To benefit from strong secondary market momentum, these IPOs could hit Dalal Street by November

Asia's Tech News Daily

#IPO - News, #Market Edge, #Nifty, #Sensex

The strong momentum in the secondary market, with the benchmark indices trading at record highs, is proving to be a game-changer for the primary market as the rush of initial public offerings seems to be unending.

Companies including Nykaa, MobiKwik, Fino Payments Bank, Policybazaar, Skanray Technologies, SJS Enterprises and Paytm are expected to open their share sales by November to take advantage of the momentum in the stock markets.

So far, corporate results for the second quarter have largely been in line with estimates or better than expected, driving the benchmark indices to record levels. The earnings come on the back of improving economic growth prospects, decreasing number of Covid-19 cases and the vaccination drive that’s set to touch the 1 billion mark in doses administered.

The Nifty 50 surpassed the 18,500 mark on October 18 and the BSE Sensex came close to 62,000, rising more than 51 percent so far in 2021. The broader markets also surged and the Bank Nifty hit a fresh high.

“The second half of October is likely to be busy for IPOs as a number of them are expected to go live and there is another Rs 20,000 crore of IPOs expected in November,” said Mohit Nigam, head of portfolio management services at Hem Securities.

He said 2021 would then end up being the best year for IPOs, bettering the previous record of 2017. More than Rs 1 lakh crore of IPOs may hit the market by March 2022. Upcoming IPOs in October with their estimated IPO size are Nykaa (Rs 4,000 crore), MobiKwik (Rs 1,900 crore) and Ixigo (Rs 1,600 crore).

Nykaa, MobiKwik, Fino Payments Bank, Skanray Technologies, SJS Enterprises and Adani Wilmar are among the companies that have received approval from the regulator to go ahead with their IPO. Policybazaar and Paytm are expected to get approvals soon.

“For H2FY22 the pipeline for IPOs is even more robust with more than 20 IPOs lined up to raise more than Rs 1,10,000 crore. These obviously include the mega Rs 16,600 crore IPO of Paytm and the Rs 75,000 crore Life Insurance Corporation of India IPO,” said Nigam.

Companies that closed their public issues in the first half of FY22 include Zomato, Devyani International, Paras Defence and Space Technologies and Barbeque Nation. Shares worth about Rs 60,000 crore were sold in 26 IPOs during the first half of this financial year.

According to Ajay Kejriwal, president at Choice Broking, the pipeline of IPOs in the second half is pretty strong.

“Prominent companies that are planning to raise money are Mobikwik, Paytm, Nykaa and Fino Payment Bank. Also the IPO of LIC is scheduled in the last quarter of the current fiscal. Thus, considering the line-up, we are confident that the amount raised in H2 will be far better than H1 and FY22 will be considered as one of the best years for IPO, “ he said.

Abhijit Bhave, CEO at Fisdom Private Wealth, said factors like the current bullish environment, data about a significant number of unlisted companies achieving unicorn status, a large number of new investors attracted to equity during the Covid-19 era and the ability to obtain premium listings would see the IPO market continue to rise uninterrupted.

Here’s a list of IPOs that could be launched by November:

Fino Payments Bank

Fintech firm Fino Payments Bank’s Rs 1,300-crore IPO comprises a fresh issue of Rs 300 crore and an offer for sale of over 15.6 million shares by promoter Fino Paytech. The IPO received approval on October 1.


The Securities and Exchange Board of India approved the Rs 4,000-crore IPO of FSN E-Commerce Ventures (Nykaa) on October 14. The share sale by the online beauty retail startup, which was founded by former investment banker Falguni Nayar, comprises a fresh issue of Rs 525 crore and an offer for sale of 43.1 million shares by shareholders including Sanjay Nayar, TPG, Lighthouse and Sunil Munjal.


Online payment and lending firm One Mobikwik Systems received approval from Sebi to launch its Rs 1,900 crore IPO on October 8. The offer consists of a fresh issue of Rs 1,500 crore and a secondary share sale of Rs 400 crore by existing investors.

SJS Enterprises

The Rs 800 crore IPO from SJS Enterprises, an aesthetics solutions provider, will be a complete secondary share sale by Evergraph Holdings (Rs 688 crore) and founder KA Joseph (Rs 112 crore).

Skanray Technologies

The medical equipment maker received the nod from Sebi for its IPO, which will comprise a fresh issue of Rs 400 crore and an offer for sale of 14.1 million shares by the promoters and existing shareholders.


PolicyBazaar parent firm PB Fintech is yet to receive approval from Sebi to ahead with its IPO. The planned Rs 6,017.5 crore offer will comprise a fresh issue of Rs 3,750 crore and an offer for sale of Rs 2,267.5 crore.


One97 Communications, the parent company of fintech platform Paytm, is yet to get approval from the securities market watchdog. Its proposed Rs 16,600 crore public offering will comprise a fresh issue and an offer for sale of Rs 8,300 crore each. This would be the largest public issue since Coal India raised Rs 15,000 crore in October 2010.

