Best 5 upcoming IPOs of 2021

Every time an organization or company decides to release shares to the public for investment, they do so by Initial Public Offerings or IPO. Recently large Indian start-ups like Zomato and Paytm have released their IPO and LIC is soon to follow. These IPO’s has paved a way for other companies to release their IPOs as everyone is unsure because of the Pandemic that took place in 2020. IPOs do not stay for much longer if they are from giant start-ups and which is why you will have to keep knowledge of the IPOs that will be released by the end of 2021. Here are some of the upcoming IPOs of 2021

LIC (Life Insurance Corporation Ltd) IPO

Life Insurance Corporation has been cleared by Finance Ministry for divestment which means it is going to launch its Initial Public Offerings by the end of 2021. Life Insurance Corporation is considered to be the largest IPO of India with a value of Rs 8000 crores. The divestment also happens for IDBI Bank as planned by the Union government. With the divestment of these companies, the government is planning to raise Rs 2.2 Lakh crores which will see 90k in shares of LIC getting offloaded. No official dates have been released till the date of writing this article and the high chances of LIC IPO being released is early December.

Adani Wilmar IPO

A leading name in the edible oil Industry is Adani Wilmar. If you have heard the name of Fortune brand oil then you are using Adani Wilmar products on a day-to-day basis. They have a variety of products under their brand and occupy a great share of the oleochemical manufacturing space. They are also set to release their IPO and the objectives of Adani Wilmar IPO are expanding existing manufacturing units by Funding CAPEX, building new manufacturing units, repayment of existing loans, strategic investments, and coping with corporate purposes.

MobiKwik IPO

MobiKwik started as a Payment wallet back in 2012 and is now the leading BNPL or Buy now pay later provider. Mobikwik has earned its popularity due to the extravagant schemes which eased the mobile payment system, extended Buy Now Pay Later benefits, and also addressed the credit requirements of online users. MobiKwik is also going to launch its IPO in early December 2021 as per sources and the objectives of the IPO will be to repay the company’s outstanding loans, cope with organic and inorganic growth initiatives, and also meet the corporate requirements.

Bajaj Energy IPO

Bajaj Energy IPO will be one of the crucial IPOs of 2021. LPGCL or Lalit Power Generation Company and BEL or Bajaj are considered to be the top-grossing private limited in Power generation in Uttar Pradesh. It has a 450 Mw thermal power plant across various locations in UP which are all coal-based and this makes their gross capacity to 2430 Mega Watts in UP. The IPO of BEL o Bajaj Energy Limited seems to be near about Rs 300 crores and in the recent advancement, a fresh Rs 3150 crores shares were added to the IPO which totals to Rs 3450 crores in shares. Bajaj Energy got permission from SEBI back in 2019 and has filled the DRHP in 2019 itself, however, they are yet to disclose the IPO release date which is most possibly in early December or mid-December.

Pharm Easy IPO

Pharm Easy the eCommerce medicine outlet is also set to release its IPO. Pharm Easy is an online store that sells medicine with valid prescriptions from recognized doctors. As per reports pharm easy has applied for an IPO which is going to be launched by December 2021. The total number of shares or IPO size will be valued at Rs 3700 crore which will eventually take the value of the company to 3 billion USD.

Conclusion

The IPOs mentioned above are yet to be scheduled for an official release but people are keeping a close watch on these IPOs. They are all speculated to be released in late December or early January however, you have to keep an eye on the latest news regarding these IPOs so that you don’t miss the application date and get the desired lot on your desired IPO.