Initial Public Offering or IPO, are filed by private companies by offering shares to the public in stock issuance. This process is done by unlisted private companies to get listed on the stock exchange and become public. The IPos are registered with SEBI through Draft Prospectus (DRHP) and IPO Red Herring Prospectus (RHP).

The main objective of an IPO is the expansion of the company’s existing activities or establishing new projects or some other object as may be stated by the company in its offered document.

India has witnessed some of the biggest IPOs, in November 2010, Coal India was listed on the exchanges after it filed an IPO of 15,475 crores. 

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 and upcoming companies filing an IPO in FY2021 and they are one of the most buzzed and awaited IPOs in 2021.  (Initial details source: CrunchBase)

Fincare Small Finance Bank
  • Founder –  Acquired by True North
  • Founded –  Jan 2007
  • Location – Bengaluru, Karnataka, India
  • Total Funding amount – INR 1.3 Billion

Fincare Small Finance Bank offers its customers financial and banking services. The IPO of this microfinance company raised an issue of 1330 Crores from the primary market. The company will comprise INR 330 crore by the bank and a sale offer INR 1000 crore in Fincare Business Services by the promoter. 

“Among comparable small finance bank peers in India, the bank had the highest growth rate in advances over FY18 to FY20. Its gross loan portfolio (GLP) grew from Rs 2,154.37 crore to Rs 5,547.58 crore, registering a CAGR of 41.05 per cent, from March 2018 to December 2020,” CRISIL said.

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 management service and offshore fund management with 135 mutual funds schemes. 

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’s management has started preparing the ground for submitting 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 NBFC present in India that offers loans ranging from INR 10K to INR 100 Lacs. It works with local partners on the ground zero to further improve its reach in the most remote location of the country with low incomes. 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 new shares of INR 850 Crore and present for sale of 2,70,55,893 equities. The company plans to mobilize INR 150 crore through the pre-placement offer. It might decrease the IPO size.

Urban Company
  • Founder –  Abhiraj Singh Bhal, Raghav Chandra, Varun Khaitan
  • Founded –  November 2014
  • Location – Gurgaon, Haryana, 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 aids customers book trustable home services and it also aims to help millions of service professionals across the world to provide home services.

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 –  2015
  • Location – Mumbai, Maharashtra, India
  • Total Funding amount – USD 671.5 Million

PharmEasy is an online marketplace for the buyers and sellers (local pharmacies) that lead customers to buy medicines from nearby pharmacies (drug stores).  As per the sources, the company is looking to file for an IPO of INR 3000 – INR 3700 crore to take the valuation up to USD 3 Billion post-IPO.

They are seeking possibilities of listing the company indirectly to 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 an eCommerce payment and Fintech company based in India, and one of the startups ranked amongst the Unicorn of fintech sectors 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 provided by them will contain fresh equities and an offer for sale from current investors, including employees.

Nuvoco Vistas Corporation Ltd.
  • Founder –  n/a
  • Founded –  January 1999
  • Location – Mumbai, Maharashtra, India
  • Total Funding amount – INR 5 Billion

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

The company has submitted with SEBI for USD 800 million IPO. The offer size will contain primary issues 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 eCommerce website to buy beauty and wellness products. They have a valuation of 3 Billion, with a customer base across the nation. It manages nearly 1.5 million orders per month and over 15 million customers. It was recorded as only profitable unicorn with positive income in 2019.

They are considering an IPO and consider the valuation of the company to n=reach nearly USD 4.5 Billion. As per the sources the company is considering an IPO size between 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 at their door steps. 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 has filed with the market regulator for an Rs 8,250 crore 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, and also the largest investor in India. It is totally owned by the Government of India, it also funds close to 24.6% of the expenses of Indian Government. Having an asset is estimated at 9.31 Trillion.

It is expected to be the largest IPO launch in the Indian market, with a possible fetch between INR 20,000 – INR 30,000 crores. Taking 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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