giant Powergrid raised Rs. 7,735 crore. Last year (2020–21), 30 companies raised Rs. 31,277 crore investments were received. These are the highest compared to two years ago. Due to the slowdown in the capital markets, 13 companies are expected to raise Rs. 20,352 crore. In 2018-19, 14 companies raised Rs. Only Rs 14,719 crore was received. However, in 2017–18, a total of 45 companies raised Rs. 82,109 crore!
Josh of Startups
Analysts said the recent IPO markets have been boosted by companies raising funds from a variety of sectors, including technology, specialty chemicals, dairy and pharmaceuticals. Pratik Singh, founder of LearnAp.com, believes that many tech startups can also benefit from a public issue. Market analysts said that IPOs like Dodla Dairy, India Pesticides, Shyam Metallics, Tatva Chintan, GR Infra, CleanScience, etc. received 29–180 times the response, listing with a profit of between 14–110 per cent.
PolicyBazaar Prospectus
Through IPO, Rs. PolicyBazaar has recently filed a prospectus with the Securities and Exchange Board of India (SEBI) seeking permission to raise Rs 6,108 crore. As part of the issue, Rs. 3,750 crore worth of new equity will be issued. Another Rs. The company said in a statement that it would offer 2,268 crore worth of shares to its shareholders.
SEBI has given the green signal to Fincare Small Finance Bank to take up a public issue for Fincare Small Bank. With this, Rs. The company is preparing to raise Rs 1,330 crore. As part of the IPO, the promoter, Fincare Business Services, raised Rs. 1,000 crore worth of equity will be put up for sale. In addition another Rs. 330 crore worth of shares will be freshly issued.
Adani Wilmer IPO trail
Cooking oil giant Adani Wilmer has taken to the public issue. To this end, the capital market regulator has filed a prospectus with SEBI. Thus, Rs. 4,500 crore. The company mainly manufactures and sells cooking oils under the Fortune and Aadhaar brands. It is learned that six other companies in the Adani Group are currently listed on the stock exchanges.
Five companies from the pharma and healthcare sectors are coming to IPOs in the next two weeks. Jointly Rs. 8,300 crore will be mobilized. Emcure Pharma has raised Rs. 4,000 crore, Vijaya Diagnostic Rs. 1,500 crore, Krhna Diagnostics Rs. 1,200 crore, Supriya Life Sciences Rs. 1,200 crore, Windlass Biotech Rs. 400 crore each