The calendar year of 2021 has been a landmark year for India’s share market as the record number of companies went public. The count stopped at 63, and the total amount gathered in this process was Rs. 1.18 lakh crores. The prediction for 2022 is not far from this metric, and experts believe a similar run this year. The reason behind it is that several companies have filed DRHP with SEBI last year and are waiting to go public this year.
The first two months, i.e., January and February have been comparatively slow, but the month of March holds promise. As the financial year draws curtains, firms will be keen to list their names on Dalal Street as they start the new fiscal year.
Following is a list of tentative public issues that can go live in March 2022.
Upcoming IPOs in March 2022
Several companies filed their draft papers with market regulator SEBI last year and are waiting to go public in 2022. Following is a tentative list of new IPOs in March 2022.
|Name of the Company||Size of IPO (Approx.)||Expected IPO Date|
|Ruchi Soya||Rs. 4,300 crores||24 March 2022|
|Veranda Learning Solutions Pvt. Ltd.||Rs. 200 crores||29 March 2022|
|LIC India Ltd.||Rs. 70,000 crores||March 2022|
|Oyo IPO||Rs. 8,430 crores||March 2022|
|Delhivery||Rs. 7,460 crores||March 2022|
|Ola IPO||Rs. 7,300 crores||March 2022|
|PharmEasy||Rs. 6,250 crores||March 2022|
|Bajaj Energy Ltd.||Rs. 5,450 crores||March 2022|
|Emcure Pharmaceuticals||Rs. 4,500 crores||March 2022|
|Go Airlines||Rs. 3,600 crores||March 2022|
|boAt Electronics IPO||Rs. 3,500 crores||March 2022|
|Jana Small Finance Bank||Rs. 2,000 crores||March 2022|
|Droom Technology Limited IPO||Rs. 2,000 crores||March 2022|
|MobiKwik||Rs. 1,900 crores||March 2022|
|Arohan Financial Services||Rs. 1,800 crores||March 2022|
|Northern Arc Capital||Rs. 1,800 crores||March 2022|
|ixigo||Rs. 1,600 crores||March 2022|
|Penna Cement||Rs. 1,500 crores||March 2022|
|Utkarsh Small Finance Bank||Rs. 1,350 crores||March 2022|
|Fincare Small Finance Bank||Rs. 1,330 crores||March 2022|
|Paradeep Phosphates||Rs. 1,255 crores||March 2022|
|Sterlite Power Transmission||Rs. 1,250 crores||March 2022|
|ESAF Small Finance Bank Ltd.||Rs. 998 crores||March 2022|
|Studds IPO||Rs. 450 crores||March 2022|
- Ruchi Soya
Ruchi Soya Industries was founded in 1986 and is now the largest edible oil manufacturer in India. This company later became a part of the Patanjali Group when Patanjali Ayurved acquired it in 2019.
It operates in various verticals such as edible oil and its by-products, honey, oil palm plantation, Textured Soya Protein, biscuits and rusks, Nutraceuticals, Oleochemicals, atta, noodles cookies, breakfast cereals and renewable wind energy. This company also owns Nutrela which specialises in soya products.
Ruchi Soya is set to float its FPO amounting to Rs. 4,300 crores on 24 March 2022.
- Veranda Learning Solutions Pvt. Ltd.
Veranda Learning Solutions Pvt. Ltd. is a learning platform offering its students online and offline modes of obtaining an education. This company assists students in pursuing their careers through courses like chartered accountancy, banking, UPSC, and other government exams.
The public issue of Veranda Learning Solutions Pvt. Ltd. includes only a fresh issue of equity shares amounting to Rs. 200 crores. This IPO will be open for subscription from 29 March 2022 to 31 March 2022.
LIC India Limited
The most awaited IPO in the recent history of the Indian share market is finally going live. The timetable is not out yet, but experts expect this IPO to open for subscription in the second week of March. The GOI plans to raise around Rs. 70,000 – 75,000 crores through this IPO. Click here for more details of LIC IPO. Apply now for LIC IPO. Click here to Know more.
OYO Hotels and Homes
One of India’s leading hospitality start-ups, OYO Hotels and Homes, is planning to raise around Rs. 8,430 crores. In this IPO, there will be a fresh issue of equity shares amounting to Rs. 7,000 crores and the remaining Rs. 1,430 crores will be via OFS.
Delhivery, the new-age logistics company, is also planning to go public with an IPO of Rs. 7,460 crores. This public issue will comprise an OFS of Rs. 2,460 crores and a freshly issued equity share sale of Rs. 5,000 crores.
Ola, the indigenous cab service provider, plans to go public as well. This company aims to raise around Rs. 7,300 crores through this IPO. The finer details of this public issue are yet to be announced.
