Six companies from various sectors including NTPC Green Energy, Acme Solar, Mobikwik, Sagility India, Zinka Logistics, and Niva Bupa are gearing up for their respective initial public offerings (IPOs) next month, according to a Mint report.
All the companies have gotten clearance from the market regulator Securities and Exchange Board of India (Sebi), with NTPC Green alone still waiting for final observation, the report read.
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What are the details of the six companies whose IPOs scheduled to come next month?
NTPC Green Energy
NTPC Green Energy Ltd is currently India’s largest public sector renewable energy company with a 14,696 MW portfolio and another 10,975 MW capacity in development across solar and wind energy projects.
Acme Solar Holdings
Acme Solar Holdings Ltd is another renewable energy producer focusing solely on solar power projects. It manages its own engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) functions, while generating revenue by selling electricity to state and central entities.
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Niva Bupa Health Insurance
Niva Bupa Health Insurance Company Ltd is a health insurer with a 16.24% share in the standalone health insurance (SAHI) market and a Gross Direct Premium of ₹5,499 crore in the financial year 2023-24.
It focuses a lot on end-to-end digital services from onboarding to claims and will become the second SAHI firm in India to file for an IPO after Star Health.
One Mobikwik Systems
One Mobikwik Systems Ltd is a payment platform founded by Bipin Preet Singh and Upasana Taku, providing services like Kwik QR, EDC Machines, and Merchant Cash Advance.
Zaakpay, its subsidiary has a B2B payment gateway service for e-commerce firms, with RBI’s approval for its Payment Aggregator (PA) license.
Sagility India
Sagility India Ltd, established in 2021 in Bengaluru, provides services like claims management, clinical services, and revenue cycle management for healthcare providers.
Zinka Logistics
Zinka Logistics through its BlackBuck app offers truck operators with tools for payment management, telematics, and vehicle financing services. It has facilitated 4,035 loans worth ₹196.79 crore by March 2024.
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