Following the streak of pandemic, the year 2021 has been the most fruitful year for IPOs in the last twenty years. Owing to this, the market is now looking forward to a resembling IPO craze in 2022. A lot of influential unlisted companies marked their debut on the stock markets.
More than 60 companies had raised Rs 1,18,704 crore (USD 15.4 billion) through IPOs last year. Again a plethora of renowned companies are all set to take the IPO segment by storm in the year 2022 including insurance, Edtech, healthcare sectors, and much more. If you are wondering what upcoming IPOs in 2022 have decided to raise money from the public through the stock exchanges, let’s take a look!
|Upcoming IPO in 2022||Tentative Issue Size (in Rs Crores)*||Tentative Date*|
|Rainbow Children’s Medicare||2000||2022|
|Maini Precision Products||900||2022|
|Sresta Natural Bioproducts||500||2022|
|Suraj Estate Developers||500||2022|
|Bikaji Foods International||1000||2022|
|Archean Chemical Industries||2,200||2022|
|Fedbank Financial Services||900 + OFS||2022|
|Wellness Forever Medicare||1500 – 1600||2022|
|CMR Green Technologies||300 + OFS||2022|
|Kids Clinic India||300 + OFS||2022|
|Emcure Pharma||5000||Feb 2022|
|e-Mudra||200 fresh issue + OFS||2022|
|Fincare Small Finance Bank||1,330||2022|
|Studds Accessories||98 + OFS||2022|
|Apeejay Surrendra Park Hotels||1,000||2022|
|Annai Infra Developers||200-250||2022|
|Aadhar Housing Finance||7300||2022|
|Fincare Small Finance Bank||1330||2022|
|Penna Cement Industries||1550||2022|
|Utkarsh Small Finance Bank||1350||–|
|Jana Small Finance Bank||700 crore + Offer of sale||–|
|Seven Islands Shipping||600||2022|
|ESAF Small Finance Bank||998||2022|
|Shri Bajrang Power and Ispat||700||2022|
|PharmEasy||3,000 – 3,700||2022|
|Gemini Edibles And Fats||2,500||2022|
|SAMHI Hotels||1,800 – 2,000||2022|
|Paradeep Phosphates||1,225 + Offer for Sale||2022|
|Srei Equipment Finance||1,100||2022|
|Inspira Enterprise India Ltd.||800||2022|
|Medi Assist Insurance TPA Pvt. Ltd.||850||2022|
|Fusion Microfinance||600 + Offer for sale||2022|
|Hinduja Leyland Finance||500||2022|
|VLCC Health Care||300 + Offer for sale||2022|
|Popular Vehicles And Services||150 + Offer for sale||2022|
*Both, the issue size and date, are tentative and might vary once the issue goes live in the markets.
Now that you have seen the upcoming IPO list in India, here are some key details pertaining to the list of IPO shared above. These quick details will help you to mug more recent details about the IPO in no time.
The KFin IPO is entirely an offer for sale (OFS) of up to Rs 2,400 crore worth of equity shares by General Atlantic Singapore Fund Pte. Ltd.
The Ebixcash issue includes a reservation of part equity shares for subscription by eligible employees. The employee reservation portion will not exceed 5% of post-issue paid-up equity share capital.
The eMudhra IPO consists of a fresh issue of Rs 200 crore and an offer for sale of up to 8.51 million shares by its existing shareholders and promoters.
Rainbow Children’s Medicare
The public issue comprises fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale of up to 2.4 crore equity shares by the selling shareholders.
The campus activewear IPO is entirely an offer for sale of equity shares of up to 5.1 crore equity shares.
Maini Precision Products
Maini Precision Products IPO consists of a fresh issue of equity shares aggregating to Rs 150 crore, and an offer for sale of up to 2,54,81,705 equity shares. Proceeds from the fresh issue will be used to pay its debt and for general corporate purposes
Sresta Natural Bioproducts
Sresta Natural Bioproducts IPO comprises of fresh issue of equity shares aggregating up to Rs 50 crore and an offer-for-sale of up to 70,30,962 equity shares by the selling shareholders.
Hexagon Nutrition IPO comprises of fresh issue of equity shares aggregating to Rs 100 crore, and an offer for sale (OFS) of up to 30,113,918 equity shares.
Suraj Estate Developers
The fresh issue will be made through the book-building process and at least 75% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs).
Bikaji Foods International
Certain shareholders of the company, including two promoters, plan to offload around 2.94 crore shares through the Offer For Sale (OFS) route.
Archean Chemical Industries
The Archean Chemical Industries IPO comprises of fresh issue of equity shares aggregating up to Rs 1,000 crore and an offer for sale of up to 1.9 crore shares by the promoter and investors, including the India Resurgence Fund.
