Upcoming IPOs in India 2022
2021 has been an excellent year for public offerings in India. The market witnessed a record number of businesses getting listed in 2021. This has been possible due to the pro-business policies of the government along with rapid digitisation. There has also been a steady increase in participating investors.
Experts suggest that 2022 is also set to see a similar momentum in the IPO segment. Let’s take a look at some of the upcoming IPOs that investors are looking forward to.
Upcoming IPOs in 2022
Several unicorn companies and tech start-ups are expecting to go public next year. The following shows the upcoming IPO list 2022:
|Name of the Company||Issue Size in Rs. Crores (Tentative)||IPO Date (Tentative)|
|Electronics Mart India IPO||500||4 - 7 Oct 2022|
|Utkarsh Small Finance Bank||1,350||2022|
|Fincare Small Finance Bank||1,330||2022|
|Seven Islands Shipping||600||2022|
|SAMHI Hotels||1,800 - 2,000||2022|
|Apeejay Surrendra Park Hotel||1,000||2022|
|Gemini Edibles and Fats||2,500||2022|
|ESAF Small Finance Bank||998||2022|
|Medi Assist Insurance TPA Pvt. Ltd.||800||2022|
|Inspira Enterprise India Ltd.||800||2022|
|Fusion Microfinance||600 + OFS||2022|
|Shri Bajrang Power and Ispat Ltd||700||2022|
|Hinduja Leyland Finance||500||2022|
|VLCC Healthcare||300 + OFS||2022|
|Annai Infra Developers||200 - 250||2022|
|Popular Vehicles and Services||150 + OFS||2022|
|Tamilnad Mercantile Bank||1,000||2022|
|Tracxn Tech||Entirely OFS||2022|
|HDB Financial||To be updated||2022|
|Century Metal Recycling||To be updated||2022|
|Aakash Educations||To be updated||2022|
|boAt||To be updated||2022|
|OYO Rooms||7,000 + OFS||2022|
|Droom||2,000 + OFS||2022|
|Ecom Express||To be updated||2022|
|Navi||To be updated||2022|
|ESDS Software Solutions Limited||To be updated||2022|
|Snapdeal||1,250 + OFS||2022|
|Capillary Technologies||To be updated||2022|
|Ola||To be updated||2022|
|BYJU’s||To be updated||2022|
|Swiggy||To be updated||2022|
|Fabindia||To be updated||2022|
|Joyalukkas India||To be updated||2022|
|Senco Gold||To be updated||2022|
|Kids Clinic India Ltd||To be updated||2022|
|Ebixcash||To be updated||2022|
|Yatharth Hospitals||To be updated||2022|
|Vikram Solar Ltd||To be updated||2022|
|Aadhar Housing Finance||To be updated||2022|
|Capital Small Finance Bank Ltd||To be updated||2022|
|Kfin Technologies||To be updated||2022|
|Lava International Ltd||To be updated||2022|
|Cogent eService Ltd||To be updated||2022|
|TVS Supply Chain Solutions Ltd||To be updated||2022|
|Macleods Pharmaceuticals Ltd||To be updated||2022|
|Northern Arc Capital Ltd||To be updated||2022|
|Veeda Clinical Research Ltd||To be updated||2022|
|Puranik Builder Ltd||To be updated||2022|
|Imagine Marketing Ltd IPO||To be updated||2022|
|Sahajanand Medical Technologies Ltd||To be updated||2022|
|Healthium Medtech||To be updated||2022|
|Asianet Satellite Communication Ltd||To be updated||2022|
|BVG India Ltd||To be updated||2022|
|Waaree Energies||To be updated||2022|
|Landmark Cars Ltd||To be updated||2022|
|Plaza Wires Ltd||To be updated||2022|
|Popular Vehicles Services Ltd||To be updated||2022|
|Maini Precision Products Ltd||To be updated||2022|
|Godavari Biorefineries Ltd||To be updated||2022|
|Fedbank Financial Services Ltd||To be updated||2022|
|Bharat FIH Ltd||To be updated||2022|
|*The issue size and issue dates will vary.|
India’s popular budget airline Go Airlines aims to rake up Rs. 3,600 crores through its IPO. The face value of each share will stand at Rs. 10.
