Markets to witness robust IPO line up in H2 of 2021

While the government’s proposed privatisation drive has been hit by the Covid’s second wave, a strong initial public offerings (IPOs) pipeline of privately owned companies is building up for the second half of calendar year 2021.

Several new names have filed draft red herring prospectus and some of them have already received market regulator Sebi’s approval.

In the last few days some new names have filed DRHP like Go Airlines, Penna Cement Industries, Nuvoco Vistas Corp (Nirma Group’s Cement Company), Supriya Lifescience, Krsnaa Diagnostics, Aptus Value Housing Finance,

In the last few days some new names have filed DRHP like Go Airlines, Penna Cement Industries, Nuvoco Vistas Corp, Supriya Lifescience, Krsnaa Diagnostics, Aptus Value Housing

Finance, Devyani International and Windlas Biotech.

Devyani International and Windlas Biotech.

Zomato, Aditya Birla Sun Life AMC, Glenmark Life Sciences, Shriram Properties have also filed DRHP last month for their respective initial public offerings.

Sona BLW Precision Forgings’ proposed Rs 6,000 crore IPO received Sebi nod last week. Another IPO by Shyam Metalics and Energy worth `1,100 awaited after

Sebi approval.

In the first half of 2021 so far 19 IPOs have successfully listed on the bourses and only four of them are trading below their public issue price.

Among these,three government owned companies listed were Indian Railway Finance corporation, Powergrid Infrastructure Investment Trust and RailTel Corporation Of India.

Meanwhile, the much awaited IPO of Life Insurance Corporation of India is getting pushed back as the health crisis has also hit the bureaucracy badly with many key officials infected by the coronavirus, slowing decisions on privatisations, among other proposed reforms, said a report. crore is

getting