A List Of Some Of The Biggest IPOs Expected In 2021
The coronavirus pandemic took a lot from us. The financial ecosystem took a toll still some technology-related companies made the most from IPOs. Both tech-based and cloud-based companies that were into remote working did pretty well with IPOs and are expected to take it to the center stage this year.
Last year in 2020, IPO raised around $150 billion, which was the best since the dot-com boom era. A data report generated by Price water house Coopers revealed that companies raised money via 183 traditional IPOs and more than 240 SPACs in the last year. With some motivating numbers in 2020, the year 2021 is expected to be phenomenal for IPOs as investor money pours back and the Indian economy regains its lost footing.
Stock market listings are also going to get back to the phase where they belong the best. Industry-defining startups like Delhivery, Facebook, Nykaa, PolicyBazaar, and Grofers are expected to seek into the stock market listings too. On the other hand, waiting in the wings are various renowned names like Barbecue Nation, Kalyan Jewellers, PNB Metlife Insurance, JSW Cements, and Indian Railways. Here’s a close look at some of the noticeable IPOs on the cards that are expected to shine in 2021.
Biggest IPOs Expected In 2021
The Life Insurance Corporation of India is also among the most awaited IPOs in 2021 with a 10% stake sale of LIC on the capital markets, it is also the biggest in the country’s history. The Indian government has said that it plans to raise nearly Rs 1 Lakh Crore via IPO.
The IPO was expected in the second half of the last year, but thanks to the pandemic, it had to be postponed. As per various news sources, the IPO is expected to roll out in the first half of 2021. LIC is a global entity and has a substantial presence in more than 14 countries globally including Fiji, Bangladesh, Qatar, and Kuwait.
One of the most preferred online grocery delivery brands in India, Grofers, is all set to go public soon. Grofers had earlier stated that it would go public in 2020. However, it revised its plans and set 2020 as its target, which got postponed due to the pandemic. The company made brilliant profits during the COVID-19 crisis as the number of online orders increased massively courtesy of the lockdown. The CEO and co-founder Albinder Dhindsa is thrilled to take Grofers public by the end of 2021.
The famous food delivery setup Zomato saw its revenues nearly double in the financial year 2020, which makes it one of the most awaited IPOs in 2021. As per the reports generated, it is expected to roll out some time at the beginning of the first half of 2021.
Zomato generated around $660 million in a round that saw participation from almost ten new investors. Apart from these investors, there were Tiger Global and other existing investors as well, at a valuation of $3.9 billion. If everything goes well, the IPO should be rolling out in the first half of 2021.
At the annual flagship event of YourStory, Ola’s co-founder and CEO Bhavish Aggarwal confirmed that he is eyeing an IPO in the next two years, and 2021 could be that year. The CEO was quite clear about his decision and was “absolutely focussed” on taking the company public, and he will be doing this in India.
Ecommerce giant Flipkart is in talks for ab overseas listing either in the US or Singapore. The news came after Walmart CEO Doug McMillion recently restated the company’s plans to see Flipkart opt for an overseas sale.
Flipkart recently appointed CEO Kalyan Krishnamurthy to the board and three others in preparation for the IPO. Flipkart has also hoarded its payment unit PhonePe into a separate entity giving it the rights to appoint its board of directors.
Nykaa is one of the most popular online cosmetic retailers in India. It is planning an IPO at a valuation of $3 billion. When formed in 2018, founder and CEO Falguni Nayar had told PTI that the startup would be listing in the next two years, and this would be a domestic listing. If Nykaa makes it public, it would be a monumental win for the product and its services towards its customers.
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Time to wrap up:
So here is a list of some prominent IPOs names expected to go public in 2021. After surviving 2020 with utmost ease, these names are looking to leap forth in 2021 by going public.