When it comes to Upcoming IPOs, Our market has some great news with several companies going ahead with their Initial Public Offering. From government-owned public companies to young generation startups, we have seen these IPO s creating a buzz in the market. The Indian economy is gradually picking up pace with restriction easing. This article takes a look at some of the major names in the listings.
Fincare Small Finance Bank
Since its establishment in 1995, The Gujarat-based Fincare Small Finance Bank has been in the business of microlending. In the financial year, 2018 and 2020 Fincare Small Finance Bank was able to achieve the highest growth rate in advances thanks to the digital-first approach. The company is also one of the best in adjusted Return on Assets (ROA) and Return on Equity (ROE) ratios among the SFBs in India in FY2020.
Aiming at financial inclusion covering the rural areas with affordable products and services, the bank is showing huge progress with expansions and digital-oriented approaches
ESAF Small Finance Bank
One of the major small finance banks in India, concentrating on semi-rural areas in India, the bank shows promising growth in terms of client base size, assets under management CAGR yield on advances, total deposit CAGR, net interest margin, loan portfolio concentration in rural and semi-urban areas and the ratio of microloan advances to gross advances.
The company plans to raise 1900 crores through the listing. MobiKwik is one of the major names in the Buy Now Pay Later (BNPL) and mobile wallet providers. Already a popular one among the mass of digital users the company is aiming to address the credit requirements of increasing online users. Providing services such as peer-to-peer transactions using UPI, MobiKwik Wallet, and Mobikwik Wallet to Bank Payments, the platform provides easy-to-use services and also introduced a subsidiary payment gateway Zaakpay and a flagship BNPL solution MobiKwik Zip.
Life Insurance Corporation India (LIC) Ltd.
A household name in India, Life Insurance Corporation is one of the most successful government-owned organizations in the country. It enjoys a market share of approximately 69% and its total asset value is considered to be worth 31,00,000 crores. Although the opening date and issue size is not announced, experts close to the industry believe it will be releasing 25% of the government stake. The amount expected to raise is between 70000 crore to 100000 crores. Experts suggest that the LIC IPO will be one of the major hits in the market this year.
One of the most buzzing IPOs that are around. Although it might face a legal battle the household money transferring name Paytm is expected to hit big in the market. They have filed the IPO and are planning to raise around 16600 crore rupees through the process.
Paytm changed the way in India of money transfer especially with the Indian government starting to give more and more importance to digitalization. Almost a sure bet, the buzz about the IPO comes with the reputation the brand made in India all through the years.
The largest insurance aggregator in India, PolicyBazaar is Planning to raise up to 6500 crores. Making the most out of the digital boom, PolicyBazaar established themselves as one of the top players when it comes to insurance and 95% of their revenue comes from commissions from companions for selling insurance. With so many tech companies going for IPO this year, PolicyBazaar is one of the major names among that long list
Bajaj energy concentrates on thermal energy and they are one of the largest prevent firms in Uttar Pradesh. With the state going ahead with 100% electricity in villages, it also means more power demand, and that sets a beneficial opportunity for BEL. Founded in 2008. BEl has 5 plants across the state and produces 450 MW. The rest of the 1980 MW out of the total capacity of 2,430MW comes from Lalitpur Power Generation Corporation Ltd (LPGCL) which was founded along with BEl in 2008.
The e-commerce fashion company joins the party of homegrown companies listing in the market. Founded in 2012 in Mumbai, Nykaa’s growth was phenomenal and it reformed fashion shopping, catering to the young women category. They have a range of their own brands as well as others selling lipsticks to Foundation. Taking new steps, Nykaa is planning to raise around 500 crores.