In India, 2021 was nothing short of a roller-coaster ride for initial public offerings. By and large, new entrants into the primary market fared okay—however, a few blunders near the finish, such as Paytm.
In 2021, a large number of companies in India will be listed on the stock exchange. This record-breaking IPO debut can be credited to the government’s and RBI’s pro-business stance, which resulted in a flood of foreign funds.
Manufacturing and digitization, on the other hand, multiplied. In addition, corporations have seen an increase in investment participation. With several large firms set to launch on the stock market in 2022, this IPO frenzy is projected to expand.
Upcoming IPOs in January 2022
A list of companies planning to enter the primary market for Upcoming IPO in January 2022 is shown in the table below. Please keep in mind that the list is provisional and subject to change as more information becomes available.
- Emcure Pharmaceuticals, a company that develops, markets, and manufactures pharmaceutical goods, aims to go public with an Rs. 4,500 crore public offering.
- The IPO will include Rs. 1,100 crore new share issue as well as an offer for sale of approximately 18,168,356 equity shares.
- The proceeds will be used for debt repayment and general corporate reasons, according to the corporation.
Arohan Financial Services
- Arohan Financial Services is India’s largest NBFC-MFI based in the eastern part of the country. The organization focuses on giving microloans to women to help them start and grow their small enterprises.
- The company intends to raise Rs—one thousand eight hundred crores through its IPO. According to the DRHP, the public offering will include a fresh share issuance of Rs. The present shareholders have an eight hundred fifty crores and a 2.7 crore equity share offer for sale.
- The book-running managers for this IPO are Edelweiss Financial Services, Nomura Financial Advisory & Securities, ICICI Securities, and SBI Capital Markets.
- MobiKwik is India’s primary mobile wallet provider and a significant fintech startup. The business focuses on India’s fast-paced online trading
- MobiKwik intends to enter the primary market with an issue size of Rs. One thousand nine hundred crores, according to its draft filings. The public offering consists of fresh issuance of 1,500 crores and an OFS worth Rs. 400 crores.
- The primary goal of this IPO is to fund the company’s organic and inorganic expansion ambitions.
Jana Small Finance Bank
- In India, Jana Small Finance Bank is a significant financial institution. The company predominantly serves semi-rural and rural Indian communities. It generally focuses on establishing branches in locations where the names of the major financial institutions are not well-known.
- Jana Small Finance Bank’s initial public offering will have a size of Rs. Two thousand crores, according to its DRHP. The IPO will include Rs. 1,300 crore offer for sale and an Rs. 700 crore fresh issuance of equity shares.
- SBI Capital Markets, ICICI Securities, and Axis Capital are the issue’s merchant bankers.
- ixigo provides Indians with travel solutions such as flights, trains, buses, and hotel reservations. EaseMyTrip, Booking.com, and Yatra are among the company’s competitors.
- ixigo’s public offering raised Rs. One thousand six hundred crores, with a fresh issuance of Rs. Seven hundred fifty crores and an OFS of Rs. 850 crores.
- Micromax and Elevation Capital will exit the company partially as part of the public offering. The money will also be used for inorganic and organic expansion efforts and general corporate purposes by ixigo.
Northern Arc Capital
- Northern Arc Capital has been in the market for over a decade and is registered with the RBI as a non-deposit non-banking NBFC. Both indirectly and directly, the corporation provides financing to underserved businesses and people.
- An OFS of 36,520,585 equity shares and a fresh issuance of shares for Rs. 300 crores make up the IPO’s issue size.
- Before filing a DRHP with the market regulator, the company may consider issuing these shares in a private placement for a cash price of up to Rs. 150 crores.
- Penna Cement, situated in Hyderabad, is a market leader in cement production capacity. It has an excellent brand recall in India’s western and southern regions.
- Penna Cement’s public offering will include a fresh share issuance of Rs. One thousand three hundred crores and an OFS of roughly Rs. Two hundred fifty crores, according to its DRHP.
- Penna Cement intends to use the funds from this IPO to pay down debt and meet capital requirements.
Fincare Small Finance Bank
- Fincare Small Finance Bank is another small finance bank in the queue, with a network of over 528 banking and 219 commercial correspondence outlets.
- In addition, the corporation operates 108 ATMs in 16 states and three U.S. territories.
- According to its red herring prospectus, the public offering will be valued at Rs. 1,330 crores. An OFS worth Rs. One thousand crores and a fresh share issuance worth Rs. Three hundred thirty crores will make up the overall issue size.
- The financial services firm has received approval from SEBI and plans to use the proceeds from the IPO to boost its Tier 1 capital.