Upcoming IPOs in December 2021

By Angel One | Published on 25th November 2021 | 56

The frenzy of companies going public in 2021 is reaching new heights every month, and the same can be expected for December as well. Market results show that the total IPO funding accumulation for this year has crossed the coveted Rs. 100 lakh crore mark. The COVID-19 pandemic has been stressful for the global economy, but India’s market has recovered quickly. Currently, the stock market is riding high, and firms are trying to reap its benefits by going public in this period.

Hence, if you are planning to invest, this could be the correct time. To help you in this regard, here is an insight into the public issues going live in December 2021.

IPOs in the Calendar Year of 2021

IPOs in calendar year of 2021 51
Amount Raised Via Public Issue (Initial Public Offer + Follow-On Public Offers) in 2021 About Rs. 107 Lakh Crores
Amount Raised Only Through IPO in 2021 Around Rs. 87,000 Crores

The total funds raised through the IPO was expected to cross Rs. 100 lakh crore mark by the end of FY2022. However, the flurry of companies going public in November has achieved an astonishing result, and it is safe to say that it will set a new benchmark by the end of March 2022.

Nonetheless, IPOs of organisations like LIC, Oyo Hotels and Homes, Ola, Star Health, boAt Electronics are yet to come, which will further add to this tally.

Additionally, companies like Zomato, PolicyBazaar, Paras Defence Paytm, Barbeque Nation, Devyani International, and many others have closed their public issues with notable success. Paytm with its Rs. 18,300 crore IPO has now become India’s largest public issue surpassing Coal India’s IPO a few years back.

Mentioned below is a list of tentative IPOs going live between December 2021 and March 2022.

Companies  Tentative Size
LIC Ltd. Rs. 55,000 Crores
Oyo Hotels and Homes Rs. 8,430 Crores
Emcure Pharmaceuticals Rs. 4,500 Crores
PharmEasy Rs. 3,700 Crores
boAt Electronics Rs. 3,500 Crores
Lava International Rs. 2,400 Crores
Star Health Insurance Rs. 2,000 Crores
MobiKwik Rs. 1,900 Crores
MedPlus Rs. 1,600 crores
Penna Cement Rs. 1,550 Crores
Helthium Medtech Rs. 1,500 Crores
Wellness Forever Medicare Rs. 1,500 crores
Supriya Lifesciences Rs. 1,200 Crores
Apeejay Surrendra Park Hotels Rs. 1,000 Crores
Medi Assist Healthcare Services Rs. 850 Crores
Data Patterns Rs. 600 – 700 Crores
Seven Island Shipping Ltd. Rs. 600 Crores
Delhivery To be announced
HP Adhesives To be announced
Ola To be announced
ESDS Software Solutions Limited To be announced
Anand Rathi Financial Services Ltd. To be announced

IPOs to Expect in December 2021

Stated below is a list of firms that are planning to make their debut in Dalal Street in the month of December 2021. However, remember that this information is tentative, and it will alter as future updates come in.

Company Name IPO Size (Approx.) Tentative Date
Go Airlines Rs. 3,600 crores 8 December 2021
Emcure Pharmaceuticals Rs. 4,500 crores December 2021
Star Health and Allied Insurance Co. Ltd. Rs. 3,000 crores December 2021
Jana Small Finance Bank Rs. 2,000 crores December 2021
CMS Info Systems Rs. 2,000 crores December 2021
MobiKwik Rs. 1,900 crores December 2021
Arohan Financials Rs. 1,800 crores December 2021
Northern Arc Capital Rs. 1,800 crores December 2021
ixigo Rs. 1,600 crores December 2021
Penna Cement Rs. 1,500 crores December 2021
Utkarsh Small Finance Bank Rs. 1,350 crores December 2021
Fincare Small Finance Bank Rs. 1,330 crores December 2021
Sterlite Power Transmission Rs. 1,250 crores December 2021
RateGain Travel Technologies Rs. 1,200 crores December 2021
ESAF Small Finance Bank Ltd Rs. 998 crores December 2021
Shriram Properties Rs. 800 crores December 2021
Shri Bajrang Power and Ispat Rs. 700 crores December 2021
Studds Accessories Limited Rs. 450 crores December 2021

