List of Recent, Current & Upcoming Public IPO Issues in India

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Heard of any upcoming IPOs? An IPO or initial public offering is always big news for the market, particularly when it is for any entity that is doing very well. At any point of time, there are numerous new IPOs that are slated to hit the market. There are numerous upcoming IPO 2021 listings that are anticipated. You can get all the updates on the latest IPO developments and current IPO news along with updated IPO lists wherever available.

Amongst latest IPO news and recent IPOs anticipated, it should be noted that Initial Public Offerings are currently the flavor of the season, particularly on Dalal Street ever since the last few months with numerous entities lining up for IPO listing dates and IPO India. 2021 will be a highly eventful year in this respect, with an upcoming IPO list in place. At least 5 entities launched their offerings in the earlier month and July will be the busiest month by way of IPOs with 11 entities expected to launch their issues with a view towards raising a sum of Rs. 24,000 crore. There are several leading names on new IPO lists including Utkarsh Small Finance Bank, Glenmark Life Sciences and Seven Islands Shipping.

Heard of any upcoming IPOs? An IPO or initial public offering is always big news for the market, particularly when it is for any entity that is doing very well. At any point of time, there are numerous new IPOs that are slated to hit the market. There are numerous upcoming IPO 2021 listings that are anticipated. You can get all the updates on the latest IPO developments and current IPO news along with updated IPO lists wherever available.

Amongst latest IPO news and recent IPOs anticipated, it should be noted that Initial Public Offerings are currently the flavor of the season, particularly on Dalal Street ever since the last few months with numerous entities lining up for IPO listing dates and IPO India. 2021 will be a highly eventful year in this respect, with an upcoming IPO list in place. At least 5 entities launched their offerings in the earlier month and July will be the busiest month by way of IPOs with 11 entities expected to launch their issues with a view towards raising a sum of Rs. 24,000 crore. There are several leading names on new IPO lists including Utkarsh Small Finance Bank, Glenmark Life Sciences and Seven Islands Shipping.

Table of Contents

• List of Upcoming IPO in India
• Upcoming IPO
• FAQ

List of Upcoming IPO in India

Along with probable IPO share prices, you can view IPO today developments by staying abreast of all latest information and news updates in this regard. Here are some upcoming and current IPOs ahead:

1. GR Infraprojects- The IPO (initial public offering) of GR Infraprojects is due for subscription. The public issue contains an offer for sale or OFS of up to 11.5 million shares courtesy of shareholders and promoters.
2. Glenmark Life Sciences- The company obtained approval from the SEBI (Securities and Exchange Board of India), the market regulator, for raising funds through an IPO. The IPO will comprise of a fresh issue of shares that are worth Rs. 1,160 crore and an offer for sale of up to 7.31 million shares courtesy of the parent Glenmark Pharmaceuticals Ltd.
3. Utkarsh Small Finance Bank- Utkarsh Small Finance is planning to raise almost Rs. 1,350 crore via its public offering. The IPO comprises of a fresh issue going up to Rs. 750 crore along with an offer for sale courtesy of Utkarsh Coreinvest of up to Rs. 600 crore. The company will be using the IPO proceeds for augmenting its Tier-I capital base for adhering to future requirements of capital.
4. Shriram Properties- Shriram Properties recently obtained approval of SEBI for raising funds through an IPO. The company is planning to raise a sum of Rs. 800 crore through an IPO. The issue contains a fresh issue of Rs. 250 crore and an offer for sale of up to Rs. 550 crore via current promoters and shareholders.
5. Seven Islands Shipping- The Mumbai-based seaborne logistics entity will have a public issue comprising of a fundraising exercise through a fresh issue worth Rs. 400 crore and offer for sale up to Rs. 200 crore by FIH Mauritius Investments.
6. Nuvoco Vistas- The cement entity of the Nirma Group, Nuvoco Vistas Corp, is planning to raise Rs. 5,000 crore via the IPO. The IPO will contain a fresh issue of Rs. 1,500 crore and offer for sale of Rs. 3,500 crore via the promoter entity, namely Niyogi Enterprise Pvt Ltd.
7. Aadhar Housing Finance- The company will be issuing fresh shares worth Rs. 1,500 crore via the IPO while Blackstone will be selling existing shares worth Rs. 5,800 crore as per the draft red herring prospectus.
8. Vijaya Diagnostics- The Hyderabad-based company may bring in a public issue worth Rs. 2,000 crore soon. The IPO will have the promoters and investors diluting around 35% stake.
9. Ami Organics- Reports indicate that chemical manufacturer Ami Organics is anticipated to launch an IPO worth Rs. 650 crore. This includes Rs. 300 crore as a fresh issue and an offer for sale of up to 6.06 million shares.
10. Clean Science Technology- The Company is planning to raise Rs. 1,400 crore through its initial share sale.
11. Arohan Financial Services- Reports indicate an upcoming IPO of Arohan Financial Services, the Kolkata-based microfinance lending entity. The offer is worth Rs. 1,800 crore and comprises of a fresh issue that is worth Rs. 850 crore and OFS.

Upcoming IPO

As per various reports, LIC (Life Insurance Corporation) of India, Policybazaar, Nykaa and many other entities are already working on their offerings for going public soon this year. However, they are still to file the prospectus with SEBI, the market regulator. 16 companies raised more than Rs. 31,000 crore in the year 2020. Along with Suryoday Small Finance Bank, ESAF Small Finance Bank, StoveKraft, MTAR Tech, Craftsman Automation and Brookfield REIT are also expected to get their listings. 2021 may witness at least 22 IPOs with 5 out of 16 IPOs in 2020, namely Happiest Minds Technologies, Burger King India, Route Mobile, Mrs Bectors Food Specialities and Rossari Biotech, amongst the top gainers on listing day. The companies raised Rs. 31,109.2 crore through their initial public offerings for calendar year 2020.

