Today, Burger King India made a strong share market debut and stock listed at whopping 92.25% gain over issue price and locked with the gain of 125% on BSE. The gains were massive for investors resulting Nifty and Sensex hit record highs.
Nearly 25+ unlisted companies are planning to launch their initial public offering (IPO) amid bullish market sentiment. Here is the long list:
Also See: How to Apply for an IPO online?
1. Mrs Bectors Food
Mrs Bectors Food manufactures and markets a range of products such as biscuits, breads and buns. It markets a wide variety of biscuits and bread under the flagship brand 'Mrs Bector's Cremica' and the 'English Oven' respectively.
Mrs Bectors Food Specialties is planning to raise ₹550 crore through an initial share-sale. The IPO comprises fresh issuance of shares worth ₹50 crore and offer of sale to the tune of ₹500 crore by existing shareholders.
Net proceeds of the issue would be utilised for financing the project cost towards expansion of the Rajpura manufacturing facility by establishing a new production line for biscuits and for general corporate purpose.
IPO Opening Date: Dec 15, 2020
IPO Closing Date: Dec 17, 2020
Min Order Quantity: 50 Shares
Listing At: BSE, NSE
Basis of Allotment Date: Dec 22, 2020
Initiation of Refunds: Dec 23, 2020
Credit of Shares to Demat Account: Dec 24, 2020
IPO Listing Date: Dec 28, 2020
2. ESAF Small Finance Bank
Incorporated in 2016, ESAF Small Finance Bank Limited is a relatively new entrant into the already populated banking space. Within a short period of just 4 years, the company has managed to quickly grow in size and strength. ESAF Small Finance Bank currently has over 400 branches across the country and more than 4,000 employees. The company enjoys a diversified product portfolio that caters to not only the underserved segment, but also customers originating from Tier-1, Tier-2, and Tier-3 cities.
The total issue size of the ESAF IPO stands at around Rs. 976.24 crores, of which Rs. 800 crores is likely to come from a fresh issue of shares by the company. The upcoming IPO issue consists of an Offer for Sale (OFS) component as well, which is likely to come up to around Rs. 176.24 crores.
The company has received in-principle approvals from both the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) with respect to the listing of its shares.
3. RailTel Corporation of India Limited
Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company. The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers.
RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. As on 30 June 2020, it has covered an optic fiber network over 55,000 Km and 5677 railway stations. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.
4. Kalyan Jewellers
Founded in 1993, the jewellery retailer has a strong brand presence in India. In total, it has 200 plus outlets, both in India and abroad. At the end of June, 2020, the company had 107 showrooms across India and 30 showrooms in the Middle East. Kalyan Jewellers is the biggest retail offer in the last three years. In March 2017, DMart launched its Rs 1,870 crore IPO, which was the biggest retail share offering.
Kalyan Jewellers is one of the most anticipated IPOs to get launched as there are only few jewellery makers listed in the market. Given the robust liquidity in the current scenario coupled with favourable valuations, recent corporate earnings and trends of recovery, analysts expect a strong response for Kalyan Jewellers.
Kerala-based Kalyan Jewellers is likely to hit the primary market in December to raise Rs 1,750 crore from the general public. The jewellery showroom chain had received SEBI's approval on October 15.
5. Home First Finance (HFFC)
Mortgage Financier Home First Finance (HFFC) is coming up with Rs 1,500 crore through the initial public offering (IPO) route. The company intends to utilize the net proceeds towards augmenting its capital base to meet its future capital requirements, arising out of the growth of its business and assets and to receive the benefits of listing of the equity shares on the stock exchanges.
Between FY17-19, Homefirst’s gross loan assets grew at a 69.8% CAGR from Rs 847.32 crore to Rs 3,113.38 crore as of September 30, 2019. Salaried customers accounted for 72.6% and self-employed customers accounted for 24.6% of Gross Loan Assets. The company’s loans have an average ticket size of Rs 10.4 lakh mainly accounting for purchase and construction of homes.
6. National Commodity & Derivatives Exchange Limited (NCDEX)
Agricultural commodity bourse, National Commodity and Derivatives Exchange Ltd (NCDEX) is coming up with Rs 500-crore initial public offer (IPO). The offering comprises a fresh issue aggregating up to Rs 100 crore and an offer for sale of up to 1.44 crore shares.
