Amidst the COVD-19 pandemic, 2021 has been the best year for IPOs in the last two decades. The industry is now anticipating a similar IPO fever in the new year. Moreover, there are multiple IPOs already geared up to hit the markets in 2022. In 2021, through IPOs, companies raised around INR 1,19,882. Furthermore, the new-age tech, consumer, healthcare and speciality chemicals sectors may dominate the upcoming IPOs in 2022.
So far, the IPO market looks bright. Many companies are eyeing to go public in the new year. More than 25 companies have got approval from the market regulators to go public in 2022. And, more than 30 companies are yet to get their approvals. Also, some experts anticipate the IPO issue in 2022 to cross INR 2 lakh crores.
Upcoming IPO in India June 2022
|Company Name||Issue Size In ₹ Crores (Tentative)||IPO Date|
|Modi’s Navnirman Limited||22.68||Jun 23, 2022|
|Pearl Green Clubs and Resorts Limited||11.72||Jun 27, 2022|
|KCK Industries Limited||4.5||Jun 27, 2022|
|Sailani Tours N Travels Limited||1.9||Jun 27, 2022|
|Veerkrupa Jewellers Limited||8.1||Jun 29, 2022|
|Mangalam Worldwide Limited||65.58||Jun 30, 2022|
|Annai Infra Developers||200 – 250||To be announced|
|Apeejay Surrendra Park Hotel||1000||To be announced|
|Arohan Financial||1800||To be announced|
|Bajaj Energy||5450||To be announced|
|Byju’s||4500||To be announced|
|Capillary Technologies||To Be Updated||To be announced|
|Century Metal Recycling||To Be Updated||To be announced|
|Chemspec Chemicals||700||To be announced|
|Delhivery||7460||To be announced|
|Droom||2,000 + OFS||To be announced|
|Ecom Express||To Be Updated||To be announced|
|ESAF Small Finance Bank||998||To be announced|
|ESDS Software Solutions Limited||322 + OFS||To be announced|
|Fincare Small Finance Bank||1330||To be announced|
|Fusion Microfinance||600 + OFS||To be announced|
|Gemini Edibles & Fats India Ltd.||2500||To be announced|
|Go Airlines||3600||To be announced|
|Harsha Engineers||370||To be announced|
|HDB Financial||NA||To be announced|
|Hinduja Leyland Finance||500||To be announced|
|Inspira Enterprise India Ltd.||800||To be announced|
|Ixigo||1600||To be announced|
|Keventer Agro||800||To be announced|
|Medi Assist Insurance TPA Pvt. Ltd.||800||To be announced|
|MobiKwik||1900||To be announced|
|Muthoot Microfin||700||To be announced|
|Narmada Bio-Chem||90||To be announced|
|Navi||NA||To be announced|
|NSE||10000||To be announced|
|Ola||7300||To be announced|
|OYO||8430||To be announced|
|Paradeep Phosphate||1,255 + OFS||To be announced|
|Penna Cements||1550||To be announced|
|Pharm Easy||6250||To be announced|
|Popular Vehicles And Services||150 + OFS||To be announced|
|Prudent Corporate Advisory Services||NA||To be announced|
|Ruchi Soya||4300||To be announced|
|SAMHI Hotels||1,800 – 2,000||To be announced|
|SBI Mutual Fund||NA||To be announced|
|Seven Islands Shipping||600||To be announced|
|Shri Bajrang Power And Ispat Ltd||700||To be announced|
|Snapdeal||1,250 + OFS||To be announced|
|Sterlite Power||1250||To be announced|
|Studds Accessories||450||To be announced|
|Swiggy||NA||To be announced|
|Tamilnad Mercantile Bank||1000||To be announced|
|Utkarsh Small Finance Bank||1350||To be announced|
|VLCC Healthcare||300 + OFS||To be announced|
Brief Company Profile
Modi’s Navnirman Limited
The real estate company Modi’s Navnirman Limited was founded in 2015. The business provides construction services. The business approach of Modi’s Navnirman is centred on designing and developing products to meet the diverse price points of consumers.
Currently, the company has 2 Ongoing and 2 Future residential projects, as well as 3 Ongoing and 3 Future Residential-commerical projects.