Go Airlines has filed papers with SEBI for its initial public offering.
Arohan Financial is involved with providing microfinancing solutions to the unbanked section of the population. It has filed its DRHP for Rs. 1,800 crores with the market regulator. This would include Rs. 850 crores through fresh equity shares. The remaining would include secondary components of 2,70,55,893 shares.
Leading digital payment platform, MobiKwik, has filed for its IPO in July 2021. MobiKwik IPO would be a combination of fresh equity share issue of Rs. 1,500 crores along with an offer for sale by selected promoters and shareholders worth Rs. 400 crores.
The platform currently offers its services to 3 million retailers and more than 120 million customers across the country.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is one of the small finance banks in India that has been expanding at a rapid rate. It has filed papers for its Rs. 1,350 crores IPO with the market regulator.
This IPO would include primary issues of Rs. 750 crores along with an offer for sale amounting to Rs. 650 crores.
Travel booking platform ixigo is looking to take the IPO route and raise Rs. 750 crores through initial fundraising. It also seeks to collect Rs. 850 crores with an offer for sale. Two of its existing investors, Elevation Capital and Micromax, would be exiting partially through ixigo’s Rs. 1,600 crores IPO.
Leading cement manufacturer Penna Cement is planning to raise Rs. 1,550 crores through its initial public offering. This IPO would be a combination of a fresh share issue of Rs. 1,300 crores with an OFS worth Rs. 250 crores. It has already received SEBI’s approval for its IPO launch.
Penna Cement has a strong presence in Eastern and Southern India and comes with an annual manufacturing capacity of about 10 million tonnes.
Keventer Agro is one of the popular food and beverage companies in Eastern India. It is a part of the Keventer Group. It is looking to float an IPO to raise Rs. 800 crores.
The company’s valuation is set to touch Rs. 2,500 crores after the public offering.
Founded in 2009, Sterlite Power Transmission has 25 sold as well as ongoing projects with 13,700 circuit kilometres. The company has already filed DRHP for its public offering, through which it aims to raise Rs. 1,250 crores.
Sterlite will also hold pre-IPO fundraising for shares worth Rs. 200 crores.
Fincare Small Finance Bank
Fincare Small Finance Bank has filed for its IPO back in May 2021. This IPO is going to be a combination of fresh share issuance of Rs. 330 crores and an offer for sale of shares amounting to Rs. 1,000 crores.
Fincare Small Finance Bank had the highest growth rate in the country among all small financing entities between FY18 and FY20.
Seven Islands Shipping
Seven Islands Shipping Limited is the second-largest seaborne logistics company involved with the transportation of gas, crude oil and petrochemical products. The company intends to raise to Rs. 600 crores through this IPO.
Seven Islands Shipping Limited’s public offering will be a combination of Rs. 400 crores worth fresh share issue and an OFS by existing shareholders.
API Holdings, the parent company of India’s leading digital healthcare platform PharmEasy, has filed for its IPO with market regulator SEBI in November 2021. PharmEasy IPO will have an issue size of Rs. 6,250 crores. This will be an entirely fresh share issue. No shareholder or investor will be selling off their stake in the company through this IPO.
Gurugram-based SAMHI Hotels manages 27 luxury hotels in 12 cities, including Marriott and Hyatt hotels. SAMHI Hotels IPO would have an issue size ranging between Rs. 1,800 to Rs. 2,000. This IPO is a combination of fresh share issuance worth Rs. 1,100 and offer for sale of 1,91,45,624 shares.
Bajaj Energy is one of the major private players involved with thermal power generation. It has a gross capacity of 24,330 MW. The company intends to raise Rs. 5,450 crores through this IPO.
Bajaj Energy IPO will consist of a fresh issue share of Rs. 5,150 crores with an offer for sale of shares worth Rs. 300 shares.
Apeejay Surrendra Park Hotel
Apeejay Surrendra Park Hotel wishes to raise Rs. 1,000 through its IPO. The hotel chain has already filed its DRHP with the market regulator. This IPO will comprise a fresh share issue of Rs. 400 crores and an offer for sale for shares worth Rs. 600 crores.
