As the economy is back on track several companies are going public in 2021, just like many countries did in 2020. A pick up investment activity is expected due to an imminent economic recovery on the cards, an increase in global risk appetite, and the ongoing positive stock market sentiment. Rs. 12,362 crores were raised through the IOPs in 2019, Rs. 30,000 crores in 2020 which is more than the double in 2019. According to experts, 2021 is poised to match these numbers.
Here’s a look at some prominent IPOs on the cards for 2021:
The company plans for its 10% stake sale on the capital markets, which is the biggest in India and thus, is one of the most awaited IPOs of the year. There are plans to raise Rs. 1 lakh crore through IPO.
It planned to go public in the year 2022, later preponded its plan for 2020 only to postpone it again due to the global pandemic. The number of orders on the platform increased and reached its peak during the pandemic situation. The CEO and Co-founder Mr. Albinder Dhindsa told the PTI he expects the company to hit the capital market by the end of 2021.
The food delivery startup backed with giants like The Ant Financial and Tiger Global, is one of the most awaited IPOs in the year. They saw its revenue almost double in 2020. It raised around $660 million from new investors and the expected IPO will be at a valuation of $3.9 billion.
The online cosmetics retailer plans its IPO at $3 billion valuation according to Bloomberg and also this was confirmed with Falguni Nagar, Founder and CEO of the company. They are looking forward for domestic listing as well as overseas stake sale.
According to news reports, Walmart CEO Doug McMillion recently reiterated the company’s plans to see Flipkart go for an overseas sale – either in Singapore or the US. Flipkart seems to be rejigging its board in preparation for the IPO. The company recently appointed Kalyan Krishnamurthy as CEO on the board with 3 others. It also hived off its high-growth payments unit PhonePe into a separate entity and gave it the rights to appoint its own board of directors. Reports suggest that Walmart has hired Goldman Sachs to underwrite this IPO.
Bhavish Agarwal the Cl-founder and CEO of Ola has confirmed that the company would be eying an IPO in the next two years and 2021 could be it. Bhavish told that he was “absolutely focussed” on taking the company public, and that he would do it in India. The Softbank-backed startup is likely to begin the IPO process by the end of March, some media reports suggest.