One of India’s leading health-tech platforms, PharmEasy, also plans to raise around 6,250 crores through its initial public offering. However, the company has not announced its IPO timetable yet.
Bajaj Energy Ltd.
Bajaj Energy Ltd., one of India’s leading thermal generation companies, is planning to raise Rs. 5,450 crores via this public offering. It will be a combination of freshly issued equity shares of Rs. 5,150 crores and an offer for sale of Rs. 300 crores.
Emcure Pharmaceuticals, a leading pharmaceutical brand in India, plans to go public with an IPO of Rs. 4,500 crores. It will include an OFS of about 18 million shares and freshly issued equity shares amounting to Rs. 1,100 crores.
One of India’s prominent budget airline companies, Go Airlines, also plans to float its IPO of Rs. 3,600 crores. This initial public offering will only comprise a fresh issue of equity shares.
Another start-up on this list, boAt Electronics, plans to raise around Rs. 2,000 crores through its IPO. This will include an OFS of Rs. 1,100 crores and a fresh issue of equity shares amounting to Rs. 900 crores.
Jana Small Finance Bank
This prominent small finance bank of India plans to raise Rs. 2,000 crores through an IPO. It will include an offer for sale of Rs. 1,300 crores as well as freshly issued equity shares amounting to Rs. 700 crores.
Droom Technology Limited
Droom, an online marketplace for automobiles, plans to make its Dalal Street debut as well. It has filed its DRHP with SEBI to raise Rs. 3,000 crores through an IPO. This public issue will include a fresh issuance of equity shares amounting to Rs. 2,000 crores and an OFS of Rs. 1,000 crores.
MobiKwik, one of India’s leading mobile wallet service providers, is also gearing up to float its IPO of Rs. 1,900 crores. It will consist of freshly issued equity shares amounting to Rs. 1,500 crores and an OFS of Rs. 400 crores.
Arohan Financial Services
This Kolkata-based financial service provider plans to float an IPO of around Rs. 1,800 crores. It will include an OFS of 2.7 crore equity shares and fresh issuance of equity shares amounting to Rs. 850 crores.
Northern Arc Capital
Based out of Chennai, Northern Arc Capital, too, plans to go public with an IPO that comprises an OFS of 3,65,20,585 shares and freshly issued equity shares of Rs. 300 crores.
Online travel booking aggregator ixigo is on track to launch its IPO of around Rs. 1,600 crores. In this public offering, the fresh issue section will be of Rs. 750 crores and the remaining Rs. 850 crores will come via an OFS.
Hyderabad-based Penna Cement, too, is in the process of floating an IPO with an issue size of around Rs. 1,300 crores. The company will use the proceeds from this IPO for debt repayment and meeting its capital needs.
Utkarsh Small Finance Bank
Another small finance bank, Utkarsh Small Finance Bank, plans to raise around Rs. 1,350 crores. It will include freshly issued equity shares of Rs. 750 crores and an OFS of Rs. 600 crores.
Fincare Small Finance Bank
Fincare Small Finance Bank is another SFB on this list, planning to float its IPO worth Rs. 1,330 crores. It will comprise an OFS of Rs. 1,000 crores and a fresh issue of equity shares amounting to Rs. 330 crores.
Paradeep Phosphates, one of India’s leading fertiliser manufacturing companies, plans to float an IPO of Rs. 1,255 crores. Zuari Agro and the Indian Government, two of its major investors, will divest their stake in this company through this public issue as per its draft papers.
Sterlite Power Transmission
This company is looking to raise around Rs. 1,250 crores through an initial share sale. There will only be a fresh issuance of equity shares in this IPO, and the face value of each share will be Rs. 2 per share.
ESAF Small Finance Bank Ltd.
ESAF Small Finance Bank is also planning to float an IPO worth Rs. 998 crores, in which there will be an OFS of Rs. 198 crores alongside a fresh issuance of equity shares amounting to Rs. 800 crores.
Shri Bajrang Power and Ispat
Shri Bajrang Power and Ispat, one of India’s leading integrated steel companies, plans to float its IPO too. This Rs. 700 crores public offering will primarily be a fresh issue of 41,18,000 equity shares.
Studds Accessories Ltd.
This company plans to float its IPO of around Rs. 450 crores, which will consist of a fresh issue of equity shares amounting to Rs. 98 crores. The remaining will be completed through an offer for sale of 39,39,000 shares by its existing shareholders and promoters.
Please note that this IPO calendar of March 2022 is an indicative one. Hence, one must expect changes in this list as the month progresses.
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Frequently Asked Questions
When was LIC founded?
LIC was founded in 1956.
When will the IPO of Bajaj Energy Ltd. open for subscription?
Bajaj Energy Ltd. has not yet revealed its IPO timetable.
What is the price band of ixigo’s IPO?
Ixigo has not yet announced the price band of its public issue.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.
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