With a long list of upcoming initial public offers (IPOs) in the pipeline this year, investors may look forward to an action-packed year. As many as 16 IPOs are likely to hit the market in March itself to raise over Rs 25,000 crore.
The list of upcoming IPOs includes MTAR Technologies, Kalyan Jewellers India, Power Grid Corporation InvIT, Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance and India Pesticides, among others.
Of this, 11 companies — MTAR Technologies, Easy Trip Planners, Puranik Builders, Apeejay Surrendra Park Hotels, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, ESAF Small Finance Bank and Kalyan Jewellers India — have received nod from market regulator Sebi for public listing of shares.
The strong rally on Indian bourses has set the stage for companies across sectors to raise capital through IPOs to take advantage of this opportune time. Eight companies raised Rs 12,720 crore through this route in the first two months of 2021, while Rs 43,800 crore was raised in the year 2020.
Here’s a look at the top 11 upcoming IPOs that are scheduled to hit the market in March 2021.