Home Business IPO market to remain hot in December, preparations to launch 3-4 public...

IPO market to remain hot in December, preparations to launch 3-4 public issues

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SBI Card issued its IPO in early March this year. But the IPO was not hit due to coronavirus infection and its impact on the economy. All benchmark indices were down nearly 25 percent in March compared to January’s highest level.

This was followed by the IPO of Rossari Biotech in July. The company had to cancel its press conference due to coronavirus infection. After this the IPO of Happiest Minds Technologies, Root Mobile, and Mazagon Dock Shipbuilders Limited, which were taken up by investors.

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By November, the Nifty and the Sensex have risen 70% from their March low. Foreign investment has increased considerably with the country’s economy expected to be strong. Only in November, foreign investors have invested a record Rs 55,577 crore.

IPO in Pipeline

Among the companies preparing to launch their IPO are Mrs Bectors Food, LIC, ESAF Small Finance Bank (ESAF Small Finance Bank), Nazara Technologies, Burger King, Companies such as RailTel, Kalyan Jewellers, National Stock Exchange (NSE) and Zomato. Of these, half a dozen companies such as Mrs. Bectors Food, Kalyan Jewellers and Burger King will launch their IPOs by the end of this year. At the same time, IPO of RailTel, LIC, Zomato and NSE will be launched next year.

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IPOs of these companies will come in December

Kalyan Jewellers will launch its IPO in December this year. According to the draft Red Herring Prospectus (DRHP) submitted to SEBI, the company aims to raise Rs 1750 crore through an IPO. In this, the company will issue fresh shares worth 1000 crores and will offer an offer for sale of Rs 750 crores.

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Apart from this, ESAF Small Finance Bank will also bring its IPO of Rs 1000 crore in December. In this, the company’s existing shareholders PI Venture and Bajaj Allianz Life Insurance will sell shares worth Rs 200 crore and the company will issue fresh shares worth Rs 800 crore. At the same time, Burger King will launch an IPO of Rs 542 crore, in which fresh shares worth Rs 400 crore will be issued. Apart from these, Mrs Bectors Food’s IPO of Rs 550 crore can also be launched in December.

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