Upcoming Go Air IPO
Go Air is an airline industry, started operating in 2005. It was owned by the Wadia Group, the former CEO Ben Baldanza of spirit airlines has been appointed as Go air vice-chairman. The airline carried over 80 million passengers and flies over 39 destinations that includes 10 international and remain domestic. It’s operated around 300 daily flights, airlines FY20 financial report show the company had a debt of 1780 crore.
The airline plans to expand its presence, raised the fund through the IPO. It’s filled the DRHP ( Draft Red Herring Prospect ) for IPO to raised Rs 3600 Cr through fresh issue of shares. The company IPO will be listed on NSE and BSE indices.
Paytm is an Indian digital payment system and financial services-based company. Its headquarters situated in Noida, Uttar Pradesh, India. Paytm is currently available in 11 Indian languages like Hindi, Telugu, Gujarati, Malayalam, English, Punjabi, Kannada, Bangla, Marathi, Odia, and Tamil. It offers online services or uses cases for bill payments, movie, travel, mobile recharge, and events booking and also includes store payment at the grocery store, fruit, vegetable shop, restaurant, parking, toll, pharmaceutical, and education payment with Paytm QR code.
In Jan 2021, Paytm board members gave the approval to raise funds of around Rs 22000 Crore ($ 3 billion) through an IPO, it’s one of the largest IPOs in India. The company’s overall valuation is around Rs 12 lakh Crore. Paytm now issues Rs 12000 Crore fresh equity shares ahead of its IPO scheduled for the October December quarter of this year 2021.
LIC ( Life Insurance Corporation ) IPO
LIC is an Indian government-owned insurance and investment service corporation. It was founded in 1956, headquartered in Mumbai, India. The LIC is under the ownership of the ministry of finance, the Government of India. It has four major services like Life Insurance, Health Insurances, Investment management, and Mutual fund. In Union Budget 2020, finance Minister, Nirmala Sitaraman announced the government listing the LIC of India in the secondary market by the second half of this year. The annual premium received by the LIC around the Rs. 2 Lac Cr in the financial year 2018-19
Upcoming Zomato IPO
Zomato is an Indian food delivery startup, Founded in 2013 by the Depeender Goyal. The company provides services in around 24 countries in the world. In 2020, Zomato also launched the grocery delivery service in 80 plus cities across India. Zomato is going to launch its IPO. Zomato has filed for an IPO of up to Rs 8,250 Cr (1.11 Billion), As per the DRHP filed by Zomato, the company offers equity shares up to Rs 8250 Cr. In this 7500 Cr will be raised through a fresh issue of equity shares. The rest amount Rs 750 Cr will be raised through an OFS (Offer For Sale) by existing investor Info Edge.
Bajaj Energy Limited (BEL)
Bajaj Energy Limited is a thermal power generation company, located in Uttar Pradesh, India. The company was founded in 2008 and Mr. Kushagra Bajaj is the Chairman and a Non-Executive Director of Bajaj Energy Limited from SEP 2018.
The BEL has a total installed capacity of 2,430 MW and 450 MW from five operational plants Barkhara, Maqsoodapur, Kham Barkhera, Kundarkhi, and Utraula (90 MW each). Also, 1980 MW power was generated through the Latitpur power generation company limited.
The Company plans to launch its IPO comprises fresh issues worth Rs 5,150 Cr and an OFS of shares up to Rs 300 Cr by the Bajaj power venture. It also proceeds with the issue to acquire the remaining 79.31% stake in LPGCL ( Lalitpur Power Generation Company Limited ).
Shriram Properties Limited IPO
Shriram Properties Limited is India’s leading real estate industry on the Southside. It was founded in 1995, headquartered in Bengaluru, India. The SP is a part of the Shriram Group Companies and it’s a leading real estate developer with projects in Bangalore, Coimbatore, Vizag, Chennai, and Kolkata. Their projects include the apartment, villa, school, and villaments. The Shriram Properties files DRHP for Rs 800 Cr IPO, It’s included a fresh issue of equity shares worth Rs 250 Cr and offers for sale of up to Rs 550 Cr.
Shyam Metallic IPO –
Shyam Metallic is India’s leading metal producing company, it was incorporated in 2002. The company’s major production of long steel products such as steel billets, iron pallets, structural products, wire rods, and Ferri alloys. As of 2021, it is India’s largest producer of Ferro-alloys in terms of installation capacity in India. The company has a partnership with 42 distributors across the 13 states and 1 UT and 3 manufacturing plants located in Sambalpur, Jamuria, and Mangalpur. The SMEL planning to launch their IPO, an aggregate issue size of Rs 1,107 Cr with a fresh issue of Rs 675 Cr and OFS up to Rs 450 Cr.