Top 5 Upcoming IPOs
The IPOs (Initial Public Offerings) of several large companies are setting the stage for significant activity on the Indian stock market. The industries covered by the impending IPOs are varied and include cement, e-commerce, and automotive, retail, as well as finance.
Notable businesses that are joining the public market include Hyundai Motor India, FabIndia, Snapdeal, Penna Cement, and Bajaj Housing Finance.
Each upcoming IPO is anticipated to generate significant funds, which could change the course of their respective industries as well as present new investment opportunities in the Indian market.
Hyundai Motor India
The automobile South Korean firm Hyundai motor Company has its subsidiary Hyundai Motor India which recently made preparations towards what could be the biggest initial public offering in the Indian market. The plans of the company are to issue the OFS, the FPO, and the QIP for a total of $3 billion or ₹25,000 crore. Hyundai Investment Banks have valued it to be between $22 and $28 billion, or this IPO. Hyundai Motor Company is likely to use the IPO to source capital needed in upgrading its capacity and strengthening the competitive standing in the rapidly expanding Indian automobile market.
FabIndia
A clothing selling website alongside outlets was established by Wipro’s Azim Premji funded FabIndia. New shares through the initial offer of the firm, which has filed the DRHP, seek listing on both the BSE as well as the NSE with ₹500 crores to be raised in the first part of the fiscal year 2023.
Snapdeal
One among the leading e-commerce sites in India is Snapdeal. With its IPO, this e-commerce behemoth will issue new shares valued at ₹1,250 crores.
Additionally, some of Snapdeal’s current investors as well as shareholders will make an offer to sell their shares.
Penna Cement
Another firm that is seeking an IPO is Penna Cement, which deals in cement production and is quite popular in India. The company aims at mobilizing ₹1,550 crore.
This IPO would be in the form of an OFS of ₹250 crores and fresh issue of ₹1300 crores. SEBI has already given green signal for launching the IPO.
Bajaj Housing Finance IPO
Bajaj Housing Finance IPO aims to raise ₹ 7,000 crore to improve internal capital to utilize increasing the expectations of growth in housing finance. The third agenda of the issuance of the IPO is the broadening of the company’s mortgage product portfolio focusing on Bajaj Housing Finance.
Conclusion
As these IPOs are expected soon, the investors get interesting opportunities as well as indicate an increased activity in almost all sectors in the Indian economy. Each IPO has something new to offer to the market be it Snapdeal’s ambition to capture the e-commerce segment or possibly the record setting IPO sighting through Hyundai. While preparing these businesses for offering shares to the public, they have to ensure their expansion strategies and strengthen their positions in the market aside from sourcing for capital. One can apply these IPOs through investment app and take the advantage of these fascinating market opportunities.
