After a massively successful year in 2021 that smashed several records of fund raising, the market is looking forward to 2022. The outlook for the current year looks very exciting with several big names like LIC, NSE lined up to tap primary markets.
Unsurprisingly, the list of upcoming IPOs in 2022 is dotted with some very big names backed by venture capital and private equity firms. This list of new IPOs also includes startups which are heavily funded by venture capital firms. While several startups like Zomato, CarTrade, and Nykaa tested waters in 2021, many more startups feature in the list of upcoming IPOs in 2022.
Upcoming IPOs in 2022 – Top forthcoming IPOs in India
IPO Company | Issue Size (in INR) | Issue Date |
AGS Transact | 800 crore | January 2022 |
ESDS Software | 400 crore | January 2022 |
Tracxn Technologies | January 2022 | |
Puranik Builders | 810 crore | January 2022 |
Vedant Fashions (Manyavar) | January 2022 | |
Waaree Energies | 1,350 crore | January 2022 |
Go Airlines | 3,600 crore | 2022 |
Sahajanand Medical Technologies | 1,500 crore | 2022 |
API Holdings (PharmEasy) | 6,250 crore | |
Inspira Enterprise India | 800 crore | 2022 |
ESAF Small Finance Bank | 997.8 crore | 2022 |
Popular Vehicles and Services | 150 crore | 2022 |
One MobiKwik Systems | 1,900 crore | 2022 |
LIC | 80,000 crore | 2022 |
Fincare Small Finance Bank | 1,330 crore | 2022 |
Snapdeal | 2,000 crore | |
Skanray Technologies | 400 crore | 2022 |
Penna Cement | 1,550 crore | 2022 |
Adani Wilmar | 3,600 crore | 2022 |
India1 Payments | 150 crore | 2022 |
Emcure Pharmaceuticals | 1,100 crore | 2022 |
Delhivery | 7,460 crore | 2022 |
Le Travenues Technology (Ixigo) | 1,600 crore | 2022 |
Oravel Stays (OYO) | 8,400 crore | 2022 |
Droom Technology | 3,000 crore | 2022 |
Bikaji Foods | – | 2022 |
Venus Pipes | – | May 2022 |
Life Insurance Corporation of India (LIC)
LIC IPO is simply the most anticipated offer in India this year. The insurance major is likely to be valued more than INR13 lakh crores. Given the humongous size of the company, even offering 5% equity in the offer is likely to result in INR65,000 crore float. It will require several changes in the regulatory and market setup to accommodate the size of this forthcoming IPO.
As of now, Paytm IPO takes the crown of the biggest public offer in India and its size of INR18,300 crore presents the stark difference between the two IPOs. However, this size is likely to help retail investors with firm allotment. Taking the ground work ahead, the Department of Investment and Public Asset Management (Dipam) has finalized Milliman Advisors LLP India for valuing the insurance behemoth ahead of the new IPO.
Delhivery – Most interesting of upcoming IPOs in 2022
Logistics unicorn Delhivery is yet another entry in the list of interesting upcoming IPOs in 2022. According to the draft prospectus filed with SEBI, the forthcoming IPO will include a fresh issue of shares worth INR5,000 crore while existing shareholders also plan to offload shares worth up to INR2,460 crore through an offer for sale (OFS). Most prominent among these selling shareholders are Carlyle and SoftBank.
The company is yet to receive SEBI’s approval so the timing of the new upcoming IPO is not known as yet. Nevertheless, it is likely that the offer may be launched in the second-half of the calendar year.
HDB Financial Services
HDB Financial Services – a subsidiary of HDFC Bank – is also likely to go public this year, making it fifth group company to list on stock exchanges. The nonbanking finance unit’s IPO is likely to mobilize INR10,000 crore and its parent has already hired merchant bankers for the offer. Apart from consumer loans, the company offers enterprise loans and asset financing.
The company has posted impressive performance in recent years. For the year ended 31 March 2020, HDB Financial Services posted profit of INR1,005 crore on revenues of INR10,756 crore. In comparison, its top-line stood at just INR3,302 crore in FY2016, according to annual reports on its website. Despite this high growth, HDB has managed to keep the quality of its credit profile intact. Being an HDFC-group company, HDB is likely to fetch premium valuations as well as another entry in the forthcoming IPOs in 2022.
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