Gemini Edibles and Fats
One of the leading manufacturers of sunflower oil, Gemini Edibles will be raising Rs. 2,500 crores via its public offering. It will be entirely an offer for sale, and the company will not get any proceed from its public offering.
Golden Agri International Enterprises is one of the major investors that would be divesting shares worth Rs. 750 crores.
ESAF Small Finance Bank
Launched in 2016, ESAF Small Finance Bank is one of the newest members in small finance fields. However, it has registered impressive growth in the past 4 years, with over 400 branches all over India.
ESAF Small Finance IPO of Rs. 998 crores will have Rs. 800 crores worth primary issue. The rest will be an OFS by major investors like PNB Metlife and Bajaj Allianz.
Medi Assist Insurance TPA Pvt. Ltd.
Medi Assist Insurance TPA Pvt. Ltd. IPO will be entirely an offer for sale of around 2.8 million shares. It is the largest third-party insurance administrator on the basis of revenue, with a vast network of over 11,000 hospitals in 722 towns and cities of the country.
Inspira Enterprise India Ltd.
Cybersecurity firm Inspira Enterprise India Ltd. has filed its DRHP with SEBI for its Rs. 800 crores public offering. This IPO will be a combination of a fresh share issue of Rs. 300 crore and an OFS of shares worth Rs. 500 crores by its shareholders and investors.
Muthoot Microfin is a leading microfinancing player providing micro-loans to women across rural areas of the country. This Rs. 800 crores IPO will be a combination of the fresh share issue and offer for sale.
Fusion Microfinance is one of the top lenders in the microfinancing sector. It has submitted papers with SEBI for its IPO which will include a fresh share issue of Rs. 600 crores and an OFS of 2,19,64,841 shares by its promoters and shareholders.
Chemspec Chemicals is a popular manufacturer of critical additives that are used in the FMCG sector. It has filed for a Rs. 700 crores public offering, which would be entirely an offer for sale.
Chemspec plans to use the proceeds for brand development and increased visibility.
Shri Bajrang Power and Ispat Ltd
Leading steelmaker Shri Bajrang Power and Ispat Ltd. has filed for its Rs. 700 crores IPO with SEBI. This IPO will be a fresh issue of 41,18,000 equity shares at a face value of Rs. 10 for each share. The company aims to use the proceeds for paying off current debts and fund its working capital requirement.
Hinduja Leyland and Finance
Hinduja Leyland and Finance, the financial arm of automobile manufacturer Ashok Leyland, will be raising around Rs. 700 crores through its IPO. This IPO will consist of a fresh share issue worth Rs. 500 crores along with an offer for sale by Everstone Capital.
VLCC Health Care
VLCC Health Care is one of the most popular wellness and beauty brands in India. It has filed its DRHP with the market regulator in September 2021 for its IPO. This IPO will consist of a fresh share issue of Rs. 300 crores with an offer for sale by existing shareholders and promoters.
The company aims to utilise the proceeds from its public offering to build new wellness centres across India and the Gulf region.
Studds Accessories is the largest manufacturer of helmets and two-wheeler accessories in India. The Haryana-based company will opt for a Rs. 450 crores IPO that would include fresh issue share of Rs. 98 crores and an OFS of around 39.39 lakhs shares by company shareholders and promoters.
Harsha Engineers is the largest manufacturer of bearing cages with around 50% market share in India. It also accounts for roughly 5-6% of the market share in the organised segment of steel, brass and polyamide bearing cages in terms of market revenue.
The IPO would be a combination of freshly issued shares worth Rs. 370 crores along with an offer for sale of 13,25,000 shares.
ESDS Software Solutions Limited
Nashik-based firm ESDS Software Solutions Limited offers cloud services to private and governmental organisations. It has filed papers for its IPO to the market regulator. ESDS Software IPO will include a fresh share issue of Rs. 322 crores. There will also be an OFS of about 2.15 crores shares.
Annai Infra Developers
Annai Infra Developers deals with irrigation and water management projects. It has also taken the IPO route to raise around Rs. 200-250 crores. The face value of each share stands at Rs. 10.
