Some companies awaiting IPO
approval for 2018-19:
■ NATIONAL STOCK EXCHANGE OF INDIA LTD: `10000.00
■ SREI EQUIPMENT FINANCE LTD: `2000.00
■ VISHWARAJ SUGAR INDUSTRIES LTD: `374.00
■ ROUTE MOBILE LTD: `600.00
■ CREDIT ACCESS GRAMEEN LTD: `90.00
■ NAZARA TECHNOLOGIES LTD: `1000.00
■ CAPRICORN FOOD PRODUCTS INDIA LTD: `500.00
■ INDOSTAR CAPITAL FINANCE LTD: `700.00
■ FLEMINGO TRAVEL RETAIL LTD: `2423.00 .
■ JOHN ENERGY LTD: `300.00
■ SEMBCORP ENERGY INDIA LTD: `4095.00
■ SANDHYA MARINES LTD: `600.00
■ TCNS CLOTHING CO.LTD: `750.00
■ DEVI SEA FOODS LTD: `900.00
■ NEKKANTI SEA FOODS LTD: `750.00
■ HDFC ASSET MANAGEMENT CO.LTD: `4000.00
■ K.P.R.AGROCHEM LTD: `210.00
■ ATRIA CONVERGENCE TECHNOLOGIES PVT.LTD: `1500.00
All the amount is in Rs Crore and the source for it is PRIME database.
Haldea, QIPs were dominated by
banks, with their contribution
being 53 per cent (`33,248 crore)
of the overall amount.Out of 45
IPOs that were raised in the
market, 17 had a prior PE/VC
investment. Offers for sale (OFS)
by such PE/VC investors
accounted for 13 per cent of the
total IPO amount and stood at
`10,831 crore, while offers for
sale by promoters accounted for
a further 64 per cent of the IPO
amount at `52,340 crore.
According to Haldea, 17 out of
45 IPOs got a mega-response of
more than ten times while eight
IPOs were oversubscribed by
more than three times. While 14
IPOs were oversubscribed
between one and three times,
data for six IPOs was not yet
available.
Haldea also highlighted that
FY 2017-18 witnessed an all-time
high for SME IPOs and
divestments as well. According
to him, there were 155 SME
IPOs with the highest ever
amount collected (`2247 crore),
while the divestments target was
overachieved as the Government
raised `98,965 crore in FY 2017-
18. Apart from this, offers for
sale through stock exchanges,
which is for dilution of
promoters’ holdings, saw an
increase from `8,390 crore last
year to `18,438 crore raised in
this year.
Outlook for 2018-19, according
to Haldea, is likely to see more
volatility in the secondary
market, and this is expected to
have an impact on companies’
fundraising plans. While there
are 12 companies holding SEBI
approval and wanting to raise
over `10,395 crore, another 18
await SEBI approval for raising
around `29,282 crore.
By Suyash Desai
Air travel may cost
more if crude oil
prices rise
Air travellers may have to pay more
for their travel as airlines grapple
with higher ATF prices. With prices
of crude oil firming up, an ATF
price rise is inevitable. A 20 per
cent rise in crude oil prices from
the current $65-70 per barrel could
bring down operating margins to
4-6 per cent. Airlines may have
to pass on the increased fuel cost
to consumers, which could affect
demand, according to a report by
CARE Ratings.
The report says that the combined
passenger traffic is expected to
double in the next five years with
a growth rate of 14-15 per cent
annually. It adds that the ratio of
domestic vis-à-vis international
passengers is expected to narrow
further as airlines offer tickets priced
at par with train tickets between
select destinations. Two new major
airports at Navi Mumbai (Mumbai
region) and Noida (NCR) are
expected to add sizeable capacity.
Domestic traffic growth is
expected to emanate from the
smaller and UDAN cities which
were untapped and unserved till
now, says the report. Addition of up
to 100 million passenger capacity is
expected at UDAN scheme airports
over the next 3-5 years.
With the expected rise in capacity,
airlines expect to add 500-600
aircraft over the next 5-7 years to
meet the increased demand.
www.outlookmoney.com May 2018 Outlook Money
19