If you are beginning your investment journey, you might have missed out on the IPOs of Indian companies. These are very popular among investors as they give good returns within a year of their listing on the stock exchange. If you have missed out on these IPOs, you need not worry. In this article, you will find everything about the top 10 upcoming IPOs in India for 2022. These IPOs will offer you a great chance to create a portfolio with high returns.
What is an IPO?
IPO is the initial public offering of a company’s shares. This process is typically done when a company has become stable, which usually takes about 3-5 years. Many companies will hold their IPO for some time after they have been listed on the stock exchange.
In India, a company can list its shares on one of the two public stock exchanges: the BSE, or Bombay Stock Exchange, based out of Mumbai and the NSE, or National Stock Exchange, based out of New Delhi.
You can choose from a range of IPOs, based on what you want to achieve through your investment.
Top 10 Upcoming IPOs in 2022
Following are the best upcoming IPOs of 2022 that you should consider investing in:
As per the latest IPO news, Mobikwik will list itself on the stock market in 2022, and the IPO will be for ₹15,000 mn. The company will list its IPO both on the BSE and NSE.
Founded in 2009 by Bipin Preet Singh and Upasana Taku, Mobikwik is an Indian fintech company registered under the name One MobiKwik Systems Pvt Ltd. It provides phone app-based payment services. The Mobikwik Wallet is one of the most prevalent mobile wallets in India.
GoAir is an ultra-low-cost carrier, with a rising share in the Indian market. Its share has risen from 8.8% in the fiscal year 2018 to 10.8% in 2020.
The airline currently has 56 aeroplanes, connecting 28 domestic and 9 international destinations. In its initial public offering, the airline plans to list up to ₹3,600 cr in equity.
3. Penna Cement
One of India’s leading cement producers, Penna Cement operates out of four cement factories in Telangana, Andhra Pradesh, and Maharashtra. Its total production capacity is 10 mn tons a year.
The company is projected to raise ₹1,550 cr through a public equity offering, of which ₹1,300 cr will be raised through a new equity share issue and ₹250 cr through an offer for sale.
4. Arohan Financial Services
Arohan Financial Services works in India’s low-income, unexplored states, making it one of the leading NBFC-MFIs in the country and earning it a spot in the top upcoming IPOs in 2022. The company provides a range of credit and insurance products. Under credit, the company offers income-generating loans and other financial aid. It also provides life and health insurance products.
Arohan Financial Services plans to raise between ₹1,750 cr and ₹1,800 cr. Through its IPO, ₹850 cr will be sold in fresh issues, and the rest will be sold in a secondary market.
In the fiscal year 2021, Delhivery was one of India’s largest and fastest-growing fully integrated logistics service providers. The company provides a wide range of logistics services, including heavy goods delivery, express parcel delivery, partial truckload and truckload freight, warehousing, and supply chain solutions.
According to the latest IPO news, it will sell an offering of new shares worth ₹5,000 cr while a simultaneous offer to sell (OFS) component worth ₹2,460 cr.
6. Fincare Small Finance Bank
With a focus on unbanked and under-banked clients in rural and semi-urban areas, Fincare is a digital-first small finance bank. Their business model highlights financial inclusion and provides affordable financial products and services to people and firms.
A ₹1,300 cr Fincare IPO will include a new issue of equity shares of ₹330 cr and an OFS of up to ₹1,000 cr.
7. Seven Island Shipping
Incorporated in 2002, Seven Island Shipping trades petrochemical lubricants, crude oil, and other commodities. One of the top priorities of this company is to offer safe transportation while also being clean and efficient.
As one of the top upcoming IPOs in 2022, the company plans to raise funds worth ₹600 cr, with a fresh issue of ₹400 cr and OFS worth ₹200 cr.
8. SREI Equipment Finance
SREI Infrastructure Finance Ltd owns and operates this Kolkata-based company, SREI Equipment Finance. It provides loans to buy equipment for construction, irrigation, water supply, mining, IT infrastructure, healthcare, and farming.
A total of ₹2,000 cr will be raised through its IPO, which consists of equity shares of ₹1,100 cr and OFS of ₹900 cr.
9. ESAF Small Finance Bank
Among the small businesses in India, ESAF Small Finance Bank is the principal bank in terms of the number of clients, average earnings, interest rates, payments from deposits, loans to rural areas, and the number of loans offered.
A new issue of ₹800 cr worth of shares will be made, which will include an OFS worth ₹200 cr.
10. Inspira Enterprise India
Inspira Enterprise India works on digital transformation services in the cybersecurity industry. As one of India’s leading firms in this field, Inspira is known for providing only the best to its clients.
The company’s IPO includes a public share sale of ₹300 cr, followed by an OFS for equity shares of ₹500 cr.
The top upcoming IPOs in 2022 look very exciting for investors. These IPOs show that the Indian economy is thriving. With so many new companies going public, consumers can enjoy more options and lower prices.
If you’re interested in investing or want to learn about some of these great companies, you should read more articles like this on Piramal Finance. While there, you should also take a look at their financial products and services to help you build your plan your finances better.