These big companies are planning for an IPO; keep an eye out for them!

About $198 billion worth of IPO and follow-on sales have been recorded so far this year, which is a 70 per cent drop from last year. It is the lowest first-half haul since 2005.

Due to the risk of rising inflation, increasing central bank interest rates, and the global recession, many investors are not willing to take a chance of investing in the market.  

About $198 billion worth of IPO and follow-on sales have been recorded so far this year, which is a 70 per cent drop from last year. It is the lowest first-half haul since 2005.   

PhonePe  

PhonePe is a subsidiary of Flipkart, controlled by Walmart Group. It is considering fundraising via IPO in 2023. The company is expecting a valuation of 8-10 billion (Rs 71 thousand crores)approx. Tiger Global, Walmart, and Tencent are some of the major investors in the company.  

Bharat FIH  

Xiaomi and Nokia phone manufacturer in India, Bharat FIH, has received a green signal from SEBI to raise Rs 5,000 crore through an IPO. The company also has plans to expand into electric vehicles, television, and hearables.   

Allied Blenders   

The company has applied for an IPO of Rs 2,000 crore with SEBI. It is the third-largest India-owned foreign liquor company. The company’s revenue from operations stood at Rs 6,378 crore for FY21.   

NSDL   

At a valuation of between Rs 16,000 and Rs 17,000 crore, the business is expected to raise Rs 4,500 crore from the main market. As of May 31, 2022, the business had 2.76 billion investor accounts with a custody value of Rs 297.55 lakh crore.   

Mamaearth   

The skincare startup company Mamaearth is targeting a valuation of around $3 billion (Rs 23700 thousand crores)approx, which is 10-12 forward earrings based on the sales growth & future revenue potential. It plans to file draft regulatory papers by the end of this year, sources said. The company was last valued at 1.2 billion (Rs 9457 thousand crores)approx in January 2021. Through this IPO, the company hopes to raise $300 million (Rs 2369 thousand crores)approx.