Updated on 1 Mar 2017
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5 IPOs queue up to hit the market this year
The primary market for equities in India seems to be making a comeback. After the blockbuster listing of BSE in January, five large initial public offers (IPOs) are set to hit the market in March and April.
Experts say it is mainly due to a broad based rally in the market since the beginning of January that has revived investors’ appetite for IPOs. The Rs 1,200-crore IPO of BSE, which was oversubscribed 50 times was listed at around 40 per cent to its issue price. There is a belief that some of the other companies in the pipeline too may see a stellar debut.
IPOs those are likely to hit the market:
D-Mart - Avenue Supermart
It is a Mumbai-based retail or supermarket chain. This is one of the most profitable retail chain in India. The issue price is expected to be between Rs 290 and Rs 300 a share. Expected date of the issue is March 8 2017 and closure date is March 10, 2017. Grey market price is between Rs 175 and Rs 178.
CDSL is the subsidiary of BSE that provides security depository services in India. Services of the company include dematerialisation, processing delivery and receipt instructions, account statement, re-materialisation, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants. The issue size is Rs 400 crore. The issue price is expected to be between Rs 115 and Rs 135. Expected date of the issue is March 15, 2017 and closure date is March 17.
Continental Warehousing Corporation
It is a multi-model logistics company owning and operating cargo handling, storage facilities, providing express logistics and third-party logistics services.
The issue size is over Rs 418 crore. Issue price is yet to be known. Expected date of the issue is Rs 22-Mar-2017 and closure date is 24-Mar-217.
The National Stock Exchange of India Limited is the leading stock exchange. NSE was established in 1992 and was the first exchange in the country to provide a modern, fully automated screen-based electronic trading system which offered easy trading facility to the investors spread across the length and breadth of the country. Expected issue size is Rs 10,000 crore. The issue price is yet to be known as it is in the process of getting final clearances from Sebi.
FM Radio City parent Music Broadcast got Sebi’s approval recently for its IPO. The issue size is Rs 540 crore.The issue price is Rs 370-375. Expected date of the issue is March 6-8.