IPO Update: Upcoming IPOs in February 2022

IPO Update: Upcoming IPOs in February 2022 January was a sluggish month for IPOs, thanks to concerns about the US Federal Reserve's economic stance and the Indian Union Budget. However, now that the Budget has passed, the IPO market is expected to resume its typical pace. In the year 2021, 65 initial public offerings (IPOs) raised over Rs.1.31 trillion, with 64 of them being oversubscribed. Let's take a look at what February 2022 has in store.

How will IPOs pan out in February 2022?

The LIC IPO will debut in the capital markets in 2022, according to the Finance Minister, who stated in the Union Budget debate that the LIC IPO will take place in March 2022. There are 12 other IPOs scheduled to hit the market in February-22, in addition to the Vedant Fashions IPO that is already open.

Upcoming IPOs in February 2022

Here's a quick rundown of firms that are anticipated to go public in February 2022. However, for the time being, this is simply an indicative list.

National Stock Exchange

After a lengthy wait, NSE, India's pioneer in online trading and one of the world's largest stock exchanges in terms of derivative volumes, will enter the IPO market. The NSE has now received regulatory approval to proceed with its Rs.10,000 crore first public offering. Because stock exchanges cannot list on their exchanges under current laws, the NSE may consider a dual listing on the BSE and an international market.

Ruchi Soya

Ruchi Soya intends to enter the Follow-on Public Offer (FPO) market with an Rs.4,300 crore issuance that has already got SEBI permission. Patanjali had purchased Ruchi Soya in 2019. It is one of India's top suppliers of oil meals. Mahakosh Oil, Sunrich Oil, Ruchi Gold, Nutrela Soya Foods, and Ruchi Star Oil are some of the company's well-known brands.

Go Airlines

The entire Rs.3,600 crore Go Airlines IPO will be a fresh offering. The revenues from the offering will be used to pay down debt, including IOCL fuel dues and aircraft lease payments. According to the most recent DGCA data, Go Air has a 9.1 per cent market share on domestic routes.

Vedant Fashions

Vedant Fashions, the owner of Manyavar and other celebration wear men's companies, started subscriptions on February 4th and will close on February 8th. Vedant Fashions' initial public offering (IPO) is worth Rs.3,149 crore. Using its franchisee strategy, the company has created significant retail yet exclusive presence across India.

MobiKwik

The sum of Rs. 1,900 crore MobiKwik's IPO consists of an Rs.1,500 crore fresh issue and an Rs.400 crore OFS. The offering was supposed to go live in the December-21 quarter, but it was postponed due to Paytm's shaky listing. Customers and merchants can use MobiKwik's powerful payment wallet as well as a customised BNPL (buy now, pay later) digital plan.

Arohan Financials

A fresh issue of Rs.950 crore and an offer for sale of Rs.850 crore will make up the Rs.1,800 crore IPO. Arohan is a non-bank financial company that also offers microfinance to underserved markets. The IPO will contribute to the company's capital adequacy.

Ixigo (Le Travenues Technologies)

The Rs.1,600 crore IPO will include a fresh issue of Rs.850 crore and an Rs.750 crore offer for sale. It has been around for almost 14 years and is one of the few artificial intelligence-based platforms for booking flights, trains, and hotels. Although it is in the travel industry, its business approach is mainly B2B.

Penna Cement

The Rs.1,550 crore IPO will include a fresh issue of Rs.1,300 crore and an Rs.250 crore offer for sale. This is the cement company's second attempt, and the funds will be used to pay down debt and expand.

Paradeep Phosphates

The IPO for Paradeep Phosphates will include a new issue of Rs.1,255 crore and a sale of 12 crore shares by existing shareholders. Paradeep, a company situated in Odisha, produces phosphatic fertilisers.

ESAF Small Finance Bank

ESAF SFB is a microlending organisation established in Kerala. A fresh issue of Rs.800 crore and an offer for sale (OFS) of Rs.198 crore make up the Rs.998 crore IPO. The proceeds from the new issue will be utilised to increase the bank's capital adequacy and provide money for on-lending in its main lending business.

Tracxn Technologies

The promoters and early investors will make an offer for sale (OFS) of 386.72 lakh shares in the IPO. Investment bankers, corporations, and private equity funds can subscribe to Tracxn's service to watch private and unlisted companies in the growing technology field.

Skanray Technologies

Skanray Technologies' IPO will include a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares at an undisclosed price. The company creates, develops, and manufactures medical products with a focus on the Indian market.

ESDS Software

The ESDS Software IPO was scheduled to debut in the first half of January, but it was postponed until February 22 due to weak market sentiment. A fresh issue of Rs.322 crore and an offer for sale of 2.15 crore shares would be part of the ESDS offering. ESDS is a cloud services firm established in Nashik that serves both private and public sector companies.