The exchange offers services across the entire post-harvest agricultural commodities value chain by utilising a varied presence, which has enabled it to create a wide network of stakeholders and market participants. It also engages in research, training and building awareness in agricultural commodities market through NCDEX Institute of Commodity Markets and Research.
After BSE and MCX, this would be the third listing by an exchange.
- National Stock Exchange (NSE) holds 15%
- Life Insurance Corporation of India (LIC)
- NABARD have 11.10% each.
- IFFCO has 10%
- Oman India Joint Investment Fund 10%
- Punjab National Bank 7.29%
NCDEX has proposed to utilise the net proceeds towards contribution to the core settlement guarantee fund, net worth requirements of National Commodity Clearing Limited and general corporate purposes. The shares are proposed to be listed on the BSE and NSE.
7. Lodha Developers Limited
Incorporated in 1995, Mumbai based Lodha Developers Limited is a company engaged in the business of real estate development. According to Liases Foras, it was the largest real estate developer in India by residential Sales in 2017.
The company develops real estate across the residential and commercial sectors in the Mumbai Metropolitan Region (the "MMR"), Pune and London. In the residential sector, it develops properties with unit values ranging from ₹ 3.50 million to ₹ 590 million. In the commercial sector, it develops office and retail projects on lease model and sale model.
Lodha Developers focuses on branded realty and owns multiple brands including "CASA by Lodha" for affordable housing, the "Lodha" and "Lodha Luxury" for premium projects. In the office space, its brands include"iThink", "Lodha Excelus" and "Lodha Supremus".
As of December 31, 2017, the company had 37 ongoing projects (35 projects were in India and two were in London) accounting for a Developable Area of 33.80 million square feet. It had 22 planned projects in India with a Developable Area of 64.21 million square feet.
As of December 31, 2017, 114 units with total Sales value of GBP 277.65 million were sold.
8. Life Insurance Corporation (LIC)
One of the biggest IPOs in India LIC IPO. LIC is a 100% government-owned company. Life Insurance Corporation of India is the largest institutional investor and insurer. Seeing its growth and performance, the government of India now decides to sell the part of its holding in LIC through Initial Public Offer.
LIC is the only insurer that offers the sovereign guarantee that ensures the complete security of policyholders. In the latest presentation of the budget 2020-21, Finance Minister Nirmala Sitharaman announced the sale of a stake in LIC
through IPO in the next fiscal.
The largest insurer industry that entered privatization in 2020 it is able to make up the 70.52% market share till December 2019. In its tenure of 10 years FY09 and FY19, LIC showed a big jump of 291% in its income. By the end of 2019, the income of LIC from investment was equal to Rs 2,21.573.72 crore.
By reaching this value, LIC was able to meet 90.18% of its yearly target.
Apart from this, another profit share of the LIC comes from life insurer books. The company earns around also earn Rs 18,000 to Rs 25,000 crore in equity profit.
In FY19, the equity profit was around 23,600 crore. This value was little less than the FY18 which was 25,650 crores.
Taking the total income (premium and investment), the net income of LIC is Rs 5.61 lakh crore in FY19 which was around 180% more than the income of FY09.
9. Stove Kraft
Stovekraft makes and sells a wide range of kitchen products, including pressure cookers, non-stick cookware, gas and induction cooktops, mixer-grinders and chimneys under the Pigeon and Gilma brands. The Pigeon brand contributed 81.24% to overall sales for fiscal 2019.
Silicon Valley-based Sequoia Capital is looking to sell a part of its stake in Stovekraft Pvt. Ltd, worth around ₹310 crore through the kitchen appliances maker’s proposed initial public offering (IPO). It plans to raise up to ₹145 crore via a fresh issue of shares, which will be used to repay debt and for other general corporate purposes, said one person aware of its share sale plans.
Sequoia had first picked up a significant minority stake in Stovekraft in 2010 for ₹50 crore. Stovekraft has a manufacturing plant in Bengaluru and one in Baddi, Himachal Pradesh. It is present in Kenya, Uganda, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, Oman and Tanzania. The company has also entered the LED lighting market with its Pigeon brand, catering to both domestic and commercial consumers.
