Five IPOs to look forward to this October

The year 2021 has been a great year for the IPOs. A total of 44 IPOs hit the market in the first 9 months and raised Rs.78,520 crore. It is expected to hit the 1 lakh crore mark by the year-end with some of the big IPOs coming by the year-end. Companies like Zomato, Devyani International, Paras Defence, Barbeque Nation have successfully closed their public issues. While companies such as LIC, Paytm, Policybazar, Ola, Nykaa, Oyo, Star Health, and many more are expected to come by the year-end. Oyo and NTPC have submitted their draft red herring prospectus (DRHP) to the Securities Exchange Board of India (SEBI).

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Upcoming IPOs in 2021

PolicyBazaar

PolicyBazaar is looking to raise Rs 6000 crore through IPO this year. The issue size consists of a fresh issue of Rs 3,750 crore and an offer for sale of 2,267.5 crores. It is India’s largest online insurance aggregator and one of the country’s top fintech start-ups. A major portion of policybazaar’s revenue comes through commissions from insurance companies for selling policies. Its 95% revenue comes from commissions.

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Emcure Pharmaceuticals

Emcure Pharmaceuticals is looking to raise Rs 4500 crore. According to the DRPH, the IPO comprises fresh issuance of equity shares worth Rs 1,100 crore and an offer of sale (OFS) of 18,168,356 shares by promoters and existing shareholders. For the financial year 2021, the company reported a 20% increase in revenues to Rs 6,056 crore compared to Rs 5,049 crore in FY20. Its net profits surged three times in FY21 to Rs 419 crore compared to Rs 101 crore in FY20.

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Nykaa

Nykaa is aiming to raise Rs 4000 crore through IPO. Most of which will come through an offer for sale of 4.3 crore shares by existing shareholders and Rs 525 crore through the fresh issue. Nykaa filed its DRPH in August 2021. It reported a net profit of Rs 61.96 crore for FY21 compared to a net loss of Rs 16.34 crore in FY20.

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Mobikwik

Mobikwik is planning to raise Rs 1,900 crore through its public issue. The IPO consists of a fresh issue of Rs 1,500 crore and an OFS of Rs 400 crore by promoters and certain shareholders. The firm reported a loss of Rs 84.6 crore and Rs 141.8 crore, respectively, in FY20 and FY19.

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Adani Wilmar

Adani Wilmar has filed its DRPH to SEBI to raise Rs 4500 crore IPO. It is a joint venture between Adani Group and Singapore-based Wilmar which was formed in 1999. It sells products like rice, sugar, and edible oils.

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