Forthcoming IPO List

In the last fiscal, more than 34 companies launched public offerings. But, only 13 companies launched their IPOs in fiscal 2019. In this year, out of 13, only 10 companies delivered positive returns. According to the reports, more than 15 companies were eagerly waiting for the listing of their IPOs in the next fiscal. Here we provide details of upcoming IPOs in India (2020).

Upcoming IPO	IPO Size (Expect)	Expected Issue Date
CSB Bank IPO	Rs 400cr	November 2019
IREDA	Estimation of  700cr-750cr	Upcoming
Bajaj Energy Limited	Rs 5450cr	Upcoming
Ujjivan SFB	Rs 1,200cr	Feb-March 2020
Shyam Steel	500cr	Upcoming
Mazagon Dock		Upcoming
Montecarlo Limited		Upcoming
EESL	5000cr	In 2020

Catholic Syrian Bank IPO

Kerala based private sector lender Catholic Syrian Bank plans to go public through the initial public offering (IPO). It has filed IPO draft papers with Sebi in August 2019. The Sebi has approved IPO draft papers. According to the draft papers, the CSB  plans to raise fresh capital by issuing the shares worth of Rs 30crore and existing shareholders plan to dilute an offer for sale of 1.98crore share through the IPO. The IPO will expect to hit the market in the next month. The net proceeds of the IPO will utilize for increasing the bank’s tire-1 capital base to meet the capital requirements.

Indian Renewable Energy Department Agency IPO

IREDA has already submitted IPO draft papers with Sebi. It received approval from the market regulator to launch an IPO. As of the draft papers, the IREDA IPO comprises an offer for sale of 13.9 crore equity shares and 6.95 lakh equity shares reserved for the employees. It plans to raise an estimation of Rs 700cr to Rs 750cr through the IPO. IREDA will expect to launch its IPO in the next fiscal.

Bajaj Energy Limited IPO – Upcoming IPOs in India

Bajaj Energy a thermal power generation company under the Baja group is planned to launch an IPO worth of Rs 5,450 crore. The issue comprises a fresh issue of Rs 5,150 crore and an offer sale of Rs 300 crore by Bajaj Power Ventures. It also hired merchant bankers for managing Bajaj Energy IPO. The official of this IPO did not announce the launching date of the issue.

Ujjivan Small Finance Bank

Ujjivan SFB, a subsidiary of Ujjivan Financial Services plans to raise over Rs 1200crore through the public issue. It has managed Pre- IPO placement in February 2019 and raised about Rs 300 crore through this event. As of the reports, the IPO will expect to launch between February and March in 2020.

Energy Efficiency Services Limited IPO

EESL is another company that tries to go public through the IPO. It plans to raise about Rs 5000crore through the public issue. EESL was founded by state-run companies and is worked for the central government’s Ujala scheme. It aims to increase its capital around Rs 25,000crore over the next 3to 4 years. EESL IPO will hit the market in the next fiscal.

Shyam Steels Industries IPO

As far as Kolkata based Shyam Steels wants to expand its branches and make a repayment of certain borrowings of the company by fundraising through the IPO. It plans to launch an IPO worth Rs 500 crore. The IPO comprises a fresh issue of Rs 200 crore and an offer for sale of 66.70 lakh shares. 

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