Popular Vehicles and Services
One of the leading automobile dealers in India, Popular Vehicles and Services, will be floating its IPO in the upcoming year. Popular Vehicles and Services deals with vehicle dealerships of brands like Suzuki, Tata Motors, Honda and JLR.
This IPO will consist of a fresh issue of shares amounting to Rs. 150 crores with an OFS of 42,66,666 equity shares. It will use the proceeds to pay off working capital loans and meet general corporate expenses.
Narmada Bio-chem is involved with the manufacturing of organic and chemical fertilisers. It has a wide network of 750 distributors in 10 states. The IPO will come with an issue size of 72,00,000 shares, out of which there would be a fresh issue of 54,00,000 shares and OFS of 18,00,000.
The face value of Narmada Bio-chem IPO stands at Rs. 10 per share.
Tamilnad Mercantile Bank
Established as Nadar Bank in 1921, Tamilnad Mercantile Bank is one of the oldest private sector banks in the country. The Rs. 1,000 crores of TMB will issue around 15.83 million fresh shares with an offer for sale of 12,505 shares.
SaaS-based firm Tracxn Technologies has received SEBI’s approval to proceed with its public offering. This IPO will be completely an offer for sale of 3.86 crores shares by its shareholders and promoters.
The NBFC arm of HDFC Bank will float its IPO in the upcoming year. The issue size is not yet decided. HDB Financial enjoys a solid valuation due to its backing from one of the largest private lenders of the country, HDFC Bank.
Century Metal Recycling
Century Metal Recycling has filed its DRHP for a public offering with the market regulator. It is the largest recycling firm in the aluminium recycling market of India. CMR is also the biggest manufacturer of aluminium and zinc die-cast alloys with an annual production capacity of 2,18,000 metric tonnes.
Aakash Educational Services
Aakash Educational Services offers test preparation services to students appearing for 12th standard exams and several competitive examinations held across the country.
This company also offers foundational courses for students of classes 8 and 10. As of 2018, Aakash had over 170 centres across 130 cities and towns of the country.
Founded in 2013, OYO Rooms is a leading digital platform offering hospitality services. The company has filed DRHP for Rs. 8,430 crores IPO, which would be a combination of Rs. 7,000 crores freshly issued shares and an offer for sale of Rs. 1,430 crores by its existing investors and shareholders.
Online automobile marketplace Droom is also planning to take the IPO route in 2022. It has filed papers with SEBI for Rs. 3,000 crores offering. This will include a fresh share issue of Rs. 2,000 crores with an OFS of around Rs. 1,000 crores.
The proceeds will be used for a variety of expenses, including organic and inorganic growth initiatives, general corporate expenses and more.
Founded in 2012, Ecom Express is another major logistics company planning to go public. The company offers end-to-end logistical services while facilitating first-mile pick-up, network optimisation, last-mile delivery and more. It has not yet filed any papers for its IPO.
Founded by Sachin Bansal and Ankit Agarwal, Navi deals with lending, microfinance, health insurance, and mutual funds. Navi has already initiated the process of its public offering. It will possibly file its DRHP in the first quarter of the next year.
Snapdeal is one of the top e-commerce platforms in India. This e-commerce giant will be issuing fresh shares worth Rs. 1,250 crores with its IPO along with an offer for sale of shares by some of Snapdeal’s current shareholders and investors.
Capillary Technologies is a popular Bangalore-based firm offering commerce solutions and omnichannel engagements. It has planned to get listed within the second quarter of 2022. The issue size and other details are not available as of now.
Ola is another major Indian tech start-up that will be launching its public offering in 2022. Although not finalised, various reports suggest that Ola IPO would come with an issue size of Rs. 15,000 crores. If all goes according to plans, the company will launch its IPO within the first half of 2022.
It has recently wrapped up its pre-IPO funding round.
Edtech giant BYJU’s, which was founded in 2012, has entered the unicorn club in 2018. BYJU’s is in the process of launching its public offering. Reports suggest that the public offering would help the company to fetch $40- $45 billion.
