With just a few months left until the end of the year 2022, the Indian IPO market is likely to witness a surge in the number of public issues. As a matter of fact, a host of different companies have already filed their Draft Red Herring Prospectus (DRHP) with the SEBI.
However, with so many upcoming IPOs in 2022, you might find it tough to determine the ones you need to invest in. Here’s where this article can help. We’ve come up with a list of the top IPOs that you may look to invest in if they see the light in 2022. Continue reading to find out what they are.
The following list of the top upcoming IPOs are all tentative in nature, which essentially means that they’re not confirmed to launch by the end of the year 2022. However, there are strong indications that they might see the light within this year.
More concrete information regarding the IPOs listed below may come to light in the near future, once the entities file the final Red Herring Prospectus (RHP) with the SEBI. Now that we’ve gotten this out of the way, let’s take a look at the upcoming IPOs.
Now rebranded as Go First, Go Airlines (India) Limited is one of the many ultra-low cost carriers (ULCC) in India. The entity recently has seen a huge surge in its market share, occupying more than 10.8% of the total Indian market. With a total flight inventory of more than 56 aircrafts, Go First serves 28 domestic and 9 international destinations.
The company’s upcoming IPO is slated to be worth Rs. 3,600 crores, with the entire issue’s proceedings going to the company for fulfilling its IPO objectives. As of now, there seems to only be a fresh issue of shares with no Offer for Sale (OFS) component from the promoters.
One of the many small finance banks in India, Utkarsh Small Finance Bank Ltd was incorporated in the year 2016. With total Assets Under Management (AUM) worth Rs. 50 billion, the bank is the second fastest in terms of growth during the financial years 2019 and 2022. The primary objective of the bank is to provide financial services to the unserved and underserved segments of the Indian populace.
Through its upcoming IPO, the bank is looking to issue fresh shares to the tune of Rs. 500 crores. Apart from the fresh issue of shares, there’s no Offer for Sale (OFS) from the company’s promoters. This effectively means that the entire proceeds of Rs. 500 crores from the IPO would go to the company and can be used to further its objectives.
The largest financial services platform in India as on January 31, 2022, KFin Technologies Limited is in the business of providing a host of solutions to capital market participants. In addition to that, the company also provides several investor services and solutions across multiple asset classes. Out of a total of 42 registered Asset Management Companies (AMCs) in India, KFin Technologies provides service to about 25 of them.
The upcoming IPO of KFin Technologies Limited has a total issue size of about Rs. 2,400 crores. The entire issue is one large Offer for Sale (OFS) from one of the company’s promoters - General Atlantic Singapore Fund Pte. Ltd. This means that the funds from the public issue would go only to the promoter and not the company itself.
Yatra Online is the second largest online travel company in India and the largest corporate travel services provider. It boasts of over 20,94,000 tie-ups with hotels and accommodative facilities spread across the world. Providing both travel and hospitality related services to the B2C and the B2B segments, Yatra Online Limited has great future growth potential. The company has already listed itself in the U.S. stock exchanges in the year 2016 itself.
According to the Draft Red Herring Prospectus (DRHP) filed by the company, the upcoming IPO of the entity is likely to come with both a fresh issue component as well as an OFS component. The company is looking to issue fresh shares to the tune of Rs. 750 crores, which it plans to use for a range of different objectives. Meanwhile, through the OFS component, two of the largest promoters of the company are planning to sell as many as 93,28,358 equity shares.
Vikram Solar is India’s largest solar panel module manufacturer as of December 31, 2021. The company is not only involved in the manufacturing of Photovoltaic (PV) modules, but also in offering engineering, procurement, and construction (EPC) services. Furthermore, Vikram Solar offers Operation & Maintenance (O&M) services as well. The company enjoys a domestic market share of about 19%, with over 2.5 GW of installed manufacturing capacity of solar PV modules.
The upcoming IPO of Vikram Solar Limited consists of both a fresh issue of shares and an Offer for Sale (OFS) component. The company is planning to raise about Rs. 1,500 crores via the fresh issue, which it will use to further its objectives. And through the OFS component, promoters of the company are planning to offload around 50,00,000 equity shares of the company.
With this, you must now be aware of some of the best upcoming IPOs in 2022 that you can consider investing in. That said, before you go ahead with your investment, make sure that you have an active demat account in your name. Without one, it is not possible to invest in any stock. If you don’t have one, simply visit the website of Motilal Oswal right away. You can quickly open a demat account and a trading account within just a few minutes.