Go Airlines

  • One of India’s leading budget airline companies, Go Airlines, is going public with an IPO of Rs. 3,600 crores on 8 December 2021. This public issue will only contain fresh issue equity shares at face value of Rs. 10 per share.
  • Additionally, the company is also pondering an anchor investment of Rs. 1,500 crores.
  • The main objective of this public offering is to help the company to reduce its current debts and meet general corporate purposes.

Emcure Pharmaceuticals

  • Emcure Pharmaceuticals, a leading organisation in its respective field, has plans to go public with an IPO of about Rs. 4,500 crores.
  • This initial public offering will entail both new issue equity shares and an OFS. About 18 million shares will be available under an offer for sale by the company promoters and existing stakeholders. Whereas the fresh issue equity will include shares sale of about Rs. 1,100 crores.
  • The primary objective of this public offering is to repay the current debts of the company.

Star Health and Allied Insurance Co. Ltd.

  • Star Health and Allied Insurance Co. Ltd. is one of India’s leading insurance providers. They are leading the list of India’s private insurance providers with a market share of 15.8%.
  • To go public, the company has submitted a draft red herring prospectus with India’s capital market regulator Securities and Exchange Board of India. This public issue has a valuation of about Rs. 3,000 crores.
  • This initial public offering will comprise fresh issue equity shares amounting to Rs. 2,000 crores and 6 crore equity shares under the offer for sale.
  • In the last financial year, Star Health has earned a gross written premium amount of Rs. 9,438.95 crores.
  • As per its DRHP, this IPO will help the company keep its solvency levels and grow its current capital base.

Jana Small Finance Bank

  • Following its establishment in 2008, Jana Small Finance Bank has fared well in recent times. It is now one of the leading small finance banks of this country. Primarily, they operate in rural and semi-urban areas. The company’s aim is to extend financial services to the parts of India, where traditional and big names of this industry have no presence.
  • As per its DRHP, Jana Small Finance Bank’s IPO will have a valuation of Rs. 2,000 crores, comprising OFS and fresh issue. The offer for sale will have to gather Rs. 1,300 crores, and the fresh issue equity shares will generate the remaining Rs. 700 crores.
  • The financial institution plans to utilise its IPO proceedings to improve its Tier-1 capital base.

CMS Info Systems

  • CMS Info System is a well-known name in the business vertical of cash management services. It has pan-India operations and clients spread across the finance sector.
  • CMS Info System has recently filed a DRHP for an IPO of Rs. 2,000 crores with Securities and Exchange Board of India. Moreover, this IPO will only comprise an offer for sale and no fresh issue equity shares.
  • The company primarily works in the segment of picking and delivering cash and providing ATM services.

MobiKwik

  • MobiKwik has submitted its DRHP with India’s capital market regulator SEBI to go public with an IPO of Rs. 1,900 crores. This public issue will entail sales of fresh issue equity shares amounting to Rs. 1,500 crores, and the remainder will be through an offer for sale.
  • Additionally, the company has reserved 7% of its equity, which amounts to about 4.5 million shares for its employees.
  • MobiKwik is one of India’s prominent mobile wallet service providers. It extends peer-to-peer payment services using UPI. Thus, it enables users to make digital gold investments and complete various bill payments and recharges through this platform.
  • MobiKwik plans to touch the desired $1 billion valuation with this IPO.

Ruchi Soya

  • Among this IPO fest, Ruchi Soya is an exception with its follow-up public offer. The company is initiating an FPO with a valuation of about Rs. 4,300 crores.
  • The company is one of the well-known FMCG companies with brands like Nutrela, Ruchi Gold, Mahakosh, and Sunrich under its wing.
  • This move came as Patanjali’s initiative to relist Ruchi Soya’s stocks after buying the company in 2020.

