India’s IPO fest is listing new companies every month, and reports from multiple sources suggest that it may cross the Rs. 100 lakh crore mark by the end of this fiscal year. The Covid-19 pandemic has significantly affected the Indian economy, but the market has remained positive afterwards. The GDP growth is rising, and Sensex and Nifty are touching new heights.
This has encouraged companies to go public and more individuals to invest. Hence, you can expect a busy November, as a handful of IPOs are on the cards.
IPOs in the Calendar Year of 2021
|IPOs in calendar year of 2021||45|
|Amount Raised Via Public Issue (Initial Public Offer + Follow-On Public Offers) in 2021||About Rs. 85,000 Crores|
|Amount Raised Only Through IPO in 2021||Around Rs. 65,000 Crores|
The total amount accumulated through IPOs so far in 2021 is staggering, and this has broken all the previous records. Additionally, other public issues from companies such as LIC, Paytm, Ola, Policybazaar, Star Health, Oyo, and many others are in the queue. Some of them are preparing their DRHP, and others are awaiting approval from SEBI.
Below is a list of firms waiting to go public between November 2021 and March 2022.
|LIC Ltd.||Rs. 55,000 Crores|
|Paytm||Rs. 18,300 Crores|
|Oyo Hotels and Homes||Rs. 8,430 Crores|
|PolicyBazaar||Rs. 5,700 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|
|Wellnes 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 November 2021
Mentioned in the table below is a list of companies that are planning to make their Dalal Street debut in November 2021. Nonetheless, keep in mind that this information is tentative and is subject to change with future updates.
|Company Name||IPO Size (Approx.)||Tentative Date|
|Paytm||Rs. 18,300 Crores||8 November 2021|
|Sapphire Foods||Rs. 2,073.25 Crores||9 November 2021|
|Latent View Analytics||Rs. 600 Crores||9 November 2021|
|Emcure Pharmaceuticals||Rs. 4,500 Crores||November 2021|
|Star Health and Allied Insurance Co. Ltd.||Rs. 3,000 crores||November 2021|
|Jana Small Finance Bank||Rs. 2,000 crores||November 2021|
|CMS Info Systems||Rs. 2,000 crores||November 2021|
|MobiKwik||Rs. 1,900 Crores||November 2021|
|Arohan Financials||Rs. 1,800 crores||November 2021|
|Northern Arc Capital||Rs. 1,800 crores||November 2021|
|ixigo||Rs. 1,600 crores||November 2021|
|Penna Cement||Rs.1,500 crores||November 2021|
|Utkarsh Small Finance Bank||Rs. 1,350 crores||November 2021|
|Fincare Small Finance Bank||Rs. 1,330 crores||November 2021|
|Sterlite Power Transmission||Rs. 1,250 crores||November 2021|
|RateGain Travel Technologies||Rs. 1,200 crores||November 2021|
|ESAF Small Finance Bank Ltd||Rs. 998 crores||November 2021|
|Shriram Properties||Rs. 800 crores||November 2021|
|Shri Bajrang Power and Ispat||Rs. 700 crores||November 2021|
|Studds Accessories Limited||Rs. 450 crores||November 2021|
- One of India’s leading digital payment providers, Paytm, is going public on 8 November. This public issue will remain open till 10 November 2021.
- This public issue will have a total valuation of Rs. 18,300 crores. When launched, this will be India’s biggest IPO to date. It will consist of an offer for sale of Rs. 10,000 crores and fresh issue equity shares of Rs. 8300 crores.
- As per reports, the price band of this IPO will be Rs. 2080 to Rs. 2150.
- Paytm will use the proceeds of this IPO to meet various corporate purposes and strengthen its business position.
- Sapphire Foods India, from the house of Yum! Brands, is launching its IPO on 9 November 2021. The public issue will close on 11 November 2021.
- This public issue will consist of an offer for sale of 17,569,941 equity shares amounting to Rs. 2,073.25 crores.
- The face value of shares here is Rs. 10 per equity share.
- Sapphire Foods will utilise the proceeds to reap the benefits of stock market listing and for marketing purposes.
Latent View Analytics
- Latent View Analytics offers services like business analytics and insights, data analytics consulting, advanced predictive analytics, digital solutions, and data engineering.
- The company will launch its IPO on 9 November 2021 and close on 11 November 2021.
