Initial Public Offering or IPO is the process by which unlisted private companies get listed on the stock exchange and become public. The IPOs are registered with the securities market regulator-Securities and Exchange Board of India (SEBI), through Draft Prospectus (DRHP) and IPO Red Herring Prospectus (RHP).

The main objective of an IPO is to expand the company’s existing activities or establish new projects or some other objective as may be stated by the company.

In this article, we have gathered the top 10 latest and upcoming IPOs in India. The companies listed in this article are the few latest companies that have filed for an IPO in FY2021.  (Initial details source: CrunchBase)

Fincare Small Finance Bank
  • Founder –  Keyur Doshi
  • Founded –  1996
  • Location – Bengaluru, Karnataka, India
  • Total Funding amount – INR 1.3 Billion

Fincare Small Finance Bank offers its customers financial and banking services. The small finance bank aims to raise Rs 1330 crores from the IPO with a fresh issue of INR 330 crores and an offer for sale of INR 1000 crores. 

According to the credit rating agency CRISIL, Fincare’s gross loan portfolio (GLP) grew from Rs 2,154.37 crore to Rs 5,547.58 crore, at a CAGR of 41.05 per cent, between March 2018 and December 2020.

Aditya Birla Sun Life AMC
  • Founder –  Ghanshyam Das Birla, Kumar Mangalam Birla‎ (Aditya Birla Group)
  • Founded –  1857 (Aditya Birla Group)
  • Location – Mumbai, Maharashtra 
  • Total Funding amount – n/a

Aditya Birla Sun Life AMC is a joint venture between Sun Life AMC Investments Inc. and Aditya Birla Capital Limited. It offers portfolio management, alternative investment funds and offshore fund management. 

The company managed an AUM of INR 2.74 Trillion in December 2020. It is planning for an IPO between INR 22,000 crore – INR 24,000 crore. The company is currently working on submitting its Draft Prospectus (DRHP) with the SEBI.

Arohan Financial Services 
  • Founder –  Shubhankar Sengupta, Vineet Rai
  • Founded –  2006
  • Location – Kolkata, West Bengal, India
  • Total Funding amount – USD  20 Million

Arohan is one of the few non-banking financial companies (NBFCs) present in India that offers loans ranging from INR 10K to INR 100 Lacs. It works with local partners on ground zero to further improve its reach in the remotest locations of the country. It offers financial safety to provide products at an affordable cost to its customers.

The company filed for an IPO of INR 1800 Crore, which will contain fresh issue of INR 850 Crore and an offer for sale of 2,70,55,893 equity shares. The company may also mobilize INR 150 crore through a pre-placement offer.

Urban Company
  • Founder –  Abhiraj Singh Bhal, Raghav Chandra, Varun Khaitan
  • Founded –  November 2014
  • Location – New Delhi, India
  • Total Funding amount – USD 449.5 Million

Urban Company, formerly known as Urban Clap, offers a marketplace for freelance labour. It offers numerous home services to customers, which comprises deep cleaning, plumbing, haircuts, beauty treatment, carpentry, and appliance repairs. The platform helps customers book trustworthy home services, and it also aims to help millions of service professionals across the world.

Company founder Abhiraj Singh Bhal stated that his company is considering an IPO launch in the coming days. Currently, they are looking at a timeline of 18 to 24 months to finalise the offer.

  • Founder –  Dharmil Sheth, Dhaval Shah, Mikhil Innani
  • Founded –  2014
  • Location – Mumbai, Maharashtra, India
  • Total Funding amount – USD 671.5 Million

PharmEasy is an online drug delivery platform that improves the supply chain of pharmaceuticals by digitizing the process.  As per the sources, the company is looking to file for an IPO in the range of INR 3000 – INR 3700 crore with a post-IPO valuation of USD 3 Billion.

They are also looking at possibilities of indirectly listing in the US market to gain a higher valuation.

  • Founder –  Akshay Khanna, Vijay Shekhar Sharma
  • Founded –  January 2010
  • Location – Noida, Uttar Pradesh, India
  • Total Funding amount – USD 32.5 Million

Paytm is a mobile payment and e-commerce platform based in India, and is part of the decacorn club with a valuation of nearly USD 16 billion. It provides payment facilities to merchants and customers.

The company stated that it is planning to file for an IPO of INR 218 billion. The offer will contain fresh equities and an offer for sale from current investors, including employees.

Nuvoco Vistas Corporation Ltd.
  • Founder –  Jayakumar Jay Krishnaswamy
  • Founded –  January 1999
  • Location – Mumbai, Maharashtra, India
  • Total Funding amount – INR 5 Billion

Nuvoco Vistas, a unit of Nirma Group, is a cement manufacturing company. Currently, it is the fifth-largest in terms of combined production capacity after it acquired India’s Lafarge Unit and Emami Group, based in Kolkata.

The company aims to raise USD 800 million via IPO. The offer size will contain primary issue worth Rs 1,500 crore and OFS of Rs 3,500 crore.

  • Founder –  Falguni Nayar
  • Founded –  2012
  • Location – Mumbai, Maharashtra, India
  • Total Funding amount – USD 341 Million

Nykaa is an e-commerce website that sells beauty and wellness products. They are currently a USD 3 billion business that manages nearly 1.5 million orders per month and has over 15 million customers. It is one of the few profitable unicorns in the country.

They are considering an IPO with a valuation of around USD 4.5 billion and aims to raise around Rs 500-700 million.

  • Founder –  Deepinder Goyal, Gaurav Gupta, Pankaj Chaddah
  • Founded –  2008
  • Location – Gurgaon, Haryana, India
  • Total Funding amount – USD 2.1 Billion

Zomato is an online food ordering platform that allows users to order meals from any restaurant and have them delivered to their doorstep. Zomato connects over 55 million users to nearby restaurants in 24 countries.

It is one of the most hyped IPOs of 2021 in India. It aims to raise around Rs 8,250 crore from the IPO.

  • Founder –  n/a
  • Founded –  1956
  • Location – Mumbai, Maharashtra, India
  • Total Funding amount – n/a

The Life Insurance Corporation of India (LIC) is the largest state-owned life insurance company in the country. It is totally owned by the Government of India, it also funds close to 24.6% of the expenses of the Indian government.

It is expected to be the largest IPO launch in the Indian market, which can fetch anywhere between INR 20,000 – INR 30,000 crores. Keeping in mind the new norms in place the final issue size can vary between Rs 45,000-55,000 crore.

For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

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