Business News Desk – The success of Bajaj Housing Finance’s IPO has created tremendous enthusiasm among retail investors. This IPO not only received a strong response, but the investors’ money doubled directly on listing. Amidst the tremendous response, many investors could not get allotment in this IPO. In such a situation, now investors are eyeing the upcoming IPO. So far 32 mainboard IPOs have come in FY25. In these, non-institutional investors were big buyers and over-subscription has been seen in the retail category of most public issues.
The possibility of allotment in the shareholder category will increase
To increase the chances of allotment, retail investors are keeping an eye on IPOs that include the ‘shareholder’ category. There are many listed companies whose subsidiary companies are planning to go public. Often special allotment is offered to the shareholders of their parent company. Holding just one share of the parent company allows the investor to apply in both retail and shareholder categories, which can increase the chances of allotment. Talking about the IPO of Bajaj Housing Finance, it got 67.43 times subscription. In this, shares worth Rs 500 crore were reserved for the shareholders of Bajaj Finance and Bajaj Finserv. Investors applied heavily in the shareholder category of this IPO. It got 7.41 times subscription in the retail category, while the shareholder category received 18.54 times bids.
NTPC Green Energy IPO
NTPC’s subsidiary NTPC Green Energy is preparing to bring an IPO of Rs 10,000 crore. The company has applied to SEBI for this. This IPO will have a quota for the existing shareholders of the parent company NTPC Limited, in which a maximum of 10 percent of the issue will be allocated under this category.
HDB Financial Services IPO
HDFC Bank’s non-banking subsidiary HDB Financial Services has approved the IPO plan. It will include issuance of fresh equity shares worth Rs 2,500 crore. At the same time, OFS will also be included by existing shareholders.
HDFC Credila IPO
The country’s top educational loan financier HDFC Credila Financial Services is preparing to launch an IPO in 2025. Under this, 5 investment banks have been selected as advisors. Four people associated with this matter gave this information to Moneycontrol on the condition of anonymity.
Ather Energy IPO
Electric two-wheeler company Ather Energy is planning to launch an IPO. In this, new shares worth Rs 3100 crore will be issued. Ather Energy, backed by Indian bike maker Hero MotoCorp, is known for its electric scooters.
Hero Fincorp
Hero Fincorp, the financial services arm of India’s largest two-wheeler company Hero MotoCorp, has filed documents for IPO with SEBI. The company intends to raise Rs 3688 crore. New shares worth Rs 2100 crore are to be issued in this offer. The company will raise Rs 1568 crore through OFS.
SJVN Green Energy IPO
Sources say that SJVN Green Energy, the renewable energy arm of listed PSU company SJVN, is preparing to bring an IPO. The company may soon file a draft paper with market regulator SEBI.
Bharat Coking Coal IPO
According to the report, Coal India may list its subsidiary Bharat Coking Coal. The firm produces coking coal, a key material supplied to the steel industry. “Listing will help Coal India focus on its core operations, while enabling the newly listed entity to operate with greater autonomy and efficiency,” ICICI Securities said.
Central Mine Planning & Design Institute IPO
Coal India may also list its mining consultancy arm Central Mine Planning and Design Institute (CMPDI). The coal PSU has received approval from the Department of Investment and Public Asset Management as well as the Ministry of Coal. Ranchi-headquartered CMPDI acts as a consulting firm of Coal India, specialising in mineral exploration, mining and infrastructure engineering.
Ashirvad Micro Finance IPO
Ashirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance, has received SEBI’s approval to raise funds through an IPO. According to the DRHP, the IPO is only a fresh issue of equity shares aggregating up to Rs 1,500 crore, with no OFS.
Canara Robeco AMC IPO
Canara Bank MD and CEO K Satyanarayana Raju has said that the IPO of Canara Robeco Asset Management Company (AMC) is expected to be launched in the fourth quarter of the current financial year. “We have completed all the approvals, only the process of appointing merchant bankers is going on, so we are hopeful that the listing will happen in the fourth quarter of this financial year,” he said.
