Upcoming IPOs by NBFCs Set to Shake Up Financial Markets

Bajaj Housing Finance and three other upper-layer non-banking financial companies (NBFCs) are gearing up to launch initial public offerings (IPOs) to meet RBI's mandatory listing requirements. Notable names include Tata Capital Financial Services, HDB Financial Services, and Aditya Birla Finance. The IPOs aim to unlock shareholder value and attract global interest.

Bajaj Housing Finance and several other upper-layer non-banking financial companies (NBFCs) are set to launch initial public offerings (IPOs) in compliance with the Reserve Bank of India's (RBI) mandatory listing requirements. Among the notable names gearing up for public issues are Tata Capital Financial Services, HDB Financial Services, and Aditya Birla Finance.

According to investment bankers, there is significant market interest in these high-quality businesses, and the IPOs will not only meet regulatory requirements but also provide these companies the opportunity to raise additional capital for growth. Sachin Mehta, Director of Investment Banking at Anand Rathi Advisors, emphasized the dual benefits of satisfying regulations and enabling future fundraising.

Market analysts predict that these listings will attract both domestic and global investors, especially the potential Tata Sons IPO, which could inject over Rs 55,000 crore into the market. However, Tata Sons has applied to the RBI to surrender its registration certificate, aiming to avoid the mandatory listing. All eyes are now on RBI's decision regarding Tata Sons' application.

(With inputs from agencies.)