List of Upcoming IPOs in January 2022

As the year 2021 comes to a close and we usher a new year, the big question is whether the IPO magic of 2021 will be repeated in 2022 too? After all, year 2021 saw 65 IPOs raising more than Rs.1.31 trillion with 64 of these issues getting oversubscribed. IPOs as a portfolio have done pretty well as an asset class, even marginally better than the Nifty and the Sensex. But, what exactly does January 2022 hold in store.

How will IPOs pan out in January 2022. 

Year 2022 will be the year when the LIC IPO will have its tryst with capital markets. It is not yet clear if it will happen before March 2022 or after March 2022, but it is clear that it will happen in 2022. Hopefully, once the trajectory of markets in January becomes clear, a lot more IPOs will start announcing dates. Currently, there are 8 IPOs that are all set to come out with their initial public offerings in January 2022.

Upcoming IPOs in January 2022

Here is a quick summary of companies expected to hit the IPO market in the month of January 2022. However, this is only an indicative list as of now.

1. AGS Transact Technologies IPO

The Rs.680 crore AGS Transact Technologies IPO will be a complete offer for sale by promoter Ravi B Goyal and existing shareholders. The company has Rs.1,100 crore mostly long term debt, and post-IPO, it will come down to around Rs.500 crore as it will pay back Rs.600 crore and the remaining Rs.200 crore will come to the company. ICICI Securities, HDFC Bank and JM Financial are the lead managers to the issue.

2. Adani Wilmar IPO

The Rs.4,500 crore Adani Wilmar IPO will comprise entirely of a fresh issue of Rs.4,500 crore. It is a joint venture between Adani group and Wilmar of Singapore and offers the total food chain solutions from farm to fork. Their Fortune brand is quite popular.

3. Ruchi Soya IPO

Ruchi Soya plans to hit the Follow-on Public Offer (FPO) market with a Rs.4,300 crore issue, for which SEBI approval has already been received. Ruchi Soya had been acquired by Patanjali in 2019. It is one of India’s largest oil meal exporters. Its popular brands include Mahakosh Oil, Sunrich Oil, Ruchi Gold, Nutrela Soya Foods, Ruchi Star Oil etc.

4. Go Airlines IPO

The Rs.3,600 crore Go Airlines IPO will comprise entirely of a fresh issue. The issue proceeds will be used for reduction of debt including payables like the fuel dues to IOCL and lease rentals on aircraft. Go Air, as per latest DGCA data, has 9.1% market share in domestic routes.

5. MobiKwik IPO

The Rs.1,900 crore MobiKwik IPO comprises of a fresh issue of Rs.1,500 crore and an OFS of Rs.400 crore. The issue was to be launched in the Dec-21 quarter but was postponed after the weak listing of Paytm. MobiKwik offers a robust payment wallet as well as a special BNPL (buy no pay later) digital plan for customers and for merchants.

6. ESAF Small Finance Bank IPO

ESAF SFB is based out of Kerala and specializes in micro loans. The Rs.998 crore IPO comprises of a fresh issue of Rs.800 crore and an offer for sale (OFS) of Rs.198 crore. The fresh issue portion will be used to boost its capital adequacy and to make funds available to on-lend in its core lending business.

7. Tracxn Technologies IPO

Tracxn Technologies IPO will comprise of an offer for sale (OFS) of 386.72 lakh shares by the promoters and early investors. Tracxn offers a subscription service for investment bankers, corporates and PE funds to track the private and unlisted companies in emerging technology space.

8. Skanray Technologies IPO

The IPO of Skanray Technologies will comprise of a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares with price to be decided. The company focuses on the Indian medical devices market and designs, develops and manufactures medical devices.

9. ESDS Software IPO

The ESDS Software IPO is expected to hit the IPO market in the first half of January. ESDS issue will comprise of a fresh issue of Rs.322 crore and an offer for sale of 2.15 crore shares. ESDS is a Nashik based cloud services company catering to organizations in the private and the government sector.

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Upcoming IPOs in 2022