New Delhi : There is going to be a stir in the IPO market in the coming 2 months. More than 6 companies including Hyundai Motor India, Swiggy and NTPC Green Energy are going to launch IPO. These companies are preparing to raise about Rs 60,000 crore through these IPOs. Merchant banking sources have informed that this has created turmoil in the IPO market.
Apart from these 3 companies, Afcons Infrastructure, Vari Energies, Niva Bupa Health Insurance, One MobiKwik Systems and Garuda Construction are among the companies which are preparing to launch IPO during October-November. These companies together can raise up to Rs 60,000 crore from IPO.
More than 30 IPOs
Munish Aggarwal, managing director and head of equity capital markets at Equiras, expects more than 30 IPOs between the end of September and December. These IPOs will be of different sectors and sizes. New shares will be issued in these and sale offer i.e. OFS will also be included.
The country's biggest IPO till date
Hyundai Motor India Limited, the Indian subsidiary of South Korea's Hyundai Motor Company, is preparing to raise Rs 25,000 crore from IPO. This will be the country's biggest IPO so far. This can cross the IPO figure of Rs 21,000 crore of Life Insurance Corporation of India i.e. LIC. According to the IPO documents, the entire issue of the vehicle company will be in the form of an offer for sale or OFS of 14,21,94,700 shares by Hyundai Motor Company. No new shares will be issued in this.
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Target to raise Rs 10,414 crore
Other major IPOs include the share sale of online food delivery company Swiggy. According to sources, Swiggy is targeting to raise Rs 10,414 crore through sale of new shares and OFS. Swiggy's IPO will involve issuance of new shares worth Rs 3,750 crore and offer for sale of 18.52 crore shares worth Rs 6,664 crore.
Renewable energy company NTPC Green Energy
Apart from this, NTPC's renewable energy company NTPC Green Energy is planning to launch its Rs 10,000 crore IPO in the first week of November. Shapoorji Pallonji Group's construction company Afcons Infrastructure will also enter the IPO race with an offer of Rs 7,000 crore, while Vaari Energies is preparing to raise Rs 3,000 crore through OFS besides issue of new shares.
Raised Rs 64,000 crore
Niva Bupa Health Insurance and One MobiKwik Systems are planning to raise Rs 3,000 crore and Rs 700 crore, respectively. Additionally, 62 companies, including Bajaj Housing Finance, Ola Electric Mobility and FirstCry's parent company Brainbees Solutions, have already collectively raised Rs 64,000 crore through IPOs on the main platform. This is 29 percent more than the figure of Rs 49,436 crore raised by 57 companies through this route in 2023.
22 IPOs approved
V Prashant Rao, Director and Head-ECM, Investment Banking, Anand Rathi Advisors, said that the outlook for the IPO market in the coming year i.e. 2025 also remains broadly positive as the Securities and Exchange Board of India (SEBI) has approved 22 IPOs so far. Has been approved. In this, companies are planning to raise about Rs 25,000 crore.
(with agency input)
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