An IPO of around Rs 10,414 crore has been approved for Swiggy.
It is expected that during the following three to four months, there will be a significant increase in initial public offers (IPOs) on the main market. In the upcoming months, over 30 startups plan to launch in an effort to raise more than Rs 50,000 crore.
According to analysts mentioned in the paper, up to 24 companies intend to initiate initial public offerings (IPOs) for a combined Rs 30,000 crore.
The managing director of Pantomath Capital, Mahavir Lunawat, was mentioned in the report as stating that “the IPO wave will gain further momentum in the coming months.” After the elections, with the Modi government coming back to power, we observe high investor confidence in the market. Twenty-four companies are prepared to go public in the next months with the goal of raising about Rs 30,000 crore through an initial public offering (IPO).
Afcons Infrastructure, Emcure Pharmaceuticals, Allied Blenders and Distillers, Shiva Pharmachem, Stanley Lifestyles, Ola Electric, FirstCry, Waaree Energies, Fincare Small Finance Bank, Bansal Wire Industries, NSDL, and Asirvad Microfinance are among the companies whose initial public offerings (IPOs) are anticipated in the upcoming months.
In the next four to five months, South Korean manufacturer Hyundai Motor, Rekha Jhunjhunwala-backed Baazar Style Retail, Swiggy, and Haldiram’s all want to launch their initial public offerings (IPOs). For a public offering valued at around $2.5–$3 billion, Hyundai India has already filed a draft prospectus to the Securities and Exchange Board of India (Sebi).
Haldiram’s is apparently thinking about going public in the interim as plans to sell a portion to foreign investors have fallen through. Early in March of this year, Kolkata-based Baazar Style Retail filed for an initial public offering (IPO). The offering comprises 1.68 crore shares and new equity sales totaling Rs 185 crore.
Recently, Swiggy’s IPO of about Rs 10,414 crore was approved. With an offer-for-sale component of up to Rs 6,664 crore included in the IPO, the company hopes to raise an additional Rs 3,750 crore in cash.
In the ensuing six months, other IPOs:
Electric Ola
Ola Electric, the biggest producer of electric two-wheelers in India, is expected to undertake its initial public offering (IPO) in the next two months after receiving approval from the Sebi. The company intends to raise up to Rs 5,500 crore through a fresh issuance and an offer-for-sale (OFS) component of 95.2 million shares, as per the draft prospectus.
InitialCry
The parent business of FirstCry, an online e-commerce platform, Brainbees Solutions, has resubmitted preliminary documents to the Sebi in an effort to acquire money through an initial public offering (IPO).
MobiKwik Systems, one
In order to generate Rs 700 crore through its initial public offering (IPO), One MobiKwik Systems has submitted a draft prospectus to the Sebi. There is no offer for sale component to the public offering, which has a face value of Rs 2 per share and is solely a new issuance of equity shares.
Waaree Powers
In order to acquire money through an initial public offering (IPO), solar photovoltaic (PV) module maker Waaree Energies has filed its draft red herring prospectus to the Sebi. A new issue of equity shares of Rs 3,000 crore and an offer for sale (OFS) of 3.2 million shares make up the public offering.
The IPO of Allied Blenders and Distillers
The market regulator Sebi granted Allied Blenders and Distillers permission last month to raise Rs 1,500 crore through an initial public offering (IPO), which includes a new issue of up to Rs 1,000 crore. It is anticipated that the IPO will begin in the next months.