Money Maker Research & Investment Advisor: Top upcoming IPOs of 2018: NSE, IRTC, ICICI Securities and more

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Monday, 1 January 2018

Top upcoming IPOs of 2018: NSE, IRTC, ICICI Securities and more

Stock market, IPO, Stock tips, top stocks, Top advisory, Money Maker Research, stock in focus
More than 150 initial public offers (IPO) hit the Indian stock market in 2017, raising USD 11.6 billion, however, for the New Year-2018 a few top upcoming IPOs, among others,  st to hit the market which include:
NSE: National Stock Exchange, the country's biggest exchange filed DRHP with Sebi in Dec 2016 and is set to enter the market this year. However, the approval for the Rs. 10,000 crore offer has been pending with SEBI, on account of co-location through which the exchange is alleged to offer preferential entrée to some broker.
IRCTC:  Indian Railway Catering & Tourism Corporation (IRCTC) will go public this year after resolving its issues relating to service charges.
ICICI Securities: ICICI Securities intends  Rs. 3000 - 4000 crore IPO issue which comprises sale of 20 per cent  stake by ICICI Bank which equals to 64,428,280 equity shares with a reservation of 32.21 lakh equity shares for individual & HUF shareholders of the bank.
Hindustan Aeronautics: Hindustan Aeronautics Limited (HAL) got SEBI nod for IPO in October 2017. Through the stake sale, the company aims to sell 36.2 million shares and garner a total of Rs. 2000 to Rs. 2500 crore.
HDFC AMC:  HDFC Asset Management Company has received the approval for stake sale via IPO offering. The company has listed its insurance arm in 2017.

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