IPO Blog

Top 5 Upcoming IPOs in 2020, you should get ready for

1. SBI Cards IPO

With 18 per cent market share, SBI cards acts as the second-largest credit card issuer in India. SBI Cards offers an array of credit cards to individual as well as corporate clients that include lifestyle, rewards, shopping, travel, fuel, banking partnership cards, and corporate cards, etc.

To provide these services, SBI Cards have further partnered with companies like Air India, Bharat Petroleum, IRCTC, OLA, Apollo Hospitals and Etihad Guest etc. You will also notice brands like BigBazar promoting SBI cards when you shop there.

SBI Cards is also backed and promoted by the largest state owned bank in India, SBI.

In a February 2020, Economic Times interview, SBI Chairman Rajnish Kumar stated that “In all likelihood it (SBI Cards IPO) will happen in this quarter”.

2. Bajaj Energy IPO

Incorporated in 1988, Bajaj Energy is one of the biggest private-sector thermal generation companies in Uttar Pradesh, India. It is involved in the activities of development, financing and operation of thermal power plants in India.

BEL Power Plants have been completely operational since 2012 and hold an operational track record of over 6 years. BEL and Lalitpur Power Generation Company Limited (LPGCL) have signed long-term fuel supply agreements (For BEL and LPGCL power plants) with Central Coal Fields, which is a subsidiary of CIL.

Bajaj Energy’s total income for the years ended March 31, 2016, 2017 and 2018, and the 9 months period ended December 31, 2018 and December 31, 2017 was Rs. 14,070.99 million, Rs. 14,058.76 million and Rs. 8,976.25 million, and Rs. 7,220.51 million and Rs. 6,542.46 million, respectively. The net worth of the company in 2018, was Rs. 4,11,75,000 million.

The issue size is Rs. 5,450 crore. The face value of the stock is Rs.10. Initial public offering of Upto 67,34,000 Equity Shares is being offered by Bajaj Energy.

3. Lodha Developers IPO

Lodha Developers Limited is a real estate company based in Mumbai, India. The company develops real estate across the residential and commercial sectors in Mumbai, Pune and London.

From 2017 – 2019 Lodha Developers have successfully delivered a staggering 19,670 homes, of which 15,800 homes were delivered before time. Lodha Developers has over 3,500 associates, that include around 2,000 technically trained people. According to Liases Foras, in 2017, Lodha Developers was the largest real estate developer in India by residential Sales.

The company has offices in India, London, Dubai, Shanghai, USA and Singapore. It was awarded the Golden Brick Award Dubai 2019 for Outstanding Project of the Year (National Category) for Palava.

As of June 30, 2018, the company has:
  • Over 37 ongoing projects
  • 54.77 million square feet develop-able area of completed projects
  • 3,700 direct employees in India
  • Around 30,300 apartments sold at Palava City since launch
  • Rs. 3.5 million to Rs. 590 million range of affordable to high-end luxury residences

4. Burger King IPO

Most of you guys know that Burger King is an American multinational hamburger fast food restaurant chain. The company was founded in 1953 and entered the Indian markets in the year 2014. Burger King has around 18,000 restaurants in over 100 countries.

According to DRHP, as of June 30, 2019, the company has 202 restaurants including seven sub-franchised Burger King Restaurants across 16 states and union territories and 47 cities across India. This makes the company one of the fastest growing international fast food chains in India.

Burger King has two major rivals in India. Jubilant FoodWorks, the operator of the Domino's chains in India and Westlife Development, which operates McDonald's outlets in the southern and western regions of India. Both of them had their IPO in 2010 and 2009, respectively.

The company has proposed to utilize a portion of the net proceeds (Rs.290 crores), towards the expansion of Burger King restaurants in India during Fiscal Year 2020 and 2021.

5. LIC IPO

With the announcement of the new budget, came the news of the LIC IPO. Currently, the government owns 100% stake in LIC. The issue will not sell more than 10% stake in LIC. The LIC IPO will hopefully be held in Financial Year 21.

The government hopes to amass an amount of Rs. 70,000 Crore through LIC IPO. LIC has many subsidiaries that include companies IDBI Bank, which it bought controlling stake in 2019.

Other LIC subsidiaries:
  • LIC Housing Finance
  • LIC Pension Fund Ltd
  • LIC International
  • Around 30,300 apartments sold at Palava City since launch
  • LIC Cards Services
  • LIC Mutual Fund

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