Sat Sep 21 15:51:07 UTC 2024: ## IPO Mania: Retail Investors Seek “Shareholder” Category Allotment after Bajaj Housing Finance Success

**Mumbai, India:** The recent successful IPO of Bajaj Housing Finance has ignited a renewed interest among retail investors, particularly in IPOs offering a “shareholder” category. The IPO, which saw a massive oversubscription of 67.43 times, resulted in many retail investors missing out on allotment.

This has led to a growing focus on upcoming IPOs that include a “shareholder” category, where existing shareholders of the parent company are given preferential allotment. This category offers an increased chance of receiving allotment as investors can apply under both the retail and shareholder categories.

For instance, in Bajaj Housing Finance’s IPO, the shareholder category received 18.54 times subscription compared to 7.41 times in the retail category, indicating strong demand from existing shareholders of Bajaj Finance and Bajaj Finserv.

Here are some upcoming IPOs with anticipated “shareholder” categories:

* **NTPC Green Energy:** The subsidiary of NTPC Limited is planning a ₹10,000 crore IPO with a reserved quota for existing shareholders of NTPC, up to 10% of the issue.
* **HDB Financial Services:** The non-banking subsidiary of HDFC Bank has approved an IPO with ₹2,500 crore of fresh equity issuance and an offer for sale (OFS) by existing shareholders.
* **HDFC Credila Financial Services:** India’s leading educational loan financier is preparing for an IPO in 2025, having engaged five investment banks as advisors.
* **Ather Energy:** The electric two-wheeler company is planning an IPO with ₹3,100 crore of fresh share issuance.
* **Hero FinCorp:** The financial services arm of Hero MotoCorp has filed IPO papers with SEBI, aiming to raise ₹3,688 crore.
* **SJVN Green Energy:** The renewable energy arm of listed PSU SJVN is expected to file draft papers with SEBI soon.
* **Bharat Coking Coal:** Coal India is reportedly considering listing its subsidiary, which produces coking coal, a key ingredient for the steel industry.
* **Central Mine Planning and Design Institute (CMPDI):** Coal India’s mining consultancy arm is also expected to be listed, having received approval from the Department of Investment and Public Asset Management and the Ministry of Coal.
* **Aashirwad Microfinance:** The subsidiary of listed NBFC Manappuram Finance has received SEBI approval for an IPO with a fresh equity issuance of up to ₹1,500 crore.
* **Kenra Robeco Asset Management Company (AMC):** Kenra Bank’s AMC is expected to launch its IPO in the fourth quarter of the current fiscal year.
* **Bellstar Microfinance:** Muthoot Finance’s microfinance subsidiary has received SEBI approval for an IPO with ₹1,000 crore of fresh issuance and an offer for sale (OFS) of ₹300 crore.

The growing focus on IPOs with “shareholder” categories highlights the increasing appetite of retail investors for such offerings. This trend is likely to continue as more companies explore the public market, offering lucrative opportunities for retail investors seeking higher returns.

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