In 2021, we witnessed how a total of 63 Indian companies raised approximately Rs. 1.19 lakh crore capital funding via the initial public offering route.
No doubt, that even amidst the COVD-19 pandemic 2021 has been the best year for IPOs in the last two decades.
Additionally, we also observed a steady increase in participating investors majority of them belonging to the millennial demographic.
While many companies have already received approval from the market regulators, many are still undergoing the Indian approval process for IPO listing in 2022.
Top 10 upcoming Indian IPOs in 2022
1. Life Insurance Corporation of India (LIC) – #1 out of the Top 10 IPOs in 2022
LIC is India’s largest Insurer and it’s IPO is likely to hit the market in first quarter of 2022. The government is planning to disinvest a target amount of approximately Rs. 1.75 Lakh-crore in 2022 via offering its stake to the public through the IPO.
It is expected to be India’s one of the biggest IPO’s ever with the government planning to disinvest nearly 5-10% of its equity stake in LIC.
As per various Analysts, the IPO size can be somewhere between Rs 80,000 crore and Rs 1,00,000 crore.
Delhivery – #2 out of the Top 10 IPOs in 2022
Delhivery is an Indian logistics and e-commerce supply chain company.
Delhivery provides a full suite of integrated logistics services including, Express Parcel, PTL and TL Freight, Cross Border and Supply Chain services.
The new-age delivery and logistics services provider plans to raise Rs 7,460 crore through an IPO.
The firm has already filed its draft prospectus with the Securities and Exchange Board of India (Sebi) in early November 2021.
National Stock Exchange – #3 out of the Top 10 IPOs in 2022
National Stock Exchange of India Limited is the leading stock exchange of India, located in Mumbai, Maharashtra.
Its equity is currently held by many leading financial institutions, banks and insurance companies.
NSE plans to raise Rs 10,000 crore through the share sale.
Byju’s – #4 out of the Top 10 IPOs in 2022
Byju’s is an Indian multinational educational technology company, headquartered in Bangalore.
Byju’s plans to raise between $400 million to $600 million in order to accelerate its plans to go public, according to a Bloomberg report.
SBI Mutual Funds – #5 out of the Top 10 IPOs in 2022
State Bank of India is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.
SBI plans to list its mutual fund wing SBI Funds Management in 2022.
SBI Funds Management is a joint venture between SBI and Paris-based Amundi Asset Management.
SBI plans to offer 6% of its stake in the mutual fund wing during the IPO, while Amundi is likely to offer around 4% only.
Ola – #6 out of the Top 10 IPOs in 2022
Ola is an Indian multinational cab-hailing service that was launched in 2010 by Bhavish Aggarwal on the lines of Uber.
Based out of Bangalore, Ola also operates in other business verticals including financial services, cloud kitchens, and used-car marketplace.
A variety of diverse set of capitalists including Softbank have large equity in the company.
The ride-hailing company plans to sell shares and list on bourses in the first half of 2022.
The IPO is likely to have an issue size of Rs 15,000 crore.
PharmEasy – #7 out of the Top 10 IPOs in 2022
API Holdings, the parent company of India’s leading digital healthcare platform PharmEasy, has filed for its IPO with market regulator SEBI in November 2021.
The company offers various health-related services, including teleconsultation and radiological examinations.
In addition to this, it delivers medicines, medical products and gadgets to patients’ homes.
It plans to raise up to Rs 6,250 crore through through a fresh issue of shares.
Adani Wilmar – #8 out of the Top 10 IPOs in 2022
Adani Wilmar is a joint venture between Adani Group and the Wilmar Group.
Furthermore, the fast-moving consumer goods company intends to raise INR 4,500 crore in the main market.
The objectives of the share sale will be funding capital expenditure for expansion of existing manufacturing facilities, developing new manufacturing facilities, repayment/prepayment of borrowings; funding strategic acquisitions and investments; and general corporate purposes.
The IPO will be a totally fresh offering of shares.
Bajaj Energy – #9 out of the Top 10 IPOs in 2022
Bajaj Energy is the largest private-sector thermal generation companies in Uttar Pradesh.
It develops, finances, and operates thermal power plants in India. The company has a total gross installed capacity of 2,430MW, comprising 450 MW from five operational plants of 90 MW each.
The company plans to raise Rs. 5,450 crores through the IPO.
The offer will comprise of a fresh issue worth Rs. 5,150 crore and an offer-for-sale (OFS) of shares up to Rs. 300 crores by Bajaj Power Ventures.
Swiggy – #10 out of the Top 10 IPOs in 2022
Swiggy is India’s largest online food ordering and delivery platform.
Based out of Bangalore, the company was founded in 2014 and operates in around 500 Indian cities as of September 2021.
Furthermore, the food-delivery behemoth is currently concentrating on developing its Instamart grocery-delivery platform.
It plans to undertake its initial public offering (IPO) before the end of 2022.
The Bottom Line
Given an interesting IPO pipeline, 2022 is expected to be a another record-making year for the Indian IPO market and the economy as a whole.