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)|
|Aether IPO||Rs. 808.04 Crores||Apply Now!|
|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|
|ESDS Software Solutions Limited||322 + 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|
|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|
|*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.
Paradeep Phosphates is a major fertiliser manufacturing company. It has filed papers for its IPO that will consist of a fresh share issue worth Rs. 1,255 crores. In addition, two of its top investors, the Government of India and Zuari Agro, will offload their shares in the company.
There would be an offer for sale of 12,00,35,800 shares with a face value of Rs. 10 each.
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.
AGS Transact Techno
AGS Transact Techno offers digital payment solutions to banks and corporate agencies. It plans to launch its Rs. 800 crores which will be entirely an offer for sale by its current investors and shareholders.
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.
Delhivery is a Gurugram-based logistics giant. The company offers logistical and supply chain services across India. It has submitted its draft papers for Rs. 7,460 crores IPO. This would include Rs. 5,000 crores issue of fresh shares. The rest would be an offer for sale.
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
|IPO||Issue Size||Price Band||Listing Date||Lot Size|
|Venus Pipes & Tubes Limited IPO||Rs. 165.35 Crores||Rs. 310 to Rs. 326||24-May-2022||46|
|Prudent Corporate Advisory Services Limited||Rs. 538 Crores||Rs. 595 to Rs. 630||23-May-2022||23|
|Life Insurance Corporation of India (LIC)||Rs. 21000 Crores||Rs. 902 to Rs. 949||17-May-2022||15|
|Ruchi Soya Industries Ltd||Rs. 4300 Crores||Rs. 615 to Rs. 650||6-April-2022||21|
|Vedant Fashions Limited||Rs. 3149 Crores||Rs. 824 to Rs. 866||16-Feb-2022||17|
|Adani Wilmar Limited||Rs. 3600 Crores||Rs. 218 to Rs. 230||8-Feb-2022||65|
|AGS Transact Technologies||Rs. 680 Crores||Rs. 166 - Rs. 175||21-Jan-2022||85|
Ruchi Soya FPO
The company targeted to achieve Rs 4300 crore funding through the FPO and launched its shares in the price band of Rs 615-650. The FPO opened on March 24, 2022. The company operates in the fast-moving consumer product segment, manufacturing a wide range of edible and wellness products. The company has wide brand recognition and PAN India market penetration in rural and urban areas.The IPO shares will get allotted on April 5, 2022. The issue was subscribed 3.06 times - 0.90 times in the retail segment, 2.20 times in QIB and 11.75 times in the NII category.
Veranda Learning Solutions Pvt. Ltd.
The Veranda IPO remained open for investors to bid from March 29 till March 31, 2022, and shares were available from Rs 130-137 per equity. They offers coaching and career-defining programs through a hybrid, scalable model. They offer their services through wholly-owned subsidiaries - Veranda Race, Veranda CA, Veranda IAS, and Edureka.Their IPO was subscribed 3.53 times. Retail bidders subscribed 10.76 times the available quota, whereas HNI and institutional bidders subscribed 3.87 and 2 times their available portions.
Hariom Pipe Industries Ltd IPO
The pipe manufacturing company turned to the primary market to raise Rs 130 crore to meet working capital requirements. The offer opened in the range of Rs 144-153 per share on March 30, 2022. The company manufactures iron and steel products, specializing in mild steel (MS) billets, scaffolding systems, and hot-rolled (HR) coils. On the last day of the subscription, the IPO was subscribed 4 times the original issue size. Investors bid for 3,39,55,726 equity shares against 8,500,000 equity shares. Strong participation came from the retail bidders, who oversubscribed 8.15 times.
UMA Exports IPO
The new issue IPO for Rs 60 crore opened for subscription on March 28, 2022. It was a book building IPO, and shares were available from Rs 65-68 per equity share. UMA Exports is involved in trading and distributing a wide range of agricultural products. Besides, they also import agricultural products from Australia, Canada and Burma in bulk. The public offer received a decent response from bidders. Despite higher valuation and debt percentage, the issue received a moderate subscription of 7.67 times, whereas retail bidders subscribed 10 times their quota. QIB and HNI investors bid three and two times, respectively.
AGS Transact Technologies
AGS Transact Technologies is one of the market leaders in the segment of integrated omnichannel payment solutions in terms of offering cash and digital-based solutions to corporates and banks.