- The face value of its shares is Re. 1 per share.
- Latent View Analytics will use the proceeds for inorganic growth initiatives and general corporate purposes.
- One of the leading pharmaceutical companies of India, Emcure Pharmaceuticals, is planning to make its Dalal Street debut with an IPO of Rs. 4,500 crores.
- This public offering will include new issue equity shares of Rs. 1,100 crores and OFS of about 18 million shares from its current shareholders and company promoters.
- With the proceeds from this IPO, Emcure will repay its existing debts.
Star Health and Allied Insurance Co. Ltd.
- Star Health has submitted a DRHP with capital market regulator Securities and Exchange Board of India to initiate an IPO of Rs. 3,000 crores.
- This public offering will include an OFS of about 6 crore equity shares and fresh issue equity shares of Rs. 2,000 crores.
- With the help of this public issue, Star Health plans to maintain its solvency levels and expand its current capital base.
- Star Health and Allied Insurance are leading India’s private insurance sector with a market share of 15.8%.
- In the financial year of 2021, the company has gathered a gross written premium of Rs. 9,438.95 crores.
Jana Small Finance Bank
- Established in 2008, Jana Small Finance Bank is one of the leading small finance banks of this country.
- This financial institution primarily operates in the semi-urban and rural parts of this country, playing an active role in financial inclusion.
- The initial public offering of Jana SFB is likely to be worth around Rs. 2,000 crores, of which Rs. 1,300 crores will be an OFS and Rs. 700 crores will be through fresh issue equity shares.
- Jana Small Finance Bank plans to invest the proceeds from this IPO to enhance its tier-1 capital.
CMS Info Systems
- One of the well-known cash management companies, CMS Info Systems, has filed its Draft Red Herring Prospectus of Rs. 2,000 crores to launch an IPO.
- This public offering will only comprise an offer for sale and no fresh issue.
- CMS Info Systems primarily works with different financial institutions to deliver and pick up cash and provide ATM services.
- MobiKwik is one of India’s leading mobile wallet service providers. The company has filed a DRHP with capital market regulator SEBI to launch an IPO of Rs. 1900 crores.
- This initial public offering will include a fresh issue share sale of Rs. 1500 crores, and the remaining will be an offer for sale.
- Additionally, MobiKwik has reserved 4.5 million shares, i.e. 7% of its equity for its employees.
- The company is well regarded for offering peer-to-peer payment facilities via UPIs. Hence, you can complete your bill payments, make investments in digital gold, or complete different recharges with this platform.
- MobiKwik targets to reach the coveted $1 billion valuations with this IPO.
Arohan Financial Services
- As per its DRHP, Arohan Financial Services is preparing to go public with a public issue of around Rs. 1800 crores.
- This IPO will include an OFS of 27,055,893 shares and new issue equity shares of Rs. 850 crores.
- Arohan Financials also has plans to arrange a pre-IPO allotment of Rs. 150 crores. Additionally, the financial institution also has plans to reserve 50% of its allocated shares for Qualified Institutional Buyers, 35% for Retail Investors, and 15% for Non-Institutional Investors. Similarly, they will assign 5% shares for their employees.
- Arohan Financial Services chiefly operates to extend credit to the economically backward segments and in areas where regular financial services are not readily accessible.
Northern Arc Capital
- Northern Arc Capital filed its DRHP with SEBI, and the market regulator gave it the go-ahead to float its IPO in September.
- The company’s initial public offer will comprise the issuance of fresh equity shares worth Rs. 300 crores. It will also consist of an offer for the sale of 36,520,585 shares.
- Northern Arc Capital will utilise the proceeds from this IPO to meet capital requirements in the future and augment its existing capital base.
- This NBFC is a non-deposit taking financial service provider with over 10 years of experience in its segment.
- Travel company ixigo filed its draft red herring prospectus in August to float an initial public offer of Rs. 1,600 crores.
- The company is planning to raise about Rs. 750 crores via a primary fundraising round and an offer for sale of Rs. 850 crores.
- In July 2021, the company raised Rs. 395 crores in a pre-IPO funding round.
- As of 2021, ixigo had a user base comprising more than 250 million individuals.
- The initial public offering of Penna Cement will likely have a total valuation of Rs. 1,550 crores. It will comprise an offer for sale of Rs. 250 crores and freshly issued equity shares of Rs. 1,300 crores.
