In the upcoming months of October and November, 30 companies are now planning to raise more than Rs. 45,000 crore through initial share-sales, and this has been confirmed by merchant banking sources.
Technology driver companies are the ones who will make up for a major part of the total fundraising.
30 Major Companies To Launch IPOs To Raise Rs 45,000 Crore In The Next 60 Days
In 2021, 40 companies have already floated their IPOs and raised Rs.64217 crores. We reported in July that eleven companies are ready to launch their IPOs in July to raise an amount of as much as Rs. 24000 crores. Five companies, including Dodla Dairy, Sona Comstar and KIMS, have already launched their IPOs in the month of June
Some of these companies include GR Infraprojects, Glenmark Life Sciences, Utkarsh Small Finance Bank and Seven Islands Shipping.
As per reports, more than Rs. 20,000 crores have been raised by Indian companies in the second half of 2020 and nearly Rs. 40,000 crore in the first half of 2021.
Multiple factors make up for the increased pipeline of the IPO in the coming month, such as the large economic recovery after the second wave. Aditya Birla Sun Life AMC will also be launching an initial share sale worth Rs. 2778 crore on September 29.
Companies Launching IPOs After Zomato’s Success
Apparently, new-age tech companies will be following in the footsteps of the popular food delivery company Zomato which was overwhelmingly subscribed by over 38 times and proved to be a successful IPO. Companies like Zomato have raised funds from private equity players. IPO has also paved the way for a new source of funding for newest technological companies.
Policybazaar plans to raise 6,017 crore, Emcure Pharmaceuticals to raise Rs. 4,500 crore, Nykaa will raise Rs. 4,000 crore, CMS Info Systems plans to raise Rs. 2,000 crore, whereas MobiKwik Systems plans to raise Rs. 1,900 crore.
Northern Arc Capital plans to raise Rs. 1,800 crore, Ixigo plans to raise Rs. 1,600 crore, Sapphire Foods is going for Rs. 1,500 crore, Fincare Small Finance Bank is going for Rs. 1,330 crore, Sterlite Power plans to raise Rs. 1,250 crore, whereas RateGain Travel Technologies plans to raise Rs. 1,200 crore and Supriya Lifescience to raise Rs. 1,200 crore.