Upcoming IPOs in February 2022
The year 2021 saw a string of IPOs releasing, making it one of the busiest years for the IPOs in the stock market. One 97 Communications aka - PAYTM, raised around ₹ 18,300 Crores in November 2021, making it the biggest IPO in India till date. Paras Defense and Space Technologies, which brought out the IPO with an issue price of ₹ 175, gained more than 181% closing at ₹ 492 on its listing day. The IPOs released until December 2021 raised more than 1.18 Lakh crores from 60+ IPOs, making it the biggest year for the IPO market. And to help you plan your investments, here we bring to you the upcoming IPOs scheduled to release in February 2022
- Upcoming IPOs in February 2022
Three of the most important details of upcoming IPOs that you absolutely need to know are the issue size, the opening date and closing date. Therefore, let’s quickly take a look at these factors.
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Sr No
|
Name of the Company
|
Issue Size
|
Opening Date
|
Closing Date
|
|
1
|
Vedant Fashion Ltd
|
₹3,149.19 Cr
|
February 4, 2022
|
February 8, 2022
|
|
2
|
NSE Ltd
|
₹10,000 Cr*
|
To be announced
|
To be announced
|
|
3
|
Go Airlines Ltd
|
₹3,600 Cr*
|
To be announced
|
To be announced
|
|
4
|
Ixigo (Le Travenues Technology) Ltd
|
₹1,600 Cr*
|
To be announced
|
To be announced
|
|
5
|
Arohan Financial Services Ltd
|
₹850 Cr*
|
To be announced
|
To be announced
|
*indicate Tentative in nature
Now that you’re acquainted with the list of IPOs in February 2022, here are some of the details of the companies and their public issues.
Vendant Fashion Ltd is an Indian clothing company, which owns brands such as - Manyavar, Mohey, Mebaz, Manthan and Twamev. The company operates its business through franchise-owned exclusive brand outlets (EBOs), multi-brand outlets (MBOs), large format stores (LFSs), and online platforms, including its website and mobile application. As of September 30, 2021, the company had a retail footprint of 1.2 Mn sq. ft covering 535 EBOs (including 55 shop-in-shops) spanning 212 cities and towns in India, and 11 EBOs overseas across the United States, Canada, and the UAE. The company will open for IPO subscription from February 4, 2022 until February 8, 2022. The total issue size of the company is ₹3,149.19 crores, which is a total offer for sale.
NSE is the leading stock exchange in India and the fourth largest in the world by equity trading volume in 2015, according to WFE. The company owns and manages the NIFTY 50 index, a leading benchmark for the Indian capital markets. It offers comprehensive coverage of the Indian capital markets across asset classes, including equity, fixed income and derivative securities. The company has a fully-integrated business model comprising the exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. The company also oversees compliance by its trading and clearing members and listed companies with the rules and regulations of the exchange. The issue size for the IPO is estimated to be around ₹10,000 crores whereas the date of issue is yet to be declared.
Go Airlines is an ultra-low-cost carrier (“ULCC”) focused on maintaining low unit costs and delivering compelling value to customers that drives its unit revenues. It is one of the fastest growing airlines in India, with an increase in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. For the year ended on March 31, 2020, the company reported total revenue of ₹ 735.80 Crs, with a loss of ₹ 127.70 Crs, owing to the COVID-19 pandemic. The IPO issue size is tentatively anticipated to be around ₹ 3,600 Crs, whereas the date of the issue is yet to be declared.
- Ixigo (Le Travenues Technology) Ltd
Ixigo is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels. The company assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on its OTA platforms, comprising the websites and mobile applications. As of March 2021, the revenue from operations stood at ₹ 1.79 Billion with PAT standing at ₹60.88 Million. The company has the highest app usage among OTAs with 37.48 million users, based on MAUs in March 2021. The IPO issue size is estimated to be around ₹1,600 Cr*, opening in February 2022.
- Arohan Financial Services Ltd
Arohan Financial Services ltd is a leading NBFC-MFI with operations in financially under-penetrated Low Income States of India. The NBFC company provides income generating loans and other financial inclusion related products to customers who have limited or no access to financial services. As of September 30, 2020, its Gross Loan Portfolio (“GLP”) was ₹48.57 billion. It is the largest NBFC-MFI in Eastern India and the fifth largest NBFC-MFI in India based on Gross Loan Portfolio as of September 30, 2020. The IPO size for the IPO is tentatively stated to be around ₹850 crores.
- Other expected IPOs in February 2022
The ones you read above aren’t the only IPOs coming out in February 2022. There are certain others still in the pipeline! Let’s take an overview of those!
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Sr No
|
Name of the company
|
Opening Date
|
Closing Date
|
|
1
|
Penna Cement Industries Ltd
|
To be announced
|
To be announced
|
|
2
|
Mobikwik One Mobikwik Ltd
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To be announced
|
To be announced
|
|
3
|
Seven Island Shipping Ltd
|
To be announced
|
To be announced
|
|
4
|
Tracxn Technologies Ltd
|
To be announced
|
To be announced
|
|
5
|
Paradeep Phosphates Limited
|
To be announced
|
To be announced
|
Conclusion
So, now that you have the list of upcoming IPOs going live in the month of February 2022, make yourself investment-ready and get the opportunity to invest in some new-age technology-empowered companies. But before you decide to invest, ensure that you have an online trading and Demat Account with a SEBI registered stockbroker!
If you are a new investor and want to open a Demat account with us, all you have to do is click on the button given below!
If you already have a Demat Account with Motilal Oswal, make sure you check out this page for more updates on the IPO calendar. Stay tuned!