These three IPOs could be the game-changers in 2019/2020

This year to date, eighteen Indian firms have raised approximately
Rs 20,000 crore via Initial Public Offerings (IPO), lower than 2018’s 41 IPOs
that raised about Rs 76,200 crore.

But the year is not yet over for listing companies as Prince Pipes and Fittings’ Rs 500 crore IPO is set to open today
and will run until Dec. 20.

And as the year comes to an end, there’s a lot more to look
forward to in late 2019 and 2020. So if you didn’t have much luck with IPOs
this year, you might want to get ready for the below listings.

SBI Cards

In its new issue, SBI Cards will be offering 13,05,26,798 equity shares for sale in exchange for Rs 500 crore.
The company’s fund managers will be State Bank of India and CA Rover Holdings,
an affiliate of US-based Carlyle Asia Partners IV.

Of the total shares, SBI will be releasing up to 3,72,93,371
and CA Rover up to 9,32,33,427 equity shares through its next year’s
issue.

At the moment, SBI Cards is owned by two shareholders with the
largest, State Bank of India holding a 74% stake while Carlyle
holds the other 26%.

While the IPO is yet to be publicised, sources indicate that the firm
will be looking to raise Rs 8,000-9,500 crore through the
IPO.

Prince Pipes and Fittings

Prince Pipes and Fittings will be making its issue between today through
to Friday. The IPO will be a new issue seeking to raise Rs 250 crore plus an additional
similar amount through an offer-for-sale.

The manufacturer of pipes has priced its IPO shares at Rs 177-178 for each share, and it hopes to raise a total of Rs 500
crore (maximum).

The underwriters of the IPO will be JM Financial and
Edelweiss Financial Services, and the listing will take place on the NSE and BSE.

Prince Pipes and Fittings is a renowned manufacturer of pipes and fittings
with operations across India.

Equitas Small Finance Bank

Equitas will be floating a new issue seeking to raise Rs 550 crore
in exchange for 8,000,000 equity shares in the company.

Equitas Holdings, the promoter of the IPO will include a
reservation of up to Rs 100 crore for EHL subscribers and another
Rs 5 crore reservation for qualified Equitas employees.

The proceeds of the issue, according to the company, will be
channelled towards boosting its capital base.

The details of the IPO remain scanty but sources indicate that the
company will list on BSE and NSE.