The year 2021 proved to be a beneficial year for primary markets, wherein more than 63 IPOs went public, raising more than 1 Lakh Crore. It is estimated that approximately 1 million investors participated in this IPO rally. The largest IPO was from One97 Communications (PAYTM) for Rs 18,300 crore — the largest offering historically in India. New-age technology brands like Paytm, Zomato, Nykaa and Policybazaar, released initial public offerings (IPOs) in India during 2021 even as the stock market key indices leaped to new highs shrugging off COVID concerns. Now, beginning with 2022, experts suggest that there will be a similar wave of IPOs continuing starting with LIC coming out in March 2022. So, let’s take a quick look at all the IPOs that are lined up to go public in 2022.
The following table displays the list of companies set to go public in the year 2022.
|Name of the Company||Issue Size in Rs. Crores (Tentative)||IPO Date (Tentative)|
|Utkarsh Small Finance Bank||1,350||2022|
|Paradeep Phosphates||1,255 + OFS||2022|
|Fincare Small Finance Bank||1,330||2022|
|Seven Islands Shipping||600||2022|
|SAMHI Hotels||1,800 - 2,000||2022|
|Apeejay Surrendra Park Hotel||1,000||2022|
|Gemini Edibles and Fats||2,500||2022|
|ESAF Small Finance Bank||998||2022|
|Medi Assist Insurance TPA Pvt. Ltd.||800||2022|
|Inspira Enterprise India Ltd.||800||2022|
|Fusion Microfinance||600 + OFS||2022|
|Shri Bajrang Power and Ispat Ltd||700||2022|
|Hinduja Leyland Finance||500||2022|
|VLCC Healthcare||300 + OFS||2022|
|ESDS Software Solutions Limited||322 + OFS||2022|
|Annai Infra Developers||200 - 250||2022|
|Popular Vehicles and Services||150 + OFS||2022|
|Prudent Corporate Advisory Services||To be updated||2022|
|Tamilnad Mercantile Bank||1,000||2022|
|Tracxn Tech||Entirely OFS||2022|
|HDB Financial||To be updated||2022|
|Century Metal Recycling||To be updated||2022|
|Aakash Educations||To be updated||2022|
|OYO Rooms||7,000 + OFS||2022|
|Droom||2,000 + OFS||2022|
|National Stock Exchange of India Ltd||To be updated||2022|
|Delhivery||5,000 + OFS||2022|
|Ecom Express||To be updated||2022|
|Navi||To be updated||2022|
|Snapdeal||1,250 + OFS||2022|
|Capillary Technologies||To be updated||2022|
|Ola||To be updated||2022|
|BYJU’s||To be updated||2022|
|Swiggy||To be updated||2022|
|AGS Transact Technologies Ltd||To be updated||2022|
|Adani Wilmar Ltd||To be updated||2022|
|Vedant Fashion Ltd||To be updated||2022|
|*The issue size and issue dates will vary.|
India’s largest insurance provider and the most anticipated IPOs of all time has successfully filed its DRHP with the SEBI. With an issue size of more than ₹70,000 Crores, the LIC IPO will be India’s biggest IPO till date, beating PAYTM which came out last year. Check the details and other related things about the IPO on the LILC IPO page.
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. The IPO issue size is tentatively anticipated to be around ₹3,600 Crs, whereas the date of the issue is yet to be declared.
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 & other financial inclusion related products. The IPO size for the IPO is tentatively stated to be around ₹1800 crores.
Mobikwirk is a Fintech company which was incorporated in the year 2009. Ranked amongst one of the largest mobile wallets players in India, the company has operations divided into 3 segments. The total issue size of the latest IPO of Mobikwik Ltd is expected to be around Rs 1900 crores, which includes a fresh issue of ₹1500 crores & an OFS for ₹400 Crores.
Utkarsh Small Finance Bank provides microfinance options to underserved or unserved segments, particularly in the states of Bihar and Uttar Pradesh. The main aim of Utkarsh Small Finance Bank IPO is to raise capital for further enhancements. The IPO will include a fresh issue of shares that amount to ₹750 Crores & provide an offer of ₹600 Crores for sale.
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 through innovations on its OTA platforms, comprising the websites and mobile applications. The IPO issue size is estimated to be around ₹1,600 Cr, opening in early 2022.
Penna Cement Industries is one of the largest privately held cement companies in India and a leading integrated cement player in terms of cement production capacity, as of March 31, 2021. The total issue size of the latest IPO of Lava International Ltd is expected to be around ₹1550 crores.
Based out of Kolkata, Keventer Agro Ltd, is a fast moving consumer goods (FMCG) company, which keeps interest in packaged, dairy, and fresh food products. The IPO will aim to raise a capital of ₹800 crores, which shall include both a fresh issue and an Offer for sale.
Paradeep Phosphates, a leading fertilizer company, is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as di-ammonium phosphate (DAP) and NPK fertilizers. The IPO comprises a fresh issue of equity shares worth ₹1,255 crore & an offer for sale (OFS) of up to 12,00,35,800 shares.
Sterlite Power, is a leading private sector power transmission infrastructure developer and solutions provider, operating in India and Brazil. The IPO issue size of the company is anticipated to be around ₹1,250, which will include both - a fresh issue and an offer for sale.
Headquartered in Bengaluru, Fincare Small Finance Bank is a micro-financing bank, which provides a wide range of banking services to its customers numbered over 25 lakhs. The total issue size of the latest IPO of Fincare Small Finance Bank Ltd is expected to be around ₹1330 crore, comprising a fresh issue of ₹330 crores & an OFS will stand at ₹1000 crores, as per the DRHP filed.