Experts feel that several prominent entities from sectors like food, education, infrastructure and technology may list in the markets in 2021. The factors include economic reforms and progress made on the same, the RBI’s intentions with regard to keeping liquidity intact and also the fact that investors are eyeing upcoming IPOs with a lot of anticipation. LIC, India’s insurance major, is reportedly planning an IPO with the valuation expected to surpass Rs. 13 lakh crore even! The efforts made by the Government to restore economic momentum through stimulus packages, improved ease of doing business parameters and relaxation in FDI regulations will be key factors behind the flourishing IPO market in 2021.

One of the biggest IPOs in 2021 could be the one by Paytm. Digital payments leader Paytm is prepared to debut in the market this year with an objective towards raising $3 billion or roughly Rs. 22,000 crore. If this is successful, then this may be the largest public offering (IPO) by any Indian company, breaking all the previous records, including the record in 2010 by Coal India of Rs. 15,475 crore. As per the latest reports, the Board of Paytm’s parent entity, One97, has already approved the IPO blueprint. The company is supported by investors such as Berkshire Hathaway, SoftBank Group and Ant Group and is targeting $25-30 billion in valuation which is 1.5-1.8 times of the present valuation of $16 billion. Paytm is currently one of the biggest digital payments providers in India and is ranked at third by way of UPI payments and has overall market share of 12%.

India’s foremost food delivery entity, Zomato recently debuted on the market on 23rd July, with the stock opening on the NSE at Rs. 116, indicating a premium of 52.63% to the final offer price of Rs. 76. The listing price was Rs. 115 on the Bombay Stock Exchange, indicating an increase of 51.32%. The stock closed at Rs. 125.85 on the BSE, growing by 65.59% with regard to the issue price while it closed at Rs. 125.30 on the NSE, indicating growth of 64.87% as compared to the issue price of Rs. 76 for the stock. Institutional investors have strongly responded to the Zomato IPO. This indicates that the float available for trading purposes may have been somewhat restricted, leading to an increased GMP as per experts. Zomato has a positive outlook for the long haul as per several experts. In spite of the healthy valuations and large IPO size at Rs. 9,375 crore, the overall subscription is a decent 38x. The company’s market capitalization has finally surpassed Rs. 1 lakh crore and it touched Rs. 1,08,067.35 crore after debuting nicely on Dalal Street, going ahead of biggies like Shree Cements, BPCL and IOC.

Integrated in the year 2010, Zomato, via the technology platform, links restaurant partners, customers and delivery partners, serving various needs. It also offers restaurant partners with industry-specific marketing tools which also enable engagement and acquiring customers for growing the business. It also operates its unique procurement option named Hyper-pure, which supplies premier ingredients and kitchen products to the restaurant partners. Zomato has two core B2C (business to customer) offerings, namely dining out and food delivery along with the B2B segment of Hyper-pure. Another part of the business is of course Zomato Pro, which is the customer loyalty program that covers both dining out and food delivery. Zomato has gained market share consistently over the last four years for becoming a category leader in the country by way of GOV (gross order value) between October 2020 and March 2021. It generates most of its revenues from food delivery and also related commissions charged from restaurant partners.

The food-tech market is already doing very well, having drawn sizable investments in India. Analysts in the market feel that Zomato is effectively tapping into trends like higher disposable incomes, evolving lifestyles and eating patterns and affinity towards consuming ready to eat foods at discounted rates. Rising digitization amongst millennials and the growing number of working women are key trends which are driving growth in the online food delivery market. As of March this year, Zomato had a presence across 525 Indian cities and 3,89,932 active restaurant listings in tandem with encompassing 23 countries outside India as well. The food delivery major will be utilizing the net proceeds from the fresh issue with an aim towards funding both inorganic and organic growth plans.

Orders increased by a whopping 7.8x at Zomato to 23.89 crore in FY21 from 3.06 crore in FY18. The GOV also grew by 7.1x to Rs. 9,482.9 crore in FY21 from Rs. 1,334 crore in FY18. Revenues did fall by 23.% in FY21 to touch Rs. 1,993.8 crore although growth should rise steadily from FY22 as per the expectations of market analysts. Losses also reduced to Rs. 816.4 crore for FY21 and earnings prior to interest, tax, depreciation and amortization or EBITDA came to Rs. 23.4 crore in FY21. Hence, the stock market journey otherwise looks quite positive for Zomato as per experts.

FAQ

• Q: What are the IPO issued currently?
  A:

  Currently issued IPOs include Glenmark, Network People, Rolex and Rex Pipes to name a few.

• Q: What are the upcoming IPOs in India?
  A:

  Upcoming IPOs in India include One97 Communications Ltd, Anand Rathi Wealth Limited and ESAF Small Finance Bank Limited.

• Q: Who can issue IPO in India?
  A:

  Any company wishing to launch an IPO will have to approach an investment banker. It may be an underwriter, lead manager or merchant banker. There may be more than a single investment banker. They will collect all necessary company information. An unlisted company will have eligibility for a public issue if the pre-issue net worth is more than Rs. 1 crore over the last 3 years out of the last 5 years. With the minimum net worth having to adhere to the requirement of Rs. 1 crore, this should be there in the immediately preceding two years.

• Q: Why are IPOs declining?
  A:

  IPOs may be declining on account of several reasons including anxieties regarding IPO costs, red tape and other liquidity and administrative issues. Corporate failures and bankruptcies previously have also led to many companies shying away from taking the IPO route just yet.