Fedbank Financial Services
Fedbank Financial Services is a subsidiary of Federal Bank. The offer for sale of the IPO comprises up to 16.50 million shares by Federal Bank and up to 29.22 million shares by True North Fund VI LLP.
Wellness Forever Medicare
The Wellness Forever Medicare IPO consists of a fresh issue of equity shares aggregating to Rs 400 crore and an offer for sale of up to 16,044,709 equity shares
CMR Green Technologies
The CMR Green Technologies IPO consists of fresh issuance of equity shares worth Rs 300 crore and an OFS of 3.34 crore shares by promoters and investors
Kids Clinic India
Kids Clinics India is a medical practice company founded in 2005. The public issue comprises a fresh issue of Rs 300 crore and an offer for sale of more than 1.32 crore equity shares by founders and investors.
The Emcure Pharma IPO consists of fresh issuance of equity shares worth Rs 1,100 crore and an offer of sale (OFS) of 18,168,356 equity shares.
The Delhivery IPO consists of fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore.
The Campus Actiwear IPO is entirely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders.
Bharat FIH, formerly Rising Stars Mobile India, is an electronic manufacturing service (EMS) provider. It plans to raise around Rs 5000 crore through an IPO.
Snapdeal has shifted its focus to” value-driven e-commerce” to distinguish it from its competitors by emphasizing more on local and regional brands.
Droom may go for a private placement of equity shares aggregating Rs 400 crore, as per multiple media reports.
Out of the total proceeds that the company will receive from the IPO, it has plans to set aside Rs.35 crore for prepayment and repayment of debt availed by the company.
Urban Company raised $255 million in Series F round of funding led by Prosus Ventures, Dragoneer, and Wellington Management. The Gurugram-based startup is valued at $2.1 billion.
Imagine Marketing is the owner of the famous earphones brand ‘Boat’. Boat is amongst the popular earphone brands in India and has become a player with a significant market share.
LIC is India’s largest government-owned life insurer. It is soon going to launch the most awaited IPO of the year 2022. According to analysts, the IPO size can be somewhere between Rs 70,000 to 80,000 crores. 10% of shares are proposed to be allotted to existing LIC policyholders.
Fincare is a ‘digital-first’ Small Finance Bank that focuses on unbanked and under-banked customers, mainly in rural and semi-urban areas. Its business vision focuses on providing individuals and businesses with affordable financial products and services. It is soon to come up with a Rs 1300 crore IPO that includes the issue of fresh shares worth Rs 330 crore and an OFS of up to Rs 1,000 crore from promoter Fincare Business Services Ltd.
Bajaj Energy is one of the largest private-sector thermal generation companies. This leading thermal power generation player intends to raise around Rs 5,450 crore through its upcoming offering. This offer is a sum of Rs 5150 crore new issuance and INR 300 crore offer-for-sale of shares. The proceeds from the IPO will be used to acquire Lalitpur Power Generation Company (LPGCL).
Studds Accessories is India’s leading helmet and two-wheeler accessory manufacturer. The company is all set to raise around Rs 450 crore through IPO that consists of Rs 98 crore fresh issue share. Also, around 4 lakh equity shares of the company are likely to be offered to the public through the OFS.
Apeejay Surrendra Park Hotels, a renowned hotel chain, intends to raise Rs. 1,000 through its IPO in 2022. The IPO is a blend of fresh issues of up to Rs 400 crore and an offer-for-sale (OFS) of up to Rs 600 crore.
Annai Infra Developers is engaged in the business of water management and irrigation EPC segment. It is soon going to raise around Rs. 200-250 crores through its upcoming IPO wherein the face value of each share stands at Rs. 10.
GoAir is an Ultra Low-Cost Carrier (ULCC) airline. It is a leading and one of the fastest-growing airlines in India. The airline has rebranded itself as ‘Go First’. It also plans to raise up to Rs 1,500 crore by way of a pre-IPO placement. This is one of the new upcoming IPO in India for the airline Industry.
Aadhar Housing Finance is one of the largest affordable housing finance companies in India providing home financing needs. The company has a network of 292 branches spread across 20 states and UTs. It has filed for a Rs 7300 crore IPO that consists of a fresh issue of Rs.1,500 crore and an offer for sale of Rs.5,800 crore.
Mobikwik is a leading digital payment platform that offers Buy Now Pay Later (BNPL) and mobile wallets in India. Mobikwik recently turned into a unicorn – a startup with equal to or over a $1 billion valuation. Its upcoming IPO will be worth Rs 1900 crore that will consist of a fresh share offering worth up to Rs 1,500 crore and a Rs 400 crore offer for sale.
Ola is a popular cab-hailing service. The company intends to raise about Rs 15000 crore. Ola’s IPO may result in the company achieving a valuation at the tune of $12-14 billion.
