IPO market sees sector debuts

The spate of initial public offerings (IPOs) of equity that have hit the market or are ready to do so over the next one year will see some virgin sectors marking their debut on the bourses.

After the IPOs of Wonderla Holidays and SyngeneInternational, both from first-time sectors, Coffee Day Enterprises, Matrix Telecommunications and Prabhat Dairy are expected to soon launch theirs'. These first-time sectors belong to the consumer goods, telecommunications and information technology (IT) infrastructure spaces  Stock Market Tip
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“Since the consumption story is what is expected to drive the economic growth, the consumer sector is where we are seeing traction at this point in time. B2C (business-to-consumer) business model having scalability and decent operating margins & ratios could evince interest from the investors,” said Gaurav Saravgi, senior VP-ECM, Centrum Capital  Stock Market Tips   

One of the most anticipated IPOs in the consumer space is that of Coffee Day Enterprises, parent company of the Cafe Coffee Day (CCD), the retail cafe chain. Started in 1996, CCD has a little over 1,600 outlets in India and abroad. Private equity (PE) entities KKR, Stanchart PE and New Silk Route are its institutional investors. It also reportedly sold stake to individual investors like Infosys co-founder Nandan Nilekani and ace investors Rakesh Jhunjhunwaalaand Radhakishan Damani Commodity Trading Tips