Upcoming IPOs in 2022 : LIC, VLCC, OYO, Snapdeal, Adani Wilmar, Go Air, Bajaj Energy

Upcoming IPOs in 2022

IPO
by 5paisa Research Team Last Updated: 2022-02-03T12:31:57+05:30

The year 2021 has been an exciting year for IPOs. A total of 65 IPOs collected a sum of over Rs.131,000 crore (including 1 REIT issue and 1 INVIT issue). All the issues got oversubscribed during the year, except for Star Health and Allied Insurance which was subscribed to the tune of only 79% and the IPO size had to be reduced.

The largest IPO during the year (and the largest in history) was the Paytm IPO which collected Rs.18,300 crore. Four digital IPOs collected a total of Rs.39,000 crore between them in year 2021.

How IPOs are likely to pan out in year 2022?

These are early days still, but year 2022 is estimated to see IPO collections to the tune of around Rs.220,000 crore. It is likely to be dominated by 2 categories of IPOs. On the one hand there will be the LIC IPO, which could be anywhere between Rs.70,000 crore and Rs.90,000 crore depending on how much the government decides to dilute.

The other story of 2022 will be the digital IPOs, with big names like PharmEasy, Delhivery, Snapdeal and Droom already lined up and Byju’s and Swiggy in the anvil.


List of Upcoming IPOs in 2022
 

Company Name

IPO Size (Estimated)

Timing of IPO

     PHARMACEUTICALS & HEALTHCARE

Emcure Pharmaceuticals

Rs.4,500 crore

Year 2022

Skanray Technologies

Rs.400 crore + OFS

Year 2022

VLCC Healthcare

Rs.300 crore + OFS

Year 2022

DIGITAL PLAYS

Delhivery Ltd

Rs.7,460 crore

Year 2022

Oravel Stays India Ltd (OYO Rooms)

Rs.7,000 crore + OFS

Year 2022

API Holdings (PharmEasy)

Rs.6,250 crore

Year 2022

Droom Technology

Rs.3,000 crore

Year 2022

Ixigo

Rs.1,600 crore

Year 2022

Snapdeal

Rs.1,250 crore + OFS

Year 2022

AGS Transact Technologies

Rs.800 crore

Year 2022

Inspira Enterprises Ltd

Rs.800 crore

Year 2022

FINANCIAL SERVICES

Life Insurance Corporation (LIC)

  Rs.70,000 to Rs.90,000 crore

Year 2022

Aadhar Housing Finance

Rs.7,300 crore

Year 2022

Five Star Business Finance

Rs.2,752 crore

Year 2022

Arohan Financials

Rs.1,800 crore

Year 2022

Northern Arc Capital

Rs.1,800 crore

Year 2022

Utkarsh Small Finance Bank

Rs.1,350 crore

Year 2022

Fincare Small Finance Bank

Rs.1,330 crore

Year 2022

Tamilnad Mercantile Bank

Rs.1,000 crore

Year 2022

ESAF Small Finance Bank Ltd

Rs.998 crore

Year 2022

Muthoot Microfinance

Rs.800 crore

Year 2022

Fusion Microfinance

Rs.600 crore + OFS

Year 2022

Hinduja Leyland Finance

Rs.500 crore

Year 2022

INFRASTRUCTURE SECTOR

Bajaj Energy

Rs.5,450 crore

Year 2022

Penna Cement

Rs.1,550 crore

Year 2022

Sterlite Power Transmission

Rs.1,250 crore

Year 2022

Paradeep Phosphates

Rs.1,255 crore + 12 cr shares OFS

Year 2022

Shri Bajrang Power And Ispat

Rs.700 crore

Year 2022

FOOD / FMCG / RETAIL / QSR COMPANIES

Adani Wilmar

Rs.4,500 crore

Year 2022

Keventer Agro

Rs.375 crore + OFS

Year 2022

Ruchi Soya

Rs. 4300 crore

Year 2022

Gemini Edibles and Fats

Rs.2,500 crore

Year 2022

SAMHI Hotels

Rs.2,000 crore

Year 2022

Apeejay Surendra Park Hotels

Rs.1,000 crore

Year 2022

Chemspec Chemicals

Rs.700 crore

Year 2022

OTHERS

Go Airlines

Rs.3,600 crore

Year 2022

Capillary Technologies

Rs750 crore

Year 2022

Seven Islands Shipping

Rs.600 crore

Year 2022

Studds Accessories Limited

Rs.450 crore

Year 2022

Tracxn Technologies

Rs.500 crore

Year 2022

ESDS Software Ltd

Rs.322 crore + OFS

Year 2022

 

Here is a quick summary of companies expected to hit the IPO market in the year 2022, although the detailed schedule is awaited.

