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 September 2022
|Company Name||IPO Size (approx.)(in Cr)||Tentative Date|
|Ishaan International Ltd||18.24||Sept 9th – Sept 14th 2022|
|Annapurna Swadisht Ltd||NA||Sept 15th – Sept 19th 2022|
|Tapi Fruit Processing Ltd||5.21||Sept 12th – Sept 14th 2022|
|Bharat FIH Limited||5,000||October 2022|
|Gemini Edibles & Fats India Ltd||2,500||October 2022|
|Go Airlines (India) Ltd||3,600||October 2022|
|Chemspec Chemicals Ltd||700||October 2022|
|Keventer Agro Ltd||800||October 2022|
|VLCC Health care Ltd||300 + OFS||October 2022|
|MobiKwik||1,900||To be announced|
|Ixigo||1,600||To be announced|
|Penna Cement||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|
|OYO Rooms||8,430||To be announced|
|Ola||7,300||To be announced|
|BYJU’s||4,500||To be announced|
|NSE||10,000||To be announced|
|Studds Accessories||450||To be announced|
|Swiggy||800||To be announced|
|SBI Mutual Fund||NA||To be announced|
|ESAF Small Finance Bank||998||To be announced|
|Snapdeal||1,250 + OFS||To be announced|
|Muthoot Microfin||700||To be announced|
|Seven Islands Shipping||600||To be announced|
|Arohan Financial||1,800||To be Announced|
|Utkarsh Small Finance Bank||1,350||To be Announced|
|SAMHI Hotels||1,800 – 2,000||To be Announced|
|Apeejay Surrendra Park Hotel||1,000||To be Announced|
|Inspira Enterprise India Ltd.||800||To be Announced|
|Fusion Microfinance||600 + OFS||To be Announced|
|Shri Bajrang Power And Ispat Ltd||700||To be Announced|
|Annai Infra Developers||200 – 250||To be Announced|
|Narmada Bio-Chem||90||To be Announced|
|Tracxn Tech||Entirely OFS||To be Announced|
|Century Metal Recycling||To Be Updated||To be Announced|
|BoAt||To Be Updated||To be Announced|
|Droom||2,000 + OFS||To be Announced|
|Navi Technologies||To Be Updated||To be Announced|
|ESDS Software Solutions Limited||To Be Updated||To be Announced|
|Capillary Technologies||To Be Updated||To be Announced|
|Fabindia||To Be Updated||To be Announced|
|Senco Gold||To Be Updated||To be Announced|
|Ebixcash||To Be Updated||To be Announced|
|Vikram Solar Ltd||To Be Updated||To be Announced|
|Capital Small Finance Bank Ltd||To Be Updated||To be Announced|
|Lava International Ltd||To Be Updated||To be Announced|
|TVS Supply Chain Solutions Ltd||To Be Updated||To be Announced|
|Northern Arc Capital Ltd||To Be Updated||To be Announced|
|Puranik Builder Ltd||To Be Updated||To be Announced|
|Sahajanand Medical Technologies Ltd||To Be Updated||To be Announced|
|Asianet Satellite Communication Ltd||To Be Updated||To be Announced|
|Waaree Energies||To Be Updated||To be Announced|
|Plaza Wires Ltd||To Be Updated||To be Announced|
|Maini Precision Products Ltd||To Be Updated||To be Announced|
|Fedbank Financial Services Ltd||To Be Updated||To 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.
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 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 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.
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.
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%.
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 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 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
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.
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.
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.
Some of the upcoming IPOs that have filed their DRHP (Draft Red Herring Prospectus) are NSE, Ola, OYO Rooms and Mobikwik.
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.
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.
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.
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.
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.
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.