3 IPOS THAT ARE LIKELY TO HIT THE MARKET SOON

Introduction

According to the Prime Database, public issues aggregated to a whopping ₹34,316 crore as of August 31, 2022. Moreover, with the latest IPO (Initial Public Offering) by Harsha Engineers India that witnessed an oversubscription, there seems to be increased participation in the upcoming IPOs. 

If you are looking to invest in IPOs, but have no idea where to start, you can look out for these 3 upcoming IPO in the market—Aadhaar Housing Finance, Ixigo and Five-Star Business Finance.

Find out more about these top 3 upcoming IPO in the market in detail.

1. Aadhaar Housing Finance

According to CRISIL (Credit Rating Information Services of India Limited), Aadhaar Housing Finance is the largest Housing Finance Company (HFC) in India as of March 31, 2021, centred on the low-income housing section.

The firm’s gross AUM (Assets Under Management) grew from ₹100,157.5 million in FY2019 to ₹114,316.6 million in FY2020. Further, it was estimated to be ₹140,521.9 million as of December 31, 2021.

The HFC’s IPOs combine up to ₹7,300 crore, which include fresh issues worth ₹1,500 crore and Offer for Sale (OFS) worth ₹5,800 crore.

The company plans to debut on the stock market between mid-October-November.

2. Ixigo

Ixigo, also known as Le Travenues Technology, is a technology firm that allows travellers to book, plan, and manage their trips across air, road, and rail, as well as offers assistance in hotel bookings, etc.

The company remains the largest Indian OTA (Online Travel Agency) when it comes to online train bookings having a 42% market share for rail bookings among B2C distributors of IRCTC (Indian Railway Catering and Tourism Corporation) in FY2021 and OTAs.

The firm’s revenue from operations increased to a CAGR (Compound Annual Growth Rate) of 83.26% between FY2019 and 2021.

The company plans to hit the market in mid-December this year to raise ₹1,600 crore, including a fresh issue valuing ₹750 crore and OFS worth ₹850 crore.

3. Five-Star Business Finance

Five-Star Business Finance is an NBFC-ND-SI (Systematically Important Non-Deposit taking Non-Banking Financial Company).  It offers secured business loans to self-employed individuals and micro-entrepreneurs. 

The firm’s AUM reached ₹46,392.91 million as of September 30, 2021, from ₹4,935.88 million as of March 31, 2017.                                             

The profit for the year for the six months ended September 30, 2021, and for the financial years 2021, 2020, and 2019 stood at ₹2,175.47 million, ₹3,589.94 million, ₹2,619.51 million, and ₹1,564.14 million, respectively.

Planning to enter the stock market in mid-October- November, the company will raise ₹2,751.95 crore through IPO. However, the IPO will be purely an OFS (Offer for Sale).

Conclusion

IPOs are often issued at discounted rates. Considering the example of Amazon, a market giant whose share prices skyrocketed over the years, IPOs thus can be an excellent opportunity to invest in promising companies. So, go ahead and invest in the three new IPO in the market.

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