Upcoming IPO: We have entered the last month of FY 2022. With this, the stir in the country’s IPO market is going to intensify once again. Right now we do not have the exact information that how many companies are going to come in the market with their IPO this month. Nevertheless, there are many companies including the country’s largest insurance company LIC, FarmEasy, Delhi, whose IPO is expected to be launched this month. Let’s take a look at these companies
Life Insurance Corporation of India (LIC) is going to bring the country’s biggest Initial Public Offer (IPO) this month. The IPO dates have not been announced yet. However, experts say that this IPO will open for subscription in the second week of March. The Government of India is planning to raise Rs 70,000 – 75,000 crore from this IPO.
Delhi IPO
Delivery and logistics firm Delhivery is likely to launch its IPO this month to raise around Rs 7,460 crore from the market. New shares worth Rs 5,000 crore will be issued under the IPO, while an offer-for-sale (OFS) of Rs 2,460 crore will be brought in by investors and shareholders.
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PharmEasy IPO
Pharmaceutical delivery app PharmEasy will also launch its IPO soon. The company had applied for the IPO in November 2021. PharmEasy plans to raise at least Rs 6,250 crore by issuing fresh shares.
Byju’s IPO
Byju’s, a firm that provides online learning through the app, is also planning to launch its IPO soon. The company is preparing to raise around $ 400 million to $ 600 million from the IPO.
OYO Hotels and Homes
One of the country’s leading hospitality firm, OYO Hotels & Homes is preparing to raise around Rs 8,430 crore through IPO. In this, fresh shares worth Rs 7,000 crore will be issued, while shareholders and investors of the company will put up for sale their shares worth Rs 1,430 crore.
SBI Mutual Fund
The country’s largest State Bank of India (SBI) is preparing to list its mutual fund business soon. In SBI Mutual Fund under the IPO, SBI may sell its 6 per cent stake and Amundi around 4 per cent.
The country’s largest exchange, the National Stock Exchange (NSE), is planning to launch its IPO to raise around Rs 10,000 crore. Major shareholders of the company include SBI, LIC, IFCI, IDBI Bank, Goldman Sachs, Stock Holding Corporation, Tiger Global and Citigroup.
Apart from these, IPOs of many more companies can be launched in March or in the next few months. Keep an eye on our IPO calendar for more information and updates on these IPOs.
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