next More than half a dozen companies, including Hyundai Motor India, Swiggy and NTPC Green Energy, are preparing to launch initial public offerings (IPOs) to raise around Rs 60,000 crore in two months. This will keep the IPO market bustling. Merchant banking sources gave this information. Apart from these three 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.
Plan to raise Rs 60,000 crore
These companies together can raise up to Rs 60,000 crore from IPO. Munish Agarwal, managing director and head (equity capital markets), Equiras, expects more than 30 IPOs between September-end and December. These IPOs will be of different sectors and sizes. These will include issuance of new shares and also an offer for sale (OFS). South Korea's Hyundai Motor Company's Indian Hyundai Motor India Limited is preparing to raise Rs 25,000 crore from IPO. This will be the biggest IPO of the country so far. This could surpass the Rs 21,000 crore IPO mark of Life Insurance Corporation of India (LIC). According to the IPO documents, the entire issue of the vehicle company will be in the form of an offer for sale (OFS) of 14,21,94,700 shares by Hyundai Motor Company. No new shares will be issued in this.
Swiggy's IPO will come
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. 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 join the IPO fray with an offer of Rs 7,000 crore, while Vaari Energies is looking to raise Rs 3,000 crore through OFS besides fresh issue of shares. Niva Bupa Health Insurance and One MobiKwik Systems are planning to raise Rs 3,000 crore and Rs 700 crore, respectively.
A lot of IPOs are coming this year
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. V Prashant Rao, Director and Head-ECM, Investment Banking, Anand Rathi Advisors, said the outlook for the IPO market going forward i.e. 2025 remains broadly positive as the Securities and Exchange Board of India (SEBI) has approved 22 IPOs so far. Has given. In this, companies are planning to raise about Rs 25,000 crore.
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