Upcoming Surge in IPOs: A Booming Primary Market Ahead
Exciting times are ahead for investors as the primary market is set to experience a significant surge in the coming months. With more than half a dozen prominent companies including Hyundai Motor India, Swiggy, and NTPC Green Energy preparing to launch their Initial Public Offerings (IPOs), a total fundraising target of approximately ₹60,000 crore is in sight. These IPOs, slated for launch between late September and November, signal a promising trend in the financial landscape.
Key Players in the Upcoming IPO Scene
In addition to Hyundai, Swiggy, and NTPC Green Energy, several other notable companies are gearing up to enter the IPO market. These include:
- Afcons Infrastructure
- Vari Energies
- Niva Bupa Health Insurance
- One MobiKwik Systems
- Garuda Construction
Merchant banking sources anticipate over 30 IPOs to be launched between late September and December, covering various sectors and company sizes. Notably, many of these offerings will consist of both new share issuances and an Offer for Sale (OFS), adding further dynamism to the market.
Hyundai Motor India: A Potential Record-Breaking IPO
Among the highlights, Hyundai Motor India Limited, the Indian arm of South Korea’s Hyundai Motor Company, is aiming to raise ₹25,000 crore through its IPO. If successful, this would mark the largest IPO in India, surpassing the current record held by Life Insurance Corporation of India (LIC), which raised ₹21,000 crore. According to the draft red herring prospectus, Hyundai’s IPO will consist entirely of an OFS of 14,21,94,700 shares, with no new shares being issued.
Swiggy’s Ambitious IPO Plans
Food and grocery delivery giant Swiggy is also entering the fray with its IPO, targeting a substantial ₹10,414 crore. The issuance will comprise new shares worth ₹3,750 crore, alongside an OFS of about 18.52 crore shares valued at ₹6,664 crore. This IPO presents an exciting opportunity for investors wanting to tap into the booming food delivery market.
IPO Plans of Other Companies
Several other companies have also lined up their IPOs, showcasing a variety of sectors:
| Company | IPO Amount (₹ Crore) | Details |
|---|---|---|
| NTPC Green Energy | 10,000 | Launch planned for the first week of November |
| Afcons Infrastructure | 7,000 | Part of Shapoorji Pallonji Group |
| Vari Energies | 3,000 | Raising funds through new issuances |
| Niva Bupa Health Insurance | 3,000 | Expanding its operations |
| One MobiKwik Systems | 700 | Positioning for growth in digital payments |
Record-Breaking Year for IPOs
In the mainboard segment, 62 companies, including Bajaj Housing Finance, Ola Electric Mobility, and FirstCry’s parent company Brainbees Solutions, have successfully raised a stunning ₹64,000 crore through IPOs so far this year. This figure represents a 29% increase compared to the ₹49,436 crore raised by 57 companies in 2023.
The upcoming wave of IPOs promises not only to reshape the financial landscape but also to provide lucrative opportunities for investors across various industries. As the market continues to evolve, the enthusiasm for equity investments is likely to grow, making this an exciting period for financial markets in India.
