new Delhi. At the end of the year 2020, the market’s fast money investors are now ready to earn from the IPO market in 2021. This year, more than two dozen companies have applied to SEBI for IPOs. Starting the year with the largest IPO, the Indian Railway Finance Corporation (IRFC) is coming with an IPO of 4600 crores. For the first time, the IPO of a non-banking financial company (NBFC) is coming. The IPO will be open for investment from January 18 to January 20. The price band has been fixed at Rs 25-26 per share.
There will be one lot of 575 shares
IRFC will hold 178.20 crore shares in its IPO. There will be a lot of 575 shares for the IPO. Investors can invest in IPOs for a minimum of one lot to a maximum of 13 lots. In this IPO, 50% of the issue is for qualified institutional buyers, 15% for non-institutional buyers and 35% for retail investors. It has queued over 30 IPOs for the year. Their total value is estimated to be more than Rs 30,000 crore.
These 6 in a row in January!
Apart from IRFC, IPOs of Indigo Paints, Home First Finance Company, Brookfield REIT and RailTel may come in January.
All eyes on LIC
If the government goes ahead with its intention, the IPO of Life Insurance Corporation of India (LIC) in 2021 is also expected to hit the market. It is estimated to be the largest IPO of the country so far which can break all previous records. The market valuation of LIC is estimated at thousands of billion rupees.