10. Nazara Technologies Limited
Rakesh Jhunjhunwala-backed tech startup Nazara Technologies Limited is one of the leading ‘Interactive Gaming and new age Sports Media’ company headquartered in Mumbai and having operations in 60 countries spread across India, Asia, Africa and Middle East. Nazara has diversified business models and comprise of Subscription, Freemium, esports, Skill Based Gaming in India and Chance based Gaming business in Kenya, Africa.
Nazara Technologies is the brain behind some of the popular games like Chhota Bheem, Motu and Patlu Series and World Cricket Championship.
Nazara’s goal is to cater to billion plus mobile internet players across emerging markets who have embraced social multiplayer interactive gaming as the foremost form of entertainment. Nazara generates revenues from following business models and partners with digital payment providers, telecom carriers, ISPs and ad networks to offer a seamless intuitive experience to the players on Nazara’s offerings.
11. The Park Hotels
Park Hotels has pioneered the concept of luxury boutique hotel in India under "THE PARK" brand. Park Hotels is coming up with ₹1,000 crore initial public offer (IPO). The IPO comprises a fresh issue of up to ₹400 crore and an offer-for-sale (OFS) of up to ₹600 crore (expected). The company proposes to utilise the net proceeds towards repayment/prepayment of certain borrowings availed and for general corporate purposes.
The company has presence in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR as well as in other major cities such as Coimbatore, Jaipur, Jodhpur, Jammu, Navi Mumbai, Raipur and Visakhapatnam etc.
The shares of the company are proposed to be listed on the BSE and NSE.
12. HDB Financial Services
HDFC is the largest private sector lender bank which is known for its stellar performance on the streets for years. The bank’s subsidiary that is HDB Financial Services in which bank holds 95.5% stake is swiftly gaining an edge. The HDB was set up as a non-banking finance company by HDFC bank in June 2007 and commenced operations in the year 2018.HDB, founded in 2007, offers various products such as personal loans, commercial vehicle loans, gold loans, and loans against property.
Valued at over Rs 80,000 crore in the grey market, HDB is making it the country’s fourth most valuable non-bank lender at the existing prices.
As per ET, Brokers and market experts say HDB Financial Services is being traded heavily in the grey market at Rs 1,000–1,050 per share in hopes of an early initial public offering.
13. Bajaj Energy
Bajaj Energy had received capital markets regulator Sebi’s go-ahead to raise an estimated Rs 5,450 crore through an initial share-sale offer. According to draft papers, Bajaj Energy’s initial public offer (IPO) comprises fresh issuance of shares aggregating up to Rs 5,150 crore and an offer for sale of scrips up to Rs 300 crore by Bajaj Power Ventures. The company plans to utilise the proceeds from the IPO to purchase 6,99,36,900 equity shares of Lalitpur Power Generation Company from Bajaj Power Ventures and Bajaj Hindustan Sugar for Rs 4,972 crore, and the remaining amount will be utilized for general expenses.
Bajaj Power owns 100% stake in Bajaj Energy.
Note: The company, which filed its IPO papers with Sebi in April, obtained the regulator’s “observations” on August 30, the latest update available with the capital markets watchdog showed. Sebi’s observation is necessary for any company planning to launch public issues. Let’s see when it is available for us to subscribe.
14. NSE Ltd.
NSE aims to raise about Rs 10,000 crore from the IPO which would result in existing promoters selling 22–24% of their stakes. LIC of India, SBI Group, IDBI, Norwest Venture Partners and GS Strategic Investments Ltd (Mauritius) are among the shareholders that may sell a portion of their stake through the public offering. The market regulator had alleged that the exchange officials in collusion with a few traders and brokers. The NSE has reached out to the finance ministry and Securities and Exchange Board of India (Sebi) seeking their opinion about its plan to restart the IPO process and complete it sometime next year.
Construction company Montecarlo Ltd has filed fresh IPO papers with capital markets regulator Sebi to raise an estimated Rs 550 crore. The initial public offer (IPO) comprises fresh issuance of shares worth Rs 450 crore, besides an offer for sale of up to 30 lakh equity stocks by existing shareholder Kanubhai M Patel Trust, as per the draft papers. The company may consider a pre-IPO placement for an aggregate amount not exceeding Rs 100 crore.