Emcure Pharmaceuticals

The Emcure Pharmaceuticals IPO Rs.4,500 crore will comprise of a fresh issue of Rs.1,100 crore and an offer for sale of Rs.3,400 crore. The company focuses on generics and active pharma ingredients and will use the fresh issue component to repay debt.

Skanray Technologies

The IPO of Skanray Technologies will comprise of a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares with price to be decided. The company focuses on the Indian medical devices market and designs, develops and manufactures medical devices.

VLCC Healthcare

The IPO of VLCC Healthcare will comprise of a fresh issue of Rs.300 crore and an offer for sale of 89.23 lakh shares with price to be decided. The company focuses on health, wellness and beauty solutions to the fast growing and health conscious Indian market.

Delhivery Ltd

The Delhivery IPO will comprise of a fresh issue of Rs.5,000 crore and an offer for sale of 2,460 crore with number of shares to be decided. The company focuses on end to end logistic solutions including last mile logistics and has a long term tie up with FedEx. It was promoted by first generation entrepreneurs.

API Holdings Ltd (PharmEasy)

The PharmEasy IPO will comprise entirely of a fresh issue of Rs.6,250 crore. One of the most popular digital pharma retailing brands in India, it has created a digital ecosystem to bring doctors, patients and pharmacies together. It offers online health consultation, order of medicines with assured delivery.

Droom Technology

The Droom Technology IPO will comprise of a fresh issue of Rs.2,000 crore and an offer for sale of Rs.1,000 crore. Droom, like CarTrade Tech, offers an online marketplace for buying and selling cars and two wheelers along with content rich features to facilitate comparison and decision making.

Snapdeal

Snapdeal was floated as an ecommerce platform in 2010 by Kunal Bahl and Rohit Bansal. Snapdeal has early investors like Softbank and Sequoia as well as domestic family offices. In 2017 it was on the verge of merging with Flipkart, which was later dropped. The Snapdeal IPO will comprise of a fresh issue of Rs.1,250 crore and an OFS component.

Ixigo

The Rs.1,600 crore IPO will comprise of a fresh issue of Rs.850 crore and an offer for sale of Rs.750 crore. It is one of the few artificial intelligence based platforms for booking flights, trains and hotels and has been around for over 14 years now.

AGS Transact Technologies

The Rs.800 crore IPO will comprise of entirely a fresh issue in which promoters and early investors will offer shares to the public. It offers ATM management services, which is the mainstay business of AGS. The company is betting big on adding to the existing tally of 40,000 cash recycling machines, which it expects to replace ATMs gradually.

Inspira Enterprises

Inspira is one of the leading cybersecurity companies in India, which is assuming a lot of importance with the rising usage of cloud computing and cloud storage. The Rs.800 crore IPO will comprise of a fresh issue of Rs.300 crore and an offer for sale of Rs.500 crore.

Life Insurance Corporation (LIC)

The LIC IPO is expected to be in the range of Rs.70,000 crore to Rs.90,000 crore depending on how much the government decides to sell. LIC is India’s largest life insurer with nearly 70% market share. LIC has assets under management (AUM) of Rs.38 trillion, larger than the entire mutual fund sector in India put together. The indicative actuarial valuation has been arrived at approximately $150 billion and the issue is likely to happen in the Mar-22 quarter or the Jun-22 quarter.

Aadhar Housing Finance

The Rs.7,300 crore IPO will comprise of a fresh issue of Rs.1,500 crore and an offer for sale of Rs.5,800 crore. Aadhar Housing Finance is the largest funding intermediary in the affordable housing segment in terms of AUM. It will use the funds to boost capital base.

Five Star Business Finance

The Rs.2,752 crore IPO will comprise entirely of an offer for sale to give exit to early investors and partial exit to promoters. The company is based out of Chennai and services the Southern region with 93% of revenues coming from unbanked population in 4 states.

Arohan Financials

The Rs.1,800 crore IPO will comprise of a fresh issue of Rs.950 crore and an offer for sale of Rs.850 crore. Arohan is an NBFC and is also into microfinance serving the unpenetrated segments of the market. The IPO will help boost its capital adequacy.

Northern Arc Capital

The Rs.1,800 crore IPO will comprise of a fresh issue of Rs.300 crore and an offer for sale of Rs.1,500 crore. Northern Arc is also an NBFC and will look at the fund raising to boost its capital adequacy and expand lendable resources.

Utkarsh Small Finance Bank

The Rs.1,350 crore Utkarsh Small Finance Bank IPO will comprise of a fresh issue of Rs.700 crore and an offer for sale of Rs.650 crore. The company is an SFB based out of Varanasi and is very strong in Uttar Pradesh, Uttarakhand and Bihar belt. IPO will be used to boost capital adequacy.

