The year 2021 has turned out to be the best IPO year in two decades for the Indian primary market wherein 63 companies swabbed record nearly Rs 1.2 lakh crore through IPOs. The IPO market is expected to show a rising trend in the year 2022 as well, with more companies set to launch their IPOs.
In the year 2022 as well, as many as 23 companies are preparing to raise Rs 44,000 crore through IPO during the last quarter of the current financial year. Some of the firms that are expected to launch their IPO during this quarter include technology – startups like Oyo, Delhivery, Mobikwik, Byju’s, and Pharmeasy. Meanwhile, LIC’s IPO is expected to be the biggest which is expected to be launched by march to raise 8 trillion to 10 trillion.
However, 8 IPOs are expected to be launched in January 2022, including FPOs of Adani Wilmar and Ruchi Soya. Here is the list of IPOs expected to be launched in January 2022:
1. Adani Wilmar Limited
Adani Wilmar is an FMCG food processing company and a joint venture between Adani Enterprises and Wilmar International. The IPO of this joint venture will be a fully fresh issue of shares through the primary market for repayment of borrowings, expansions, and acquisitions funding capital expenditure expansion and development of new and existing manufacturing units respectively. The company plans to raise Rs 4500 crore through the market.
2. Ruchi Soya
Ruchi Soya is the manufacturer of edible oil in India for over two decades which was acquired by Patanjali Ayurveda in 2019. Ruchi Soya, which is owned by Baba Ramdev is all set to raise funds through FPO (follow-on public offer). FPO is the offer made by an already listed company to sell its share in the market to the public. The company will raise Rs 4300 crore through its FPO. The FPO is being raised for repayment of the outstanding loans and to bring down the promoters’ shareholding in the company.
3. Go Airlines (India) Limited
GoAir also known as Go First, a wholly-owned subsidiary of Wadia Group commenced its operation in 2005 is now ready to hit the market with its IPO to raise Rs 3,600 crore in January 2022. The company rebranded itself as Go First for IPO. The purpose of the issue is the repayment of outstanding loans, and dues to Indian Oil Corporation Limited for fuel supplied to the company along with replacement of Letter of Credits issued to certain aircraft lessors.
Mobikwik is a digital payment company founded in 2009. It provides a digital payment system and digital wallet based on mobile phones. The Gurugram based company filed for an Initial public offering in July to raise a total of Rs 1900 crore which includes a fresh issue of Rs 1500 crore and an offer for sale amounting to Rs 500 crore wherein investors can sell their share in the start-up.
5. ESAF Small Finance Bank
ESAF SFB started its operations as NGO back in 1992. Later it was founded as a small finance bank in 2017. The bank provides banking services and small loans to people who do not have access to mainstream financial institutions and services. Now ESAF Small Finance Bank is ready to hit the market with its IOO in January 2022 to raise nearly Rs 998 crore which comprises of fresh issue of Rs 800 crore and remaining for the offer for sale.
6. Tracxn Technologies Limited
Tracxn is a research firm that offers data related to private companies mostly start-ups to the venture capitalists and corporate development offices spread across sectors and geographies. The company was founded in 2013 by Neha Singh and Abhishek Goyal. The company through its IPO will be raising funds amounting to Rs 500 crore.
7. Skanray Technologies Private Limited
Skanray, a globally certified Medical Equipment manufacturers from India which also specialises in critical care devices, is launching its IPO in January 2022 to raise a fund of Rs 400 crore. Of this amount as said Rs 130 crore is proposed to be used to fund inorganic growth, and Rs 70 crore and Rs 41.9 crore to fund working capital and capital expenditure requirements respectively. The rest fund is for general corporate purposes.
8. ESDS Software Solution Limited
ESDS Software Solution Ltd. Is a Nashik-based cloud service and data centre which was founded in 2005 by Piyush Somani. The company provides Managed Data Center service and Auto Scalable Solutions for cloud adoption. The company will raise funds through an IPO of Rs 332 crore which will be utilised for repayment of outstanding loans, funding of long-term working capital requirements, and purchasing of cloud computing equipment for data centres.
Disclaimer: Information provided is only for educational purpose and general point of view. We are not SEBI Registered, before taking any positions seek professional advice.