Top Upcoming IPOs in 2021
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The Indian e-commerce payment and Fintech company plans to roll out a Rs 160 billion IPO and will file draft papers with SEBI in July. They will raise money by selling primary and secondary shares, offering an exit to its investors. The company is aiming at a post-IPO valuation of USD 24-25 billion.
Utkarsh Small Finance Bank IPO
Utkarsh Small Finance Bank is a fast-growing small finance bank in the nation. They have filed with SEBI seeking approval for Rs 1,350 crore IPO, consisting of up to Rs 750 crores in primary issues and Rs 600 crores in offer for sale.
Aditya Birla Sun Life AMC IPO
Finance Minister, Nirmala Sitharaman cleared the roadblocks of LIC divestment, and now the largest state-owned life insurance company is set to issue initial public offering shares in 2021. Once launched, it will be the largest IPO launch in India close to a value of Rs 7,000-8,000 crores. The Union government plans to raise Rs 2.1 lakh crores from the divestment of LIC and IDBI Bank will offload around 90,000 shares of LIC.
The company is one of the fastest-growing NBFC-MFI and the fifth largest in the nation. They focus on providing micro, sustainability loans to women in the rural sectors. According to a CRISIL report, they had 1.2 million active borrowers in FY18. Their IPO will contain both fresh issues and offered shares from promoters.
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