Following up on 2021, India’s primary market continues to witness a flurry of activity in 2022 as well. Here, we present you the biggest IPOs of 2022 along with the listing returns.
This surge in IPO activity can be attributed to various factors, including the positive state of the primary market in India, the benefits of a stable government and clear policies, and a historic deleveraging of corporate balance sheets.
Biggest IPOs of 2022
| IPO Name | Issue Size (INR Cr) | Listing Returns (%) |
|---|---|---|
| LIC | 20,557.23 | (7.77) |
| Delhivery | 5,235.00 | 10.13 |
| Ruchi Soya | 4,300.00 | 42.28 |
| Adani Wilmar | 3,600.00 | 16.63 |
| Vedant Fashions | 3,149.19 | 7.80 |
| Global Health (Medanta) | 2,205.57 | 23.60 |
| Five-Star Business Finance | 1,588.51 | 3.38 |
| Rainbow Hospital | 1,580.85 | (16.94) |
| Paradeep Phosphates | 1,501.73 | 4.52 |
| KFin Technologies | 1,500.00 | (0.59) |
| Archean Chemical | 1,462.30 | 12.57 |
| Campus Shoes | 1,399.60 | 29.76 |
| Fusion Microfinance | 1,103.99 | (11.74) |
| Sula Vineyards | 960.35 | (7.23) |
| Bikaji Foods | 880.84 | 5.82 |
| Kaynes Technology | 857.82 | 17.54 |
| Syrma SGS | 840.13 | 41.14 |
| Uniparts | 835.61 | (6.47) |
| Aether Industries | 808.04 | 20.62 |
| Tamilnad Mercantile Bank | 807.84 | (0.07) |
One of the key drivers behind the robust IPO market in 2022 is the favourable environment in the primary market. Investor sentiment is positive by a combination of factors, including strong economic growth, ample liquidity, and a resurgence in investor confidence. This optimism translates into heightened demand for IPOs, as investors try to capitalize on the potential upside offered by newly listed companies.
Furthermore, the stable political environment and clear policy direction at the policy level by the government are playing a pivotal role in bolstering investor confidence. Market participants are instilled with a sense of stability and predictability, which in turn attracts both domestic and foreign investors to participate in IPOs.
Additionally, the historic deleveraging of corporate balance sheets has created a conducive environment for companies to tap the capital markets through IPOs. As businesses across various sectors worked towards reducing debt and strengthening their financial positions, they increasingly turned to the equity markets to raise capital for growth and expansion initiatives. This deleveraging trend not only enhanced the financial health of companies but also provided investors with opportunities to participate in the growth stories of fundamentally strong businesses.
Against this backdrop, the biggest IPOs of 2022 are garnering significant attention and investor interest. These offerings represent a diverse array of sectors, including technology, healthcare, consumer goods, and finance, showcasing the breadth and depth of India’s burgeoning economy. While each IPO has its unique value proposition and growth trajectory, they share a common thread of innovation, resilience, and potential for long-term value creation.
Investors are particularly drawn to companies with disruptive business models, strong competitive moats, and scalable growth opportunities. Having said that, traditional business models are also finding enough interest, thanks to high earnings visibility and business predictability.
Looking ahead, the momentum in the IPO market is expected to continue as companies capitalize on favourable market conditions to access capital and fuel their growth ambitions.
In conclusion, the biggest IPOs of 2022 underscore the vibrancy and resilience of India’s capital markets, driven by a confluence of factors such as a positive primary market environment, stable governance, and corporate deleveraging. As India’s economy continues to evolve and expand, IPOs will remain a key avenue for companies to raise capital and for investors to participate in the country’s growth story.
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