Investing in IPOs can be a rewarding opportunity for individuals looking to become shareholders and acquire a stake in a company. An IPO, which stands for Initial Public Offering, is when a company decides to become publicly traded by offering its shares to the general public for the first time. It’s a significant milestone for companies as it allows them to raise funds for their growth and expansion.
If you’re interested in investing in IPOs, it’s essential to keep an eye on the upcoming opportunities. Let’s take a look at the IPOs scheduled for August and the months ahead. These IPOs represent exciting chances for investors to capitalize on the early stages of a company’s advancement and potentially benefit from its future success. As always, investing in IPOs involves careful research and analysis to make informed decisions and seize the potential rewards of these market debuts.
1.Vivriti Capital Limited
Established in 2017, Vivriti Capital Limited provides lending solutions tailored for mid-market enterprises nationwide. The firm holds registration with the RBI as a non-deposit-taking systemically important non-banking financial company (NBFC-NDSI).
Vivriti Capital’s range of offerings encompasses term loans, working capital demand loans, collaborative lending with financial partners, receivables securitization, direct assignment of receivables, supply chain finance, and investment in bonds and commercial paper for entities lacking sufficient credit ratings or easy access to banking financing, particularly in urban and semi-urban regions.
The company’s diverse clientele includes mid-corporates spanning healthcare, pharmaceuticals, logistics, retail, trading, steel, automotive, manufacturing, financial services, and fast-moving consumer goods sectors. As of March 31, 2023, the company’s portfolio showcased outstanding loan assets totaling ₹ 450,873.24 lakh, alongside investments in bonds, securitizations, and commercial paper amounting to ₹ 132,706.77 lakh.
As of March 31, 2023, Vivriti reported an Assets Under Management (AUM) of ₹ 583,580.01 lakh, marking an increase from ₹ 381,686.09 lakh reported on March 31, 2022. These figures encompassed 194 mid-corporates and 13.21 lakh borrowers/clients through co-lending arrangements, along with 24 Anchors serving 183 MSME and non-MSME counterparties in the supply chain finance domain.
Vivriti Capital holds a credit rating of A with a stable outlook from ICRA Limited and an A rating with a positive outlook from CARE Ratings, both as of March 31, 2023. The company maintains a presence in several states including Tamil Nadu, Maharashtra, Karnataka, Rajasthan, and Delhi.
| Issue Open | Issue Close | Issue Size – Base (Rs Cr) | Issue Size – Shelf (Rs Cr) | Rating | |
|---|---|---|---|---|---|
| Vivriti Capital Limited | Aug 18, 2023 | Aug 31, 2023 | 250 | ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited |
2. Tata Technologies
Considering investing in IPOs? Tata Technologies Ltd. presents a compelling opportunity in the global engineering and digital services sector. As a subsidiary of Tata Motors Limited, this company boasts a strong presence with over 11,000 employees spanning 27 countries.
Tata Technologies specializes in providing solutions to key industries, including automotive, aerospace, and industrial machinery. Their offerings range from product development and engineering design to manufacturing engineering, digital transformation, and enterprise IT solutions.
By investing in IPOs like Tata Technologies Ltd., you have the chance to become part of an innovative and rapidly growing company in the engineering and digital services arena. Conducting thorough research and analysis can help you make informed decisions as you consider this exciting investment prospect.
| IPO Details | |
| Issue size | 95,708,984 shares |
| Face value | Rs 2 |
| Issue type | Book Built |
| Listing | NSE & BSE |
| IPO Reservation | |
| QIB shares | <50% of the net issue |
| HNI shares | At least 15% of the net issue |
| Retail shares | At least 35% of the net issue |
Objectives
The company plans to leverage the advantages of listing its equity shares on the exchanges to boost the brand’s image and visibility among current and prospective customers.
3. Arohan Financial
Arohan Financial Services Ltd. could be an appealing option. This Kolkata-based microfinance lender focuses on providing essential financial services to low-income households and micro-enterprises. As a subsidiary of Aavishkaar Group, a renowned social impact investment platform, Arohan Financial Services is committed to making a positive difference in the lives of its customers.
With a widespread presence in 17 states and union territories, Arohan serves over 2.1 million active borrowers, showcasing the scale and reach of its operations. As of March 2022, the company’s gross loan portfolio amounted to an impressive Rs. 4,500 crores.
Investing in IPOs like Arohan Financial Services Ltd. offers you the opportunity to support a socially impactful venture while potentially reaping the rewards of its growth and success. However, it’s crucial to conduct thorough research and analysis to make informed decisions when considering this investment avenue.
| IPO Details | |
| Fresh Issue | Rs 850 crores |
| Offer for sale | 2,70,55,893 shares |
| Face value | Rs 10 |
| Listing | NSE & BSE |
| IPO Reservation | |
| QIB shares | Up to 50% of the net issue |
| HNI shares | Up to 15% of the net issue |
| Retail shares | Up to 35% of the net issue |
Objectives
The company intends to use the net proceeds from the fresh issue to augment its capital base, meeting future capital requirements and general corporate purpose.