Arohan Financial Services

  • Arohan Financial Services primarily operates to provide monetary support to the economically backward segment of this country. It also operates regular financial services to areas where traditional banks and NBFCs do not have a significant presence.
  • According to the DRHP filed with SEBI, the company’s initial public offering will be worth about Rs. 1,800 crores. It will have a fresh issue of equity shares amounting to Rs. 850 crores, and an OFS of 27,055,893 equity shares by current stakeholders.
  • Moreover, pre-IPO arrangements are on the cards as well, amounting to Rs. 150 crores. Also, the company plans to allocate 35% of shares for Retail Investors, 15% for Non-Institutional Investors, and 50% for Qualified Institutional Buyers. The share allocation for employees will be 5%.

Penna Cement

  • The IPO of Penna Cement as per its DRHP will be worth Rs. 1,550 crores. It will entail freshly issued equity shares amounting to Rs. 1,300 crores and offer for sale of Rs. 250 crores.
  • Penna Cement is one of the leading entities in its industry, with a yearly 10 million tonnes production capacity and has a notable presence in the Eastern and Southern parts of this country.
  • The company has recorded total revenue of Rs. 2,476 crores in FY2021, comprising an operating profit of Rs. 480 crores. Additionally, the net profit for this fiscal year was Rs. 152 crores.

Utkarsh Small Finance Bank

  • Utkarsh SFB received a go-ahead from SEBI to start its IPO proceedings in June. After the listing, this company will be the 6th financial institution to be on India’s stock market.
  • As per its draft red herring prospectus, this IPO will have a valuation of Rs. 1,350 crores. This includes an offer for sale of Rs. 600 crores and a fresh issue equity shares of Rs. 750 crores. This public issue will aid the current majority shareholder Utkarsh Coreinvest Limited to liquidate its stake in the company.
  • Proceedings from this initial public offering will aid the financial institution in expanding its Tier-I business capital.

Fincare Small Finance Bank

  • Another small finance bank on this list, Fincare SFB, is also set to hit the bourses with its upcoming IPO. The company has already filed the required documents with SEBI to initiate this process.
  • As per their DRHP, this IPO will have a valuation of about Rs. 1,330 crores, including fresh issue equity shares of Rs. 330 crores and OFS of Rs. 1,000 crores by the current company promoters.
  • Fincare SFB has a total network of 528 banking and 219 business correspondent outlets, including 108 ATM points spread across 16 states and 3 union territories.

ESAF Small Finance Bank Ltd

  • ESAF Small Finance Bank is another SFB on this list of banks going public in FY2022. Initially, the financial institution had plans to go public in early 2021, but the pandemic stopped that progress.
  • However, the bank is now under regulatory pressure. Since RBI guidelines state that any bank that crosses the Rs. 500 crore threshold needs to list its shares in a local exchange within 5 years of achieving this feat.
  • The draft red herring prospectus of the financial institution reflects that this IPO will have a valuation of Rs. 998 crores. This will include fresh issue equity shares of Rs. 800 crores, and the remaining Rs. 198 crores are through and OFS.

Shriram Properties

  • Shriram Properties, based out of Bengaluru, is one of the leading real estate development companies in this country. It has recently filed a DRHP to go public with an IPO of Rs. 800 crores. This will comprise fresh issue equity shares of Rs. 250 crores, and Rs. 550 crores in offer for sale.
  • As its lead managers, the company has appointed ICICI Securities, Nomura Financial Advisory and Securities, and Axis Capital.
  • The face value of the shares here is RS. 10 per equity share.

Shri Bajrang Power & Ispat Limited

  • Shri Bajrang Power & Ispat Limited has received the green light from the capital market regulatory body SEBI to proceed with its IPO. This IPO is likely to be worth Rs. 700 crores. This public issue will only contain 41,18,000 fresh issue equity shares at a face value of Rs. 10 per share.
  • Shri Bajrang Power & Ispat Limited is a well-known integrated steel company in this country. The company has appointed IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited, and Equirus Capital Private Limited as its lead managers.
  • It will use this IPO proceeding to repay its existing debts and meet its working capital needs.

