Burger King, Barbeque Nation and Bajaj Energy ready for listing; these are the Top upcoming IPO’s in 2020

Adapting the new Normal and with some relaxation of the Lockdown many companies are gearing up for the listing on stock market and some of them are all set for the new beginning of Indian stock market as SEBI has approved the IPO. Here is the list of top upcoming IPOs to watch out for in remaining 2nd half of 2020.

Burger King: Fast Food Giant Burger King is ready for Listing. Company will issue fresh equity shares worth of Rs 400 crore and offer for sale of up to 6 crore shares the Price band is not fixed yet. At present burger king has 202 outlets across 47 Cities of India and with the help of the IPO Burger King will expands its presence and aims for 250 Outlets in India. Raised capital will be used as loan repayment and new product development along with franchise expansion. With Strong customer proposition and vertically managed supply chain, Burger King IPO is a must to watch out for.

Barbeque Nation: Pioneer in the concept of live on the table grills in India Barbeque Nation is all set for the initial public offering. After 2 years of struggle SEBI finally approves the IPO. Company plans to raise total Rs 1200 crore which includes fresh issue of shares worth Rs 275 crore and pre IPO placement of up to 150 crore. Ace Investor Rakesh Jhunjhunwala also holds 2.05 percent stacks in Barbeque Nation. Company runs total 138 outlets in india and 7 outlets in Middle east Asia in which Dubai has 5 outlet and 1 in Oman and another in Malaysia. The promotors holds 60 percent stacks and CX partners holds almost 34 percent stacks. With high promotors pledge This IPO is most awaited one.

Bajaj Energy: one of the iconic brands of India Bajaj is now coming up with its Subsidiary IPO of Bajaj Energy. Company plans to offer 67,34,000 Equity Shares of face value of Rs10 each.Bajaj energy aims to raise Rs 5450 crores out of a fresh issue worth of Rs 5150 crores and Rs 300 crore as Offer for sale (OFS). Brokerage firms are betting high on this IPO and gathering the capital to invest in.Major reason is the brand trust, All the other subsidiaries of Bajaj is listed handsomely on the stock market and giving high returns over the period of 5 years.

Whether all this IPO will perform or not that time will say but you can try your luck in any of these IPO as major breakage firms are expecting good returns from above all three IPOs. Apart from these 3 there are total 73 IPOs going to hit market before March 2021. Which include much talked about IPO of UTI AMC,Lodha Developers,Sanco Gold,Aakash education services,NSE,Emami cement,RIL Gen Insurance to the name of few. If the IPOs over flooded then not all will see success as the capital gets diversified.

Recently Rosari Biotech listed on capital market and become the most successful IPO of 2020. Stock received 74 percent premium listing over its issue price and subscribed 79 times on the last day of its bidding.

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