Disclaimer: The views and investment tips expressed by investment experts on are their own and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


China fines Caifutong, Tencent's WeChat Pay operator, for breaking foreign exchange rules

China has fined Tenpay, an online-payment unit of Tencent Holdings, 2.8 million yuan (US$438,000) for violating foreign exchange rules amid growing regulatory scrutiny of the nation’s fintech industry. The unit ... Read more »

FPIs net buyers in November; invest Rs 5,319 crore

Representative image Foreign portfolio investors (FPI) have pumped in a net sum of Rs 5,319 crore in Indian capital markets despite a massive correction seen in equities over the last ... Read more »

US Black Friday shoppers tapered online splurge, as some returned to stores

RALEIGH (REUTERS) – US shoppers spent slightly less online during Black Friday this year, with many venturing back to physical stores despite coronavirus fears, tight supplies, and retailers’ efforts to ... Read more »

Increasing borrowing standard seems logical, but only makes housing crisis worse

You know it by now: house prices are going through the roof. As a result, young people and first-time buyers on the housing market can hardly afford to buy a ... Read more »

India leading the world in field of start-ups: PM Modi

PM Modi Asserting that this is an era of start-ups, Prime Minister Narendra Modi on Sunday said India is leading the world in this field with more than 70 start-ups ... Read more »

Macro data, new COVID variant updates to drive stock markets this week: Analysts

Stock markets this week will be driven mostly by updates related to the new coronavirus variant that sent equities tumbling globally on Friday, macroeconomic data announcements and auto sales numbers, ... Read more »

MVA govt turned crisis into opportunity: CM Thackeray on completing two years in office

Maharashtra Chief Minister Uddhav Thackeray. | File image Maharashtra Chief Minister Uddhav Thackeray on Sunday said most part of his government’s two-year tenure was spent on COVID-19 management and that ... Read more »

438 infra projects show cost overrun of Rs 4.34 lakh crore

Representative image As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.34 lakh crore, according to ... Read more »

Govt panel seeks additional data from SII, says Covovax not yet been approved in country of origin

Source: AP An expert panel of India’s Central Drug Authority, which recently reviewed Serum Institute’s application seeking emergency authorisation of COVID-19 vaccine Covovax, has sought additional data from the firm, ... Read more »

Credit cards, personal loans lead debt types among Thais: poll

Credit cards are one of the leading types of debt for Thai people, and debt levels have increased since the start of the Covid-19 pandemic. (Photo: Varuth Hirunyatheb) Credit cards ... Read more »

Amazon India head summoned by ED over alleged Future Group deal irregularities

The Enforcement Directorate is the agency that investigates offenses related to money laundering. (Representative image) The Enforcement Directorate (ED) has summoned Amazon India head, Amit Agarwal, next week over alleged ... Read more »

China's ‘dual-credit' policy that spurred the EV sector will be revised in bid to ensure high quality growth

China’s decision to revise a “dual-credit” policy on carbon emissions that helped electric vehicle (EV) makers boost production is likely to hurt the industry leaders in a trade-off for long-term ... Read more »

Capitalism rethink: innovation needn't come at the expense of worker protection

The Covid-19 pandemic has highlighted major weaknesses in both the US and European capitalism models. In the United States, the crisis has shown the limits of an economic system that ... Read more »

Carmichael link: MSCI to drop Adani Ports from four climate indices

Gautam Adani | Representative image The MSCI Climate Change Index will drop Adani Ports and Special Economic Zone (APSEZ). This comes as the project had been termed ‘severe’. MSCI will ... Read more »

Covid news, GDP nos & two IPOs among key factors to drive market this week

NEW DELHI: Two IPOs, auto sales numbers, PMI readings, quarterly GDP data, core sector data, the kick start of the winter session of parliament, and above all, the unfolding of ... Read more »

COVID-19: Compulsory PCR tests for UK arrivals are 'huge blow' to travel industry

It is hoped the measures will buy scientists time to learn more about the Omicron variant, but there are fears it will also affect the recovery of an industry hard hit by the pandemic. Read more »

China reportedly takes over Uganda's airport on account of loan default

In what is yet another move to acquire foreign assets on account of default of loans China allegedly has taken over the Ugandan Entebbe International Airport and other assets in ... Read more »

Cryptocurrency Prices Today on November 28: PNT biggest gainer while market remains in red

Most cryptocurrencies are mostly red on November 28. The global cryptocurrency market capitalisation is currently $2.44 trillion, down 1.22 percent in the past 24 hours. Siacoin (SC), the highest gainer on November 27, ... Read more »

Petrol, diesel prices on November 28: Fuel rates remain unchanged for 24 days in row

In Delhi, the petrol price remained unchanged and retailed at Rs 103.97 a litre. (Representative image) Petrol and diesel prices remained unchanged for the 24th consecutive day on November 28 ... Read more »

Cryptocurrency Prices Today on November 27: Bitcoin, LRC, CHR down; Siacoin rises high

