IPO: Five IPOs will give a big chance to earn in January

To take advantage of the momentum in the stock market, many companies are going to bring their initial public offering (IPO) in early January. Companies that are going for IPOs this month include state-owned Rail Tail and Klein Jewelers. Market experts say that in 2020, many companies have given investors the opportunity to earn strongly from IPOs. This trend is expected to continue this year as well.

There are investment opportunities in these five institutions in January

1. Railtel Limited

The IPO of Miniratna government company Railtel Limited will come this month. The capital market regulator SEBI has allowed Railtel to launch an IPO. Following the bumper listing of the railway subsidiary IRCTC, these railway companies are also expected to start a niche. The company plans to raise Rs 70,000 crore from the market through an IPO. The company has one of the largest telecommunication infrastructure facilities in the country. The company has a huge optical fiber network along the railway tracks.

Welfare Jewelers

Kalyan Jewelers India Limited has received approval from market regulator CBI to raise about Rs 1,750 crore through an IPO. According to the red herring prospectus (DRHP) filed by the company, the new share issue is planned to raise Rs 1,000 crore through IPO through share issue and Rs 5,050 crore through existing share sale offer (OFS). TS Kalyanaraman, the promoter of Kalyan Jewelers, will sell shares worth Rs 250 crore, while Hydel Investment Limited will sell shares worth up to Rs 500 crore through OFS. Kalyan Jewelers sells gold and other jewelry products.

3. Indian Railway Finance Corporation

Indian Railway Finance Corporation (IFC) is expected to come up with an IPO worth Rs 4,600 crore this month. This will be the first public sector non-banking finance company (NBFC) IPO. The IPO will have 178.20 crore shares, of which 116.60 crore new shares will be issued, and the government will propose a sale of Tk 59.40 crore.

4. Brookfield Right IPO

The IPO of Brookfield Wright, a Brookfield asset management firm, is expected to come this month. The company has made Morgan Stanley, Citigroup and Bank of America IPO chief banker. This IPO will give a new direction to the real estate sector as it will be the first company to bring an IPO for writ. However, the plan to raise money from this IPO has not been revealed yet.

5. ESF small money

ESAF plans to raise Rs 1,000 crore from micro finance bank IPO. According to Crisil, ELF Microfinance Bank is active in 16 states and one union territory in the country. It has a network of 403 branches and 37 short branches, with 37.33 lakh subscribers. Another company, Home First Finance, an IPO worth Rs 1,500 crore, is expected to be launched this month. Home First is active in the affordable housing department. The company has grown at an annual rate of 50 percent over the past four years.

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