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Retail IPOs in India

January 23, 2007


11 Indian retailers are gearing up to hit the primary market to raise an estimated Rs 2,000 crore in 2007. According to a list obtained from SEBI, we understand the following companies have IPO plans in 2007.

Vishal Retail, Ebony Retail, Great Wholesale Club, Hidesign, Hotspot, Koutons, Landmark, Maheshwari Mega Ventures, Multiple Zones, Radhakrishna Foodland and Talwalkars.

In 2006, there were no significant IPOs from the RETAIL sector barring Gitanjali Gems and Kewal Kiran Clothing which raised capital in the first half of the year. In 2005 we had witnessed a series of IPOs from the retail sector, with Shoppers Stop, Provogue, Piramyd Retail, Bombay Rayon Fashions and Celebrity Fashions raising money from the market.

Most of these firms are either family-promoted or venture capital / private equity funded and in the second and third stages of their growth. Most of them do not focus on the quarterly performance and lack accountability on capital. People with good performance will succeed and other will get struck.

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