Here are few best 5 companies that are expected to go public, or in other words, are expected to launch their IPOs in 2021.
- Indian Railway Finance Corporation (IRFC)
It,s ipo is open for subscription between January 18 and 20. The issue size is 178.2 crore shares worth Rs 4,633.38 crores. The issue size comprises a fresh issue of 118.8 crore shares and the rest is an offer for sale. The price band is Rs 25 to 26 and the market lot is 575 shares.
2. Indigo Paints
It's IPO is open for subscription between January 20 and 22. The issue size is Rs 1,176 crores of which the fresh issue may be worth Rs 300 crores whereas the rest will be an offer for sale. The company may use the proceeds from the IPO to expand existing manufacturing facilities.
3. LIC
Life Insurance Corporation of India’s is going to be India’s largest-ever public issue in India. The divestment in LIC was announced by the Finance Minister, Nirmala Sitharaman in the 2020 Union Budget.
Although the issue size of the IPO has not been officially declared by the government, it is being expected around Rs 70,000-80,000 crores.
4.Kalyan Jewellers
A Kalyan jewellers 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.
5. Bajaj Energy
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. Any amount left will be used for general expenses.
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