The IPO (initial public offering) season seemed to have gathered pace in March after the muted listing of the recently launched issue of HG Infra Engineering as five public offers are lined up in next 9 days which are set to raise over Rs 10,500 crore. Today only, the IPO of Hyderabad-based defence PSU Bharat Dynamics opened for subscription in order to raise Rs 961 crore. Among the last leg of IPOs in the financial year 2017-2018, two big issues have gathered investors’ eye including the biggest banking IPO of Kolkata-based financial services entity turned private sector Bandhan Bank and one of the last IPO of state-run defence and aerospace company Hindustan Aeronautics Ltd among government’s disinvestment program for FY18.
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Along with Bandhan Bank and Hindustan Aeronautics, the state-owned missile and weapon manufacturer Bharat Dynamics had launched its public offer today, 13 March 2018. Apart from these big public issues, two private sector companies are also scheduled with their respective shares sales, namely, Sandhar Technologies and Karda Construction. Collectively, these five companies are expected to raise about Rs 10,506.44 crore with Hindustan Aeronautics being the biggest and Karda Constructions the smallest public issues among the five.
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–We take a look at key details about the five IPOs in next 9 days–
| Company | Issue size (Rs crore) | Price band (Rs) | Market lot | Issue open | No. of shares |
| Bharat Dynamics | 960.94 | 413-428 | 35 | 13-15 March | 22,451,953 |
| Bandhan Bank | 4473.02 | 370-375 | 45 | 15-19 March | 119,280,494 |
| Hindustan Aeronautics | 4482.60 | 1215-1240 | 12 | 16-20 March | 36,150,000 |
| Karda Constructions | 77.40 | 175-180 | 80 | 16-21 March | 4,300,000 |
| Sandhar Technologies | 512.48 | 327-332 | 45 | 19-21 March | 15,436,145 |
The financial year 2017-2018 has been touted as the year of public offers with companies successfully managing to garner the expected amount from some of the biggest IPOs of India. In the current fiscal, Indian capital markets saw some of the biggest public offers such as GIC Re’s Rs 11,370 crore issue, HDFC Standard Life’ Rs 8,700 crore public offer, The New India Assurance Rs 9,600 crore share sale, SBI Life’s Rs 8,400 crore public offer and ICICI Lombard General Insurance Rs 5,700 crore issue. Jointly, these five insurers raised a sum of Rs 43,700 crore from the initial public offers.