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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.

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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 September 2022

Company NameIPO Size (approx.)(in Cr)Tentative Date
Ishaan International Ltd18.24Sept 9th – Sept 14th 2022
Annapurna Swadisht LtdNASept 15th – Sept 19th 2022
Tapi Fruit Processing Ltd5.21Sept 12th – Sept 14th 2022
Bharat FIH Limited5,000October 2022
Gemini Edibles & Fats India Ltd2,500October 2022
Go Airlines (India) Ltd3,600October 2022
Chemspec Chemicals Ltd700October 2022
Keventer Agro Ltd800October 2022
VLCC Health care Ltd300 + OFSOctober 2022
MobiKwik1,900To be announced
Ixigo1,600To be announced
Penna Cement1,550To be announced
Fincare Small Finance Bank1,330To be announced
Sterlite Power1,250To be announced
Bajaj Energy5,450To be announced
OYO Rooms8,430To be announced
Ola7,300To be announced
BYJU’s4,500To be announced
NSE10,000To be announced
Studds Accessories450To be announced
Swiggy800To be announced
SBI Mutual FundNATo be announced
ESAF Small Finance Bank998To be announced
Snapdeal1,250 + OFSTo be announced
Muthoot Microfin700To be announced
Seven Islands Shipping600To be announced
Arohan Financial1,800To be Announced
Utkarsh Small Finance Bank1,350To be Announced
SAMHI Hotels1,800 – 2,000To be Announced
Apeejay Surrendra Park Hotel1,000To be Announced
Inspira Enterprise India Ltd.800To be Announced
Fusion Microfinance600 + OFSTo be Announced
Shri Bajrang Power And Ispat Ltd700To be Announced
Annai Infra Developers200 – 250To be Announced
Narmada Bio-Chem90To be Announced
Tracxn TechEntirely OFSTo be Announced
Century Metal RecyclingTo Be UpdatedTo be Announced
BoAtTo Be UpdatedTo be Announced
Droom2,000 + OFSTo be Announced
Navi TechnologiesTo Be UpdatedTo be Announced
ESDS Software Solutions LimitedTo Be UpdatedTo be Announced
Capillary TechnologiesTo Be UpdatedTo be Announced
FabindiaTo Be UpdatedTo be Announced
Senco GoldTo Be UpdatedTo be Announced
EbixcashTo Be UpdatedTo be Announced
Vikram Solar LtdTo Be UpdatedTo be Announced
Capital Small Finance Bank LtdTo Be UpdatedTo be Announced
Lava International LtdTo Be UpdatedTo be Announced
TVS Supply Chain Solutions LtdTo Be UpdatedTo be Announced
Northern Arc Capital LtdTo Be UpdatedTo be Announced
Puranik Builder LtdTo Be UpdatedTo be Announced
Sahajanand Medical Technologies LtdTo Be UpdatedTo be Announced
Asianet Satellite Communication LtdTo Be UpdatedTo be Announced
Waaree EnergiesTo Be UpdatedTo be Announced
Plaza Wires LtdTo Be UpdatedTo be Announced
Maini Precision Products LtdTo Be UpdatedTo be Announced
Fedbank Financial Services LtdTo Be UpdatedTo be Announced

Ishaan International Limited

Ishaan International Limited is engaged in selling heavy machinery equipment in international markets. Also, it provides high end engineering services and solutions for all types of activities in  Hydro Power, Sugar and Jaggery, Pharmaceuticals and Pollution Control Systems. Thus, this company has a strong brand presence in South East Asia. It has a well established supply and logistics chain. Moreover, the company plans to raise equity shares worth upto INR 18.24 crores. 

Annapurna Swadisht Limited

Annapurna Swadisht Limited is a manufacturer of snacks and food products, like  fryums, cakes, candy, namkeen, chips,etc. This company was incorporated in 2015 and sells more than 12 lakh packets of products everyday. Also, this company is the largest FMCG player in eastern India and the fastest growing in this segment. The objective of the IPO issue is to fund the capital expenditure requirements and general corporate expenses. 

Tapi Fruit Processing Limited

This company is a manufacturer of Jelly Based Fruit Products such as Candied, Crystallised and Glazed Fruits, Fruit Bar, Fruit Jellies, Fruit Jam & Fruit Leathers, Chutney & Sauces, Beverages, Fruit crush, Fruit Syrups and Nutraceutical products such as vitamin Gummies. Also, the company started its operations in 1999 and has a wide Pan-India distribution network. Furthermore, this company has a diversified product portfolio. There are very few companies in this segment of confectioneries with well-established networks. Moreover, the company plans to raise equity shares worth upto INR 5.21 crores.

Bharat FIH Limited

Bharat FIH Limited is the largest EMS focused on manufacturing mobile phones. In the year 2021, with a market share of 23% by revenue makes it the second largest EMS provider. The company’s initial public offering (IPO) will be worth INR 5,000 crore. It involves offering fresh shares of INR 2500 crore and offers for sale also of the same valuation. 

Gemini Edibles and Fats 

This company is one of the leading manufacturers of sunflower oil. The company is engaged in the business of manufacturing, distribution and branding of edible oils. Also, the company will raise INR 2,500 crores via its public offering. Moreover, it will be entirely an offer for sale, and the company will not get any proceeds from its public offering. Furthermore, Golden Agri International Enterprises is one of the major investors that would be divesting shares worth INR 750 crores.

Go Airlines

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.

Chemspec Chemicals Limited

Chemspec Chemicals is a leading manufacturer of critical additives for the FMCG ingredients used in hair and skincare products. Also, it manufactures intermediates for pharmaceutical APIs used to formulate antihypertensive drugs. The company plans to raise INR 700 crore through Initial Public Offering.