The company aims to raise ₹22.68 Cr through its IPO issue. It plans to utilize the amount to invest in a subsidiary company – SMNPL for Repayment of its outstanding unsecured loans and general business purposes.
Mangalam Worldwide Limited
Mangalam Worldwide Limited, founded in 1995, is engaged in the production of stainless steel (SS). This business produces Stainless Steel (SS) Billets and SS Flat Bars. In addition to trading steel scrap, ferro alloys, etc., the corporation is also involved in the trade of steel. Customers of the company are dispersed throughout the states of Rajasthan, Gujarat, Maharashtra, and Uttarpradesh in various industry categories, such as food and dairy equipment, Utensils, oil and gas, aerospace, and medical devices, among others. Additionally, Managalam Worldwide exports the products to Brazil. The company aims to raise ₹65.58 Cr through its IPO issue. It plans to utilize the amount to fund its working capital needs, general business purpose and to meet public issue expenses.
Veerkrupa Jewellers Limited
The jewelry business of Veerkrupa Jewellers Limited includes the sale of silver, gold, studded, and other jewelry items. The showrooms for Veerkrupa Jewellers Limited are located in Naroda and Narol. Veerkrupa Jewellers sells an extensive selection of jewelry, including designer, traditional, modern, and combined designs, including earrings, chains, bracelets, gold/silver bars, Bands, Mangalsutra, Pendant sets and chains, Anklets, Waist Belts, necklaces, hand tools, pooja items, and silver decorative items. The company aims to raise ₹8.10 Cr through its IPO issue. It plans to utilize the amount to fund its working capital needs and general corporate expenses.
Sailani Tours N Travels Limited
Sailani Tours N Travels Limited provides Tourism and Hospitality-Related Services. The company is a travel agency that provides services such as Leisure Travel, Business Travel, Foreign Exchange, and Visa Processing. Sailani Tours N Travels designs domestic and international leisure vacation packages for both individuals and groups. The organization arranges travel for corporate clients in order to facilitate their business meetings, conferences, and events. The company aims to raise ₹1.90 Cr through its IPO issue. It plans to utilize the amount to fund its working capital needs and general corporate expenses.
KCK Industries Limited
KCK Industries Limited is in the business of trading and distributing combed and carded cotton yarns of superior quality. The yarns are utilized for clothing, undergarments, Terry Towels, denim, medical fabrics, upholstery fabrics, and industrial fabrics.
Combed yarn and carded yarn, easy care Finishing, softener, pigment printing, softener, ntifoaming/ deaeration, and basic chemicals are among the company’s chemical and dye offerings.
In addition to the above, KCK Industries Limited has a rice processing facility for both non-basmati and basmati rice. The company’s network of wholesalers, semi-wholesalers, and retailers is extensive. The company aims to raise ₹4.50 Cr through its IPO issue. It plans to utilize the amount to fund its working capital needs, general business purpose and to meet public issue expenses.
Pearl Green Clubs and Resorts Limited
Pearl Green Clubs and Resorts Limited is in the agricultural and related operations business. It trades in agricultural products such as wheat, corn, rice, cotton seeds, gram, pulses, cereals, and peas, among others. The business provides great products. In addition, the company has a substantial position in the Agricultural Commodities Trading segment.
It aims to raise ₹11.72 Cr through its IPO issue and plans to utilize the amount to fund its capital expenditure needs, general business purpose and to meet other issue expenses.
MobiKwik is among the leading providers of Buy Now Pay Later (BNPL) and mobile wallets in India. The digital payment corporation aspires to meet the credit needs of the constantly growing online population. The platform offers, services such as peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments. MobiKwik’s initial public offering (IPO) will be worth INR 19,00 crore. It involves a fresh share offering worth up to INR 1,500 crore and INR 400 crore offer for sale.
Le Travenues Technology Ltd. manages the travel website Ixigo. Through the IPO, it plans to generate INR 1,600 crore. In addition to being a travel platform, it provides travel utility products and technologies. Such as train PNR status and confirmation predictions, train seat availability notifications, train running status alerts and delay forecasts, and so on. The initial public offering would include a fresh issuance of shares worth Rs 750 crore and an offer-for-sale of equity shares worth Rs 850 crore by existing shareholders.
