Yes, you heard it right. More than six IPOs are expected to hit the market in the next month that is December 2020. The companies are planning to push their IPOs in the market scenario where there is the best combination of the bull market, the positive sentiment of investors, and low debt returns. The companies which are expected to launch the IPO in December 2020 are Suryoday Small Finance Bank, ESAF Small Finance Bank, Nazara Technologies, RailTel, Burger King, Kalyan Jewellers, and Antony Waste Management.
So far in the year 2020, 12 companies have successfully launched their IPO and have raised nearly Rs. 25,000 crores. When compared to the year 2019, the whole year saw 16 IPO which has raised Rs. 12,363 crores collectively. The majority of the IPO which has launched in 2020 has given very nice returns to the investors till now. The best of them is Route Mobile.
Suryoday Small Finance Bank IPO
Suryoday Small Finance Bank is expected to raise Rs 1,000 crore. The IPO consists of fresh issuance of 11.6 million equity shares and an offer for sale of up to 8.5 million shares by International Financial Corporation (IFC), Gaja Capital, and HDFC Holdings.
EASF Small Finance Bank IPO
EASF Small Finance Bank is expected to raise Rs 1,000 crore. The IPO consists of fresh issuance of Rs 800 crore and an offer for sale of up to Rs 200 crore by the existing shareholder Bajaj Allianz Life Insurance and PI Venture.
Nazara Technologies IPO
Mumbai-based mobile gaming company Nazara Technologies is planning to hit the primary market with an IPO to raise about Rs 950 crore. Rakesh Jhunjhunwala, Westbridge Ventures, Turtle Entertainment, IIFL Special Opportunity Fund, and Emerging Investments are the key shareholders of Nazara Technologies.
State-owned RailTel Corporation of India is likely to hit the primary market in the first week of December to raise about Rs 700 crore. The IPO is entirely an offer-for-sale through which the government will offload 86.6 million equity shares.
Burger King India is expected to raise about Rs 1,000 crore with its IPO in mid-December. The IPO consists of fresh issuance of Rs 542 crore and an offer for sale of up to Rs 400 crore by the promotor QSR Asia.
Antony Waste IPO
Antony Waste Handling Cell Limited is engaged in offering Municipal Solid Waste (MSW) Management services. The company tried to list the company by IPO in March 2020, but due low response, the IPO was taken back. Now again the company is planning to hit the primary market to raise Rs 200 crore.