IPOs comping up in the second half of 2022

16 Jun 2022 , 02:13 PM

In 2021, a record number of enterprises were listed on the Indian bourses. This has been made feasible by the government’s pro-business policies and increasing digitalization. There has also been a constant increase in the number of retail participants in the capital markets.

Experts predict that the Initial Public Offerings (IPOs) market will experience a similar uptick in 2022. Let’s take a look at some of the upcoming IPOs that investors are anticipating. 

1. Go Airlines; IPO Size: Rs3,600 crore
2. Arohan Financial; IPO Size: Rs1,800 crore
3. MobiKwik; IPO Size: Rs1,900 crore
4. Ixigo; IPO Size: Rs1,600 crore
5. Penna Cement; IPO Size: Rs1,550 crore
6. Keventer Agro; IPO Size: Rs800 crore
7. Sterlite Power; IPO Size: Rs1,250 crore
8. Fincare Small Finance Bank; IPO Size: Rs1,330 crore
9. Seven Islands Shipping; IPO Size: Rs600 crore
10. PharmEasy; IPO Size: Rs6,250 crore
11. Bajaj Energy; IPO Size: Rs5,450 crore
12. Gemini Edibles and Fats; IPO size: Rs2,500 crore
13. Muthhoot Microfin; IPO Size: Rs700 crore
14. Fusion Microfinance; IPO Size: Rs600+OFS
15. VLCC Healthcare; IPO Size: Rs300+OFS
16. Tamilnad Mercantile Bank; IPO Size: Rs1,000 crore
17. Hinduja Leyland Finance; IPO Size: Rs500 crore
18. BoAt; IPO Size: Rs2,000 crore
19. OYO rooms; IPO Size: Rs7,000+OFS 
20. Navi; IPO Size: Rs3,350 crore
21. Snapdeal; IPO Size: Rs1,250+OFS
22. Ola; IPO Size: Rs7,300 crore
23. Byju’s; IPO Size: Rs4,500 crore

OFS stands for Offer for Sale.

Let’s take a look at some of the prominent companies:

1. Ixigo :

Le Travenues Technology Ltd., which manages the travel website Ixigo, is planning an IPO to raise Rs1,600 crore. The IPO will comprise a fresh issuance of shares worth Rs750 crore and an offer-for-sale(OFS) of equity shares worth Rs850 crore by existing shareholders. It provides travel utility products and technologies, such as train PNR status and confirmation predictions, train seat availability notifications, train operating status alerts and delay forecasts, and so on, in addition to being a travel platform.

1. Go Airlines:

GoAir is a very low-cost airline. It has increased its domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020, making it among India’s fastest-growing carriers. The airline’s fleet inventory consists of 56 aircraft, with a network of 28 domestic and nine international destinations as of January 31, 2020. Its initial public offering would entail a fresh issuing of equity shares worth up to Rs3,600 crore.

1. PharmEasy:

The company offers a variety of health-related services, including teleconsultation, radiological examinations, and medical product and gadget delivery to patients’ homes. It plans to raise Rs6,250 crore through the issuance of new equity shares.

1. Ola:

Ola is a cab-hailing service founded by Bhavish Aggarwal in 2010 to contend with Uber in global markets. Ola has raised roughly $4 billion since 2010, and the projected IPO is likely to be valued at $8-9 billion. The initial public offering is projected to be worth roughly Rs15,000 crore.

1. BYJU’s :

When it comes to education, students can get free online education on this app. The app is primarily aimed at students in grades 4 through 12. In addition, it contains information about competitive exams like JEE, NEET, and IAS. Byju’s is anticipated to raise roughly Rs4,500 crore through its first public offering.

1. Penna Cement:

It is one of India’s largest privately held cement firms and a top integrated cement producer in terms of capacity. With a total capacity of 10 mmtpa, the company runs four integrated manufacturing facilities and two grinding units spanning Telangana, Andhra Pradesh, and Maharashtra. The public offering is expected to garner Rs1,550 crore. It includes a new issue of equity shares worth up to Rs1,300 crore and a Rs250 crore offer for sale.

1. MobiKwik:

They are a leading provider of Buy Now Pay Later (BNPL) and mobile wallets. The digital payment firm aspires to meet the credit requirements of the constantly growing online population. On this platform, services such as peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments are accessible. MobiKwik’s initial public offering (IPO) would be worth Rs1,900 crore. It involves a fresh share offering worth up to Rs1,500 crore and an Rs400 crore offer for sale(OFS).

1. Seven Islands Shipping:

It was founded in 2002 and is a seaborne logistics company. The firm trades petrochemical lubricants, crude oil, and other commodities. This company’s top concerns include safe transportation and efficiency while keeping a clean environment. The company proposes to raise Rs600 crore through a public offering. A fresh issuance of Rs400 crore and an offer for sale for Rs200 crore will be part of the initial public offering.

1. Boat:

Boat, one of India’s top direct-to-consumer audio-focused electronics firms, has filed a draught red herring prospectus with SEBI for an IPO for Rs2,000 crore. In its IPO this year, the New Delhi-based firm is projected to seek a valuation of $1.5-2 billion.