- ICICI Securities, Axis Capital Limited, JM Financial, Yes Securities (India) Limited, and Edelweiss Financial Services are the lead managers of this IPO. KFin Technologies Private Limited is the registrar of this IPO.
- Penna Cement is one of the leaders in its segment in India. It has an annual production capacity of 10 million tonnes and has a strong presence in the Southern and Eastern parts of India.
- Penna Cement registered revenue of Rs. 2,476 crores in FY2021, including an operating profit of Rs. 480 crores. Moreover, the net profit for this financial year was Rs. 152 crores.
Utkarsh Small Finance Bank
- Utkarsh Small Finance Bank got a nod from the capital market regulator SEBI in June to begin its IPO proceedings. Once realised, they will be the sixth small finance bank to have a presence in India’s stock market.
- The issue size here will be around Rs. 1,350 crores, including a fresh issue of Rs. 750 crores and an offer for sale of Rs. 600 crores. Present majority shareholder Utkarsh Coreinvest Limited will divest its stake via this public offering.
- The objective of this IPO is to better the tier-I business expansion capital of this SFB.
Sterlite Power Transmission
- Sterlite Power Transmission is one of the prominent power transmission infrastructure development companies in India. They also have operations in Brazil.
- The company is now considering going public with an IPO of about Rs. 1250 crores. Also, they are considering the possibilities of a pre-IPO placement of Rs. 220 crores.
- Sterlite Power will allocate 75% of its shares for Qualified Institutional Buyers, 15% for Non-institutional Investors, and the remaining 10% for Retail Individual Investors.
- As per DRHP, the lead managers of this IPO are Axis Capital Limited, JM Financial Limited, and ICICI Securities Limited. The registrar of this IPO is KFin Technologies Private Limited.
- Sterlite Power Transmission will use proceeds from this IPO to repay the company’s debts and KTL (Khargone Transmission Limited) and meet general corporate purposes.
RateGain Travel Technologies
- RateGain Travel Tech operates in the SaaS segment providing technological assistance to the organisations operating in the tourism and hospitality sector. Besides India, they cater to clients from around the globe.
- This IPO is likely to be worth about Rs. 1,200 crores, which will include freshly issued equity shares worth Rs. 400 crores and up to 2.26 crores under OFS.
- The face value of RateGain’s shares is Rs. 1 per share.
- Post-IPO, the company has plans to invest its proceedings from the primary share sale to pay off debts accumulated by RateGain UK. Also, it will invest in technological innovation and acquiring capital equipment. This will also fund general corporate purposes.
Fincare Small Finance Bank
- Fincare Small Finance Bank, another SFB on this list, is also preparing to go public in this financial year. Moreover, they have already filed the DRHP early this year to initiate an IPO.
- This public offering is likely to have a valuation of around Rs. 1,330 crores, comprising an OFS of Rs. 1,000 crores by the company’s promoters and freshly issued equity shares of Rs. 330 crores.
- The Bengaluru-based financial institution has a network of 528 banking outlets, 108 ATMs, and 219 business correspondent outlets extending services to customers in 16 states and 3 union territories.
ESAF Small Finance Bank Ltd
- Among the small finance banks that are tentatively going public this year, ESAF Small Finance Bank Ltd is another name. The initial plan of this SFB was to go public early in 2021. However, the recent pandemic hindered its progress.
- As mentioned in the draft red herring prospectus, this IPO is likely to have a size of Rs. 998 crores, including new issue equity shares of Rs. 800 crores and the remaining is through an offer for sale. Present shareholders will liquidate their stake via this IPO.
- As per RBI’s guidelines, banks that cross the threshold of Rs. 500 crore requires to list their shares on their local exchange in five years of accomplishing this milestone. Hence, ESAF SFB is on track to go public.
- Shriram Properties has filed its DRHP to go public with capital market watchdog SEBI. This initial public offering is likely to have a valuation of around Rs. 800 crores. It will include fresh issue equity shares of Rs. 250 crores, and Rs. 550 crores in offer for sale.
- The face value of Shriram Properties shares is Rs. 10 per share.
- This Bengaluru-based real estate company has selected Axis Capital, ICICI Securities, and Nomura Financial Advisory and Securities as the lead managers of this public issue.
