- It is raining IPOs in India as every month sees about 5-10 companies filing DRHPs with SEBI.
- In 2021 so far, 41 IPOs have been listed on the BSE.
- More than 65 companies have filed DRHP with SEBI so far in 2021 out of which 10 companies have filed DRHP in August alone.
2021 seems to be a lucky year for companies to get listed by issuing their shares to the general public. So far in 2021, more than 65 companies have filed their draft red herring prospectus (DRHP) with India’s market regulator Securities and Exchange Board of India (SEBI).
DRHP is a document that outlines the business of the company, its financial position, the reasons for which the company is raising money and how it will use it.
Meanwhile, 41 initial public offerings (IPO) have already been listed on the BSE in 2021. From these — Tatva Chintan Pharma Chem, Clean Science and Technology, G R Infraprojects and Indigo Paints were some of the hits of 2021 as the IPOs of these companies got listed at about 75-105% premium over its issue price.
Adding to it, the IPO of Life Insurance Corporation of India (LIC) is the most awaited as it will be the largest in India’s corporate history. As per reports, the company will be raising ₹70,000 crore. However, they are yet to file the prospectus with SEBI.
There are more than 65 companies that filed prospectus with SEBI this year. Here is a list of 10 most awaited IPOs of well known companies that might get listed this year.