The IPO market is heating up with more than 30 companies planning their issues worth over 200 billion. Some of the big names that have submitted their proposals include IndiGo, GVK Airport, Matrix Cellular, and Café Coffee Day.

Among these,20 companies have received approval from the Securities and Exchange Board of India (SEBI) to launch their Initial Public Offerings (IPOs). Draft papers of the 5 firms are under review and are expected to be cleared soon.

IndiGo

The largest budget airline in the country is planning to raise approximately 400 million dollars primarily for expansion. This IPO puts the global value of the parent, InterGlobe Aviation, at roughly 4 billion dollars and is likely to become the second-largest initial public offering after the Bharti Infratel listing in December 2012. The lead managers for this issue are Kotak Mahindra, JP Morgan, Barclays, Citigroup, UBS and Morgan Stanley.

Café Coffee Day

The largest coffee chain in India has filed the prospectus for raising roughly Rs 11.50 billion to reduce its debt obligations and expand the retail network. According to the latest IPO news, the operator of this retail chain plans to raise funds for repaying debt amounting to Rs 6.32 billion and the remaining will be used for manufacturing vending machines, opening new outlets, and setting up roasting facilities.

Matrix Cellular

This Delhi-based cellular operator offers international telecom services to Indians who travel abroad. The company is planning to raise Rs 5 billion through its initial public offering, its second attempt to tap the stock market in the last two years. In 2013, Matrix Cellular had failed to raise Rs 6 billion because of its inability to find an appropriate buyer. The company plans to divest roughly 40% of the equity through this initial public offering.

GVK Airport

GVK operates the Mumbai and Bangalore airports. The company plans to raise Rs 35 billion through an IPO to be utilized towards reducing the leverage of the company. This issue will be executed through the listing of its airport arm with Citibank and JM Financial working as the lead managers.

During the first 6 months of this year, 19 companies have filed their prospectus for approval. In the same period, 20 companies (some pending from 2014) received approvals. Among the forthcoming IPOs in the second half of 2015, the above 4 are causing great interest among the market watchers.

(Contributed by IIFL)