THIS IS MACKENNA'S GOLD!

about 4 years ago

Two goods news today (yes, that’s become a rare thing nowadays) – firstly was that Reliance Industries, as promised has become debt free and kudos to Ambani for raising such huge money in 58 days, bang in the middle of the pandemic when the entire world is fighting for survival.

The second news came later in the afternoon – the LIC IPO; looks like it will happen sooner than later. The Govt has today invited bids to appoint two pre-IPO transaction advisors for the proposed IPO.  The news is that LIC plans to take 8 to10% stake and it is expected that this will be the biggest IPO that India has ever seen, hoping to raise Rs.80,000 to 90,000 crore.

This is probably one of the most awaited IPOs in India; of course after Reliance Jio but LIC is likely to happen before Jio.

So, today we have news of two likely IPOs in the future, both are the crème de la crème when it comes to quality. And that made us think, which are the other such companies which can go public and get investors piqued and improve the depth of the Indian stock markets.

We have been intermittently compiling this list of “unlisted” stocks which we would like to see listed. Of this, IRCTC , HAL, now talks of LIC, Vodafone are some which did get listed from that wish list.

With the weekend on us, we thought it would be better to look at these unlisted gems and imagine them getting listed rather than look at the corona or China news and get once anxious and frustrated.

here is a small list of companies which are the best amongst the best and it would be indeed be great to own some of these stocks in the portfolio. Maybe one day, some of these might get listed at an unaffordable price but till then…

PATANJALI AYURVED LTD

Yes, this is Baba Ramdev’s company, the famous yoga guru of India. But his promise is that his company will give HUL a run for its money! And looking at the way in which it is growing, maybe it could just do that! Today it is bigger than Jyothi Labs and even Emami and it hopes to end FY20 with an eyepopping Rs.25,000 crore. Don’t be surprised if in a few years from now, it does get listed, not only here in India but on NYSE too!

GUJARAT CO-OPERATIVE MILK MARKETING FEDERATION

This sounds like some boring company but it is the owner of the brand Amul – now changes the entire perspective. One of the best brands of India, Amul is a success story which is told, retold and retold. Its milk, yoghurt, cheese, butter, paneer, flavoured milk drinks, ice creams and many more products are a part of our day-to-day life today. At a time when values of life stand eroded, this is one brand which is highly respected and instill faith. Its turnover in FY20 was at Rs.38,550 and in current fiscal, despite the Covid hopes to see a 15% growth in the topline.

PARLE PRODUCTS

Parle-G or your Glucose biscuit has been the savior for the migrants walking back home and for all of us, nothing else gives you the emotional connect than this ubiquitous biscuit packet. The simple biscuit which is the perfect dip with your cup of tea,  earns more revenue for the company than the combined turnover of McDonalds, Dominoes, Pizaa Hut in India. That is the strength of this company. Its other brands – Krackjack, Monaco, Hide-n-Seek, Melody, Poppins are equally popular. Set up in 1929, the company is today an over US$1.5 billion company.

BENNETT COLEMAN & COMPANY

This is the company which owns the brand of Times of India, Economic Times, Times Now, ET Now, Femina, Maharashtra Times, Navbharat Times. It is the largest media company of India, it is closely held and owned by the Jain family. It employs over 11,000 people and revenue exceeding US$2.5 billion.

TATA SONS

It is the trust company of the Tata group, owner of Tata brand name and trade mark. It holds stake in the over the 100+ listed and unlisted Tata companies. Its financials are one of the best kept secrets of India and its balance sheet is said to run into scores of pages. Its EPS is said to be higher than any company listed on the BSE.

AIRPORTS AUTHORITY OF INDIA

Popularly recognized as AAI, this PSU is the largest airport operator in the country. It is valued at anywhere between Rs.80,000 crore to Rs.1 lakh crore. AAI has 120 airports under its control of which around 85 are operational.

These are just some of the names but there are many other names in the wish list, Indian as well as subsidiaries of foreign companies:

SERUM INSTITUTE OF INDIA

JOHNSON & JOHNSON

CATERPILLAR INDIA SECURITY PRINTING & MINTING CORP OF INDIA

YASHRAJ FILMS

IBM

TAFE MOTORS & TRACTORS

TRACTORS AND FARM EQUIPMENTS

USV PHARMA

GUJARAT URJA VIKAS NIGAM

TOYOTA KIRLOSKAR MOTOR

SONY INDIA

COGNIZANT TECHNOLOGIES

CARGILL INDIA

STAR INDIA

MAHANADI COALFIELDS

NUMALIGARH REFINERY

MOTHER DAIRY

ROSY BLUE INDIA

PEPSICO INDIA

SHAPOORJI PALLONJI & CO

HIRANANDANI GROUP

NUCLEAR POWER INDIA

RASHTRIYA ISPAT NIGAM

Well, the list is endless.. you are free to add more to this wish list.