Shri Bajrang Power & Ispat Limited
- Shri Bajrang Power & Ispat Limited is a leading integrated steel company in India. They have received a go-ahead from SEBI to begin its IPO process. This IPO is likely to have a valuation of Rs. 700 crores.
- Shri Bajrang Power & Ispat Limited IPO will list 41,18,000 freshly issued equity shares with a face value of Rs. 10 per share.
- The company will utilise this IPO proceeding to pay its current liabilities and meet its working capital requirements.
- SBI Capital Markets Limited, Equirus Capital Private Limited and IDBI Capital Markets & Securities Limited are the investment bankers for this public issue. Additionally, Link Intime India Private Limited has been appointed as the registrar.
Studds Accessories Limited
- Motorcycle helmets and accessory manufacturer Studds Accessories Limited is planning to mark its Dalal Street debut by FY2022.
- As per sources close to the company, this IPO is expected to have a valuation of around Rs. 98 crores. Also, current investors are likely to divest around 3,939,000 equity shares.
- Studds Accessories Limited attained an exclusive feat in 2018 by becoming the highest seller of two-wheeler helmets globally. Besides, some reports mention that Studds has doubled its investor’s wealth in the grey market since March 2020. Despite the Covid-19 pandemic, the company has registered Rs. 436.94 crores in revenue.
Upcoming IPOs in 2021
With several IPOs in the pipeline, this financial year will be a busy one in Dalal Street. Here is an outline of some prominent public issues that may hit the bourses by the end of this fiscal year, i.e. March 2022.
LIC India Ltd.
- India’s leading life and the general insurance company is preparing to make its stock market debut before the culmination of this financial year.
- According to reports, the Life Insurance Corporation of India has about 69% market share in India’s current insurance sector. Moreover, the insurance behemoth has a fund base of about Rs. 290 crores.
- Once live, this public issue will be the biggest one to date in India. Although the actual valuation of this public issue is not public yet, it is believed to be worth around Rs. 45,000-Rs. 55,000 crores.
- The price band of this public offering is likely to be in the range of Rs. 400 and Rs. 500.
- This public issue is a part of the Indian Government’s disinvestment plans, which aims to gather Rs. 1.75 lakh crore, in this fiscal year of 2021-22.
- One97 Communications, the parent company of digital payments giant Paytm, is on course to launch an IPO of about Rs. 16,000 crores. Paytm hopes that this IPO will increase its market valuation to $25 billion.
- In recent times, Paytm’s share prices in the grey market have been around Rs. 2,500, pushing its final valuation to $19 billion.
- This initial public offering will comprise both OFS and a fresh issue of Rs. 8300 each.
- If Paytm stick with their IPO valuation, it will be one of the largest public offerings in India. Additionally, it will eclipse the IPO of Coal India that was Rs. 15,475 crores and finished in 2010.
- PharmEasy is India’s 1st billion-dollar retail medicine startup. The company is currently pondering the possibility to launch an IPO of around Rs. 3,000 – Rs. 3,700 crores.
- As per multiple sources, PharmEasy’s parent company, which is API Holding, is planning to list company shares in the USA to secure a better valuation.
- Additionally, PharmEasy made a historic move in June 2020 by acquiring Thyrocare. The startup became the first non-listed company to acquire a majority stake in a listed firm. Thyrocare is a well-known diagnostics chain, and they have been in operation for 25 years.
- Consumer electronics producer boAt is preparing to file a DRHP with India’s Securities and Exchange Board for a public issue of about Rs. 3500 crores.
- The firm is in talks with its lead managers to finalise the particulars of this move.
- Once initiated, this public offering will put the valuation of boAt Electronics approximately at Rs. 11,000 crores.
- The home-grown mobile phone company Lava International is planning to launch an initial public offer of Rs. 2,400 crores.
- As per sources, Lava International will submit DRHP once they receive approval from their board and current shareholders.
- This public offering is likely to include fresh issue equity shares and an OFS. Also, the face value of shares in this IPO is Rs. 5 per share.
- With this public issue, Lava International plans to strengthen the company’s financials and improve its scope of business.
- Another noticeable medicine retailer of India, MedPlus Health Services, has filed a draft prospectus with SEBI.
