Deepshikha | Jan 3, 2022 |
Top 10 Upcoming IPOs in 2022
The initial public offering (IPO) market in India had its best year ever in a calendar year in 2021, with companies raising more than Rs 1 lakh crore. This year, 63 companies raised approximately Rs 1.19 lakh crore through initial public offerings. Despite bad market confidence caused by the statewide Covid-19 ban in the first half of the calendar year, enterprises have received record finance. The IPO collection beat the previous high of Rs 67,147 crore set in 2017 when only 36 issues were offered to the public.
India Inc raised Rs 12,361.55 crore through IPOs in 2019, compared to Rs 26,612.61 crore the previous year.
One97 Communication or Paytm (Rs 18,300 crore), Zomato (Rs 9,375 crore), Star Health & Allied Insurance (Rs 6,018 crore), PolicyBazaar (Rs 5,625 crore), Sona Comstar (Rs 5,550 crore), Nykaa parent FSN Commerce Ventures (Rs 5,350 crore), and Indian Railway Finance Corporation (Rs 4,633.38 crore) were among the notable IPOs of 2021.
The top ten upcoming IPOs in 2022 are shown below.
The IPO of Adani Group and Wilmar Group’s joint venture will be a fresh offering of shares. The fast-moving consumer goods company intends to fund Rs 4,500 crore in the main market. The share sale will be used to fund capital expenditures for existing manufacturing facilities expansion, new manufacturing facility development, debt repayment/prepayment, strategic acquisitions and investments, and general company reasons.
The country’s largest insurer, Life Insurance Corporation of India (LIC), is expected to go public in the January-March quarter of 2022. The government intends to sell stakes in LIC to meet its disinvestment objective of Rs 1.75 lakh crore this year. It intends to sell 5-10% of its ownership in LIC. Through the share sale, the government is expected to raise between Rs 80,000 and Rs 1 lakh crore.
The hospitality company plans to raise Rs 8,430 crore from a share sale next year. The initial public offering would include a fresh issuance of up to Rs 7,000 crore ($966 million) and an offer for sale of up to Rs 1,430 crore ($197 million).
In the first half of 2022, the ride-hailing business wants to sell stock and list on stock exchanges. The IPO is expected to have a Rs 15,000 crore issue size. SoftBank, Tiger Global, and Steadview Capital, among other Ola investors, will benefit from the share sale by being able to exit or partially sell their position in the firm and repay monies to their shareholders. So far, OLA is thought to have raised about $4 billion in finance.
The new-age delivery and logistics services provider is planning an initial public offering (IPO) to generate Rs 7,460 crore. The Securities and Exchange Board of India (Sebi) received the firm’s draught prospectus in early November. According to the firm’s draught red herring prospectus, the company would raise Rs 5,000 crore through new share issuance and Rs 2,460 crore through an offer for sale (OFS) component in which some of its existing investors will dilute their holdings.
In November 2021, the digital healthcare platform filed for an initial public offering (IPO). It intends to raise to Rs 6,250 crore through a new share offering. The company offers a variety of health-related services, including teleconsultation, radiological examinations, and medical product and gadget delivery to patients’ homes.
The IPO is expected to raise Rs 5,450 crore for the company. The offer will consist of fresh issuance of Rs 5,150 crore and a Bajaj Power Ventures offer-for-sale (OFS) of shares worth up to Rs 300 crore. In September of this year, the company gained approval from the Sebi. It submitted the DRHP to the regulator in April of this year. It is one of Uttar Pradesh’s largest private-sector electricity producers.
Byju Raveendran, the founder of the ed-tech startup, told Business Today in August 2021 that the company plans to go public in the following 15-18 months. According to a Bloomberg article, Byju intends to raise $400 million to $600 million to accelerate its efforts to go public.
State Bank of India (SBI), the country’s largest lender, aims to float its mutual fund arm, SBI Funds Management, next year. SBI Funds Management is a partnership between SBI and Amundi Asset Management, based in Paris. SBI intends to sell 6% of its interest in the mutual fund unit, while Amundi is expected to sell roughly 4%.
Next year, the country’s largest stock market is expected to go public. Through the share sale, the NSE hopes to raise Rs 10,000 crore. SBI, LIC, IFCI, IDBI Bank, Goldman Sachs, Stock Holding Corporation, Tiger Global, and Citigroup are among the company’s major shareholders.
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