- The government-owned LIC has nominated Edelweiss Financial Services Ltd and Deloitte India as its pre-IPO advisors.
- India’s largest stock-exchange NSE is also likely to come up with its IPO later this year.
- Earlier this month, Barbeque Nation received the market regulator’s approval for its plan to raise ₹1,000-1,200 crore through an initial public offering.
- As per SEBI’s draft offer document, Burger King is planning to raise as much as ₹1,000 crores.
From Life Insurance Company and UTI Mutual Fund to a burger giant rivaling McDonald’s— there is a whole range of companies that are looking to get listed on the Indian stock exchanges in the coming months.
Due to the COVID-19 crisis, markets witnessed weeks of choppy trade and sell-off. Companies were wary of pushing ahead with their IPO plans, and hence we have seen only 3 IPOs so far this year - including SBI Cards and Rossari Biotech. However, they fared better than what the street had expected.
After a cautious few months, the IPO market is gathering steam again. LIC has been the recent one to nominate Edelweiss Financial Services Ltd and Deloitte India as its pre-IPO advisors.
Here’s a list of IPOs coming up this year: