Initial public offers (IPOs) of at least five companies, including state-owned RailTel and Burger King (India), will hit the stock market by next month. The companies plan to raise capital of more than Rs 10,000 crore from these IPOs. Market experts say that investors can earn well from IPOs of upcoming companies. Let’s have a look at the IPO of the companies coming in the next month i.e. December.
1. Railtel Limited IPO
State-run RailTel is launching an IPO next month. RailTel was founded in 2000 as a Mini Ratna company. RailTel has Miniratna status. It is one of the largest telecom infrastructure companies in the country. It is the only company to have a special right of way for laying optic fiber networks along railway tracks. By June 30, 2020, a total of 55 thousand kilometers were covered through a fiber network across the country, while 5,677 railway stations were covered. According to the information received from the market, RailTel is planning to raise Rs 700 crore from the market.
2. Burger King (India)
The IPO of restaurant chain Burger King India will hit the stock market on 2 December. The price range for bidding shares under the company’s IPO has been fixed at Rs 59-60 per share. Burger King’s Indian subsidiary will raise Rs 810 crore. It will issue new shares worth Rs 450 crore. The company opened its first restaurant in India in November 2014. Today, the company has 261 restaurants in 17 states and union territories in India. These restaurants are in 57 cities. The sale
3. Kalyan Jewelers
Kalyan Jewelers has set a target of raising Rs 1750 crore through an IPO. According to Kalyan Jewelers, the IPO will have a fresh issue of Rs 1,000 crore and Rs 750 crore will be under offer for sale. Kalyan Jewelers made a net profit of Rs 142.2 crore in FY 2019-20, while the company had a loss of Rs 4.8 crore in FY 2018-19.
4. Home First Finance
Home First Finance will offer an IPO of Rs 1,500 crore. Home First is active in the affordable housing segment. The company has grown at an annual rate of 50 per cent for the last four years.
5. ESF Small Finance
ESAF Small Finance Bank plans to raise Rs 1000 crore from the IPO. According to CRISIL report, ELAF Small Finance Bank is active in 16 states and one union territory of the country. It has a network of 403 branches and 38 meager branches, serving 37.3 lakh customers.
What is an IPO?
An IPO is the process through which companies raise money from investors in exchange for their shares (shares). Through this, the company is also listed on the stock market.
Keep these things in mind before investing
– Check the company’s valuation
– Research on your own, as best as you can.
– You need to have a demat account for investment
– Know promoters information and management team
– Do not get caught in cheap affair, gather complete information about the company