Online food delivery platform Swiggy is also on the list of upcoming IPOs in 2022. The food delivery giant is presently focused on developing its grocery delivery platform Instamart. It is expected to launch its IPO by the end of 2022.
Recent IPOs in 2022
Rs. 165.35 Crores
Rs. 310 To Rs. 326
Rs. 5,235 Crores
Rs. 462 To 487
Rs. 21000 Crores
Rs. 902 To Rs. 949
Rs. 1,580 Crores
Rs. 516 To Rs. ₹542
Rs. 1,400 Crores
Rs. 278 - Rs. 292
Rs. 130 Crores
Rs. 144 to Rs. 153
Rs. 200 Crores
Rs. 130 to Rs. 137
Rs. 60 Crores
Rs. 65 to Rs. 68
Rs. 4300 Crores
Rs. 615 To Rs. 650
Rs. 3149 Crores
Rs. 824 To Rs. 866
Rs. 3600 Crores
Rs. 218 To Rs. 230
Rs. 680 Crores
Rs. 166 - Rs. 175
Venus Pipes & Tubes Limited IPO
Venus Pipes & Tubes IPO is a launched its IPO of 5,074,100 equity shares with the face value of ₹10, a price band at ₹310 to ₹326 per equity share to aggregate up to ₹165.42 Crores on 11th May 2022. Venus Pipes & Tubes Limited is a stainless steel pipe and tube producer and exporter. Stainless steel tube products are manufactured in two broad categories: seamless tubes/pipes and welded tubes/pipes, with five product categories: stainless steel high precision and heat exchanger tubes, stainless steel welded pipes, and stainless steel box pipes. The Venus Pipes & Tubes IPO is subscribed 16.31 times. The public issue subscribed 19.04 times in the retail category, 12.02 times in the QIB category, and 15.66 times in the NII category.
Supply chain company Delhivery had fixed a price band of ₹462-487 a share for its ₹5,235-crore initial public offering (IPO). Delhivery IPO opened for subscription on May 11. Delivery of express packages and heavy products, PTL freight, TL freight, storage, supply chain solutions, cross-border Express, freight services, and supply chain software are all available via Delhivery. The Delhivery IPO was subscribed 1.63 times. The public issue subscribed 0.57 times in the retail category, 2.66 times in the QIB category, and 0.30 times in the NII category.
Life Insurance Corporation Of India (LIC)
Life Insurance Corporation (LIC) with a price band of Rs 902-949 per share for its Rs 21,000 crore initial public offering was active between May 4 to May 10. The Life Insurance Corporation of India (LIC) is the country's largest insurance provider. In the new business premium market, it has a market share of more than 66.2 per cent. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products. The LIC IPO was subscribed 2.95 times. The public issue subscribed 1.99 times in the retail category, 2.83 times in the QIB category, and 2.91 times in the NII category.
Rainbow Children's Medicare Limited:
The Rs 1,581-crore initial public offer of Rainbow Children’s Medicare was issued at a price band of Rs 516-542 per share for over the 2.05 crore shares. Rainbow Children's Medicare Limited is an Indian hospital network that specialises in paediatrics, obstetrics, and gynaecology. The firm provides neonatal and paediatric critical care, paediatric multi-speciality services, and paediatric quaternary care, among other services. The Rainbow Children Medicare IPO is subscribed 12.43 times. The public issue subscribed 1.38 times in the retail category, 38.90 times in the QIB category, and 3.73 times in the NII category.
Campus Activewear Limited:
The Initial Public Offering (IPO) of a leading shoe brand went live on 26th April 2022. Campus Activewear IPO's price band was fixed at ₹278 to ₹292 per equity share. Campus Activewear Limited, founded in 2005, is India's leading sports and athleisure footwear company. Running Shoes, Walking Shoes, Casual Shoes, Floaters, and Slippers are among the footwear that the firm develops and sells. The Campus Activewear IPO is subscribed 51.75 times. The public issue subscribed 7.68 times in the retail category, 152.04 times in the QIB category, and 22.25 times in the NII category.
