Big IPOs to tune of Rs. 1.12L cr in offing

New Delhi: RETAIL investors will get a chance to participate in good quality IPOs as several important names including LIC are on the upcoming IPOs list to raise as much as Rs 1.12 lakh crore. According to market estimates, among the upcoming issues, insurance major, LIC is likely to launch a Rs 70,000-90,000 crore issue. The IPO list is dominated by financial services sector.

Food delivery chain, Zomato will launch a Rs 8,250 crore IPO while private sector airline, Go First will launch a Rs 3,600 crore primary market issue. Birla Sun Life Insurance is slated for a Rs 2,000 crore-Rs 24,000 crore issue while home loan company, Aptus will launch a Rs 3,000 crore issue.

Microfinance company, Arohan will launch a Rs 1,700-1,800 crore issue while Fincare Small Finance Bank is slated to launch a Rs 1,300 crore issue. Jana Small Finance Bank is estimated for a Rs 1,200 crore issue while the largest franchise of Yum Brands, Devyani International is set for a Rs 1,400 crore issue. Meanwhile, the IPO market is getting back on track after a lull of two months, with four companies launching their initial share-sales next week to raise Rs 9,123 crore collectively. The last initial public offering (IPO) was that of Macrotech Developers (erstwhile Lodha Developers), which opened during April 7-9. Shyam Metalics and Energy Ltd and Sona BLW Precision Forgings (Sona Comstar) will launch their IPOs on Monday, while Krishna Institute of Medical Sciences and Dodla Dairy will be open for public subscription on Wednesday. In addition, Clean Science & Technology expects to hit the primary markets in the first week of July 2021 with IPO size of Rs 1,500 crore, while India Pesticides is likey to come out with its public issue this month or July, Yash Gupta, Equity Research Associate at Angel Broking, said.

"The equity markets are flushed with liquidity and retail participation is at an all-time high. It is difficult to imagine a better time frame for small and mid cap companies to raise public money. So, it is quite natural for companies to tap the IPO market," Naveen Kulkarni, Chief Investment Officer, Axis Securities, said.