Upcoming IPOs in May 2022 | Motilal Oswal

Upcoming IPOs in May 2022

Even as one quarter of the calendar year comes to a close, it’s time to pay attention to the initial public offerings (IPOs) coming up in May 2022. 

One of the biggest upcoming IPOs is the much-anticipated LIC IPO. The insurance firm is expected to announce its IPO in early May. The date till which the state-owned insurance firm has time to launch its IPO without filing a fresh draft red herring prospectus (DRHP) is May 12. According to the DRHP, the insurer’s IPO has a value of nearly Rs 5.4 lakh crore (embedded) as of the end of September last year. The IPO, when launched, would be not only one of the biggest May 2022 IPOs but also the biggest IPO in market history. The government is expected to sell a 5 per cent stake in the insurance giant and is likely to get around Rs 60,000 crore. 

The other upcoming IPOs include the housing finance firm Aadhar Housing Finance, luxury hotel chain Park Hotels and energy company Sterlite Power Transmission. 

Aadhar Housing Finance: IPO details

The housing finance company Aadhar Housing Finance is expected to raise Rs 7,300 crore wherein Rs 1,500 crores worth of fresh shares would be issued and an offer for sale (OFS) of Rs 5,800 crore would be included. 

Fusion Micro Finance: NBFC IPO

Non-banking financial company, Fusion Micro Finance, which provides microfinancing services, is expected to launch a Rs 600 crore IPO, comprising an offer for sale of nearly 2.19 crore shares, as per its DRHP filed with market watchdog SEBI. 

Inspira Enterprise India: tech IPO

Cybersecurity firm Inspira Enterprise’s maiden offering is also one of the upcoming IPOs for May. If launched, this tech firm’s IPO will have an offer for sale worth Rs 500 crore, apart from a fresh share issue worth Rs 300 crore. 

Sterlite Power Transmission: what’s on offer?

The energy company, which is another of the upcoming IPOs in May 2022, is expected to raise Rs 1,250 crore by way of initial sale of shares, as per the DRHP filed last year. The company is also likely to consider a pre-maiden public offering placement worth Rs 220 crore. In case the pre-placement is made, the IPO’s issue size would be lowered. 

Park Hotels: May 2022 IPO

This luxury five-star hotel chain is expected to launch a Rs 1,000 crore-size IPO and is awaited in May 2022. The IPO will consist of Rs 600 crores worth of offer for sale, apart from a Rs 400-crore-worth issue of fresh shares. 

As per news reports, 49 firms have been given approvals to go ahead with listing their IPOs including logistics firm Delhivery, API Holdings, ESDS Software, Keventer Agro and Emcure Pharmaceuticals, among others. Meanwhile, many IPOs, including big names such as Go Airlines, MobiKwik, PharmEasy and Ola are yet to announce the dates for the launch of their IPOs as of now. 

Looking to invest in one of the May 2022 IPOs? Start your research but the first step you would need to take is to open a demat account online. You will then be guided through the next steps so you can apply for upcoming IPOs and begin your investment journey. 

 

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