Indian online travel app Ixigo seeks an IPO in India to raise $200M+. Sources claim that the valuation is around $850M (The Economic Times).
Upcoming IPOs Adani Wilmar (AGS Transact), and Vedant Fashions are the only companies that have released their IPOs. Around 63 companies had announced their IPOs the year before, which is the most since 2010. Together, the companies had raised Rs 1,19882 crore through IPOs.
This is much more than the 2017 record of Rs 75,279 million. Due to rising crude oil prices and geopolitical tensions in Ukraine and fears about higher inflation, the markets have become volatile. Many companies have decided to defer their IPO plans.
Upcoming IPO(s), 2022
We can expect many companies with IPOs to emerge when the market is more stable. Below is a list of companies that are likely to have their IPOs by 2022.
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Upcoming IPOs on the 2022 List
|Name of the Company||IPO Size (Rs. Cr)||Date for the upcoming IPO|
|Vedant Fashions – Manyavar||3,150||8/02/2022|
|Arohan Financial Services||1800||2022|
|Fincare Small Finance Bank||1,330||2022|
|Seven Island Shipping||600||2022|
|Gemini Edibles And Fats||2500||2022|
|Srei Equipment Finance||NA||2022|
|ESAF Small Finance Bank||998||2022|
|Shri Bajrang Power And Ispat||700||2022|
|Medi Assist Healthcare Services||800||2022|
|Inspira Enterprise India||800||2022|
|Hinduja Leyland Finance||700||2022|
|Emcure Pharmaceuticals||1100 + OFS||2022|
|Vedant Fashion (Manyavar)||3149||Feb 4, 2022|
India’s Upcoming IPO 2022: Short profile of Companies
LIC IPO – SEBI has approved the much-anticipated LIC IPO to raise funds through an initial stock sale. India’s biggest insurer, LIC, filed the Draft Red Herring Prospectus 22 days after it was submitted. The regulator granted approval. The draft prospectus had been filed by the company on February 12. According to media reports the mega IPO has been delayed until the first quarter in FY23 which begins this April.
The government planned to sell a 5% share in the insurer to raise approximately Rs 63,000 crores through 31.6 million equity shares. The company’s market value is estimated to be Rs 15 lakh crores. It could become the largest publicly traded insurance company in terms of market value. The company plans to reserve 10% of the IPO issue value for its policyholders.
Adani Wilmar IPO – Adani Wilmar is a prominent name in the edible oils industry. One of its most popular products is Fortune Oil’s cooking oil. It is one of the largest FMCG companies with a range of products. Adani Wilmar Limited IPO opened to subscription on 27th January. It was subscribed 17.37 percent. For more information about Adani Wilmar Limited IPO click here.
AGS Transact Technologies IPO – AGS Transact Technologies Ltd IPO was opened for subscription on January 19. 7.79 percent of the Rs 680 million IPO was subscribed. They are India’s largest integrated omnichannel payments solutions provider. They offer digital and cash-based payment solutions to corporate clients as well as banks.
Vedant Fashion IPO – Vedant Fashions Limited Ltd IPO opened on February 4. The public issue will allow the company to raise as much as Rs 3149.19 cr. The issue received only a paltry response. It was subscribed just 2.57 times on the third day. Vedant Fashions serves the Indian market for celebration wear with a wide range of brands. It provides a one-stop solution with a variety of products to suit every occasion. Manyavar is its most well-known brand.
Ixigo Initial Public Offering – Le Travenues Technology Ltd. is a travel platform operator that plans to raise Rs 1,600 million through an initial public issue. Existing shareholders will have the opportunity to purchase equity shares at Rs 850 million. There will also be a fresh issuance worth Rs 750crore. The platform is not only a travel platform; it also offers travel utility products and technology, including train PNR status and confirmations forecasts, train seat availability notifications, train running state notifications, and delay forecasts.
Go Airlines IPO – GoAir is an ultra-low-cost carrier (ULCC). It is India’s fastest-growing airline with a 10.8% increase in domestic market share in fiscal 2020 from 8.8% in fiscal 2018. The carrier has 56 aircraft in its fleet and, as of January 31, 2019, it had a network that covered 28 domestic and nine international destinations. The airline will make new issuances of equity shares, which could amount to as much as Rs 3,600 crores.
PharmEasy IPO – The company offers a variety of services including teleconsultation and radiology testing, as well as home delivery for medical products. It plans to raise Rs 6.250 crore in equity shares.
Ola IPO – Ola is a cab-hailing platform that was launched by Bhavish Aggarwal in 2010. It follows the footsteps of Uber in the global marketplaces. Ola has raised over $4 billion in the capital since 2010. The proposed IPO is expected to be valued at $8-9 billion. The IPO is expected to be in the region of Rs 15000 crore.
