Upcoming IPOs in March 2022 | Motilal Oswal

Upcoming IPOs in March 2022

As we near the end of the financial year 2021-2022, the IPO market in India is likely to witness an upsurge in the number of companies. Although there’s no concrete information as to the exact date at which the following companies are likely to open up for subscription, we can expect them to hit the stock market in the month of March, 2022. If tracking upcoming IPOs is something that you find very tough, as always, our IPO calendar can help you out.   

Upcoming IPOs in March, 2022

As of now, there’s very little information on the opening and closing dates of the following IPOs since these companies have only filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India. Here’s a quick look at a few of the latest IPOs that are likely to hit the shores in March, 2022. 

Name of the company

Issue Size (Tentative)

Go Airlines (India) Limited

Rs. 3,600 crores

One Mobikwik Systems Limited

Rs. 1,900 crores

Keventer Agro Limited

Rs. 800 crores

Snapdeal Limited

Rs. 1,250 crores

Utkarsh Small Finance Bank Limited

Rs. 1,350 crores

 

Now that you’ve gotten a fair idea of the list of IPOs in July, let’s quickly go through some of the details of the companies. 

1. Go Airlines (India) Limited

Go Airlines (India) Limited, operating under the ‘Go First’ brand, is one of the Ultra Low Cost Carriers (ULCC) in India. The airline operates 56 aircrafts, including 46 Airbus A320 NEOs and 10 Airbus A320 CEOs, covering as many as 28 domestic and 9 international destinations. Go Airlines is looking to raise around Rs. 3,600 crores via the IPO, which it would use to reduce its debt. After delaying its IPO debut multiple times due to the stringent lockdowns enforced by various states, the airline is expected to launch it in the month of March, 2022. 

2. One Mobikwik Systems Limited

Following the heels of PayTM, Mobikwik, another fintech company that offers services similar to that of the former company, is also planning to come out with their IPO. The issue size of this upcoming IPO is likely to be around Rs. 1,900 crores, which would be put to use by the company to fund further growth initiatives. Considering the fact that fintech companies in general are going through a tough phase currently, Mobikwik is expected to come out with their IPO by the latter half of March, 2022. 

3. Keventer Agro Limited 

Keventer Agro, one of the more well-known brands operating in the packaged food, dairy, and fresh food products segments may also issue their shares for public subscription in the month of March, 2022. Operating under the Keventers brand, the company is quite famous for their milkshakes and other frozen foods and desserts. The total issue size of this latest IPO is likely to be around 800 crores, which includes both a fresh issue of shares as well as an Offer for Sale (OFS) from its promoters.  

4. Snapdeal Limited

Snapdeal is one of the many giants operating in the Indian e-commerce space. Looking to follow in the footsteps of Nykaa, Snapdeal has filed a DRHP with the SEBI for an upcoming IPO with an issue size of Rs. 1,250 crores via a fresh issue of shares. The company’s promoters, who include big names such as SoftBank, are also looking to offload a portion of their stake (30.77 million shares) via an Offer for Sale (OFS) component. 

5. Utkarsh Small Finance Bank Limited 

One of the many small finance banks in India, Utkarsh Small Finance Bank is now looking to enter the big league by offering its shares up for sale to the public. The company is planning for an IPO of Rs. 1,350 crores, where Rs. 750 crores would be from fresh issue of shares and the remaining Rs. 600 crores would be from an Offer for Sale (OFS) from its promoters. If the upcoming IPO of the bank is successful, it would join an exclusive list of small finance banks that enjoy the privilege of being listed in the exchanges. 

Conclusion

In addition to these five latest IPOs, there may be more in the fray as well. Keep an eye out on our IPO calendar to get more information and updates on upcoming IPOs. That said, if you don’t already possess a demat and trading account, now may be the right time to apply for one. This way, you can ensure that you have it ready by the time these IPOs hit the market. Visit the website of Motilal Oswal right away to open a demat account online within just a few minutes. 

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