Samvat 2080 has proven to be a blockbuster for the Indian primary market. So far this Samvat, 82 companies have made a record profit of Rs 1.08 lakh. This figure is likely to increase further in the coming days. IPOs for many companies will occur before the end of this year. However, this year the stock market has also performed very well. There are very few years in which more than 80 IPOs occur in a given year. Also, the companies must have earned more than Rs 1 lakh crore in a year. Let us also tell you what kind of numbers have come out regarding the IPO.
What were the top IPOs in Samvat 2080?
The biggest IPO this year was none other than that of South Korean vehicle maker Hyundai Motors India. The company raised Rs 27,000 crore with the IPO. Only two companies have been seen in the Indian primary market, which have raised more than Rs 20,000 crore. Meanwhile, the IPO of Bajaj Housing Finance Limited had received tremendous response.
The company’s IPO was valued at Rs 6,560 crore, and it received bids worth Rs 3.2 lakh crore. The IPO had received approximately 90 lakh applications. Which broke the previous record of Tata Technologies. Which also launched its IPO during the same year of Samvat.
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Other companies going public this year include Bharti Hexacom, Indian Renewable Energy Development Agency (IREDA), Go Digit General Insurance, Brainbees Solutions (FirstCry), Ola Electric Mobility, Aadhaar Housing Finance and Premier Energies. Apart from this, Vodafone Idea also filed a follow-on public offer (FPO) of Rs 18,000 crore, which was the largest FPO till date.
IPO Market Outlook for Samvat 2081
Experts remain optimistic about the prospects of the Indian market for Samvat 2081. They estimate that more companies will try to raise funds through the IPO route. The upcoming planned public issues include National Stock Exchange (NSE), National Securities Depository (NSDL), Vishal Mega Mart, NTPC Green Energy, ONGC Green Energy, Satluj Jal Vidyut Nigam (SJVN) and Swiggy. Apart from this, 28 companies have already received approval from SEBI to raise approximately Rs 49,889 crore. Meanwhile, according to PRIME database data, around 63 companies are awaiting regulatory approval to raise around Rs 90,608 crore through IPO.