This public issue will be worth Rs. 680 crores, comprising an OFS only. Additionally, this IPO will go live on 19 January 2022 and close on 21 January 2022.
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.
Recent IPOs in 2021
|IPO||Issue Size||Price Band||Issue Date||Lot Size|
|Star Health and Allied Insurance Co. Ltd.||₹7249 Cr||₹870 - 900||30-Nov-2021||16|
|Go Fashion||₹1013 Cr||₹655 - 690||17-Nov-2021||21|
|Tarsons Products||₹1023 Cr||₹635 - 662||15-Nov-2021||22|
|Latent View Analytics||₹600 Cr||₹190 - 197||10-Nov-2021||76|
|Sapphire Foods||₹2,073 Cr||₹1120 - 1180||9-Nov-2021||11|
|PayTM||₹18,300 Cr||₹2080 - 2150||9-Nov-2021||6|
|PolicyBazaar||₹5,700 Cr||₹940 - 980||1-Nov-2021||15|
|SJS Enterprises||₹800 Cr||₹531 - 542||1-Nov-2021||27|
|Sigachi Enterprises||₹125.43 Cr||₹161 - 163||1-Nov-2021||90|
|Fino Payments Bank||₹1,300 Cr||₹560 - 577||29-Oct-2021||25|
|FSN e-commerce (Nykaa)||₹5,351.92 Cr||₹1085 - 1125||28-Oct-2021||12|
|Aditya Birla Sun Life||₹2,768.26 Cr||₹695 - 712||29-Sept-2021||20|
|Paras Defence||₹170.78 Cr||₹165 - 175||21-Sept-2021||85|
|Sansera Engineering||₹1,282.98 Cr||₹734 - 744||14-Sept-2021||20|
|Vijaya Diagnostic||₹1895.04 Cr||₹522 - 531||1-Sept-2021||28|
|Ami Organics||₹569.64 Cr||₹603 - 610||1-Sept-2021||24|
|Chemplast Sanmar||₹3,850 Cr||₹530 - 541||10-Aug-2021||27|
|Aptus Value Housing Finance India Ltd.||₹2,780.05 Cr||₹346 - 353||10-Aug-2021||42|
|Nuvoco Vistas||₹5,000 Cr||₹560 - 570||9-Aug-2021||26|
|CarTrade||₹2,998.51 Cr||₹1585 - 1618||9-Aug-2021||9|
|Devyani International||₹1,838 Cr||₹86 - 90||4-Aug-2021||165|
|Krsnaa Diagnostics||₹1,213.33 Cr||₹933 - 954||4-Aug-2021||15|
|Windlas Biotech Pvt. Ltd.||₹401.54 Cr||₹448 - 460||4-Aug-2021||30|
|Exxaro Tiles||₹161.09 Cr||₹118 - 120||4-Aug-2021||125|
|Rolex Rings||₹731.00 Cr||₹880 - 900||28-July-2021||16|
|Glenmark Lifescience||₹1,200 Cr||₹695 - 720||27-July-2021||20|
|Tatva Chintan||₹500 Cr||₹1073 - ₹1083||16- July- 21||13|
|Zomato||₹9,375 Cr||₹72 - ₹76||14- July- 21||195|
|Clean Science and Technology Ltd.||₹ 1,546 Cr||₹ 800-900||7- July-21||16|
|G R Infraprojects Ltd.||₹ 963.28 Cr||₹828-837||7- July-21||17|
|India Pesticides||₹800 Cr||₹296||23-June-21||59|
|KIMS Hospitals Ltd.||₹2,413 Cr||₹825||16-June-21||18|
|Dodla Dairy Ltd.||₹520.18||₹428||16-June-21||35|
|Sona Comstar||₹5,550 Cr||₹285-291||14-June-21||51|
|Shyam Metallics||₹909 Cr||₹303-306||14-June-21||45|
|Power Grid InvIT||₹7,734.99 Cr||₹99 - ₹100||29-April-21||1100|
|Macrotech Developers Limited||₹ 2,500 Cr||₹483 - ₹486||07-Apr-21||30|
|Barbeque Nation Hospitality Limited||₹ 452 Cr - ₹ 453 Cr||₹498 - ₹500||24-Mar-21||30|
|Nazara Technologies Limited||₹ 582 Cr - ₹ 583 Cr||₹1100 -₹1101||17-Mar-21||13|
|Suryoday Small Finance Bank Ltd||₹577 Cr - ₹581 Cr||₹303 - ₹305||17-Mar-21||49|
|Kalyan Jewellers||₹ 1,175 Cr||₹86 - ₹87||16-Mar-21||172|
|Craftsman Automation Limited||₹823 Cr - ₹824 Cr||₹1488 - ₹1490||15-Mar-21||10|
|Laxmi Organics||₹600 Cr||₹129 - ₹130||15-Mar-21||115|
|Anupam Rasayan||₹760 Cr||₹553 - ₹555||12-Mar-21||27|
|Easy Trip Planners Limited||₹510 Cr||₹186 - ₹187||08-Mar-21||80|