Keventer Agro Limited

Keventer Agro Limited is a Kolkata-based leading fast-moving consumer goods firm with interests in package, fresh, dairy food products. It has a  comprehensive range of products across brands and categories with more than 90 stock-keeping units (SKUs). Frooti, Appy, Appy Fizz, and Bailey are among the franchised brands it has with Parle Agro. Under the Keventer brand, it sells frozen foods, UHT milk, milkshakes, and bananas. The company IPO comprises fresh issue of equity shares worth INR 350 crore and includes an offer for sale of 10,767,664 equity shares by Mandala Swede SPV.

VLCC Healthcare

VLCC Health Care is one of the most well known wellness and beauty brands in India. Also, it has wellness and beauty clinics and institutes for skill development in beauty and nutrition. The company IPO will consist of a fresh share issue of INR 300 crores with an offer for sale by existing shareholders and promoters.

MobiKwik

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.

Ixigo

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

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

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

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

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

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.

Ola

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

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.

NSE

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

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

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%.

ESAF Small Finance Bank

ESAF Small Finance Bank is the newest bank in the small finance field which started its operations in 2016. However, over the past four years it has shown a rapid growth with more than 400 branches all over India. The INR 998 crore ESAF Small Finance IPO would be INR 800 crores (fresh issue) and INR 198 cores (Offer for Sale). Major investors such as PNB Metlife and Bajaj Allianz will issue an OFS for the others. The fresh issue proceeds will be utilised to increase the bank’s capital adequacy and provide money for on-lending.

Snapdeal

Snapdeal was founded in 2010, and Software Group Corp backs the e-commerce giant. It was once considered a competitor in the developing Indian market to Amazon.com Inc. and Walmart-backed Flipkart. However, it lagged behind as its well-funded competitors poured money into gaining market share. Snapdeal has reshaped itself to differentiate itself from the larger competition by focusing on value-driven e-commerce. Its business model has moved to focus on Bharat, India’s non-English speaking, non-affluent, non-urban, and non-tech aware populace. It intends to generate INR 1,250 crore by selling fresh shares.

Muthoot Microfin

Muthoot Microfin is one of the leading microfinance banks in India, specialising in giving microloans to women in rural areas. The INR 800 crore offer combines a fresh share issue and an offer for sale.

Seven Islands Shipping

Seven Islands Shipping Limited is the second-largest seaborne logistics company. The company specialises in shipping petrochemical lubricants, crude oil, and other commodities. Its top concerns include safe transportation and efficiency while keeping a clean environment. The company intends to raise INR 600 crore through a public offering. A fresh issuance of INR 400 crore and an offer for sale for INR 200 crore will be part of the initial public offering.

What are the prerequisites of applying for an IPO? 

As an investor, the following are the prerequisites of applying for an IPO

  • Firstly, you need to be an adult (18+ years age)
  • You must hold a valid demat account. In case you wish to sell stocks subscribed during IPO, you will also need a trading account. Moreover, it is advisable to open a trading account along with a demat account when you are investing in an IPO for the first time. 
  • Additionally, it is mandatory to hold a PAN to open a Demat account in India. Also, your bank account must be linked to your demat account.

Besides this, you must also do proper research about the company IPO you wish to invest in. Some companies have performed greatly while some have a lacklustre performance. 

Frequently Asked Questions

What is the maximum investment in an ipo for retail investors?

According to SEBI guidelines, the maximum investment for an IPO for retail investors is Rs.5 lakh using the UPI application. Recently, on May 1, 2022, SEBI has revised this limit from Rs.2 lakh to Rs.5 lakh.

Do I need a demat account for investing in an ipo?

Yes you require a demat account for investing in an IPO. Once the IPO application is completed the respective shares will automatically be credited to your demat account. 

What are the next big upcoming ipos?

The next big upcoming IPOs are NSE which plans to raise INR 10,000 crores, OYO rooms plans to raise INR 8,430 crores and Bajaj Energy plans to raise INR 5,450 crores.

Which are upcoming ipos that have filed DRHP?

Some of the upcoming IPOs that have filed their DRHP (Draft Red Herring Prospectus) are NSE, Ola, OYO Rooms and Mobikwik. 

How can individuals apply in upcoming ipos online?

Individuals can apply for upcoming IPOs online through their broker or bank account. Through brokers, investors have to look for the IPO tab, select the IPO, place the bid and make the payment. Through a bank account, locate the ASBA tab and click on apply IPO. Fill the required details and submit the application. 

How do I get an application form for an upcoming ipo?

There are 2 ways to get the IPO application form. You can visit the nearest broking firm or bank to obtain the form for IPO. Also, you can download the ASBA form online from the NSE or BSE website. 

Can i cancel or revise ipo application before allotment?

Yes, you can cancel or revise the IPO application before allotment by writing to the Registrar directly. The IPO cancellation window closes once the issue subscription window is closed. 

What is the issue size in ipo?

The issue size in an IPO depicts how big the company IPO is. The issue size is decided based on company valuation and its growth prospects. Also, it represents the number of shares that the company will offer to the public for subscription. 

How to delete the ipo mandate?

You can delete the IPO mandate by cancelling or withdrawing the IPO till the closure of issue. You have to initiate this through the intermediary with whom the IPO application was submitted for bidding. 

How to withdraw the ipo application?

You can withdraw the IPO application online by going to the order book, select the IPO and withdraw. The money which is blocked will be released in one or two days. In case the online option is not available to withdraw the application, you need to contact your broker or bank through whom you have applied.