IPOs Likely To Hit The Market This Year

After a three-four months lull period, primary market has seen the most active season this year despite the Covid 19 blues as well as the economic slowdown. As per brokerage firm, Geojit as many as eighty firms have approached the market regulator for its approval and IPOs worth Rs. 179.8 billion have already been launched so far this year.

Here is a list of few company that can soon come up with their IPOs:

1. Equitas Small Finance Bank IPO:

Microfinance company Equitas will launch its IPO on October 12 and the issue will close on October 22, 2020. Lead managers to the issue have been JM Financial, Edelweiss Financial Services, and IIFL Securities. The company is looking to raise Rs. 532 crore.

2. ESAF Small Finance Bank:

The company got SEBI approval in March for its 976 crore IPO issue but delayed amid the pandemic led disruption. Now the call on the same shall be taken soon The company's offering will comprise fresh issue of Rs. 800 crore and an OFS of the remaining Rs. 176 crore.

3. Kalyan Jewellers:

Rs. 1750 crore IPO is likely to be opened by the Kerala based jeweler in November month. The largest IPO within the space shall be to mop up Rs. 1000 crore and will also include OFS from promoters including PE player Warburg.

4. Burger King:

The IPO to collect a total of Rs. 1000 crore will be put to increase the number of its outlet base to just double of the current number by the year 2025. Most likely, fast growing food retail chain shall come up with its IPO by November of this year.

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