Go Airlines, Zomato among top 12 IPOs that may hit capital market in near term

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If you are eyeing the primary market for upcoming public offerings, get ready for some excitement. A slew of companies from various sectors including airlines, chemicals and food-delivery platform have filed their preliminary papers with the market regulator Securities and Exchange Board of India (Sebi) to launch their initial public offer. Have a look:

Go Airlines: Budget carrier Go Airlines, which has rebranded itself as ‘Go First’, this week has filed a draft red herring prospectus for an initial share sale worth Rs 3,600 crore. The Wadia group-promoted carrier has been operating for 15 years and the proceeds from the initial public offer (IPO) will be primarily utilised for repayment of debt.

Fincare Small Finance Bank: Digital lender Fincare Small Finance Bank last week filed preliminary papers with Sebi capital to raise Rs 1,330 crore through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity share of the bank worth Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Fincare Business Services.

Chemplast Sanmar: The company has also filed DRHP to raise Rs 3,500 crore through an IPO. The public offer comprises a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore, according to the draft red herring prospectus (DRHP).

Zomato: Ant Group-backed online food ordering platform Zomato has filed papers Sebi to raise Rs 8,250 crore through an initial share-sale at a time when the demand for its services is growing due to Covid-19 pandemic-related restrictions.

Medi Assist Healthcare Services: The initial public offer (IPO) is entirely an offer of sale of up to 28,028,168 equity shares of Medi Assist by promoters and existing shareholders.

Aditya Birla Sun Life AMC: Aditya Birla Sun Life AMC has filed preliminary papers to garner Rs 1,500-2,000 crore through an initial share sale. The IPO is entirely an offer for sale, wherein two promoters–Aditya Birla Capital and Sun Life (India) AMC Investments–will divest their stake in the asset management firm.

GR Infraprojects: The company aims to Rs 800-1,000 crore through an initial share sale. The issue will be a complete Offer for Sale (OFS) of 1,15,08,704 equity shares by promoter and investor selling shareholders.

Jana Small Finance Bank: The IPO will be a fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders.

Others: Rolex Rings, Exxaro Tiles, Shriram Properties, Paras Defence and Space Technologies and Arohan Financial Services are among other players which are considering launching their IPOs.