Is the rush to go public in India in FY25? high liquidity and high investor interest in new IPOs have resulted in a lot of activity on the primary market.
In fiscal year 2024, companies raised Rs 62,000 crore through initial public offerings (IPOs); the forthcoming fiscal year appears to be no different.
Forecasts suggest that the sector may witness offerings as high as Rs 70,000 crore in FY25, with a number of well-known brands expected to make their Dalal Street debuts.
According to information from Primedatabase.com, up to 19 companies are awaiting permission from the Securities and Exchange Board of India (Sebi) to raise Rs 25,000 crore. 37 more businesses have also submitted paperwork to Sebi in an effort to raise Rs 45,000 crore.
Nine of these businesses are cutting-edge tech startups hoping to raise over Rs 21,000 crore. This indicates that the market is trending positively as more businesses decide to go public.
Experts predict that even larger agreements will be made in the upcoming fiscal year, continuing this trend. Pantomath Capital’s Mahavir Lunawat said, “There’s a positive sentiment towards fundamentally good businesses along with robust business models.”
Experts predict that the market will continue to be active despite the impending general elections.
“There could be some short-term volatility due to the impending elections, especially in the days leading up to the vote. The Economic Times was informed by Arihant Capital’s Abhishek Jain that “the long-term outlook seems positive.”
The following IPOs are ones to watch:
Bharti Hexacom IPO:
Through its initial public offering (IPO), Bharti Hexacom, a Bharti Airtel subsidiary, hopes to collect Rs 4,275 crore. It serves the Northeast and Rajasthan with mobile services.
The public offering, which consists solely of an offer for sale (OFS) in which TCIL would sell 7.5 crore shares, will be open for subscription on April 3.
Go Digit Insurance IPO:
This insurance provider, supported by cricket player Virat Kohli, is scheduled to go public with a capital of about Rs 3600 crore. According to the preliminary prospectus, the IPO involves the sale of around 11 crore shares and the fresh issuance of shares valued at Rs 1,250 crore.
Ola Electric IPO:
In an effort to raise new capital of Rs 5,500 crore, Ola Electric has filed preliminary documents for an IPO.
The IPO is anticipated to become available at some point in the second part of the year, while the company is awaiting regulatory permission.
A total of 9,51,91,195 shares, or an offer for sale (OFS), will be sold by present shareholders as part of the public offering. Through OFS, promoter Bhavish Aggarwal intends to sell up to 4,73,94,014 shares, and another member of the promoter group, Indus Trust, wants to sell up to 41,78,996 shares.
Brainbees Solutions:
Brainbees Solutions will launch initial public offering (IPO) with up to Rs 1,816 crore in new shares and up to Rs 5.4 crore in sale offers for its childcare products, which are marketed under the FirstCry brand.
IPO of Waaree Energies :
Waaree Energies is getting ready for an IPO and has turned in its draft documents. 32 lakh existing shares will be sold along with new shares valued at Rs 3,000 crore in this initial public offering.
With a 12 GW installed capacity as of June 2023, Waaree Energies is one of India’s top producers of solar PV modules.
Tata Electric IPO:
The Tata Group is considering listing its electric car company on the stock market, potentially within the next year or two. Should all proceed according to schedule, the IPO might take place by the end of FY25.
Swiggy IPO:
According to various rumors, Swiggy is also considering going public later this year. According to Entrackr, they may file their paperwork in May and want to start the IPO around the holidays.
A number of notable businesses, including Allied Blenders, Mobikwik, PayU, Garuda Aerospace, and NTPC Green, are expected to go public in the upcoming fiscal year.