Headquartered in Mumbai, Seven Islands Shipping Limited is a seaborne logistics company, incorporated in 2002. It is engaged in the trading of petrochemical lubricants, crude oil, and more. The company aims to raise funds worth ₹600 crores via public issue, which shall include a fresh issue of ₹400 crores.
Bajaj Energy and Lalitpur Power Generation Company Ltd, are amongst the largest private sector thermal power generation companies in North India. The company deals in developing and financing thermal power plants in India, and aims to raise a capital of ₹5450 via IPO in the mid 2022.
Headquartered in Hyderabad, Telangana, Gemini Edibles and Fats Ltd is one of the leading and the fastest growing edible oils and fats companies in India. According to the DRHP filed by the company, the IPO will aim to raise ₹2500 Crores, slated to go live in the mid 2022.
Medi Assist Healthcare Services Ltd, Bengaluru-based healthcare company, aims to raise funds via an initial public offering which aggregate upto ₹840-1,000 crore. The IPO will consist of a pure offer for sale of 2.8 crore equity shares by Dr. Vikram Jit Singh, Medimatter Health management, Bessemer Health Capital LLC, and Investcorp Pvt. ATE Equity Fund.
The company is a leading cybersecurity and digital transformation services company in India as well as globally. The company aims to raise a capital ₹800 crores via an IPO. The IPO consists of a fresh issue of ₹300 crores & an offer for sale of ₹500 crores by its existing shareholders & promoters.
Incorporated in 1997, Muthoot Finance Ltd is the Kerala - based largest gold financing company in India in terms of loan portfolio. The company is planning to go live with its IPO to raise a fund of ₹700 crores through 51,500,000 Equity Shares.
Chemspec Chemicals is a leading manufacturer of critical additives for the FMCG ingredients used in hair and skincare products worldwide. According to the DRHP filed by the company, the IPO will aim to raise ₹700 Crores, slated to go live in the mid 2022.
Founded in 1996, VLCC Healthcare Ltd is a beauty and wellness company. The company operates its business through its 3 core business models - 1) Wellness & Beauty Clinic; 2) Personal care products; and 3) Institutes for skill development. The IPO will issue a fresh issue of ₹700 Crores, which will be coming out in December 2021.
Tamilnad Mercantile Bank Limited is one of the oldest and leading old private sector banks in India which offers a wide range of banking & financial services primarily to micro, small & medium enterprises. The IPO will aim to raise a capital of ₹1000 crores, which shall include both a fresh issue and an Offer for sale.
A subsidiary of HDFC Bank, the NBFC company is amongst the leading private sector companies in the lending business. As per the DRHP filed with SEBI, the company aims to capture a valuation of ₹60,000 to ₹65,000 crores with its IPO, the size of which is yet to be declared.
Century Metal Recycling Limited (CMR), is India’s largest producer of Aluminium and Zinc die-casting alloys with a combined annual capacity of over 218,000 MT. The company intends to go live with its IPO in 2022, whereas the issue size and the date are yet to be finalized.
Founded in the year 2013, Oravel Stays Ltd, styled as OYO Rooms offers a new-age technology platform that empowers the large yet highly fragmented global hospitality ecosystem. The total issue size of the IPO is expected to be ₹7000 crores issued via fresh issue. The IPO date is yet to be announced.
NSE is the leading stock exchange in India & the 4th largest in the world by equity trading volume in 2015. The company owns & manages the NIFTY 50 index, a leading benchmark for the Indian capital markets. The issue size for the IPO is estimated to be around ₹10,000 crores whereas the date of issue is yet to be declared.
Delhivery Limited is one of the largest and fastest-growing fully-integrated logistics services players in India. With a nationwide network that spans to 71 fulfillment centers, the company plans to go live with its IPO in 2022. The company aims to raise funds of Rs 5000 via fresh issue and another sum via an offer for sale (OFS) which is yet to be declared.
Bengaluru-based Navi Group is a financial services company which provides personal loans and home loans through Navi Finserv, and health insurance through Navi General Insurance. The company plans to go public in 2022, with an undisclosed issue size.
Snapdeal Limited, India's largest pure-play value e-commerce platform. With over 200 million app installations on Google Play Store, it is the most installed pure-play value e-commerce application. The company is planning to go public with its IPO via fresh issue of ₹1250 crores and an additional capital raised through OFS.
OLA has become the largest ride-hailing aggregator in India, beating Uber. In 2021, the company also entered the electric vehicle market by manufacturing the electric two-wheeler vehicles, thereby promising a healthy start. The ride-hailing company is expected to go public in 2022, with an anticipated issue size of Rs 2000 crores.
BYJU’s The largest online education company in India, BYJU’s current valuation stands at $15 Billion, making it one of the most valued companies in India. With online learning modules flourishing, the company aims to provide another booster to its business by going public this year.
BYJU’s Indian food delivery company Swiggy, which is backed by SoftBank Group, has started preparations to raise at least $800 million in an IPO early next year. The food delivery company doubled its valuation to $10.7 billion in its latest funding round in January 2022. Swiggy's grocery delivery service Instamart is an addition to its food delivery business, spanning its control over the delivery-related sector in India.
One of the largest integrated omni-channel payment solutions providers in India, AGS Transact Technologies Ltd went public on 21st Jan 2022. The IPO was subscribed over 3.25 times in the retail category and closed at Rs 160.5, experiencing a fall of 8.29%
The company is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat, flour, rice, pulses, etc. The company went public on 31st Jan 2022 and was subscribed over 4 times in the retail category to close at Rs 267.35, experiencing a gain of 16.24%
Vedant Fashion Ltd is India’s leading company in the men’s Indian wedding and celebration wear sector. The company went public on 8th February 2022 and was subscribed over 2.57 times overall to close at Rs 943.05, experiencing a gain of 8.90%