Online travel company EaseMyTrip has filed draft papers with capital markets regulator Sebi to float a Rs 510 crore initial public offering. Through the IPO, the company’s founders Nishant Pitti and Rikant Pitti will each sell shares to the tune of Rs 255 crore through the offer-for-sale mechanism, according to draft papers filed with the Securities and Exchange Board of India (Sebi). EaseMyTrip.com is operated by Easy Trip Planners Private Ltd. The city-based company said the object of the public issue is to achieve the benefits of listing the equity shares on stock exchanges.
17. Tata Technologies
The Tata Group has revived plans to list Tata Technologies, an engineering solutions and IT product developing arm of Tata Motors, on the local bourses. The company is planning to raise Rs 1,400 crore through an initial public offering (IPO). Tata Motors holds a 70.43% stake in Tata Technologies, while Alpha TC, a wholly-owned subsidiary of the partnership sponsored by Mizuho Securities and other international investors, owns 8.71% in the company.
Tata Technologies was planning an IPO in 2008 to fund expansion and repay some of its debts, but the plan was dropped due to the global market meltdown.
Along with Matrimony.com, Info Edge also is the owner of Jeevansathi.com. The pure-play internet company might launch Jeevansathi in the market next year. In the second-quarter earnings, Info Edge’s EBITDA declined due to higher losses in Jeevansathi, said Jefferies. This could be one of the reasons to raise funds for the company.
19. HDFC ERGO
Yes, you are right. HDFC is coming up with two IPOs in 2020. HDFC Ergo provides general insurance policies, while HDFC Credilia offers education loans. These two subsidiaries of the parent company will be a good competition for the life insurance players and share market investors or IPO investors can expect good returns in the IPO.
20. Kotak Mahindra AMC
Kotak Mahindra Bank is planning to introduce its AMC business to the stock market. There are reports that it’s expected to hit the market next year. Starting its operations in 1998, the company today has its presence in 82 cities and has 86 branches. Kotak AMC’s asset under management is Rs 1.7 lakh crore and of which Rs 50,000 crore is in equity.
21. Aditya Birla AMC
Aditya Birla AMC stands as the sixth company in-line to enter the secondary market. Established in 1994, the company’s total domestic assets under management (AUM) is close to Rs. 2,540 billion for the quarter ended June 30th, 2019. It has over 7 million investor folios as of June 30th, 2019. IPO date and size has not yet disclosed officially.
22. Reliance Jio and Reliance Retail
Reliance Industries is planning to launch its two strongest weapons in the market next year i.e. Reliance Jio and Reliance Retail. RIL is said to have made clear in the discussions that an IPO will take place only after the company sees its recently demerged fibre and tower businesses — Jio Digital Fibre Pvt Ltd and Reliance Jio Infratel Pvt Ltd respectively — get monetised via investors in the two InvITs.
“We have received strong interest from strategic and financial investors in our consumer businesses, Jio and Reliance Retail. We will induct leading global partners in these businesses in the next few quarters, and move towards listing of both these companies within the next five years,” Mukesh Ambani
23. Axis Bank AMC
Axis Bank will most likely to launch its AMC arm next year. There are still no reports on the listing but Axis AMC will be the third asset manager if it enters the secondary market early next year. As of September 2019, the company manages Rs 1,05,526.17 crore worth of assets. Currently, the AMC has been tied up with HDFC Life Insurance Company to offer insurance covers.
24. L&T AMC
L&T is the third company to launch its AMC business in the market. There are no details on the listing yet. They are expected to launch their IPO soon, the company manages Rs 69,213.42 crore worth of assets.
25. Exide Life Insurance Company.
Currently, there are three listed life insurance companies in the market, and it seems Exide Life Insurance Company could be the next one in line. The company began its operations in 2002 and today, manages assets worth Rs 14,300 crore. There are no reports on the listing of this company yet but they are expected to launch their IPO soon.
Also See: How to Apply for IPO
This link will explain a step by step process to apply for the IPOs in India.
IPOs has performed significantly well with premium as much as whopping 123%.
Hope it goes well during year end and next year.
Research Analyst (SEBI Regd.)
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