At least 15 companies went public in 2020 and more than Rs 25,000 crores were raised from the IPOs. Some IPOs like Happiest Minds, Chemcon Specialty, Mazagon Dock Shipbuilders, Burger King and Mrs Bectors’ were subscribed more than 149 times.
Mrs Bectors’ signed off the year by being the highest subscribed IPO, 198 times.
At least 30 companies are expected to launch their IPOs this here. Read on to find out more on the upcoming IPOs in India in 2021.
IPOs Listed in 2021
| Issuing Company | Issue Price (Rs per share) | Listing Premium/Discount |
| IRFC | Rs 26 per share | -4.23% |
| Indigo Paints | Rs 1,490 per share | 75% |
| HFFC | Rs 518 per share | 19% |
| Stove Kraft | Rs 385 per share | 21-29% |
RailTel Ltd.
- The IPO is open for subscription between February 16 and 18.
- The IPO price is Rs.93 to Rs.94 per share. The market lot is 155 shares.
- The company provides telecom network and infrastructure services.
Read more on Groww: RailTel IPO – RailTel Corporation of India Limited
Nureca
The IPO is open for subscription between February 15 and 17. The price band of the IPO is Rs 396 to 400 per share and the minimum market lot is 35 shares.
The allotment will get finalised around February 23 and the shares may get listed by February 26.
Nureca Ltd. is in the business of the distribution of healthcare and wellness products.
Indian Railway Finance Corporation (IRFC)
- The shares of IRFC listed on January 29, at Rs 24.9 per share on the NSE, a discount of 4.23% to its issue price of Rs 26 per share.
- The IPO was subscribed around 3.45 times on the final day of bidding.
- The price band was Rs 25-26 shares and the market lot is 575 shares.
Indigo Paints
- Indigo Paints listed at Rs 2,607.5 per share on the BSE which is a 75% premium over its issue price of Rs 1,490 per share.
- The IPO was open for subscription between January 20 and 22.
- The IPO was subscribed 117 times. The issue had received bids for 64.58 crore shares against its offer size of 55.18 lakh shares
Home First Finance Company
- The shares of Home First Finance Company listed at Rs 618 per share, which is a 19% premium to its issue price.
- The IPO was open for subscription between January 21 and 25.
- The HFFC IPO has been subscribed 26.65 times on the final day of bidding. The issue received bids for 41.64 crore shares against an offer size of 1.56 crore shares.
Stove Kraft
- The shares of Stove Kraft got listed at Rs 467 per share on the BSE on February 5. This is a premium of 21.3% over its issue price.
- On the NSE, the shares listed at Rs 498 per share, up 29.35% from the issue price.
- The issue price was Rs 385 per share.The share price ended 15.83% higher at Rs 445.95 per share on the NSE on listing day.
Upcoming IPOs in 2021
While we do not have a definitive list of IPOs for the year 2021, some reports suggest that around 30 companies are planning to raise more than Rs 30,000 crores from the markets.
Here are few companies that are expected to go public, or in other words, are expected to launch their IPOs in 2021. Most of these IPOs were to be launched in December 2020, but for reasons unknown have been postponed.
| IPO | Tentative Issue Size (in Rs Crores)* | Tentative Date* |
| Nureca | 100 | Feb 15-17 |
| LIC | 70,000 | 2021-22 |
| Nykaa | — | 2021-22 |
| RailTel | 700 | Feb 16-18 |
| Kalyan Jewellers | 1,750 | January to March, 2021 |
| Bajaj Energy | 5,450 | 2021 |
| Studds Accessories | 450 | February 2021 |
| Suryoday Small Finance Bank | 400 | 2021 |
| Laxmi Organic Industries | 800 | — |
| Craftsman Automation | 150 + | — |
| Barbecue Nation | 1,000-1,200 | 2021 |
| Apeejay Surrendra Park Hotels | 1,000 | 2021 |
| Shyam Steel | 500 | 2021 |
| Annai Infra Developers | 200-250 | 2021 |
| *Both, the issue size and date, is tentative and might vary once the issue goes live in the markets. | ||
LIC
- Finance Minister Nirmala Sitharaman announced in Union Budget 2021 that the Life Insurance Corporation of India’s (LIC) IPO will be completed in 2021.
