Top IPOs to watch out for in 2020: LIC, Burger King, Barbeque Nation, NSE & more
Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others
- Jul 28, 2020,
- Updated Jul 28, 2020 5:37 PM IST
Initial public offer (IPO) market has picked up momentum after a gap of four months with Rossari Biotech shares making their bumper debut on BSE and NSE in July. In March, SBI Cards IPO saw a tepid response from investors amid market gloom caused by coronavirus crisis in the country. On the other hand, 2019 saw a huge number of companies taking the IPO route to raise capital. Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others.
India Inc might not be able to replicate its IPO performance but there are still a slew of big ticket share sales which may lighten up the mood of investors this year.
Energy Efficiency Services (EESL) is planning its initial public offering at Rs 5,000 crore. The state-run firm is a joint venture (JV) set up by four companies - NTPC, Rural Electrification Corp, Power Finance Corp (PFC), and Power Grid Corp. of India. As per media reports, the company plans to utilise the proceeds from the listing to lease electric vehicles (EVs) and install smart metres to measure power consumption, the report said. The company has been valued at around Rs 5,000 crore by financial services company Investec. As per Saurabh Kumar, managing director of EESL, the firm is expected to post a profit of around Rs 200 crore on revenue of Rs 4,000 crore this year.
Initial public offer (IPO) market has picked up momentum after a gap of four months with Rossari Biotech shares making their bumper debut on BSE and NSE in July. In March, SBI Cards IPO saw a tepid response from investors amid market gloom caused by coronavirus crisis in the country. On the other hand, 2019 saw a huge number of companies taking the IPO route to raise capital. Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others.
India Inc might not be able to replicate its IPO performance but there are still a slew of big ticket share sales which may lighten up the mood of investors this year.
Energy Efficiency Services (EESL) is planning its initial public offering at Rs 5,000 crore. The state-run firm is a joint venture (JV) set up by four companies - NTPC, Rural Electrification Corp, Power Finance Corp (PFC), and Power Grid Corp. of India. As per media reports, the company plans to utilise the proceeds from the listing to lease electric vehicles (EVs) and install smart metres to measure power consumption, the report said. The company has been valued at around Rs 5,000 crore by financial services company Investec. As per Saurabh Kumar, managing director of EESL, the firm is expected to post a profit of around Rs 200 crore on revenue of Rs 4,000 crore this year.