Year 2019 saw a flurry of initial public offerings (IPOs) which hit Dalal Street and attracted investor interest. IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India were among the key IPOs that made headlines last year. Here's a look at 10 key IPOs that are scheduled to hit the market this year.
Burger King
Fast-food major Burger King India plans to list on bourses this year. The issue will comprise a secondary share sale worth Rs 600 crore by Everstone Capital and fresh fundraising worth Rs 400 crore, which will be used to fuel the fast food chain's expansion plan. Edelweiss, Kotak Mahindra Capital, JM Financial, and CLSA are the investment bankers managing the Burger King IPO.
Computer Age Management Services
Computer Age Management Services (CAMS) , a registrar and transfer agent (RTA) serving several mutual funds in India plans to raise Rs 1,000 crore this year. Based in Chennai, CAMS is co-owned by - NSE Investments Limited (Subsidiary of NSE), Warburg Pincus LLC (a leading global private equity firm), Faering Capital (a leading Indian mid-market private equity firm), ACSYS Investments Pvt Ltd and HDFC Group.
EaseMyTripOnline Travel Company EaseMyTrip filed draft papers with capital markets regulator Sebi in December last year to float a Rs 510-crore IPO. Company's founders Nishant Pitti and Rikant Pitti will each sell shares to the tune of Rs 255 crore through offer-for-sale mechanism.
EESL
The State-run Energy Efficiency Services Ltd plans to use the funds from initial public offer (IPO) for leasing electric vehicles to companies and installing smart meters to measure power consumption. EESL is a joint venture of four public sector enterprises - NTPC, PFC, REC and PowerGrid. Financial services company Investec has valued EESL at around Rs 5,000 crore.
Equitas Small Finance Bank
Equitas Small Finance Bank in December filed draft red herring prospectus (DRHP) with the regulator SEBI for Rs 1,000 crore initial public offer. The IPO will comprise a fresh issue aggregating up to Rs 550 crore and an offer for sale of up to 80,000,000 equity shares by Equitas Holdings Limited (EHL), the promoter.
Home First Finance
Home First Finance Company (HFFC) in November filed a draft red herring prospectus with SEBI for its proposed IPO through which it expects to raise Rs 1,500 crore. The IPO comprises a fresh issue of Rs 400 crore and Rs 1,100-crore offer for sale by promoters and investors. The Mumbai-based firm is expected to hold its IPO this year.
The offer for sale consists of Rs 498.4 crore worth of shares by True North Fund V LLP, Rs 332.2 crore worth of shares by Aether (Mauritius) (both are promoter selling shareholders), and Rs 176.4 crore shares by Bessemer India Capital Holdings II, Rs 56 crore shares by PS Jayakumar, Rs 35.9 crore shares by Manoj Viswanathan and Rs 1.1 crore shares by Bhaskar Chaudhry.
IREDA
Integrated Renewable Energy Development Agency ( IREDA), a 100% govt-owned entity, received final nod for an IPO from SEBI in October last year.The government is eyeing Rs 700 to Rs 750 crore after selling its stake in IREDA. Under the listing proposal, IREDA will issue fresh 13.90 crore shares, increasing the paid up share capital of the company from Rs 784 crore to Rs 923 crore. At present, the company has 78.46 crore equity shares. IREDA is registered as a non-banking financial company with RBI.
NSE
Country's largest bourse NSE is likely to come up with its IPO this year. Its listing plans have been stalled for almost three years due to probe by SEBI against the bourse and its top officials. NSE said an external panel had found potential instances of some traders having preferential access to its network through co-location facilities - where private servers are placed at exchanges to speed up algorithmic trading.
SBI Cards & Payments
SBI Cards and Payments, the credit card unit of State Bank of India filed for an initial public offering (IPO) with SEBI in November last year. The issue size is expected to be around Rs 8,500 crore and Rs 9,500 crore. According to the draft red herring prospectus (DRHP), the offer will comprise fresh issue of equity shares aggregating Rs 500 crore and an offer-for-sale by promoter SBI (3.72 crore equity shares) and by investor CA Rover Holdings (9.32 crore equity shares).
UTI AMC
India's oldest mutual fund UTI AMC will sell up to 8.25 per cent stake via initial public offer (IPO) route this year as it looks to divest the stake held by its five shareholders. The public issue consists of an offer for sale by shareholders including State Bank of India, Bank of Baroda, LIC, Punjab National Bank and T Rowe Price. First three shareholders will sell 10,459,949 shares each, while the other two will offload 3,803,617 shares each.