The first half of 2017 has seen viable IPOs in NSE/BSE.Investors and market traders had a profitable start investing in IPOs like Dmart.After Demonetisation and GST the market reached bullishly.In the second half of 2017, Indian stock exchange is going to see few more IPOs like the first half of 2017.
Here is the list of 9 upcoming IPOs investors should look for:
HDFC standard life insurance co.
Hdfc standard life insurance co was founded in the year 2000. It is a joint venture between Housing Development Finance company (HDFC) and Standard Life. HDFC owns 61.65 percent stake and Standard Life holds 35 percent in HDFC Life Insurance. HDFC is about to raise around 10000 cr through IPO.
New insurance co.
The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is one of the five Wholly Government of India owned assurance companies of India.It is the “largest general insurance company in India on the basis of gross premium collection inclusive of foreign operations”.New India Assurance is expected to sell 15% to raise as much as Rs 8,000 crore in an initial public offering (IPO), which includes 5% fresh equity, said two sources in the know of the development.
Sbi life insurance co.
SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI), the largest state-owned banking and financial services company in India, and BNP Paribas Cardiff. SBI owns 70.1% of the total capital and BNP Paribas Cardiff 26% of the capital. The two JV partners are planning to sell up to 120 million shares of a face value Rs 10 each through an offer for sale, which will help them garner well over $1 billion (about Rs 7,000 crore).
General insurance of India
The General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed to control and operate the business of general insurance in India. The IPO is likely to raise over Rs10,000 crore. The government plans to sell 107.5 million shares in the IPO, while the company will issue around 17.2 million new shares to raise primary capital.
ICICI Lombard general insurance co.
Established in 2001, ICICI Lombard General Insurance Company is a joint venture between ICICI Bank- India’s second largest bank and Fairfax Financial Holdings Limited- a financial services company based in Toronto. ICICI bank had 64% stake in the venture while Fairfax had 35% in the joint venture. The company would offer 86,247,187 equity shares, at the face value of Rs 10 per share, representing about 19 per cent of its equity share capital.
National stock exchange of India
The National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai. NSE was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered an easy trading facility to the investors spread across the length and breadth of the country. The offer may give the exchange a valuation of Rs 50,000 -55,000 crore, officials said, adding that the IPO itself could be worth about Rs 10,000 crore. The IPO will see existing shareholders offloading 20-25 per cent shares to the public through the offer for sale (OFS) route.
Godrej Agrovet Limited (GAVL) is an Indian animal feed and agribusiness company. Godrej Agrovet is a highly diversified company backed by Research and Development.The company holds leading market position in poultry processing, animal feed, oil palm plantations and Agri inputs. Godrej Industries owns 60.8% in Agrovet and is about to raise up to Rs400 crore.
India’s Mahindra Logistics Ltd, a unit of automobile major Mahindra and Mahindra Ltd has filed for an initial public offering of shares. The promoter, Mahindra and Mahindra Ltd, will be selling 9.7 million shares while Normandy Holdings Limited will sell 9.3 million shares as part of IPO, according to a filing with market regulator Securities and Exchange Board of India.
India’s leading matchmaking and marriage services provider Matrimony.com will soon launch its Initial Public Offering (IPO).The initial public offering by the company will consist of a fresh issue summing up to Rs. 1,300 million and an offer for sale of up to 3,767,254 equity shares. The equity shares of the company will have a face value of Rs. 5 each with the issue structured on the book-building basis. The fund raised by IPO will be utilised for advertising and business promotion activities, land purchase for office premise’s construction in Chennai, repayment of overdraft facilities and general corporate purposes. India’s IPO market has been on a roll with money raised through IPOs surging 116.3 percent to $2.6 billion in the first half of 2017, data released last month showed.