|MTAR Technologies||₹595 Cr - ₹596 Cr||₹574 - ₹575||03-Mar-21||26|
|Heranba Industries||₹625.24 Cr||₹626 - ₹627||23-Feb-21||23|
|RailTel Corporation Of India Limited||₹ 811 Cr - ₹ 819 Cr||₹93 - ₹94||16-Feb-21||155|
|Nureca Limited||₹ 100 Cr||₹396 - ₹400||15-Feb-21||35|
|Brookfield India REIT||₹3,800.00 Cr||₹274 - ₹275||03-Feb-21||200|
|Stove Kraft Limited||₹ 411.80 Cr - ₹ 412.63 Cr||₹ 384 - ₹385||25-Jan-21||38|
|Home First Finance Company India||₹1,153.72 Crore||₹517 - ₹518||21-Jan-21||28|
|Indigo Paints Limited||₹1,168 Cr - ₹1,169 Cr||₹1488 - ₹1490||20-Jan-21||10|
|Indian Railway Finance Corporation||₹ 4,455 Cr - ₹ 4,633 Cr||₹25 - ₹26||18-Jan-21||575|
PolicyBazaar, one of the leading online insurance aggregators, is going live with its IPO on 1 November, and it will close on 3 November 2021. This public issue will have a valuation of Rs. 5700 crores. It will comprise an offer for sale of about Rs. 1933 crores, and a fresh issue of Rs. 3750 crores. PolicyBazaar IPO will have a price band of Rs. 940 to Rs. 980 per share, and the face value of Rs. 2 per share.
The initial public offering of SJS Enterprise is going live on 1 November, and it closes on 3 November. The total valuation of this public offering will be Rs. 800 crores, comprising an offer for sale only. It will include the sale of shares from existing promoters KA Joseph and Evergraph Holdings amounting to Rs. 112 crores and Rs. 688 crores, respectively. The face value of SJS Enterprises shares is Rs. 10 per equity share. Also, the price band of this public offering will be Rs. 531 to Rs. 542 per equity share.
Sigachi Industries IPO will be open for subscription from 1 November to 3 November 2021. It will be a public issue of about Rs. 125 crores, including 7,695,000 fresh issue equity shares. The price band of this public issue is Rs. 161 to Rs. 163 per share, and its face value is Rs. 10 per equity share.
Fino Payments Bank
Fino Payments Bank filed its draft red herring prospectus with SEBI to float an initial public offer. The bank is looking to raise Rs. 300 crore via an initial sale of fresh equity issues, alongside an offer for sale of 15.60 million shares. The proceeds from the initial share sale will be utilised to boost its Tier 1 capital base and meet requirements in the future.
Nykaa is one of the tech-startups eyeing the public investment route in 2021-22. Founder Falguni Nayar said to a newspaper source that Nykaa will hit the market with a Rs. 5,351.92 crores IPO offer. It initially planned to launch a public offer during 2020 but delayed it due to COVID-19 pandemic. Currently, the company is looking to achieve overall profitability before it hits the IPO route. It has recently raised an undisclosed amount which valued the company at USD 1.8 billion.
Aditya Birla Sun Life
Aditya Birla Sun Life IPO, which was kept in abeyance before, received the go ahead from SEBI on 7 August 2021. The issue opened on 29 September 2021, with plans to raise Rs. 2,768.26 crores. During the three days of the IPO the issue was subscribed 5.25 times. The company is expected to list its shares on the bourses on 11 October 2021.
