As markets have made a remarkable comeback companies from across sectors are gearing up for their IPO process which was put to hold due to the weakish sentiment in the market at first. Also, foreign flow is another reason making companies' evaluate their IPO plans.
And for the reasons which are supporting momentum in the primary market there is said , "First is a favourable budget, which has not tinkered with taxes and has given a boost to certain sectors. Second is the liquidity in the market. Fundamentally strong companies want to expand, and so they have capex requirements. The fourth driving factor is to give a favourable exit to private equity shareholders,"
According to Prime Database, 27 firms have an approval for IPOs from the markets regulator, while nine have filed the draft prospectus and are awaiting approval.
Here is a look at some of the upcoming IPOs for the year 2021:
LIC IPO: In the Budget 2021, the FM said LIC IPO shall hit in the near term. And now as the process is being eased, road is clear for this IPO which can be the biggest in the history.
Lodha Group: The company has for the third time filed prospectus for raising Rs. 2500 crore.
Arohan Financial Services: The microfinance lender has also filed its papers with the market regulator to raise a total of Rs.1800 crore.
Seven Islands Shipping: The company has filed papers to raise Rs. 600 crore.
Nykaa: The beauty start-up is also in news to go for share sale.
Bajaj Energy: Private company into the area of electricity generation shall come up with an issue to raise Rs. 5450 crore.