There are going to be some Dhamakas to watch out for this Diwali! It’s not crackers we are speaking of. This festive season, beginning from Navratri will see many popular companies going in for IPOs for the first time.
These include big brands like IndiGo and Cafe Coffee Day who are lining up their public offers this month. With their entry, the IPO market is set for a four-year record performance this year as close to Rs 6,600 crore has already been raised and plans are afoot for garnering another Rs 20,000 crore. Coffee Day Enterprises, which runs Cafe Coffee Day (CCD) chain of restaurants, will hit the capital markets this week on October 14 to garner Rs 1,150 crore.
Very popular , low-cost carrier Indigo’s parent company Interglobe Aviation is slated to hit the IPO market later this month to raise about Rs 2,500 crore.
The companies are tapping primary markets to raise funds to meet their business expansion plans, to support capital expenditure needs. In addition, the firms are launching IPOs, to give institutional investors like private equity funds an opportunity to exit.
Indigo presence at Nagpur –
Indigo has ten departures from Nagpur, the highest by any airline. Nagpur has been a very important sector for Indigo since it has had a presence here ever since its inception in 2006. Indigo had made news in international aviation sector by going in for purchase of 100 new Airbus 320 aircrafts at one go this year. It was one of the biggest ever deals in this sector!
According to sources, Nagpur will remain one of their top 5 centres and their expansion plans will definitely have new flights slated from Nagpur.
More companies coming with IPOs
Apart from CCD and IndiGo, at least 15 firms have got the go-ahead from regulator Sebi to launch their respective IPOs, while another 17 companies are awaiting green signal from the markets regulator.
These 34 companies are together estimated to raise more than Rs 20,000 crore.
So serious investors from Nagpur, watch out for these dhamakedar offers to make your Diwali and new year more sparkling!
– Sunita Mudaliar