One of the leaders in India's defence and space research segment, Paras Defence, went public with an IPO of Rs. 170.78 crores. It included equity shares of Rs. 140.60 crores and OFS of 17,24,490 shares from present investors. The IPO, which opened on 21 September 2021 was oversubscribed by 300 times on the last day of bidding. The 3-day initial public offer had a price band of Rs. 165 - Rs. 175.
Sansera Engineering is a leading auto-component maker in India, which went public on 14 September 2021. This public issue had a total valuation of Rs. 1282.98 crores, and comprised only an offer for sale of 17,244,328 equity shares of existing stakeholders. During the three days, Sansera’s IPO was subscribed 11.47 times. with it being valued at 35 times of its earnings for FY2021.
Vijaya Diagnostic IPO opened on 1 September 2021 and was subscribed 4.54x on its closing day. The company had filed initial preliminary papers with SEBI on 7 June 2021 to raise funds via an initial public offering. Even though early forecasts for this IPO looked promising, Vijaya Diagnostic made a tepid debut on Dalal Street. Vijaya is a healthcare service centre based out of Hyderabad. The company runs 80 diagnostic centres in 13 cities across India, alongside 11 reference laboratories.
Ami Organics develops over 250 intermediates for active pharmaceutical ingredients (APIs). The company’s IPO opened on 1 September 2021 and closed on 3 September 2021. During these 3 days, Ami Organics IPO was oversubscribed by 64.54 times.
Devyani International IPO opened on 4 August and closed on 6 August 2021. During this time it received total bids for 13,13,79,21,555 shares, as compared to 11,25,69,719 shares on offer. Devyani International Ltd. is the largest franchisee of Pizza Hut, KFC, and Costa Coffee and also the biggest Indian quick-service restaurant company to register on the Swiggy platform. The company was looking to raise up to Rs. 1838 crores via its IPO.
Pune-based Krsnaa Diagnostics is the largest diagnostic service provider in India, leading in Pathology and Radiology. It presently operates across 14 Indian states such as Maharashtra, Rajasthan, Madhya Pradesh, Andhra Pradesh, and Tamil Nadu. The company’s IPO opened on 4 August and closed on 6 August 2021. During this time, the IPO received bids for 69,83,95,230 shares over the 71,12,099 shares that were on offer. On the last day of its bidding, Krsnaa Diagnostics IPo was subscribed 98.2 times on the last day of its IPO.
Windlas Biotech Pvt. Ltd.
The Windlas Biotech IPO which opened on 4 August 2021 was fully subscribed on the very first day it opened for offer. The company received 22.47x bids for its shares on offer. The company had also received Rs. 120.46 crores from its anchor investors before its issue opened. Windlas Biotech is among the top five operatives in the pharmaceutical formulations contract development and manufacturing organisations (CSMO) segment.
The Exxaro Tiles IPO, which opened on 4 August 2021 received tremendous response on the very first day and was fully subscribed within a few hours. As per data available on the exchanges, the company received bids for 25.96 crore shares, against its 1.14 crores shares on offer. Exxaro’s IPO marked the first public offer in the ceramics industry in a span of 10 years.
Rolex Rings’ Rs. 731 crore IPO opened on 28 July 2021 and received bids amounting to 74,16,00,096 shares against 56,85,556 shares that were on offer. The company is expected to get listed on 11 August 2021. Rolex RIngs is regarded as one of the top 5 foreign companies operating in India. It’s engaged in automotive component manufacturing, offering an assorted roster of products. It serves the commercial vehicle, passenger car, two-wheeler, industrial machinery, and railway segments, among others.
Glenmark Lifesciences IPO
The IPO contained primary issues of Rs 1,160 crores and another part of 7.31 million OFS shares from parent Glenmark. The IPO opened on 27 July 2021 and closed on 29 July 2021. The IPO was subscribed nearly 45 times. They are a leader in producing active pharmaceutical ingredients (API). In 2019 and 2020, revenue from API production was 84.16 and 89.87 percent, respectively.
Tatva Chintan Pharma IPO
Tatva Chintan Pharma Chem Limited closed its initial public offering on 20 July 2021, after being subscribed 180.36 times. The offer comprised issue of fresh equity shares amounting to Rs. 225 crores and an offer for sale worth Rs. 275 crores. This chemical manufacturing company is one of the largest Indian manufacturers of SDAs for zeolites. It exports to more than 25 countries globally, including China, the USA, South Africa, the UK, and Germany. In FY2020, exports accounted for 76% of its total revenue.