Penna Cements is a leading and one of the largest cement companies in India. The company wishes to raise Rs 1550 crore that will involve a new issue of equity shares worth up to Rs 1,300 crore and a Rs 250 crore offer for sale. The company plans to utilise part of the fresh capital raised for repayment of Rs 550 crore of certain borrowings besides funding capital expenditure requirements of Rs 105 crore for its KP Line II Project.
Utkarsh Small Finance Bank is one of the small finance banks in India. It has been growing at a fast pace and is soon to come up with its IPO worth Rs 1350 crore. This will consist of primary issues of Rs. 750 crores and an offer for sale around Rs. 650 crores. The bank intends to utilize the net proceeds from the fresh issue to augment its tier 1 capital for business expansion.
Jana Small Finance Bank is digitized bank regulated by RBI. Established in 2018, the bank is headquartered in Bangalore. Jana Small Finance Bank may consider a pre-IPO placement of an aggregate amount not exceeding Rs 500 crore.
Seven Islands Shipping Limited is a seaborne logistics company that deals with the transportation of crude oil, gas, petrochemical products, etc. With its upcoming IPO, the company wishes to raise around Rs 600 crore. Its public offering will be a mix of Rs. 400 crores worth fresh share issue and an OFS by existing shareholders. The company will utilise the net proceeds to acquire a large crude carrier vessel and one medium-range vessel.
ESAF Small Finance Bank is one of the leading small finance banks. Its upcoming IPO contains a fresh issue of Rs 800 crore worth of shares and an OFS of Rs 200 crore worth of shares. The bank may consider a pre-IPO placement of equity shares for an aggregate amount up to Rs 300 crore.
Aarohan Financial Services Limited is a top micro-finance institution with operations in financially under-penetrated low-income states of India. The lender will be looking to raise up to Rs 150 crore from pre-IPO placement.
Shri Bajrang Power and Ispat is a renowned steelmaker. The company operates three manufacturing units located in Raipur. It has filed for its IPO that is worth Rs 700 crore. Their IPO will be a fresh issue of 41,18,000 equity shares at a face value of Rs. 10 for each share. With its net proceeds, the company intends to fund its working capital and pay off its current debts.
PharmEasy provides numerous services associated with health such as teleconsultation, radiological examinations, delivering medicines, medical products to patients’ homes, etc. It wishes to raise about Rs 6250 crore through its upcoming IPO. PharmEasy raised nearly $350 million in the pre-IPO funding round. This is also one of the new upcoming IPO in India.
Gemini Edibles And Fats is one of the leading manufacturers of sunflower oil. Gemini sells its products in the edible oil segment under the brand Freedom. It is set to raise Rs. 2500 crores through its IPO.
CMS Info Systems is India’s largest cash management company that excels in handling cash processing to cash-in-transit, from cards to ATM network management, retail management, etc. Its shares may open in the range of Rs 195 to Rs 220 per share level. The issue is an offer for sale (OFS) by CMS Info Systems’ promoter Baring Private Equity Asia.
SAMHI Hotels manages around 27 operating hotels across 12 cities, in June 2019. Its upcoming IPO is a combination of fresh share issuance worth Rs. 1,100 and offer for sale of 1,91,45,624 shares.
Ixigo is a travel booking platform that also offers travel utility products and technologies. With its IPO, it intends to raise Rs 1600 crore. Its IPO would be a combination of fresh issuance of shares worth Rs 750 crore and an OFS of equity shares worth Rs 850 crore by existing shareholders.
Sterlite Power is a private sector developer and provider of electricity transmission infrastructure and solutions. Vedanta Resources Chairman Anil Agarwal is a promoter of Sterlite Power. The upcoming IPO of the company is equity shares worth INR 1,250 crore.
Paradeep Phosphates is a leading fertilizer manufacturing company. The Government of India owns a 19.55% stake in the company. Its upcoming IPO consists of a fresh share issue worth Rs. 1,255 crores. Paradeep Phosphates’ IPO is likely to have an offer for sale of 12,00,35,800 shares with a face value of Rs. 10 each.
Srei Equipment Finance is a wholly-owned subsidiary of Srei Infrastructure Finance based in Kolkata. The company lends loans for purchasing equipment required for irrigation, construction, mining, aviation, etc. The company plans to raise Rs 2000 crore with its upcoming IPO. Its offering will consist of fresh issue equity shares of Rs 1100 crores and Rs 900 crore will be an offer for sale.
Inspira Enterprise India Ltd. is a cybersecurity firm. It is seeking to raise Rs 800 crore with its upcoming IPO which will be a combination of a fresh share issue of Rs. 300 crore and an OFS of shares worth Rs. 500 crores.
