IPO in October-November: In the next two months, more than half a dozen companies including Hyundai Motor India, Swiggy, and NTPC Green Energy are preparing to bring initial public offerings (IPOs) to raise about Rs 60,000 crore. This will keep the IPO market abuzz. Merchant banking sources gave this information. Apart from these three companies, Afcons Infrastructure, Wari Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies that are preparing to bring IPOs during October-November.

Up to Rs 60,000 crore can be raised from IPO

These companies together can raise up to Rs 60,000 crore from the IPO. Munish Aggarwal, Managing Director and Head (Equity Capital Markets) of Equiras, expects more than 30 IPOs to come between the end of September and December. These IPOs will be of different sectors and sizes. These will include new shares being issued and also an offer for sale (OFS).

The biggest IPO

Hyundai Motor India Limited, the Indian subsidiary of South Korea's Hyundai Motor Company, is preparing to raise Rs 25,000 crore through IPO. This will be the country's largest IPO so far. It can surpass the figure of Rs 21,000 crore IPO of Life Insurance Corporation of India (LIC). According to the IPO documents, the entire issue of the automobile company will be in the form of a sale offer (OFS) of 14,21,94,700 shares by Hyundai Motor Company. No new shares will be issued in this.

Other major IPOs include the share sale of Swiggy, an online food delivery company. According to sources, Swiggy is aiming to raise Rs 10,414 crore through the sale of new shares and OFS. Swiggy's IPO will include the issuance of new shares worth Rs 3,750 crore and the sale offer of 18.52 crore shares worth Rs 6,664 crore. Apart from this, NTPC Green Energy, a renewable energy company of public sector NTPC, is planning to bring its Rs 10,000 crore IPO in the first week of November.

Afcons Infrastructure

Shapoorji Pallonji Group's construction company Afcons Infrastructure will also join the IPO fray with an offering of Rs 7,000 crore, while Waaree Energies is planning to raise Rs 3,000 crore through the issue of new shares apart from the OFS. Niva Bupa Health Insurance and One Mobikwik Systems are planning to raise Rs 3,000 crore and Rs 700 crore respectively.

They collectively raised Rs 64,000 crore through IPO

Apart from this, 62 companies including Bajaj Housing Finance, Ola Electric Mobility and FirstCry's parent company Brainbees Solutions have already collectively raised Rs 64,000 crore through main-stage IPOs. This is 29 percent more than the figure of Rs 49,436 crore raised by 57 companies through this route in 2023. V Prashant Rao, Director and Head-ECM, Investment Banking, Anand Rathi Advisors, said that the outlook for the IPO market in 2025 remains broadly positive as the Securities and Exchange Board of India (SEBI) has approved 22 IPOs so far. In this, companies are planning to raise about Rs 25,000 crore.