Upcoming IPO in FY 2022-23
Go Airlines:- 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.
MobiKwik:- 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.
Ixigo:- 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.
Keventer Agro:- 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.
PharmEasy:- 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.
Bajaj Energy:- 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.
Muthoot Microfin:- 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.
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.
HDB Financial:- 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.
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.
OYO Rooms:- 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.
Navi Technologies:- 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:- 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.
Ola:- Ola is another major Indian tech start-up that will be launching its public offering in 2022. Although not finalized, 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.
BYJU’s:- 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.
Swiggy:- 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.