Fincare Small Finance Bank

The Rs.1,330 crore Fincare Small Finance Bank IPO will comprise of a fresh issue of Rs.1,330 crore and an offer for sale of Rs.1,000 crore. The small finance bank will use the proceeds of the fresh issue component to augment its tier-1 capital and improve its lendable resources.

Tamilnad Mercantile Bank

The Rs.1,000 crore IPO of Tamilnad Mercantile Bank will comprise of a fresh issue of 158.3 lakh shares and an offer for sale of 12,505 shares. TMB was established as Nadar Bank in 1921 and is one of the oldest private banks in India. The bank will be looking to use the proceeds of the IPO to boost its capital buffer and expand the lending book.

Muthoot Microfinance

The Rs.800 crore IPO will be issued by the microfinance arm of the Muthoot Pappachan group, which has leadership in gold loans. Muthoot Microfinance basically provides loans to women across rural areas. The IPO will be a combination of a fresh issue and an offer for sale (OFS).

Fusion Microfinance

Fusion is one of the leading providers of microfinance lending to small and budding entrepreneurs in rural and semi-urban areas. The IPO will comprise of a fresh issue of Rs.600 crore and an offer for sale of 219.65 lakh shares by existing holders.

Penna Cement

The Rs.1,550 crore IPO will comprise of a fresh issue of Rs.1,300 crore and an offer for sale of Rs.250 crore. This is the second attempt of this Hyderabad based cement company and will be used to reduce debt and for expansion.

Sterlite Power Transmission

The Rs.1,250 crore Sterlite Power Transmission IPO will comprise of a fresh issue and is part of the Vedanta group. Sterlite Power owns and manages power transmission assets and these are spread across India and Brazil.

Paradeep Phosphates

The Paradeep Phosphates IPO will comprise of a fresh issue of Rs.1,255 crore and an offer for sale of 12 crore shares by existing shareholders. Paradeep, based out of Odisha, is into the manufacture of phosphatic fertilizers.

Adani Wilmar

The Rs.4,500 crore Adani Wilmar IPO will comprise entirely of a fresh issue of Rs.4,500 crore. It is a joint venture between Adani group and Wilmar of Singapore and offers the total food chain solutions from farm to fork. Their Fortune brand is quite popular.

Keventer Agro

The Rs.800 crore IPO will comprise predominantly of an OFS of Rs.425 crore and a fresh issue of Rs.375 crore. Keventer has presence in the packaged food, dairy products and fresh food products vertical. It franchises Frooti, Appy, Bailey and Appy Fizz from Parle Agro.

Gemini Edibles and Fats

The Rs.2,500 crore Gemini Edibles and Fats IPO will comprise predominantly entirely of an offer for sale (OFS). Gemini Edibles is into food related FMCG products and is popularly known for its Freedom Brand of Sunflower oil.

SAMHI Hotels

The overall IPO size could be in the range of Rs.2,000 crore and will comprise of a fresh issue of Rs.1,100 crore and an OFS of Rs.191.46 lakh shares. SAMHI Hotels, based out of Gurugram, manages 27 luxury hotels across 12 cities including the Marriott chain of hotels as well as the Hyatt chain of hotels in India.

Apeejay Surendra Park Hotels

The Rs.1,000 crore IPO of the Apeejay Surendra Park Hotels will comprise of a fresh issue of Rs.400 crore and an offer for sale of Rs.600 crore. The group has a strong franchise in the East and its Park hotels almost exist across India. It is a mid-range hotel.

Chemspec Chemicals

The Rs.700 crore IPO of Chemspec Chemicals will entirely be by way of an offer for sale to give exit to early investors and partially to promoters. Chemspec Chemicals manufactures popular additives for the FMCG sector. The idea of the OFS based listing is to enable the company to get a market based valuation and better visibility.

Go Airlines

The Rs.3,600 crore Go Airlines IPO will comprise entirely of a fresh issue. The issue proceeds will be used for reduction of debt including payables like the fuel dues to IOCL and lease rentals on aircraft. Go Air, as per latest DGCA data, has 9.1% market share in domestic routes.

Tracxn Technologies

The IPO will comprise of an offer for sale (OFS) of 386.72 lakh shares by the promoters and early investors. Tracxn offers a subscription service for investment bankers, corporates and PE funds to track the private and unlisted companies in emerging technology space.

ESDS Software

The ESDS Software IPO is expected to hit the IPO market in the first half of January. ESDS issue will comprise of a fresh issue of Rs.322 crore and an offer for sale of 2.15 crore shares. ESDS is a Nashik based cloud services company catering to organizations in the private and the government sector.

Some honourable mentions of possible IPO candidates in 2022

Finally, there are some more names that are expected to hit the IPO market in 2022, but as of now even the plans are yet to be firmed up. Some of these names include:

1) HDB Financial Services
2) Aakash Educations
3) ECOM Express
4) Ola
5) Byju’s
6) Swiggy

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