In the next few days, two famous IPOs of the country are going to be launched. These two companies are the Indian unit of South Korean car company Hyundai and Swiggy, a food and grocery supply company. The IPOs of both these companies have received approval from SEBI.
Apart from this, another company is also ready to run in the IPO race. The name of this company is NTPC Green Energy. This company is a subsidiary of NTPC and is preparing to launch an IPO of ₹ 10,000 crore by November. Let us tell you that the renewable company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on September 18, with plans to raise about ₹ 10,000 crore from the public issue. It is estimated that the IPO will be launched in November.
Hyundai IPO
South Korean automaker Hyundai is planning to raise at least $3 billion (about Rs 25,000 crore) through an initial share sale, while Swiggy’s IPO is valued at more than Rs 10,000 crore. If Hyundai Motor India’s IPO succeeds, it will be India’s largest IPO. Earlier, the largest IPO in the country was Life Insurance Corporation of India’s (LIC) IPO worth Rs 21,000 crore. Let us tell you that the IPO documents were filed in June. According to this, the IPO will be entirely based on the sale offer (OFS) of 14,21,94,700 shares by promoter Hyundai Motor Company.
Swiggy IPO
Swiggy filed documents on April 30 through the confidential pre-filing route. Sources said that after SEBI’s approval under the confidential filing process, Swiggy will submit two updated ‘draft prospectuses’ (documents). One will be related to the regulator’s response and the other will be related to getting public comments in 21 days. Swiggy can launch an IPO after filing the final documents. Swiggy has received shareholders’ approval for the IPO to raise Rs 10,414 crore through new shares and sale offer.
