Upcoming IPO: Investors should keep their money ready, there is a flood of IPOs in October-November..
The series of IPOs is still going on in the stock market. In September, the IPO of Bajaj Housing Finance remained in the headlines. Now in October also, IPOs of many big companies are coming. In such a situation, market experts say that they should get ready to invest in IPOs.
In the next two months, IPOs like Hyundai Motor India, Swiggy, and NTPC Green Energy are going to open for investment. The launch date of these IPOs has not come yet, but even before that, they have come into discussion. The merchant banker said that all these big companies will issue IPOs worth a total of Rs 60,000 crore.
Apart from all these companies, IPOs of Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are also going to come.
Munish Agarwal, Managing Director and Head of Equity Capital Markets at Equirus said that 30 big IPOs are expected to come from September to December. These IPOs will be of all sectors, and deal sizes. These IPOs will have an offer for sale along with a fresh issue.
Hyundai Motor India IPO
The biggest IPO of Hyundai Motor India Ltd, the Indian subsidiary of South Korea's Hyundai Motor, is going to come. Through this IPO, the company is planning to raise Rs 25,000 crore. Earlier, the IPO of the Life Insurance Corporation of India (LIC) was considered the biggest.
Let us tell you that Hyundai's IPO will be completely an offer for sale. In this, the company will sell 14,21,94,700 shares through an offer for sale. This means that no fresh issue will be issued in it.
Swiggy IPO
The IPO of instant delivery and quick commerce company Swiggy is also going to come. The company has received approval from SEBI. Swiggy said that it is planning to raise Rs 10,414 crore through this IPO. In this IPO, 18.52 crore shares will be issued under Offer for Sale and 3,750 shares through fresh issue.
NTPC Green Energy IPO
The IPO of NTPC's renewable energy company NTPC Green Energy is going to knock soon. It is believed that this IPO will open for investment in the first week of November. Through this IPO, the company is planning to raise Rs 10,000 crore.
These IPOs are coming
The IPO of construction company Afcons Infrastructure is also coming. In this IPO, shares will be issued for Offer for Sale along with fresh issues.
Niva Bupa Health Insurance is planning to bring an IPO of Rs 3,000 crore.
Fintech company Mobikwik Systems is also planning to bring its IPO.