- Issue size: Around Rs 70,000-80,000 crores.
- It has also been said that 10% of the issue size will be reserved for policy holders.
Nykaa
- Nykaa is looking at a stock exchange listing by the end of 2021 or early 2022 at a valuation of $3 billion. Recently Nykaa raised an undisclosed amount which valued the company at $1.8 billion approximately.
Kalyan Jewellers
- Kalyan Jewellers, a jewellery brand based out of Kerala, is planning to raise around Rs 1,750 crores through its IPO. It was earlier expected to launch its IPO in December 2020.
- The IPO may consist of a fresh issue of Rs 1,000 crores and the rest would be an offer for sale.
Bajaj Energy
- The IPO size of the company is expected to be around Rs 5,450 crores, of which Rs 5,150 crores will be a fresh issue.
- The company has said that it is looking to acquire Lalitpur Power’s 1,980 MW from the proceeds of the IPO.
- The company is one of the largest private thermal generation companies.
Suryoday Small Finance Bank
- Suryoday Small Finance Bank is planning to launch an IPO of 2 crore equity shares which comprises a fresh issue of 1.6 crore shares and the rest is offer-for-sale.
- The approximate IPO size is Rs 400 crores.
Laxmi Organic Industries
- The IPO size is worth Rs 800 crores approximately, of which the fresh issue is worth Rs 500 crores and the rest is offer-for-sale.
- Laxmi Organic is a specialty chemicals company.
- It’s peers Rossari Biotech and Chemcon Specialty were subscribed 80 and 149 times respectively and listed in 2020.
Craftsman Automation
- The IPO will have a fresh issue of Rs 150 crores and an offer for sale of 45.21 lakh shares.
- The IPO proceeds may be used for clearing some of the debt and general corporate purposes.
- The company manufactures auto components.
Barbecue Nation Hospitality
- Barbecue Nation, which operates a chain of restaurants across many cities.
- Of the total issue size of Rs 1,000-1,200 crores, around Rs 275 crores will be a fresh issue.
- The IPO proceeds may be used for outstanding borrowings and corporate purposes.
- The company operates more than 130 outlets in India.
Apeejay Surrendra Park Hotels
- The hotel chain may raise up to Rs 1,000 crores in its IPO.
- The IPO may comprise a fresh issue of up to Rs 400 crores and an offer-for-sale (OFS) of up to Rs 600 crores.
Shyam Steel
- The IPO size will be around Rs 500 crores, which will be a combination of an offer for sale and fresh issue.
- The company is based out of Kolkata.
Annai Infra Developers
- The IPO size is expected to be around Rs 200-250 crores.
- The company is an engineering, procurement and construction firm in the water management and irrigation segment specifically.
SAMHI Hotels
- The IPO size is around Rs 1,800-2000 crores.
- This comprises a fresh issue of Rs 1,100 crores.
- The company may be using the proceeds to pay off the indebtedness and for general corporate purposes.
- A few prominent hotels it is managing are Courtyard by Marriot in Bengaluru, few branches of Fairfield by Marriot in Bengaluru, Four Points by Sheraton Visakhapatnam among others.
Studds Accessories
- The company is a manufacturer of helmets, motorcycle accessories and riding gears. Studds had begun its operations in 1973.
- The company’s managing director had said in an interview in August 2020 that the company has an approximate market share of around 30%, which it aims to scale to 40% in the next three years.
Highest Subscribed IPOs in 2020
Final Words
The list mentioned above of prospective IPOs is subject to periodic revision as the information is not updated on the exchanges yet. Generally, when companies file their IPO application with Sebi, they have to submit their draft red herring prospectus (DRHP). Most of the above-mentioned companies have already done that or are in the process doing so. According to an estimate, 30 companies are expected to go public this year.
However, before investing in an IPO, read the pros and cons, risks and rewards, about the company and know if investing in that company is in line with your goals.
Happy Investing!
Read more on Groww: https://groww.in/blog/upcoming-ipos-in-india/