Cryptocurrency (Representative image) Most cryptocurrencies are mostly red on November 27. The global cryptocurrency market capitalisation is currently $2.47 trillion, down 6.97 percent in the past 24 hours. Major coins like Loopring ... Read more »

Daily Voice | Don't expect massive listing gains in Star Health IPO, says Gaurav Garg of CapitalVia Global Research

Gaurav garg Gaurav Garg, Head of Research, CapitalVia Global Research is expecting further selling in the market led by FIIs due to rising dollar, and globally new variant of COVID-19 ... Read more »

Sir Ian Taylor - Nine questions for the Prime Minister about Covid tests in NZ

OPINION: I have to declare a potential conflict of interest. I voted for the current Government on the basis that I believed the Prime Minister when she said this would ... Read more »

First wahine Māori to head Pharmac advisory board

By Will Trafford of Maori Television The first wahine Māori will take over as chairwoman of Pharmac’s Advisory Committee, the group that recommends which pharmaceutical drugs should be funded by ... Read more »

Black Friday price hikes and fake sales on the rise, says PriceSpy

Black Friday has become one of the biggest sales days around the world but new research shows some discounts may be dud deals. Pricing and comparison service PriceSpy says nearly ... Read more »

Black Friday shopping in stores drops 28 percent from pre-pandemic levels

Shoppers shifted to buying online and started earlier in the year, according to preliminary data from Sensormatic Solutions. Read more »

Nike and G-Dragon collaborate on taekwondo-inspired sneakers

Nike is again collaborating with K-pop icon and rapper G-Dragon for a Taekwondo sneaker called Nike Kwondo1 to be released under the artist's streetwear line PEACEMINUSONE. The all-white shoe carries ... Read more »

Bayern Munich asked to end Qatar Airways $22.5 million per year sponsorship deal on human rights grounds

Bayern’s sponsorship deal with Qatar Airways is worth around $22.5 million annually, with the five-year term set to expire in 2023. Bundesliga champions Bayern Munich's recent annual general meeting saw ... Read more »

POSCO building hydrogen supply infrastructure in Pohang

According to the agreement, the POSCO group will establish a large diameter piping system to enable a massive hydrogen supply while keeping hydrogen prices competitive. POSCO would set up infrastructure ... Read more »

Watchdog assures clothing from recycled plastic bottles is safe

The consumer watchdog asked authorities to include recycled material garments among clothes subject to environment labeling certification, The Korea Consumer Agency concluded that clothes made with recycled plastic bottles generally ... Read more »

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021.Jon Cherry ... Read more »

'Religious vandalism': Tripura CM asks DGP to review UAPA cases against social media users

Tripura Chief Minister Biplab Deb (Image: Twitter/@BjpBiplab) Tripura Chief Minister Biplab Kumar Deb on Saturday asked Director General of Police VS Yadav to “review” the cases against the 102 social ... Read more »

Tight regulations await top NBFCs looking for entry into banking

The Reserve Bank of India (RBI) on November 26 accepted 21 out of 33 recommendations of an internal working group on the ownership guidelines and corporate structure of private sector ... Read more »

Blockchain start-up Kingspin Technology Services starts operations in India

Representative image Kingspin Technology Services, a Keralite-driven UAE based blockchain start-up on Saturday launched its services in India with an aim to spread its wings in Kerala with Kochi as ... Read more »

‘Supermarkets massively sell bottles of soft drinks without a deposit', investigation inspection

Supermarkets sell bottles of soft drinks without a deposit, while they are legally obliged to ask for a deposit. It concerns a hundred liquor bottles, often of their own private ... Read more »

'I use it for life': Mike Tyson joins the list of celebrities launching a cannabis line

In this handout image Mike Tyson attends the Hublot x WBC “Night of Champions” Gala at the Encore Hotel on May 03, 2019 in Las Vegas, Nevada.Omar Vega | HUBLOT ... Read more »

Top 10 best read on DFT: energy and houses

The prediction by a leading energy expert that the oil price will fall next year attracted most readers. There was also a lot of reader interest for a tasty interview ... Read more »

COVID-19 update | Maharashtra minister asks Thane authorities to be prepared to tackle new variant scare

Image: Twitter Maharashtra Urban Development Minister Eknath Shinde on Saturday asked Thane district authorities and local civic officials to keep hospital facilities ready and ensure strict adherence among people to ... Read more »

Tata Steel focuses on increasing iron ore production to 45 mtpa in 5 years

File image Tata Steel will focus on augmenting iron ore production from 30 million tonne per annum to 45 mtpa in the next five years, a company official said on ... Read more »

Black Friday popular, Dutch bought for record

Payment service iDEAL recorded an “absolute” daily record on Friday, of 5.39 million payments, which accounted for approximately €430 million in turnover. About 70% more was bought online via iDEAL ... Read more »

Black Friday extremely popular, the Dutch bought for record

Payment service iDEAL recorded an “absolute” daily record on Friday, of 5.39 million payments, which accounted for approximately €430 million in turnover. About 70% more was bought online via iDEAL ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic