In September 2022, quite a few companies decided to floor public offers. Here is our list of upcoming IPOs in September 2022.
Upcoming IPO are those IPOs which have submitted the drafts and received approval from SEBI. We have compiled a list of IPOs scheduled for September so you can make an informed choice.
Upcoming IPOs in September 2022
|Name of the Company||Issue Size in Rs. Crores (Tentative)||IPO Date (Tentative)|
|Keventer Agro||350 Cr.||Sep-22|
|Capital Small Finance Bank||450 Cr.||Sep-22|
|Sresta Natural Bioproducts||NA||Sep-22|
|Elin Electronics||760 Cr.||Sep-22|
|Droom Technology||3000 Cr.||Sep-22|
|Skanray Technologies||400 Cr.||Sep-22|
|Gemini Edibles & Fats||2,500 Cr.||Sep-22|
|API Holdings||6250 Cr.||Sep-22|
|Emcure Pharmaceuticals||1100 Cr.||Sep-22|
The company offers a comprehensive range of products across various brands and categories. In March 2021, they had more than 90 SKUs and a presence across the value chain in fresh, frozen, and ambient long-shelf life product categories.
Keventer Agro IPO consists of new issues of Rs 350 crore and one crore equity shares from existing shareholders.
Capital Small Finance Bank
Capital Small Finance Bank started as India’s first small finance bank in 2016. It is one of the leading SBFs regarding asset qualities, cost of funds, retail and CASA deposits in March 2021.
Capital Small Bank has a diversified portfolio with a sizable book value in multiple asset classes. The bank has the highest percentage of secured loans, 99 percent, among peers.
It is an offer for sale IPO.
Sresta Natural Bioproducts
The Hyderabad-based company is engaged in offering packaged organic products.
The Sresta Natural Bioproducts IPO comprises primary issues and shares from existing shareholders. The company plans to haul Rs 50 crore from the sale of fresh shares to meet the working capital requirements and repayment/prepayment of certain market borrowings.
The car dealership has set the floor to launch a Rs 762 crore IPO that will comprise both new shares and an offer for sale of equities. The net proceeds from new equities worth Rs 150 crore will be used to repay/prepay some market borrowings and for general corporate purposes.
There is no announcement regarding the dates of the IPO yet.
Tracxn Technologies provides data intelligence to start-up companies about customers and help in building seamless service for their clients. The IPO offer for Tracxn Technologies is a 100 percent offer for sale from existing stakeholders.
The final IPO dates are not announced.
The company is one of the largest app-driven cab service providers, offering mobility solutions to 250 cities across India, New Zealand, UK and Australia. The app-driven company connects customers to drivers on various vehicles like bikes, e-rickshaws, cabs, and taxis.
The approximate size of the IPO is Rs 1500 crore.
The company is a significant player in the electronics manufacturing services (EMS) segment, with a 12 percent market share in Fiscal 2021.
Elin Electronics provides end-to-end product solutions to lighting, fans and small kitchen appliance manufacturer brands. They are also one of the leaders in fractional horsepower motor manufacturing.
The IPO combines fresh shares worth Rs 175 crore and OFS equities.
They are a technology and data science company facilitating buying and selling automobiles online.
Droom Technologies is the only Indian player to offer an entirely online transactional solution and the largest selection of automobiles online among peers. They have around 1.15 million vehicles on their platform, including new and used cars, two-wheelers and other vehicles.
The IPO consists of new issues of Rs 200 crore and an offer for sale from existing shareholders.
One Mobikwik System
Mobikwik is one of the largest mobile wallets and Buy Now, Pay Later service providers. Fintech is a critical player in the domain, providing the convenience of everyday mobile transactions with the benefit of Buy Now, Pay Later.
The public issue combines primary shares and an offer for sale.
They are a leader in medical device production, engaged in designing, developing, manufacturing, and marketing. The primary issue comprises new shares worth Rs 400 crores and an offer for sale of equities from current shareholders.
Gemini Edibles and Fats
The company is involved in the manufacturing, marketing, and distributing of edible oils and fats. Gemini Edibles has recorded one of the fastest growth rates in the segment. They are a market leader in producing sunflower oil under the brand of Freedom in the states of south India.
Ixigo provides online travelling, ticket and hotel booking solutions. They assist travellers in making intelligent travel decisions leveraging artificial intelligence, machine learning, and data-science-led innovations.
The company has received approval to launch a Rs 1600 crore IPO.
They are India’s largest healthcare provider based on the gross merchandise value (GMV) in Fiscal 2021, according to a RedSeer report.
API Holdings operates in an integrated, end-to-end business that enables them to cater to each stakeholder in the healthcare value chain.
The company is one of India’s largest pharmaceutical companies involved in developing, manufacturing, and global marketing various pharmaceutical products across several major therapeutic areas.
IPOs can offer exciting investment options and allow investors to diversify their portfolios. However, before investing in any new company, due diligence and research are a must. Invest in an IPO only when you know the business and understand its merits. IPOs can be risky if invested without research.
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