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 2022
|Company Name||Issue Size In ₹ Crores (Tentative)||IPO Date|
|LIC||70,000||To be announced|
|Adani Wilmar||4,500||To be announced|
|MobiKwik||1,900||To be announced|
|Ixigo||1,600||To be announced|
|Penna Cements||1,550||To be announced|
|Fincare Small Finance Bank||1,330||To be announced|
|Sterlite Power||1,250||To be announced|
|Bajaj Energy||5,450||To be announced|
|Delhivery||7,460||To be announced|
|OYO||8,430||To be announced|
|Pharm Easy||6,250||To be announced|
|Ola||7,300||To be announced|
|Byju’s||4500||To be announced|
|Go Airlines||3,600||To be announced|
|NSE||10,000||To be announced|
|Studds Accessories||450||To be announced|
|Swiggy||NA||To be announced|
|SBI Mutual Fund||NA||To be announced|
Brief Company Profile
Life Insurance Corporation of India is among the most-awaited and the largest IPO in India. Also, the government plans to sell about 5-10% of its stake from the company. Furthermore, LIC expects to go public in the first quarter of FY 22-23. The company plans to raise around INR 70,000 crore through its IPO issue.
Adani Wilmar is a joint venture between Adani Group and the Wilmar Group. The IPO will be a totally fresh offering of shares. Furthermore, the fast-moving consumer goods company intends to raise INR 4,500 crore in the main market. Also, the share sale proceeds are to fund capital expenditures for existing manufacturing facilities expansion, new manufacturing facility development, debt repayment/prepayment, strategic acquisitions and investments, and general company reasons.
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%.