Upcoming IPOs: Blackstone’s IGI, Concord Enviro, Ventive Hospitality Among Key Players Ready to Enter Indian Markets

The Securities and Exchange Board of India (SEBI) has granted final approvals to several companies for their highly anticipated initial public offerings (IPOs), signaling an active year-end for investors. Major players like Blackstone-backed International Gemological Institute (India) Limited, Ventive Hospitality, and Concord Enviro Systems Limited are among the seven companies gearing up for their public debut.

Other companies receiving the nod include Carraro India Limited, TruAlt Bioenergy Limited, Smartworks Coworking Spaces Limited, and Ecom Express Limited, collectively raising billions to fuel expansion, innovation, and debt repayment.

International Gemological Institute IPO

The Blackstone-owned International Gemological Institute (IGI) aims to raise ₹4,000 crore to solidify its position as the global leader in gem certification. The IPO comprises ₹1,250 crore as fresh equity and ₹2,750 crore under the offer-for-sale (OFS) by promoter BCP Asia II TopCo Pte. Ltd.

IGI plans to use part of the proceeds to acquire IGI Belgium and IGI Netherlands, consolidating its international operations. Axis Capital, Kotak Mahindra Capital, Morgan Stanley India, and SBI Capital Markets are leading the offering.

Concord Enviro Systems IPO

AF Holdings-backed Concord Enviro Systems Limited is targeting a ₹192.3 crore fresh issue and an OFS of 51.94 lakh equity shares. With expertise in water and wastewater treatment, Concord serves industries like pharmaceuticals, chemicals, and textiles. Proceeds will support expansion and corporate initiatives.

Motilal Oswal Investment Advisors and Equirus Capital are managing the issue.

Ventive Hospitality IPO

Luxury asset owner Ventive Hospitality Limited is entering the market with a ₹2,000 crore fresh equity issue. With a portfolio of 11 operational properties in India and the Maldives under top-tier brands like Marriott and Hilton, the funds will expand its footprint in high-end hospitality.

Axis Capital, HSBC Securities, and Kotak Mahindra Capital are among the IPO managers.

Carraro India IPO

Specializing in axles and transmissions, Carraro India Limited plans to raise ₹1,811.65 crore through an OFS. The company serves agricultural and construction equipment manufacturers, with significant contributions from domestic markets.

Axis Capital, BNP Paribas, and Nuvama are the lead managers.

TruAlt Bioenergy IPO

Biofuel leader TruAlt Bioenergy Limited will raise ₹750 crore through a fresh issue and OFS, utilizing funds to scale ethanol production and establish multi-feed stock capabilities.

DAM Capital and SBI Capital Markets are overseeing the IPO process.

Smartworks Coworking Spaces IPO

Managed office space provider Smartworks Coworking Spaces Limited plans a ₹550 crore IPO, offering a mix of fresh equity and OFS. Proceeds will be allocated for expansion, loan repayments, and general corporate purposes.

JM Financial and Kotak Mahindra Capital are managing the issue.

Ecom Express IPO

Warburg Pincus-backed Ecom Express Limited, a logistics giant, plans to raise ₹2,600 crore, with ₹1,284.5 crore as fresh equity. Known for its extensive delivery network, the company aims to enhance capabilities in reverse logistics and warehousing.

Axis Capital, IIFL Securities, and UBS Securities are spearheading the IPO.

Investor Outlook

These IPOs, spanning diverse industries from gem certification and coworking spaces to bioenergy and logistics, showcase India’s robust market activity. With an influx of global investors and strategic expansions, the year-end promises lucrative opportunities for stakeholders.

Disclaimer: Investors are advised to consult certified financial advisors before making investment decisions.