Despite the pandemic completely decimating the third and fourth quarters of FY 2020 and a whole portfolio of IPOs being put on hold, the public sector has been able to successfully raise over 25,000 crores. This proves to be a significant upgrade over the measly 12,360 crores that were brought in in FY 2019. Come 2021, an estimate of over 80 companies have walked through SEBI’s doors in an attempt to acquire the certifications and permissions needed to come out with an IPO in 2021. For investors, this means opportunities to get in early, get in fast and aim at earning big. FY 2021 has a long rage of IPOs already lined up, as investors gear up to pick their IPO investments next financial year. Let’s have a look at some of the top upcoming IPOs
that are getting investors excited and optimistic.
1. Kalyan Jewellers
The IPO is set to offer a fresh equity issue of 1000 crores with an additional 750 crores as OFS (offer for sale). Additionally, the company’s primary promoter T S Kalyanaraman is said to be ready to offload shares of about 250 crores and its other promoter Highdell is pegged to offload about 500 crores of the investment it made in the company.
The company also recorded an operational revenue of 10,181 crores, up from 9,814 crores last financial year.
The LIC IPO expected to launch in 2021 is set to be the biggest IPO ever listed on Indian stock markets. As finance minister Nirmala Sitharaman hinted at a minority share sell off through the company IPO, the company is looking to offer 10% stake in the company via its IPO in 2021. Through this IPO, it is estimated that the government is looking to raise funds to the tune of 80,000 crores.
A couple years after the news of Walmart acquiring a stake in Indian online retail website Flipkart hit the market, the retail industry giant is all set to unload its recent acquisition onto the IPO markets. With a valuation of about 25 billion dollars as per its last round of funding, the company would be the first ever Indian original country to be traded on the US exchange.
Paytm leads the Indian mobile payments market as it has acquired over 150 to 200 million active users alongside 16 million merchants being registered with the company looking to launch its IPO in 2021. While it is still unclear when the IPO will be launched exactly, some estimate that the IPO date might come after 2021.
Online education website BYJU’s is currently backed by the likes of Lightspeed and Sequoia and holds a valuation of 10.8 billion dollars. The lockdown and subsequent closure of schools and education institutions is said to have fueled engagement on the website to increase by 300%. While the entry of the Ambani’s in the Ed-tech space means BYJUs will have to fight tooth and nail to maintain market share, it is still one of the most anticipated IPOs, though the exact date is unclear.
Online Cab aggregator Ola cabs, similar to Zomato, is backed by the likes of Tiger Global alongside Tencent among others, the company currently records over 1 billion rides taken per year and enjoys the luxury of a 55% market share in Indian markets. With its revenue growing over 39% from 2019, the company till date has raised upwards of 3.3 billion dollars, and is eying its company IPO in 2021.
Delhivery is another online delivery service that has been shot into the limelight during the COVID-19 pandemic. The e logistics service provider owns over 20% of the market share in its sector and has till date raised 780 million through its various funding rounds. Backed by industry Giant Softbank, the company is eying an IPO by 2021.
8. Bajaj Energy
The thermal generation company Bajaj energy based out of Uttar Pradesh aims to launch its IPO by the end of 2020 to early 2021. With the company IPO amount reaching 5,450 crores, the IPO is split into 5,150 crores of fresh issue shares and 300 crores of scrips provided by its promoter Bajaj power ventures.
9. Policy Bazaar
Also backed by industry giant SoftBank, the online insurance company is said to be eying a 2021 IPO at a valuation of 3.5 billion dollars. The company is also aiming to attain upwards of 250 million dollars at a company valuation of 2 billion dollars before its IPO, the date of which has been set to be in September of 2021.
Food delivery Unicorn Zomato is said to launch its IPO in the first half of 2021. While it is still unclear whether this company IPO will launch in US or Indian markets still remains to be determined, the company is currently valued at just about 3.5 billion dollars, and has just received addition cash flows in the form of 146 million dollars raised by the company as part of its series J round of funding. Recently having included Tiger Global in its list of backers, the company is also supported by Temasek and Ant financial, and has recently also added Kotak Mahindra Capital the foremost merchant bank for the IPO in 2021.