- This MedPlus public issue is likely to be worth about Rs. 1600 crores. It will comprise an OFS of around Rs. 1,000 crores, and freshly issued equity shares of about Rs. 600 crores.
- With the proceeds from this IPO, MedPlus plans to meet the working capital requirements of its subsidiaries, Optival.
- Besides medical equipment and medicine, MedPlus also retails FMCG products.
- India’s second-largest medical consumable and surgical sutures manufacturing company, Helthium Medtech, is also in consideration to launch an IPO.
- This public offering is likely to have a valuation of Rs. 1,500 crores. Resultantly the valuation of the company may reach Rs. 7,500 crores.
- This initial public offering will involve new issue equity shares of about Rs. 390 crores and an offer for sale of around 3.91 crores by its present investors.
- Proceeding from this IPO will be used across the board for business development.
- Renowned defence and aerospace component supplier Data Pattern has filed a DRHP with India’s Securities and Exchange Board to go public.
- As per official documents, Data Patterns IPO is expected to be worth Rs. 600 – 700 crores.
- Besides, it will contain new issue shares of Rs. 300 crores and an offer for sale of 60.70 lakh shares by existing stakeholders.
Seven Islands Shipping Ltd.
- Seven Island Shipping Limited is a seaborne logistic company and crude oil carrier, and it is India’s 3rd largest.
- The company has ultimately received a green light from the capital market regulatory body SEBI to launch its IPO.
- This public offering is likely to have a valuation of Rs. 600 crores. It will also include an offer for sale of Rs. 200 crores and freshly issued equity shares of Rs. 400 crores.
- Seven Island Shipping Limited will utilise the IPO proceedings to purchase new vessels for crude oil transportation.
- Delhivery has recently become India’s primary supply chain and logistics firm in terms of revenue. The company has surpassed segment leader Blue Dart with an aggregate income of Rs. 3,700 crores, which is around Rs. 400 crores higher than Delhivery.
- The firm is now working on formulating its DRHP. It has plans to hit the bourses by the end of this financial year.
- This public offer is likely to have a $400-500 million valuation, pushing the company’s total market valuation to cross the $4 billion mark.
Anand Rathi Financial Services Ltd
- Anand Rathi Financial Services Ltd is a well-known NBFC provider in India. The company’s product portfolio contains PMS or portfolio management services, research advisory, and stocks. They also provide investment options in insurance policies and mutual funds.
- Anand Rathi Financial Services Limited has submitted its draft papers with SEBI; however, no further details are currently available.
- As per sources close to the firm, around 1.2 crore shares will be available for subscription.
Medi Assist Insurance TPA Pvt. Ltd.
- Medi Assist is an insurance policy administrator that aids insurance companies in claim settlement and documents processing.
- Following its stock market introduction, Medi Assists will be the first TPA to do so.
- According to various reports, this IPO is likely to be an OFS only, including an expected 2.8 crore shares from existing promoters and investors of the company.
Upcoming IPO in October 2021 FAQs
- How can I get the application forms for public issues going live in November 2021?
Application forms for public offerings going live in November are readily available on the broker’s website besides the website of NSE/BSE. You can also get a physical copy of the same by downloading it from your broker’s website. Afterwards, you can fill it and submit it along with the required papers.
- How to calculate the total IPO size for November 2021?
To learn about the total IPO size for November, you can just multiply the price of every stock with the total number of remaining stocks and then add the value of one share.
- How to remain conversant with the subscription news of IPOs in November 2021?
Customers of Angel One can visit our mobile app or website to check an IPO and its subscription particulars. They can also learn about its company financials, issue size, face value, price band, lot size, along with SWOT analysis. Additionally, go to our IPO calendar for a quick overview of the same.
- How to apply for IPOs using UPI?
According to the current guidelines, retail investors can take the assistance of UPI ID to apply for a public issue. However, to make payments, you need to link your bank account with your UPI handle, such as BHIM, PhonePe, Google Pay, etc. After this, your bank or broker will send a payment mandate to sanction this transaction. You can then start trading after you authorise this mandate.
- What is the process of applying for IPOs in October 2021?
Existing clients of Angel One can take help of their Angel One account through our website or mobile application to apply for any public issue. They can also utilise a UPI ID to freeze their allocated amount once they link their UPI IDs with their Angel One account. On the other hand, one can also take the support of the ASBA process to freeze the necessary amount for any future IPO.