Studds Accessories Limited

  • Leading crash helmet and accessory maker for motorcycles, Studds Accessories Limited will also go public this year.
  • According to sources close to the organisation, this IPO will be worth Rs. 98 crores, and current investors may dissociate about 3,939,000 equity shares.
  • Studds Accessories Limited accomplished an exclusive feat in 2018 by becoming the highest retailer of two-wheeler helmets internationally. In spite of the COVID-19 pandemic, the company has recorded Rs. 436.94 crores in revenue.

Upcoming IPOs in 2021

With a number of public issues in the pipeline, this fiscal year will be a busy one in Dalal Street. Here is an overview of some noteworthy public issues that will hit the stock market by the end of this fiscal year, i.e. March 2022.

LIC India Ltd.

  • India’s prominent life and general insurance company is gearing up to make its stock market debut before the end of this fiscal year. According to several reports, the LIC of India has 69% market share in India’s present insurance sector. It also has a Rs. 290 crores fund base.
  • Once announced, this public issue is likely to be the biggest one in India to date. Even though the final valuation of this IPO is not public yet, experts are predicting that it will be around Rs. 45,000 to Rs. 55,000 crores.
  • Additionally, the expected price band of this public offering is likely to be Rs. 400 to Rs. 500.
  • This disinvestment of LIC of India is a part of the Indian Government’s plan to raise Rs. 1.75 lakh crore in this fiscal year of 2021-22 by selling their stake in various organisations.

PharmEasy

  • India’s first billion-dollar medicine retail startup PharmEasy is considering an IPO of about Rs. 3,000 to Rs. 3,700 crores. The company is exploring different possibilities associated with it; hence, no final confirmation is available yet.
  • According to different sources, PharmEasy’s parent company, API Holding, has plans to list its company shares in the USA to attain better valuation.
  • Apart from these, PharmEasy created a new record in June 2020 by buying Thyrocare. This is the first non-listed company to acquire a lion share in a listed company. Thyrocare has been a popular diagnostic chain in operation for more than 20 years.

boAt Electronics

  • boAt Electronics is mainly famous for its wide range of audio equipment that includes earphones and headphones (both wired and wireless), different types of speakers, and wearables.
  • This made in India brand is now pondering the possibility of going public with an IPO of Rs. 3,500 crores. The company is in discussion with its lead managers to finalise the particulars of this public issue. Once completed, it will file a DRHP with the Securities and Exchange Board of India.
  • When and if this initial public offering successfully materialises, it will take the valuation of boAt Electronics to Rs. 11,000 crores.

Lava International

  • One of India indigenous smartphone brands, Lava International, is also pondering the possibilities of an IPO. The company is still in the preparation stage and will file its DRHP once they receive approval from its board and existing stakeholders.
  • As per reports, this initial public offering will be of about Rs. 2,400 crores, comprising an OFS and fresh issue equity shares. The face value of shares here is expected to be Rs. 5 per share.
  • Funds generated from this IPO will help Lava International to bolster its financials further and enhance its business scopes.

MedPlus

  • MedPlus Health Services is another prominent medicine and healthcare product retailer on the verge of going public. The company has already filed its draft red herring prospectus with SEBI.
  • This public issue is likely to be worth Rs. 1,600 crores, entailing an OFS of Rs. 1,000 crores and fresh issue equity shares of Rs. 600 crores.
  • MedPlus’s objective with this IPO is to meet the working capital needs of one of its subsidiaries, Optival.

Healthium Medtech

  • Moving on to a more niche segment, Healthium Medtech is this country’s 2nd largest surgical sutures and medical consumables manufacturing company.
  • Currently, Healthium Medtech is also discussing a possibility of an IPO of about Rs. 1,500 crores. This public issue will include the selling of 3.91 crore shares by current stakeholders through an OFS. It will also raise about Rs. 390 crores through fresh issue equity shares.
  • With assistance from this initial public offering, the company is planning to meet a valuation of Rs. 7,500 crores. Additionally, proceeds of this public issue will be utilised for business development.

