The initial public offering of Life Insurance Corporation is expected to hit the markets by March. It is touted to be the biggest ever in the country’s history. The government has high hope on its success since so far this fiscal only Rs 9,330 crore has been mopped up through PSU disinvestment. Now LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for current fiscal which is expected to hit the market in the current quarter with an offer in the range of Rs 70,000-1,00,000 crore.
However, the company is yet to file its draft prospectus with the regulator. India’s biggest startups like Flipkart, Ola, Pharmeasy and Delhivery are also gearing up for their IPO. IPOs worth a record Rs 1.3 lakh crore hit the primary market in 2021. The momentum of buying was largely supported by the record high rally in the secondary markets and the ample availability of liquidity.
So far 38 companies have received the nod from the Securities and Exchange Board of India and 36 companies are awaiting Sebi’s observations. Media reports indicate that at least 20 companies are expected to launch their IPOs in the first quarter of CY22. The prominent names are – Adani Wilmar, ESAF Small Finance Bank, Go Airlines, Emcure Pharmaceuticals, ESDS Software Solutions, AGS Transact Technologies, Tracxn Technologies, Arohan Financial Services, Paradeep Phosphates and One MobiKwik Systems, Sterlite Power Transmissions, Godavari Biorefineries, VLCC Health Care, India1 Payments, Healthium Medtech, Puranik Builders, Prudent Corporate Advisory Services, Penna Cement Industries, Veeda Clinical Research, Keventer Agro, Ixigo, Fusion Micro Finance, Chemspec Chemicals, and Utkarsh Small Finance Bank.
Secondly, following companies have also filed their draft papers during September-December 2021 – Snapdeal, Delhivery, API Holdings (Pharmeasy), Aether Industries, Protean eGov Technologies, Capillary Technologies, Rainbow Children’s Medicare, TBO Tek, Bharat FIH, Syrma SGS Technology, eMudhra, Droom Technology, Radiant Cash Management, Oravel Stays (OYO), Lava International, CMR Green Technologies, and Vedant Fashions (Manyavar).