BYJU IPO- is related to education. Here, students can receive free online education. The app is intended for students from classes 4-12. The app also includes information regarding competitive exams like JEE and NEET as well as IAS. Byju’s IPO will likely bring in around Rs 4500 crore.
Penna Cement IPO – This is India’s largest privately-owned cement company. It also has the highest cement production capacity. It operates four integrated manufacturing units and two grinding facilities in Telangana, Andhra Pradesh, and Maharashtra, with an aggregate capacity of 10 mmtpa. The company expects to raise around Rs 1,550 crore from its public offering. It also includes fresh issue equity shares, totaling Rs 1,300 crore, and a sale of Rs 250 crore.
Arohan Financial Services IPO – One of the top NBFCs-MFIs in India. It has operations in India’s low-income, unpenetrated regions. Arohan Financial Services also offers insurance products and credit. Credit offers income-generating loans as well as other forms of financial aid. They also offer life and health insurance products. It expects to raise between Rs 1750 crore and Rs 1800 crore. The company’s IPO will include a new issue worth Rs 850 crores. The remaining shares will be available for sale.
MobiKwik IPO – MobiKwik is a leading Buy Now Pay Later and mobile wallet provider. The digital payment company targets increasing credit requirements and will be able to cater to them. The platform provides peer-to-peer payments via UPI, MobiKwik wallet, and MobiKwikWallet. This platform also allows for bank payments. MobiKwik will issue a total of Rs 1900 crore. This includes a fresh issue of shares up to Rs 1500 million and a sale offers worth Rs 400 million.
Delhivery IPO- Delhivery is India’s fastest growing fully integrated logistics company for FY21. It offers full logistics services such as express parcel delivery, heavy goods deliveries, PTL (partial-truckload) freight, and truckload (truckload) cargo. It will issue fresh shares to raise Rs 5,000 crore and will also have an offer-for-sale (OFS) component worth Rs 2,460 crore.
Fincare Small Finance Bank IPO: It is a digital-first Small Finance Bank (SFB) that focuses on under-banked or unbanked customers in rural and semi-urban regions. They are focused on financial inclusion and provide affordable financial products that meet customer needs. They have a Rs 1300 Crore IPO, which includes a fresh issue of equity shares totaling up to Rs330 crore and an offer to sell up to Rs 1,000 crore.
Paradeep Phosphates IPO – Paradeep Phosphates is a leader in manufacturing and trading complex fertilizers like Di-ammonium Phosphate. Its fertilizer, along with its other products, is sold under brand names such as ‘Jai Kisaan Navratna & Navratna. It is looking to raise Rs 1,255 crore of fresh capital.
Sterlite Power IPO – It is one of the largest private-sector providers and developers of power transmission infrastructure. Global Infrastructure and Solutions are two of the business units that make up the company’s integrated power transmission infrastructure. They also provide solution services. New equity shares will be issued in IPO. The total amount of these shares could reach Rs 1,250 crore.
Seven Island Shipping IPO – This is a seaborne logistics business that was founded in 2002. The company trades crude oil, petrochemical lubricants, and other commodities. The company’s top priorities include efficient transportation and maintaining a clean environment. The company will issue a public issue to raise funds of Rs 600 Crore. The initial public offering will include a new issue for Rs 400 crores and an offer for sale of Rs 200 crore.
Bajaj Energy IPO – is one of the largest private-sector companies for thermal generation in Uttar Pradesh. It is responsible for the development, financing, and operation of thermal power plants in India. The total installed capacity is 2,430MW. This includes 450 MW of five operating plants with 90 MW each. The company is seeking to raise Rs 55450 crores. The new offer includes a fresh issue in the amount of Rs 5,150 crore and an offer for the sale of shares upto Rs 300 crore.
Gemini Edibles And Fats IPO – It’s associated with the edible oils business. They are also one of the most prominent integrated palm oil plantation businesses in the world. Their primary activities include the cultivation and maintenance of oil palm plantations in Indonesia. Through an offer to sell, the company plans to raise Rs 22500 crore.
SREI Equipment Finance (IPO) is a Kolkata-based business and is part of SREI Infrastructure Finance Limited. The company provides loans to buy equipment used in construction, Irrigation and Water Supply, and Civil Aviation. It also offers IT infrastructure and healthcare development financing. It intends to raise Rs 2100 crore through an IPO. New issue equity shares of Rs 1100 Crores and Rs 900 Crore will be available for sale in the IPO.