Penna Cements is one of the largest private cement firms. Also, a top integrated cement producer in terms of capacity. With a total capacity of 10 mmtpa, the company runs four integrated manufacturing facilities and also two grinding units spanning Telangana, Andhra Pradesh, and Maharashtra. The public offering aims to raise INR 1,550 crore. It involves a new issue of equity shares worth up to INR 1,300 crore and INR 250 crore offer for sale.
Fincare Small Finance Bank
Fincare SFB a ‘digital-first’ Small Finance Bank (SFB) that caters to unbanked and underbanked consumers, particularly in rural and semi-urban areas. Furthermore, it operates on a financial inclusion business model to provide individuals and companies with inexpensive financial products and services that match their needs. Also, It intends to raise INR 1300 crore through the IPO. It involves a fresh offering of equity shares worth up to INR 330 crore and INR 1000 crore offer for sale.
Sterlite Power is a private sector developer and provider of electricity transmission infrastructure and solutions. Through the following two business units: Global Infrastructure and Solutions, the company creates integrated power transmission infrastructure and delivers solution services. Also, the IPO would consist of a new offering of equity shares worth INR 1,250 crore.
Bajaj Energy is amongst the largest private sector thermal power businesses in India. The Uttar Pradesh based company is responsible for developing, financing, and also operating thermal power plants in India. Furthermore, the corporation has a total gross installed capacity of 2,430MW, with 450 MW coming from five operational facilities with a combined capacity of 90 MW. Also, the company plans to raise INR 5450 crore through this offering. The offer consists of INR 5,150 crore new issuance and INR 300 crore offer-for-sale of shares.
Delhivery is a new age logistics and delivery services company. The company plans to raise a total of INR 7,460 crore. INR 5,000 crore through new share issuance and also INR 2,460 crore through an offer for sale.
OYO is a leading name in the hospitality sector. It plans to raise INR 8,430 crore through IPO. Also, the IPO comprises fresh issuance of up to Rs 7,000 crore and an offer for sale of up to INR 1,430 crore.
The company offers various health-related services, including teleconsultation and radiological examinations. In addition to this, it delivers medicines, medical products and gadgets to patients’ homes. Also, it intends to raise INR 6,250 crore through the issuance of new equity shares.
Ola is a cab-hailing service that operates on a similar line to Uber. Through the IPO, the company aims to raise about INR 15,000 crore. Also, SoftBank, Tiger Global, and Steadview Capital, among other Ola investors, will benefit from the share sale by exiting or partially selling their position in the firm.
Byju’s is the leading EdTech firm that offers online education for free to students. The app is primarily for students in grades 4 through 12. In addition, it contains information about competitive exams like JEE, NEET, and IAS. Byju’s intends to raise roughly INR 4500 crore through its first public offering.
GoAir is an Ultra Low-Cost Carrier (ULCC) airline with a market share of about 10.8% in fiscal 2020, making it one of India’s fastest-growing carriers. Also, The airline’s fleet inventory is around 56 aircraft. Furthermore, it has a network of 28 domestic and nine international destinations. Moreover, the initial public offering would consist of a fresh issue of equity shares worth up to INR 3,600 crores.
India’s largest stock market is planning to go public in 2022. Through the share sale, the NSE hopes to raise INR 10,000 crore. Furthermore, SBI, LIC, IFCI, IDBI Bank, Goldman Sachs, Stock Holding Corporation, Tiger Global, and Citigroup are among the company’s major shareholders.
Studds Accessories is India’s leading helmet and two-wheeler accessory maker. The Haryana-based firm wishes to raise INR 450 crore through IPO. This includes INR 98 crore fresh issue share and also an OFS of about 39,39,000 shares held by business shareholders and founders.
Swiggy is the leading online food delivery platform. The company plans to go public in 2022. Furthermore, the food-delivery behemoth is currently concentrating on developing its Instamart grocery-delivery platform. It plans to undertake its initial public offering (IPO) before the end of 2022.
SBI Mutual Fund
State Bank of India (SBI), India’s largest lender, aims to float its mutual fund arm, SBI Funds Management, in 2022. Also, SBI Funds Management is a partnership between SBI and Amundi Asset Management (a Paris company). SBI intends to sell 6% of its interest in the mutual fund unit, while Amundi plans to sell roughly 4%.
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