Zomato floated its Rs 9,375 crore IPO on 14 July 2021. The subscription window remained open until July 16, 2021. During this period, Zomato IPO was subscribed 38.25 times. Zomato operates in India and 24 other countries, including Sri Lanka, Slovakia, and South Africa, reaching nearly 10,000 cities. Along with Swiggy, Zomato owns a significant share in India's online food delivery segment.
Clean Science and Technology Ltd. IPO
Clean Science is involved in producing specialty chemical products using in-house technology that is eco-friendly and cost-effective. Their IPO, which opened on 7 July for three days, received 93.41 times subscription on the final day.
G R Infraprojects Ltd. IPO
G R Infraprojects Ltd. IPO opened on 7 July 2021. It was a pure offer for sale issue of 1,15,08,704 equity shares to offer exit to current promoters and shareholders. The offer was oversubscribed in all categories and received 102.58 times subscription in total.
Indian Pesticides IPO
The agro-chemical technical company launched its IPO on 23 June 2021, closing two days later on 25 June. Indian Pesticides IPO was subscribed 29.04 times during this window. Indian Pesticides is one of the fastest growing companies in its sector in India in terms of volume in FY 20. Indian Pesticide is the sole producer of formulations like folpet and thiocarbamate herbicide in India (among the top five globally).
KIMS Hospitals IPO
KIMS Hospitals IPO, with an issue size of Rs. 825 crores, was open for subscription between 16 June 16 and 18 June. It was subscribed 3.86 times during this period. KIMS is a multi-specialty, multi-disciplinary corporate healthcare group operating in Telangana. It offers specialty and super-specialty treatment in 25 branches of healthcare with a focus on tier- 1, 2, and 3 cities with nine hospitals under its brand.
Dodla Dairy IPO
Dodla Dairy, a leading player in the dairy segment, made an impressive debut with its IPO on 16 June 2021. Its shares started trading at Rs. 550 on the NSE, which was 28.50% higher than Rs. 428, its initial issue price. The company’s Rs. 520 crore IPO was subscribed 45.61 times. According to a CRISIL report, Dodla Dairy was the second-largest private player in the industry in December 2020 regarding daily raw milk procurement.
Sona Comstar IPO
Sona Comstar’s Rs. 5,500 crore IPO was subscribed 2.28 times after bidding started on 14 June 2021. Following this, the company got listed under both BSE and NSE on 24 June 2021 and managed to make a lukewarm debut. Sona Constar’s scrip noted a 3.92% and 3.44% increase over its issue price on BSE and NSE, respectively. The company is a leader in auto component manufacturing, catering to the global EV market. It produces highly engineered, mission-critical components and supplies to OEM manufacturers in the US, Europe, China, and India.
Shyam Metalics and Energy IPO
Shyam Metallics rolled out an IPO issue of Rs. 909 crore on 14 June 2021, and was subscribed 121 times, during the 2-day bidding period. It then proceeded to make a decent debut on both NSE and BSE, with the scrip getting listed at 24.28% and 19.93% over the issue price, respectively. The company proposes to use the proceeds from the offer to repay debt and meet general corporate expenses.
PowerGrid Infrastructure Investment Trust InvIT IPO
Powergrid Corporation of India, belonging to the 'Maharatna' category, is a PSU responsible for constructing, managing, and distributing power supply across the nation. They are the largest power transmission company in India. Powergrid launched Invit IPO to raise capital funding to finance its infrastructure projects. The offer was subscribed 4.83 times in the retail segment in April 2021.
Macrotech Developers (Lodha Developers) Limited IPO
The Rs 2,500 crore IPO from Lodha received 1.4 times subscription on the last day. Macrotech released its issues in the price band of Rs 483-486.
Barbeque Nation Hospitality Limited IPO
Barbeque Nation IPO is backed by the heavyweight Rakesh Jhunjhunwala. The Rs. 453 crore IPO had equity shares priced at Rs.498-Rs.500 with a market lot of 30 shares. It received 5.98 times subscription on the last day.
