This year, we’ve already seen companies raise Rs.63,160 crore through 43 IPOs. With only three months left in this year, here are six SEBI-approved IPOs that you can consider investing in, based on the company’s profile, future outlook, and other details. As these IPOs have been approved just recently, the dates haven’t been announced yet. Visit SEBI’s website for more information.
1.Pine Labs
Amount to be raised– Rs.2,600 crore with an Offer For Sale (OFS) of up 14.78 crore shares
Fintech major Pine Labs, known for its end-to-end retail payment solutions, is expected to launch its public issue soon, following the approval of its Draft Red Herring Prospectus (DHRP) filed in June this year. The company has just managed to eke out its maiden profit of Rs.44.97 crore in FY25, even as the company faces intense competition from PayTM and PhonePe domestically. Existing institutional shareholders, including Temasek, PayPal, BlackRock and Lone Pine Capital are looking to exit the company, which was last valued at $5 billion. With the almost $1 billion raised, the company is looking to pare debt and invest in expanding its reach domestically and overseas.
2.Hero Motors
Amount to be raised- Rs.1200 crore ( Rs.800 crore fresh issue+ Rs.400 OFS)
Leading domestic two-wheeler company Hero Motors, which also supplies auto components to leading brands like BMW and Ducati, is looking to repay Rs.285 crore of debt, spend Rs.237 crore in expanding its operations at its Gautam Buddha Nagar facility and spend the rest for funding potential acquisitions. The company, led by Pankaj Munjal, from the same family running Hero MotoCorp, aims to create its own niche in the auto component sector.
3.Orkla India
Amount to be raised– An OFS of 2.28 crore equity shares, approx. Rs.4,000 crore
An early mover in the highly fragmented spice market, Orkla India is a household name with its packaged food brands MTR and Eastern. Currently owned by Norwegian company Orkla ASA, the company is facing intense competition from other brands, and this IPO aims to boost the brand’s recall and visibility. Existing shareholders like Navas Meeran, Feroz Meeran and Orkla Asia Pacific are looking to monetize their holdings.
4. Manipal Payment
Amount to be raised– About Rs.1,200 crore
Manipal Payment and Identity Solutions Ltd (MPISL) aims to raise Rs.1,200 crore to pare its debt, expand its capacity and service new contracts through this IPO. The promoters are looking to sell a part of their stake, yet maintain their majority shareholding, while raising fresh funds here. The company is known as India’s top producer of payment and identity cards, and it requires the funds to invest in advanced technology and move away from depending on a few institutional clients.
5. Emmvee Photovoltaic Power
Amount to be raised-Rs.3,000 (Rs.2,143 crore fresh issue + Rs.856 crore OFS)
Emmvee Photovoltaic Power aims to raise Rs.3,000 crore to repay or prepay its debt, besides using some of the proceeds for general corporate purposes. The Bengaluru-based solar photovoltaic (PV) module and cell manufacturer is India’s leading producer of high-efficiency TopCon bifacial solar modules. It has a strong order book worth 5.26 GW as of May 31, and the company aims to capitalise on the government’s Aatmanirbhar Bharat initiative, along with a growing commitment towards renewable energy.
6. Canara Robeco AMC
Amount to be raised- 4.98 crore shares via OFS, amount to be decided at launch.
One of India’s oldest Asset Management Companies (AMCs), this IPO is a pure OFS one aimed by the promoters, Canara Bank and ORIX Corporation Europe (earlier known as Robeco Group) NV, to sell 2.59 crore and 2.39 crore equity shares, respectively, in the company. The entire proceeds will go to the selling shareholders who are looking to realise a part of their investments in the company.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
