Many companies have been queuing up recently to raise funds from domestic capital markets.
The list includes stock exchange giants NSE, HDB Financial, Aadhaar Housing, Delivery, SembCorp Energy, and others.
PSU giant LIC aside announced Plans to raise over Rs 1 lakh crore. With this, market analysts expect the primary markets to set new records in this calendar year (2021).
Let’s dive into the details!
The stock markets are setting new records domestically despite the shutdown of trading around the world for a few months due to the Covid-19 pandemic.
As a result, many companies are interested in undertaking public issues. Thereby hoping to raise funds heavily.
With this, the companies in 2021 are getting Market experts to expect a raise over Rs 1 lakh crore.
Among these, the major companies to go public are NSE (Rs 10,000 crore), HDB Financial (Rs 9,000 crore), Aadhaar Housing (Rs 7,300 crore), Dehlivery (Rs 6,000 crore), SembCorp Energy, and Star Health Insurance (Rs 5,000 Crores), Zomato (Rs. 4,000 crores), etc.
Analysts say Versatility is likely to break the historic records set in 2017 in the primary market this year.
IPO’s ruling stock market
9 companies have already taken up IPOs this year. Thus, Rs. 13,000 crores have been raised by them.
Last week, MTAR Technologies raised Rs. 597 crores, the latest Easy Trip Planners Rs. 510 crores.
Along the way, more companies are filing prospects with market regulator SEBI.
This way the IPO’s are taking a bull run is record-breaking and experts say that will be able to mobilize over Rs 90,000 crores.
In the wake of the current bull run, Nike, Policy Bazaar, Macrotech Developers, Samhi Hotels, Arohan Financial services, Kalyan Jewellers, Penna Cements and others have raised over Rs. 3,500–1,500 crore in the line.
Foreign Defense and Space Technologies have filed a prospectus with the Securities and Exchange Board of India (SEBI) seeking fresh IPOs along this route.
Insurance giant LIC is also planning to enter the market this year. Analysts estimate that LIC alone likely to undertake a multi-billion IPO.
Earlier, 36 companies raised Rs. 67,147 crores. Which is the highest in the history of the market. Experts expect higher and new records to be set this year.
Related News: Tesla invests $1.5 billion in cryptocurrency, Bitcoin leaps to record $48,000
Bull Quest
Central banks and governments around the world have opened up to massive aid packages to combat Covid-19.
With this, liquidity has been flowing since March 2020. Versatile foreign funds have been flowing into stocks, cash, and so on.
As a result, in August 2020, the domestic price of gold touched $ 2,070 an ounce in overseas markets.
In 2021, the Sensex reached 52,000. In this context, many companies have focused on listing on exchanges.
According to market sources, various companies from various sectors like Barbecue Nation, Shriram Properties, KIMS Hospitals, Suryoday Small Finance, Lava International, and others are preparing to raise between Rs 1,000-3,000 crore through IPOs.
3 new IPO this month
- Craftsman Automation
- Lakshmi Organic Industries
- Anupam Chemical
Three more companies went public this month. Anupam Chemical IPO started public offering from Friday on 12th march. Coming to issue at Rs 553–555 price. Thus, Rs. 760 crores are planned to be mobilized.
Similarly, Craftsman Automation and Lakshmi Organic Industries will take up public issues from Monday i.e 15th march.
Craftsman’s Preparing for IPO at share price between Rs. 1488–1490. Through the issue of Rs. 824 crores for the public.
Lakshmi Organic Industries rose to Carry out a public issue at a price of Rs 129–130. Thus, Assembling Rs 600 crores.
Kalyan Jewelers, Suryoday Small Finance Bank, Aadhaar Housing Finance IPOs are coming along this path.
It is expected to raise over Rs. 10,000– 12,000.
Also Read: Reliance to transfer the O2C company to an independent subsidiary
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