The stock market has not been performing great since the advent of the Covid-19 pandemic. However, the fact that the Indian stock market is trying to recover every now and then can never be left in oblivion, which is obviously a good thing. This is why people are also gaining interest in the upcoming IPO updates in India.
For this, we have curated a list of the top 10 upcoming IPO options that you can consider investing in if you still have faith in the stock futures of the country. Some of the prominent and known companies like Go Airlines, MobiKwik, and PharmEasy would also be a part of the list. Therefore, you should definitely have a look at it as it is surely worth it.
Top 10 Upcoming IPO Options To Know
The upcoming IPO companies that have been mentioned below can be game changers in the stock market industry. So, have a look at the list carefully and pick out the names that you think might be potential investments for you.
[Note: The latest IPO updates list has been sorted according to the speculated date of the IPO.]
1. Go Airlines
Go Airlines (also known as Go First) has been one of the aviation companies that have gained trust and popularity over time. This is due to the fact the company has always believed in selling their flight tickets at an affordable price that has been adored by the people of our country.
The airline connects to 25 major cities in the nation. In addition, it also has made its way into the 10 international routes as well. The company has filed a DRHP with the Securities and Exchange Board of India (SEBI). According to the data released in it, Go Airlines will raise ₹3,600 crore through the latest IPO and the shares’ face value would be ₹10.
2. Arohan Financial Services
Arohan Financial Services was established in the year 1991 and is one of the major NBFC-MFIs in the country. The company usually works in the low-income and less-privileged states of India, which is one of the primary reasons that it gained an immense level of trust from citizens over time. It is an upcoming IPO 2022 that will be raising funds ranging between ₹1,750 crore and ₹1,800 crore. This new IPO will consist of a fresh share issue worth ₹850 crore along with an offer for sale (OFS) for existing shareholders that would consist of 27,055,893 shares.
MobiKwik is a mobile wallet service provider indigenous to India. In addition, it also offers Buy Now Pay Later (BNPL). The company has been known to people due to the online wallet facilities it enables along with the BNPL scheme that has benefited a host of people in the country. The company has repeatedly stated that they just do not want to provide digital cash services but want to identify the credit needs of their customers and work on them. This new IPO will have an issue size of ₹1,900 crore, which would include a fresh issue of ₹1,500 crore.
4. Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited is a financial institution in the country that is also a part of the upcoming IPO 2022 list. It operates mainly in the states of Bihar and Uttar Pradesh in the country and enables microfinance options to people residing there. The thing that this company is not known to many should not affect its potential to do well in the stock market. According to the DRHP filed by it with SEBI for this new IPO, the total issue size of this forthcoming IPO is ₹1,350 crore. It comprises a fresh issue of ₹750 crore along with an offer of selling equity shares worth ₹600 crore.
5. Ixigo (Le Travenues Technology Ltd)
Ixigo tops the list when technological advancements in the aviation industry of India are considered. The company was founded in 2007 (headquartered in Gurgaon) and works on an AI-based system. The company filed its preliminary IPO documents with the SEBI on August 12, 2021. The airline is aiming to raise funds of about ₹1,600 through this forthcoming IPO. This upcoming IPO 2022 will have an offer for sale for existing shareholders that would be worth ₹850 crore. The new issue of shares by Ixigo will be worth about ₹750 crore.
6. Penna Cement Industries
Penna Cement Industries is an Indian company that manufactures building materials. Along with cement, it provides materials like blast furnaces as well. The company has been a major component of the cement manufacturing industry for a good twenty-five years. This upcoming IPO 2022 does have a huge amount of offerings. Though it is lesser-known it can still be looked forward to as sometimes the underdogs in the domain might win it all. The IPO fundraising will be worth ₹1550 crore, which comprises ₹1,300 crore of fresh issues, and an OFS of ₹250 crore.
7. Keventer Agro Ltd
Keventer Agro Ltd is a company that is situated in Kolkata. It is the largest FMCG company in the eastern part of the country. It deals with fresh, packaged, and dairy products. The company filed its DRHP on August 8, 2021, with the stock market regulator in the country, SEBI. The share offering comprises a fresh issue of ₹350 crore in addition to the OFS of about 10,767,664 equity shares by Mandala Swede SPV, which holds 6.61% shares of Keventer Agro currently. The organisation might even consider to raise about ₹50 crore via a pre-IPO placement that can shrink the size of the initial offer value.
8. Sterlite Power Transmissions
Sterlite Power Transmission (SPTL) is a company that had been found by billionaire Anil Agarwal. This company defines itself as:
The DRHP field by it for this new IPO states that the company is set to collect funds worth ₹1,250 crore. These funds would then be used to pay off the debts that have been accrued in the financial accounts of its subsidiary company, Khargone Transmission Ltd (KTL).
9. Fincare Small Finance Bank
Fincare Small Finance Bank is one of the financial institutions in India that aim to enable digital money solutions. They even promote the digitalisation of cash, which is known to reduce several problems that come with carrying cash in wallets or pockets. The papers filed with SEBI by the company for this forthcoming IPO state that they would be collecting about ₹1,330 crore through this upcoming IPO 2022. The fresh issuance would be worth ₹330 crore and OFS will be about ₹1,000 crore by Fincare Business Services Limited, which is the organisation’s promoter.
PharmEasy is an application that has been designed for the online order and delivery of medicines in India. The upcoming IPO that we will be talking about here is the parent company of this app, which is API Holdings. The reason we didn’t mention its name is that PharmEasy is more widely known, and it would be easy for our readers to sync in the information. Once it attains the regulatory approval from SEBI, it might become the latest IPO with a completely fresh issue of shares. The company currently aims to raise about ₹6,250 crore from this offering, obviously after getting approval.
Winding It Up!
The upcoming IPO 2022 list is over now but we hope that the opportunities of investing and earning through the stock market do not cease ever. Most of the companies mentioned above have been looking forward to making considerable fresh issues that might prove to be beneficial for the Indian stock market indices as well as traders. The currency volatile and bearish stock market trends might affect their performance but the condition is expected to improve soon. However, we do recommend you make a cautious decision after analysing and understanding the trends properly.