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ESAF Small Finance Bank IPO – ESAF Small Finance Bank IPO – is India’s largest small finance bank in terms of client base, the yield of advances, net interest margin, and asset under management CAGR. Total deposits, loan portfolio concentrations in rural and suburban areas, as well as the ratio of microloan advance to gross advances. Its IPO will include a fresh issue worth Rs 800 crore of shares and an OFS worth Rs 200 crore of shares.
Chemspec Chemicals IPO – is a world leader in the production of key additives for FMCG ingredients. These are used in hair care products and skincare products. It also produces intermediates to pharmaceutical APIs, which are used to make antihypertensive medicines. Through Offer for Sale (OFS), the company plans to raise Rs 700 Crore.
Shri Bajrang Power And Ispat IPO – India’s most important iron and steel firm. It is the country’s largest integrated steel company and one of the 10 biggest in terms of iron ore pellets production. It will be launching with an IPO of Rs 700 crore.
SAMHI Hotels IPO: The company owns 27 hotels across India and has 4048 keys (June 2019,). They have hotels in major urban centers like Delhi, Bengaluru (Bengaluru), Hyderabad, Pune, Chennai, and Pune. SEBI approved the company to issue an IPO with a size of between Rs 1800 crores and Rs 2000 million. It will be a new issue of Rs 1,100 million and an offer for sales (OFS) to 1,91,456,624 equity shares.
Medi Assist Healthcare Services IPO: It is a technology-driven business that plays a key role in the insurance industry. It is India’s largest health benefits administrator, in terms of revenue and premium service for insurance policies. This includes the financial years 2018, 2019 and 2020. It will be launching an IPO with a capital of Rs 800 crore.
Inspira Enterprise India IPO – This is a top-ranked digital transformation company with a strong focus on cybersecurity. They offer digital transformation and cybersecurity services to their clients. They have successfully completed large-scale cybersecurity transformation projects, digital transformation infrastructure, and other projects. There will be a fresh issue of equity shares of Rs 300 crore, and an offer for sale (OFS), equity shares of Rs 500 crore.
Muthoot Microfin IPO – Muthoot Microfin IPO is a microfinance institution focused on micro-loans for women customers in rural India. They plan to issue an IPO of Rs 800 crore.
Fusion Microfinance IPO – This company offers small-ticket loans for borrowers in rural and semiurban areas. The majority of its operations are with the unbanked. The new issue will comprise a fresh issue worth Rs 600 crore as well as an offer for 2,1966,841 equity share sales.
Hinduja Leyland Finance, IPO- is a multibillion-dollar vehicle finance institution in India. The company focuses on urban and semiurban markets. It provides retail financing through a variety of vehicle financing products and housing finance products. Through its IPO, it is expected to raise about Rs 700 crores. It includes a fresh share issue in the amount of Rs 500 crores, as well as an offer by Everstone Capital.
VLCC Healthcare IPO – VLCC branded health and beauty clinics are operated by the company. The institutes also offer training in nutrition and beauty. It also manufactures VLCC-branded personal products and sells them. The IPO includes a fresh issuance of equity shares of Rs 300 crore and an open-for-sale offer (OFS) for.
Studd Accessories IPO – Studd Accessories IPO is the largest two-wheeler helmet manufacturer in the world. The company is represented in more than 40 countries, including India. They are the sole Indian laboratory to have received certification from the European Safety Agency and Safety. This is to ensure that they use the best technology. It will issue new shares of Rs.98 crores, and promoters or shareholders would be eligible for an OFS of 39.39 lakh shares.
Boat IPO- Boat, India’s largest direct-to-consumer audio-focused electronics brand, has filed with SEBI a draft red herring prospectus in preparation for an IPO at Rs 2,000 crore. New Delhi-based Company is expected to ask for a valuation in excess of $1.5-2Billion in the IPO this year.
Bain Capital-backed Emcure Pharmaceuticals IPO – Emcure Pharmaceuticals is involved in the development, manufacturing, and global marketing of a wide variety of pharmaceutical products across a number of major therapeutic areas. According to the draft red shering prospectus (DRHP), the initial public offerings (IPO) include fresh issuance of equity stock shares of Rs 1,100 crore and an offer for sale (OFS of 18,168,356 equity share by existing shareholders and promoters.
Were we going to witness another record-breaking year by 2022?
With 63 companies raising 1.20 million crores, 2021 was the year of IPOs.
|Year||No. No.||Amount Raised in (Rs cr).|
A record-breaking year is predicted for India’s IPO market in 2022, given the immense IPO pipeline. It would be interesting for us to see which IPOs are successful in the first half. We’ll soon have detailed reviews for each of these IPOs. Keep watching!