Big IPOs are in the Lineup on Dalal Street

IPO Initial Public Offerings

The dalal street is waiting for the big ipos like HDB Financial, Nazara Technologies, CSK, TMB and Reliance Retail. As per Economic Times these companies are unlisted but the companies are trading on higher rates as per grey market. Few of these companies already filed the DRHP with SEBI and they might hit the primary market in near terms. Checkout the list of upcoming ipos in India with big bank.

Studds Accessories: Share Price ₹700 (Unlisted)

The company is a manufacturer of two-wheeler accessories. They filed DRHP with SEBI for IPO. The accessories include helmets, jackets, gloves, glasses and more. The company has over 25% market share. The PAT is 40 crore in 2018-19, 32 crore in 2017-18 while it was 24 crore in 2016-17.

HDB Financial: Share Price ₹1050 (Unlisted)

The company is NBFC company and provide financial services backed by HDFC group. They filed DRHP with SEBI for IPO. They cater to retail and commercial customers. They already have AAA Rating from CRISIL and CARE. The PAT is 1150 crore in 2018-19, 952 crore in 2017-18 while it was 699 crore in 2016-17.

Reliance Retail: Share Price ₹600 (Unlisted)

As we all know Reliance Retail will be the big ipo to hit and the company is backed by Mukesh Ambani Reliance Group. They filed DRHP with SEBI for IPO. The company operates Reliance Fresh, Reliance Digital, Reliance Market Stores, and Jio Stores. The PAT is 3400 crore in 2018-19, 1246 crore in 2017-18 while it was 400 crore in 2016-17.

Nazara Technologies: Share Price ₹650 (Unlisted)

The company is a one of the leading mobile game company based in Mumbai. The games which are trending on Google PlayStore are World Cricket Championship, Chhota Bheem Race and Motu Patlu Game which developed by the company. They filed DRHP with SEBI for IPO. The PAT is 1 crore in 2017-18 while it was 61 crore in 2016-17.

Tamilnad Mercantile Bank: Share Price ₹370 (Unlisted)

The bank has over 500 branches in 12 regions based in Tamil Nadu. The PAT is 222 crore in 2017-18, 317 crore in 2016-17 while it was 402 crore in 2015-16.

Chennai Super Kings: Share Price ₹30 (Unlisted)

We all know CSK which is a IPO Franchise. After issues sorted out the stock was trading around 30 level in 2019. As per the rumors it might list in primary market in coming years. The PAT is 111 crore in 2018-19 while it was -51 crore in 2017-18.

Courtesy: EconomicTimes

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