Hyundai India to Ola Electric: Over Rs 50,000 crore worth planned IPOs likely in next few months
market is likely to see a renewed wave of IPO rush in the next three to four months with the general elections out the way. Data and multiple reports suggest that over 30 companies are ready to hit the market in the few months, aiming to raise over Rs 50,000 crore.
Analysts said there are as many as 24 companies planning to launch IPOs worth Rs 30,000 crore.
«The IPO wave will gain further momentum in the coming months. We witness strong investor confidence in the market post-elections with the Modi government returning to power. A total of 24 companies are ready to hit the market in the next couple of months, aiming to raise approximately Rs 30,000 crore through IPOs,» said Mahavir Lunawat, Managing Director, Pantomath Capital.
Some of the expected IPOs in the next few months include that of Ola Electric, FirstCry, Fincare SFB, NSDL, Afcons Infrastructure, Waaree Energies, Asirvad Microfinance, Stanley Lifestyles, One MobiKwik Systems, Emcure Pharmaceuticals, Allied Blenders and Distillers, Shiva Pharmachem, Bansal Wire Industries among others.
Apart from the above companies, South Korean automaker Hyundai Motor, Rekha Jhunjhunwala-backed Baazar Style Retail, Swiggy and Haldiram's are also planning to launch their in the next four to five months. Hyundai India has already filed a draft prospectus with the market regulator Sebi for a nearly $2.5-3 billion public offer.
Meanwhile, snackmaker Haldiram is said to be exploring an IPO after plans to sell stake to foreign investors have stalled, according to reports.
