Upcoming IPOs in India 2022 | TradeSmart

Upcoming IPOs in 2022

Here’s your ready reckoner of the latest and upcoming IPOs in India with its listing details.

Adani Wilmar Ltd

Adani Group company Adani Wilmar aims to raise up to Rs 4,500 crore with its upcoming IPO. The edible oil major has draft red herring prospectus (DRHP) with markets regulator Sebi for an initial public offer in the form of fresh issue of new equity shares by AWL for an amount of up to INR 4500 crore. Currently, six Adani group companies are listed on domestic bourses. Adani Wilmar Ltd sells cooking oils under the Fortune brand. It is a major player in the edible oil industry.

MobiKwik

MobiKwik’s upcoming IPO is looking to raise Rs. 1900 crore comprising fresh share issue of up to Rs. 1500 crore. Furthermore, the upcoming IPO will have an offer for sale worth Rs. 400 crore by promoters and certain shareholders. The digital payments start-up is targeting a valuation of approximately $1 billion with this upcoming IPO. Qualified institutional buyers will be allotted 75% of the IPO shares, whereas non-institutional and retail investors will be allotted 15% and 10% of the shares, respectively.

Aditya Birla Sun Life Asset Management Company

The upcoming IPO of Aditya Birla Sun Life Asset Management Company is likely to launch in the last week of September. The country's fourth-largest mutual fund with assets under management (AUM) as of December 2020 at Rs 2.75 lakh crore is looking to raise around Rs 3,000 crore in the share sale. The valuation of the company stands at about Rs 24,000 crore.

Aadhar Housing

The issue size of the upcoming IPO from Aadhar Housing aggregates up to Rs 7,300 crore. The fresh issue of shares component is likely to net the company around Rs 1,500 crore. The remaining Rs. 5,800 crore would go to the promoter of the company, BCP Topco VII Pte Ltd, an entity managed by Blackstone that owns 98.72% in the company. Aadhar Housing Finance will use proceeds from the fresh issue to boost its capital base. The company's capital to risk (weighted) assets ratio stood at 47.84% as of Sept. 30, 2020.

ESAF Small Finance Bank

ESAF Small Finance Bank has filed the DRHP with Sebi to raise Rs 997.78 crore through its upcoming IPO. This upcoming IPO includes a fresh issue of Rs 800 crore and an offer for sale of Rs 197.78 crore by existing selling shareholders. As part of the offer for sale, a promoter will be selling Rs 150 crore worth of shares, PNB Metlife India Insurance Company will offload shares worth Rs 21.33 crore, Bajaj Allianz Life Insurance Company Rs 17.46 crore, PI Ventures LLP Rs 8.73 crore, and John Chakola will selling off shares worth Rs 0.26 crore.

PolicyBazaar

PBFintech is the operator of India's largest online insurance aggregator, PolicyBazaar. The company's platform helps consumers analyse, compare and make informed decisions while buying insurance policies based on different parameters. It offers several insurance plans including life insurance, health insurance, motor insurance, travel insurance as well as group plans. In FY20, Policybazaar was India's largest digital insurance marketplace commanding a lion’s market share of 93.4 percent based on the number of policies sold. Policybazaar was responsible for 65.3 percent of all digital insurance sales in India by volume during the year.

LIC

LIC is a statutory insurance and investment corporation that comes under the ownership of the Ministry of Finance, Government of India. Founded in 1956 by merging nearly 245 insurance companies, LIC is the only insurance company that possesses a strong presence in rural as well as urban areas. As of now, LIC has around 2048 branches in India and there are 8 zonal offices. Apart from zonal branches, there are 112 divisional offices, 1526 satellite offices, and 1,178 mini offices in India. According to IRDAI, LIC collected a massive premium of Rs 1.84 lakh crore in FY21.

Paytm

One97 Communications, the parent company of Paytm, is one of the leading mobile payments and UPI platforms in the country. Founded in 2010, the company now operates in multiple business verticals like wallet, UPI, payments bank, e-commerce, lending, insurance, wealth management, e-games and advertising. It has a user base of about 350 million, out of which 50 million active users, 20 million registered merchant partners and payments bank has 60 million accounts. It reported consolidated revenue of Rs 2,802 crore and losses of Rs 1,701 crore for FY 2022.

Bajaj Energy

Bajaj Energy Limited (BEL) is one of the largest private sector thermal generation firms in Uttar Pradesh. The company has decades of expertise in financing, building, and running thermal power generation facilities. The company has a total gross installed capacity of 2,430MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by BEL and 1,980 MW from the power plant owned and managed by Lalitpur Power Generation Company Limited (LPGCL).

Paras Defence

Paras Defence and Space Technologies is a Tier 2 defence engineering company engaged in the designing, developing, manufacturing, and testing of a wide range of defence and space engineering products and solutions. The company has five key product verticals which include defence & space optics, niche technologies, defence electronics, heavy engineering and electromagnetic pulse protection solutions. It is India’s only company to bulk manufacture infrared optics. It also has the exclusive capabilities from concept design to commissioning of systems in defence electronics, defence & space optics and defence heavy engineering.

Arohan Financial

Arohan Financial Services is a leading NBFC-MFI with operations in economically low-income states of India. The Kolkata-based company provides loans and other financial inclusion products to financially underserved customers. Its financial services are classified into credit and insurance services. The company’s credit services include income generating loans and other loan products for several household purposes. For its insurance services, the company has forged partnerships with reputed Indian insurance firms for life and health insurance covers.

Nykaa

Nykaa is a leading omnichannel retailer for beauty, wellness and fashion products that caters to the requirements of more than 5 million active users month-on-month. Nykaa offers products from over 2500 brands its websites, apps and 70-plus brick-and-mortar stores across 38 cities over three different store formats. As of 2022, Nykaa has more than 12 warehouses across India that are dedicated to its fashion and beauty products. The firm’s total gross merchandise value (GMV) stood at INR 4045.98 crore in FY21, registering an increase of about 50.7% over FY20.

Studds Accessories

Studds Accessories is a world-leading manufacturer of two-wheeler and motorcycle helmets. It also manufactures two-wheeler lifestyle accessories such as luggage, gloves, helmet security guards, rain suits and eye wear. The company, founded in 1983, now has its presence in over 45 countries and produces around 7 million helmets every year. In 2016, the company launched its premium helmet brand SMK. Studds has four state-of-the-art manufacturing facilities, with world-class infrastructure and a team of trained experts, equipped to deliver over 13 million helmets per year.

Go Air

Go Airlines (India) Limited is an Indian ultra-low-cost airline based in Mumbai, Maharashtra owned by the Indian business conglomerate Wadia Group. Operating over 300 flights daily, the airline flies to over 39 destinations that include 10 international destinations. Recently rebranded as Go First, the airline’s fleet comprises 56 aircraft, of which 46 aircraft are A320 aircraft and 10 are A320 CEO models. The airline currently has an order book of 98 A320 NEO aircraft and will take delivery of eight additional A320 NEOs, in fiscal 2022, 14 in fiscal 2023 and 14 in fiscal 2024.

Shriram Properties

Shriram Properties is one of the leading residential real estate development companies in South India, which primarily caters to the mid-market and affordable housing categories. It is among the five largest residential real estate companies in South India, particularly in Bengaluru and Chennai. Shriram Properties also serves the mid-market premium and luxury housing categories, commercial and office space category as well as plotted development category. As of December 31, 2020, the company has completed 29 projects, representing 16.76 million sq ft of saleable area. Currently, it has 35 ongoing projects, projects under development and upcoming projects with a total projected marketable size of 46.74 million sq ft.