Energy and PSU firms are seeking to raise close to $10 billion out of the total $20 billion (Rs 80,000 crore) to be raised from all the public offers that are slated to hit the market this year, according to Domestic Brokerage and Investment Banking Firm Enam Securities.

While energy firms are slated to raise close to $5 billion, public sector companies, including banks, are looking to raise another $5 billion, the data shows. Real estate sector is another major sector expected to remain active in the capital market and these companies could raise about $four billion. Private banks and financial service firms are looking to raise almost $one billion, while companies from remaining sectors are looking at public issue proceeds worth $5 bn.

Anil Ambani Group’s Reliance Power alone is aiming to raise about $three billion through an IPO scheduled for January 15-18 and is being billed as the country’s biggest IPO.

Upcoming IPOs

Other upcoming power sector IPOs include those of state-run companies NHPC, and private firms Essar Power, JSW Energy and Sterlite Energy. In the PSU space, a number of banks have lined up public issues, most of which are follow-on public offers by the likes of Canara Bank, Syndicate Bank, etc. Among real estate companies, EmaarMGF, Gammon Infra and a host of others have lined up their public offers.
“The rally would be dominated by power, real estate and financial services, but would not be concentrated to one or two sectors,” Prime Database’s Prithvi Haldea said.