Medi Assist Insurance TPA Pvt. Ltd. is one of the largest third-party insurance administrators with a massive network of hospitals across numerous cities and towns. According to its DRHP, Medi Assist managed Rs 7,829.5 crore of health insurance premiums for the financial year 2020. Its IPO will be completely an offer for sale of about 2.8 million shares.
Keventer Agro is a famous food and beverage company that is a part of the Keventer Group. With its forthcoming IPO, it is intending to raise Rs 800 crore. The proceeds will be used to repay debt and for funding capital expenditure requirements.
Chemspec Chemicals is a well-known manufacturer of critical additives that are majorly used by the FMCG sector. The company has offered an IPO worth Rs 700 crore. This IPO is a complete offer for sale (OFS) by existing promoters. Also, the company wishes to use the proceeds for brand growth and development.
The company is the microfinance arm of Muthoot Pappachan Group (MPG). It is a leading microfinancing firm that offers micro-loans to women in rural regions across the country. Their Rs 800 crore worth IPO is a combination of the fresh share issue and offer for sale.
Fusion Microfinance is a financial services firm serving in rural and semi-rural India. Its IPO will be a combination of a fresh share issue of Rs. 600 crores and an OFS of 2,19,64,841 shares by its promoters and shareholders.
Hinduja Leyland Finance seeks to raise about Rs. 700 crores via its upcoming IPO. Its IPO will be a mix of a fresh share issue worth Rs. 500 crores along with an offer for sale by Everstone Capital. HLF intends to use the IPO proceeds to augment its capital base to meet future requirements.
VLCC Health Care is a renowned beauty and wellness brand. The company’s IPO will comprise of a fresh share issue of Rs. 300 crores with an offer for sale by existing shareholders and promoters. The company will utilise part of the net proceeds to establish VLCC Wellness Clinics in India and GCC Region, and VLCC institutes in India.
Harsha Engineers is one of the largest manufacturers of bearing cages. It has around 5-6% market share in the organised segment of brass, steel, polyamide bearing cages. Their IPO is going to be a mix of freshly issued shares worth Rs. 370 crores along with an offer for sale of 13,25,000 shares. The company proposes to utilise the proceeds for pre-payment of certain indebtedness, purchase of machinery in India, investment in subsidiaries, among other uses.
Narmada Bio-chem is a leading manufacturer of organic and chemical fertilizers. The company has a distribution network of more than 750 distributors spread over 10 states. It is soon coming up with an IPO with an issue size of 72,00,000 shares, out of which there would be a fresh issue of 54,00,000 shares and OFS of 18,00,000. Note, the face value of Narmada Bio-chem IPO stands at Rs. 10 per share.
Popular Vehicles And Services is a leading automobile dealer. It is known to deal with vehicle dealerships of brands like Tata Motors, Honda, Suzuki, etc. Its upcoming IPO will consist of a fresh issue of shares amounting to Rs. 150 crores with an OFS of 42,66,666 equity shares. The proceeds from the issue will be used to repay debt, including working capital loans availed by the firm and its arms.
What is the full form of IPO?
IPO stands for Initial Public Offering. It is what it sounds like – it is the initial time when a company asks the public in general to buy its shares. The first list above mentions a list of the latest upcoming IPOs.
How to buy shares during an IPO?
It is a really simple step. Go to this link (if you wish to buy the shares using Groww): Select the IPO you wish to apply for and if it is a current IPO (i.e. it is live) just select ‘Apply for the IPO’ and the page will guide you through the process.
What happens once I place an order for shares?
Investors do not get the shares the minute they send their money during an IPO. Once you place an order, the possibility of whether you will actually receive the shares depends on the subscription status of the current IPO. In case of oversubscription, you will receive less number of shares than what you applied for.
When under subscription happens, you will receive all the shares you applied for. In case of under subscription below a particular threshold, the IPO may not qualify to get listed and you will get your money back.
To know more, you may refer to Reasons behind not receiving an IPO allotment
When are the shares allotted?
The shares are usually allotted one week after the basis of allotment date i.e. one week after the date when investors (who had applied for the IPO) are made aware of the number of shares they will be allotted.
What is Draft Red Herring Prospectus?
Many investors aim to buy shares of fairly valued companies during their IPOs. The primary source of information in such a process is the DRHP or the Draft Red Herring Prospectus – a document that the company prepares detailing its financial position, day to day operations, risks and strengths and many more things that an investor may wish to know.
We hope you found this information about the latest IPOs of 2022 and those listed in 2021 helpful.
Disclaimer: The content above is only for informational and educational purposes. It is in no way meant to be advice on what to buy or sell. Investors are advised to refer to various sources and do an in-depth analysis and invest in alignment with their personal financial goals.