Veranda Learning Solution Limited
Veranda Learning Solutions' initial public offered its IPO in March. The company had the price band for its IPO between Rs 130-137 per share. The company wanted to raise Rs 200 crore in fresh capital through the IPO. Veranda Learning Solutions Limited, founded in 2018, provides students, graduates, professionals, and corporate personnel with online and offline coaching services for career-defining courses such as UPSE, Chartered Accountant, Banking, and Government Exams. The Veranda Learning IPO is subscribed 3.53 times. The public issue subscribed 10.76 times in the retail category, 2.02 times in the QIB category, and 3.87 times in the NII category.
Uma Exports Limited
Uma Exports Initial Public Offering (IPO) is an investment firm and an official primary-board IPO that offered equity shares, worth 10 rupees to raise the market capitalization of up to 60 crores. Uma Exports Limited, founded in 1988, sells, trades, and distributes agricultural products such as rice, wheat, sugar, spices, dry red chillies, coriander, cumin seeds, food grains, and pulses. It's a business-to-business (B2B) trader who sells to manufacturers, exporters, and so on. The Uma Exports IPO is subscribed 7.67 times. The public issue subscribed 10.11 times in the retail category, 2.81 times in the QIB category, and 2.22 times in the NII category.
Ruchi Soya Industries Limited
Ruchi Soya Industries Ltd is come out with a follow-on public offer with the expectations to raise around Rs ₹ 4,30,000 lakhs in March. Ruchi Soya Industries Ltd is one of India's major FMCG edible oil firms, as well as one of the country's largest fully integrated edible oil refining enterprises. Because it was one of the first and largest makers of soya meals in India, it's brand 'Nutrela' became a household and generic name. The Ruchi Soya FPO is subscribed 3.60 times. The public issue subscribed 0.90 times in the retail category, 2.20 times in the QIB category, and 11.75 times in the NII category.
Vedant Fashions Limited
The three-day initial public offering (IPO) of Vedant Fashions Ltd had the price band fixed at ₹824-866 with the expectation to raise ₹3,149 crores. Vedant Fashions Limited is a major player in the men's wedding and celebration wear market in India. With a pan-India presence, the company's main brand, 'Manyavar,' is a category leader in the branded wedding and celebration apparel industry. Other brands of the company include Twamev, Manthan, Mohey, and Mebaz. The Manyavar IPO is subscribed 2.57 times. The public issue subscribed 0.39 times in the retail category, 7.49 times in the QIB category, and 1.07 times in the NII category.
Adani Wilmar Limited
The initial public offering (IPO) of Adani Wilmar Ltd opened with a fixed price band of ₹218-230 a share to raise ₹3,600-crore in total. Under the Fortune brand, Adani Wilmar, a 50:50 joint venture between Gautam Adani's Adani business and Singapore's Wilmar group, provides cooking oils. Soya bean, sunflower, mustard, and rice bran are among the edible oils offered by Adani Wilmar. In India, its Fortune brand of oil has a market share of roughly 20%. The Adani Wilmar IPO is subscribed 17.37 times. The public issue subscribed 3.92 times in the retail category, 5.73 times in the QIB category, and 56.30 times in the NII category.
AGS Transact Technologies
AGS Transact Technologies hit the market on January 19 to raise around ₹680 crores via IPO that comprises an offered for sale up to ₹680 crores of ₹10 each. AGS Transact Technologies Ltd is a prominent provider of omnichannel payment solutions in India. It is India's second-largest firm in terms of ATM managed services income, as well as the country's largest deployer of POS terminals at gas stations. The AGS Transact IPO is subscribed 7.79 times. The public issue subscribed 3.08 times in the retail category, 2.68 times in the QIB category, and 25.61 times in the NII category.
The above-mentioned list contains the names of some of the brands going public in 2022. However, this is a list of tentative IPOs and possibly will change as new updates arrive. We suggest you keep visiting the page for more information on the 2022 IPO calendar.
However, make sure to always read the prospectus carefully and run due diligence to weigh the pros and cons of the offer before investing in any IPO.
FAQs on upcoming IPOs
How can one apply in upcoming IPOs online?
Log in to the console and enter required and UPI handle details before placing the bid. All IPO application is supported by ASBA or Application Supported by Blocked Amount, which allows the bank to block the amount for the bid value until the IPO.