Nazara Technologies IPO
Nazara Technologies IPO received 175.46 times subscription, making it the second most successful IPO launch in 2021 after MTAR Technologies IPO. Investors oversubscribed in all three segments of qualified institutional buyers, non-institutional investors, and retail.
Suryoday Small Finance Bank IPO
Suryoday Small Finance Bank is operative in Maharashtra, Gujarat, Madhya Pradesh, Tamil Nadu, Delhi, Karnataka and some union territories. It plans to launch an IPO worth Rs 400 crores containing two crores equity shares (1.6 crores in fresh equities and rest in OFS shares).
Kalyan Jewellers IPO
Known jewellery brand Kalyan Jewellers said it is planning to raise Rs 1,750 crores from the market through IPO. The offer will contain both fresh shares and offer for sales scrips from the current promoters. Founded in 1993, the brand has 137 showrooms spread in India and Gulf countries.
Craftsman Automation IPO
The auto component manufacturer's IPO offer will contain fresh issues worth Rs 150 crores and 45.21 lakh shares in OFS.
Laxmi Organic Industries IPO
The IPO size is Rs 800 crores, containing Rs 500 crores of fresh issues and remaining OFS shares. Laxmi Organics is a specialty chemicals company. Its peers Rossari Biotech and Chemcon Specialty made stock exchange debut in 2020, and both were oversubscribed 80 and 149 times respectively.
Anupam Rasayan IPO
The Indian IPO market saw another successful launch with Anupam Rasayan IPO that hit the market in March and was subscribed 31 times. The company is engaged in cotton synthesis and specialty chemicals production with two business verticals - life science-related speciality chemicals and other specialty chemicals.
Easy Trip Planners IPO
Easy Trip Planners' IPO received a whopping 159 times subscription in its three day subscription period. Easy Trip Planners is the second largest online travel agent in the nation regarding gross revenue earning. The agency offers a host of services related to ticket booking, hotel booking, holiday planning, packages, bus tickets, cab booking, and value-added services like travel insurance.
MTAR Technologies IPO
MTAR Technologies is a leader in the precision engineering industry, involved in producing mission-critical precision components. The public market debutant made a solid listing with a healthy oversubscription of 200.79x.
Heranba Industries IPO
Heranba Industries launched a Rs 625 crores IPO in the price range of Rs 626-627 to increase its post-issue implied market capital to Rs 2,505-2,509 crore. Gujarat based Heranba Technologies produces crop protection chemicals with clear market leadership in developing synthetic pyrethroids, like cypermethrin, deltamethrin, and lambda-cyhalothrin.
Railtel Ltd. IPO
RailTel plans to raise Rs 700 crores from the market by divesting 8.66 crores offer for sale shares. The company is one of the Mini Ratna companies involved in providing network and infrastructure services to railways.
Nureca Limited IPO
Operating in the space of wellness and healthcare, Nureca is one of the fastest-growing business in the domain. The IPO was subscribed 39.93 times and received 166.65 times subscription in the retail segment.
Brookfield India REIT IPO
Brookfield REIT, backed by Canadian alternative investment company Brookfield Asset Management, gained 2.4 percent listing gain against its issue price of Rs 275. The offer received 7.94x subscriptions on debut.
Stove Kraft Limited IPO
Kitchen appliance manufacturer and supplier Stove Kraft's IPO gained 21 percent on the listing. The IPOs were launched in the price band of Rs 385 and debuted in BSE at Rs 467, pegging the company's market capitalisation value to Rs 1,429 crore.
Home First Finance Company IPO
Mortgage financier Home First Finance raised Rs 1,153.72 crores in IPO by launching its shares in the price band of Rs 517 and Rs 518. The company targets first time home buyers in the middle and low-income group sections in the urban areas. It has a strong presence in Maharashtra, Gujarat, Karnataka and some other states of India.
Indigo Paints IPO
Sequoia Capital backed Indigo Paints IPO opened on January 20, containing fresh scrips and OFS shares from promoters and investors. The issue size was Rs 1,176 crores with fresh issues worth Rs 300 crores.
Indian Railway Finance Corporation (IRFC) IPO
The fifth of the railway companies launched IPO offers as the first company in 2021. The Union government decided to divest five of the railway companies in 2017. The proceeds from the IPO, comprising fresh issues worth 118.8 crores and OFS, will help bolster the capital base to meet the railways' borrowing requirements in the future.
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.