Data Patterns

  • Data Patterns, a popular defence and aerospace component manufacturer, has filed DRHP to go public by the end of this fiscal year.
  • As per its DRHP, this IPO will have a valuation of Rs. 700 crores containing new issue equity shares of Rs. 300 crores. Additionally, the OFS will include a sale of 60.70 lakh shares by current promoters.

Seven Islands Shipping Ltd.

  • One of India’s leading seaborne shipping and crude oil carrier companies, Seven Island Shipping Limited, is also planning to go public with an IPO of about Rs. 600 crores. The company has recently received permission from SEBI for imitating the required process.
  • This IPO will include fresh issue equity shares of Rs. 400 crores and an OFS of Rs. 200 crores.
  • Seven Islands Shipping Ltd. will use the IPO funds to buy new vessels for crude oil transportation.

Delhivery

  • This financial year has witnessed a number of technology firms from different sectors going public. The latest name on that list is Delhivery, a tech-based logistics and supply chain company.
  • As per sources, the company is currently working on its DRHP and aims to go public by the end of this financial year. Additionally, this initial public offering may have a $400-500 million valuation, which will propel Delhivery’s market value to over $4 billion.
  • Recently, Delhivery achieved a new feat by becoming India’s leading logistics firm in terms of revenue. The company has crossed market veteran Blue Dart with a total income of Rs. 3,700 crores, which is about a Rs. 400 crores gap.

Anand Rathi Financial Services Ltd.

  • Anand Rathi Financial Services Ltd. is a popular NBFC of this country, extending a wider variety of financial products. Its product range comprises portfolio management services (PMS), insurance and research advisory. The company also extendsinvestment options in stocks and mutual funds.
  • As per its DRHP, the company will sell about 1.2 crores shares to raise about Rs. 800 to Rs. 900 crores.
  • BNP Paribas, IIFL Securities and Equirus Capital are the lead managers of this IPO.

Medi Assist Insurance TPA Pvt. Ltd.

  • Medi Assist Insurance TPA Pvt. Ltd. operates in a unique business tangent. The company is an administrator for insurance policies and aid insurance providers during document processing and claim settlement.
  • Once realised, Medi Assist Insurance TPA Pvt. Ltd. will be the first company to go public from this sector.
  • As per multiple reports, this public issue will consist of only OFS. It will include 2.8 crore shares from current investors and promoters.

Closed IPOs of December 2021

 

Frequently Asked Questions

  1. How to get the application forms for IPOs going live in December 2021?

You can easily get the application form for IPOs going live in December on the website of a broker or via NSE/BSE’s website. You can also download a physical copy of the same via your broker’s website. Afterwards, you can duly fill it up and submit it along with the required documents.

  1. How to calculate the total size of public issues going live in December 2021?

To calculate the total size of public issues going live in December 2021, you can simply multiply the stock’s price with its total volume and add the value of a single share.

  1. What is the process of staying up-to-date with the subscription news of IPOs going live in December 2021?

Clients of Angel One can visit our website or mobile application to review the subscription status of an IPO. They can also study company financials, the face value of shares, total issue size, lot size, price band, etc. Additionally, individuals can also learn about the SWOT analysis. Furthermore, one can refer to the IPO calendar available here for a quick overview.

  1. What is the application process for IPOs via UPI?

As per the existing guidelines, retail individual investors can take the help of UPI ID to apply for an initial public offering. Nonetheless, to make payments, one needs to like his/her bank account with a UPI ID like Google Pay, PhonePE, BHIM, and likes. After completing this step, the bank or broker will send a payment mandate to complete this transaction. Individuals can begin trading after they authorise this mandate.

  1. What is the application process for IPOs going live in October 2021?

Current customers of Angel One can take the assistance of their current Angel One account to apply for any public issue of their choice. Furthermore, they can use their UPI IDs to block their allotted IPO amount after they link it with the Angel One account. Alternatively, they can also take the help of the ASBA process extended by banks for this purpose.