4. MobiKwik
MobiKwik presents an exciting opportunity. As one of India’s prominent digital payment platforms, MobiKwik offers a range of services, including mobile wallet, buy now pay later (BNPL), payment gateway, insurance, and mutual funds. Its extensive platform boasts an impressive user base of over 108 million registered users, and it caters to the needs of 3.45 million merchants.
MobiKwik operates in a competitive landscape, vying with other leading players like Paytm, PhonePe, Google Pay, and Amazon Pay. As the digital payment sector continues to witness substantial growth and innovation, investing in MobiKwik’s IPO could offer you a chance to be part of a dynamic and evolving market.
As with any investment decision, thorough research and analysis are essential to make informed choices when considering the potential of investing in IPOs like MobiKwik. Keep a close eye on market trends and the company’s performance to assess its growth prospects and seize the right investment moment.
| IPO Details | |
| Fresh Issue | Rs 1500 crores |
| Offer for sale | Rs 400 crores |
| Face value | Rs 2 |
| Issue type | Book building |
| Listing | NSE & BSE |
| IPO Reservation | |
| QIB shares | Up to 75% of the net issue |
| HNI shares | Up to 15% of the net issue |
Objectives
The company intends to use the net proceeds from the fresh issue to repay its outstanding borrowings, meet organic or inorganic growth initiatives, and address corporate objectives.
5. Bajaj Energy
When it comes to investing in IPOs, Bajaj Energy Ltd. presents an intriguing opportunity. As one of the largest private-sector thermal power generation companies in Uttar Pradesh, Bajaj Energy operates five coal-based power plants with an impressive combined capacity of 2,430 MW. The company has established long-term power purchase agreements (PPAs) with Uttar Pradesh Power Corporation Limited (UPPCL), featuring a take-or-pay feature, ensuring a steady revenue stream.
Furthermore, Bajaj Energy has ambitious expansion plans, as it intends to acquire a significant 79.31% stake in Lalitpur Power Generation Company Limited (LPGCL). LPGCL owns and operates a substantial 1,980 MW coal-based power plant in Uttar Pradesh, offering the potential for further growth and diversification.
By investing in IPOs like Bajaj Energy Ltd., you have the opportunity to be part of a prominent player in the thermal power sector, with a solid track record and promising expansion prospects. As always, make sure to conduct thorough research and analysis to make informed investment decisions and take advantage of the potential opportunities in the market.
| IPO Details | |
| Fresh Issue | Rs 5,150 crores |
| Offer for sale | Rs 300 crores |
| Face value | Rs 10 |
| Listing | NSE & BSE |
Objectives
The company intends to use the net proceeds from the fresh issue to purchase the remaining stake in LPGCL from Bajaj Power Ventures and Bajaj Hindusthan Sugar and for general corporate purposes.
6. Ixigo
If you’re considering investing in IPOs, Ixigo offers an exciting prospect. As a prominent online travel aggregator in India, Ixigo provides a comprehensive range of services, including flight bookings, train reservations, bus bookings, hotel accommodations, and cab services. The platform also equips travelers with valuable travel utility tools and information, empowering them to make well-informed decisions.
Founded in 2007 and headquartered in Gurugram, Haryana, Ixigo has established itself as a key player in the Indian travel industry. To further enhance its position in the bus and train segments, Ixigo has recently made strategic acquisitions of two other travel platforms, AbhiBus and ConfirmTkt.
By investing in IPOs like Ixigo, you have the opportunity to be part of the growth story of a leading online travel aggregator with a diverse range of services and a dynamic presence in the Indian market. As always, conducting thorough research and analysis will be crucial in making informed investment decisions and capitalizing on potential opportunities in the travel industry.
| IPO Details | |
| Fresh Issue | Rs 750 crores |
| Offer for sale | Rs 850 crores |
| Face value | Re 1 |
| Listing | NSE & BSE |
Objectives
The company will use the proceeds for organic and inorganic growth strategies and general corporate objectives.
Conclusion
Investing in IPOs presents several advantages; however, exercising caution is essential before making any future choices. Prioritize conducting comprehensive research on the company, its financials, and the prevailing industry trends. Evaluate the potential risks associated with the IPO and take the time to thoroughly read and analyze the prospectus provided by the company. By adopting a cautious and well-informed approach, you can make wise investment decisions and capitalize on the opportunities offered by IPOs.
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