Key IPOs Coming This Year
10 KEY IPOS THAT ARE SCHEDULED TO HIT THE MARKET THIS YEAR
1. LIC – Life Insurance Corporation of India
2. BURGER KING
Edelweiss, Kotak Mahindra Capital, JM Financial, and CLSA are the investment bankers managing the Burger King IPO. Its rivals Jubilant FoodWorks-the operator of the Domino’s chain in India-and Westlife Development, which runs McDonald’s outlets in the southern and western regions, went public in 2010 and 2009, respectively.
3. UTI AMC (UTI MF)
The public issue consists of an offer for sale by shareholders including State Bank of India, Bank of Baroda, LIC, Punjab National Bank and T Rowe Price. First three shareholders will sell 10,459,949 shares each, while the other two will offload 3,803,617 shares each.
UTI AMC’s four domestic shareholders LIC, State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) own 18.5 per cent stake each and also have their own AMCs.
4. COMPUTER AGE MANAGEMENT SERVICES – CAMS
CAMS is based in Chennai, CAMS is co-owned by – NSE Investments Limited (Subsidiary of NSE), Warburg Pincus LLC (a leading global private equity firm), Faering Capital (a leading Indian mid-market private equity firm), ACSYS Investments Pvt Ltd and HDFC Group. These investors are expected to partially offload their stake via IPO.
5. HOME FIRST FINANCE
The Mumbai-based firm is expected to hold its IPO this year. The offer for sale consists of Rs 498.4 crore worth of shares by True North Fund V LLP, Rs 332.2 crore worth of shares by Aether (Mauritius) (both are promoter selling shareholders), and Rs 176.4 crore shares by Bessemer India Capital Holdings II, Rs 56 crore shares by PS Jayakumar, Rs 35.9 crore shares by Manoj Viswanathan and Rs 1.1 crore shares by Bhaskar Chaudhry. Axis Capital, Credit Suisse, ICICI Securities and Kotak Mahindra have been appointed for the share sale. The firm is a mortgage financier in the affordable housing segment.
EESL is a joint venture of four public sector enterprises – NTPC, PFC, REC and PowerGrid. Financial services company Investec has valued EESL at around Rs 5,000 crore.
7. EQUITAS SMALL FINANCE BANK
9. NSE – National Stock Exchange
The IPO is likely to see existing shareholders offload 20-25 per cent stake to the public through the offer for sale (OFS) route.
In June, 2017, the Cabinet Committee on Economic Affairs had approved the listing of IREDA. Under the listing proposal, IREDA will issue fresh 13.90 crore shares, increasing the paid up share capital of the company from Rs 784 crore to Rs 923 crore. At present, the company has 78.46 crore equity shares. IREDA is registered as a non-banking financial company with RBI.