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Upcoming IPOs in June 2022

07 February 20246 mins read by Angel One
Upcoming IPOs in June 2022
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Just like in 2021, when Indian IPOs raised a record Rs. 1.18 lakh crores in total investment, much higher than the previous highest of Rs Rs 75,279 crore in 2017. Experts are predicting that India’s stock market will have another prosperous year in 2022, as several firms are set to go public in the next few months.

The LIC IPO was ultimately completed in the month of May 2022 with a market capitalization of Rs 21,008 crore, LIC remains the largest IPO in India by a significant margin.

For quite some time, the market has been impacted by the Russia-Ukraine conflict & global uncertainty. However, the situation is getting better every day and we can expect many more firms to issue initial public offerings. In the primary markets, the month of June is anticipated to witness some hot deals. The following is a list of companies set to go public in June 2022.

Upcoming IPOs in June 2022

Name Of The Company IPO Size (Approximate Value) Dates (Tentative)
Hexagon Nutrition IPO Rs 600 crore June 2022
Bharat FIH IPO Rs 5,000 crore June 2022
MobiKwik IPO Rs 1,900 crore June 2022
FabIndia IPO Rs 998 crores June 2022
Aadhar Housing Finance IPO Rs 7,300 crore June 2022
  • Hexagon Nutrition

Hexagon Nutrition is a Mumbai-based fully integrated company specializing in product creation and marketing, as well as nutrition production and research & development.

In June, Hexagon Nutrition is set to conduct an initial public offering of Rs 600 crore.

According to the DRHP, the Hexagon Nutrition IPO would include a fresh issue of equity shares worth up to Rs 100 crore and an offer for sale (OFS) of up to 30,113,918 equity shares.

  • Bharat FIH

With about a 15% market revenue share in FY21, Bharat FIH Ltd, a subsidiary of FIH Mobiles and a Foxconn Technology Group firm, is India’s largest electronic manufacturing services (EMS) supplier. Other than mobile phones, the company has grown into high-growth areas such as mechanics, electric vehicles, TVs, and headphones is all set to go public in June 2022.

According to the DRHP, the Bharat FIH IPO would consist of a fresh issue of up to Rs 2,502 crore worth of shares and an offer for sale of up to Rs 2,502 crore worth of shares by the promoter group and Foxconn affiliate Wonderful Stars.

  • MobiKwik IPO

Founded in 2009, MobiKwik is a digital payment company that provides a mobile phone-based payment system and digital wallet. It is ranked as one of the largest mobile wallet players in India. Customers can use the ‘Buy Now Pay Later’ (BNPL) option to make recurring mobile payments easier.

MobiKwik’s public offering is projected to be about Rs 1,900 crore, with a fresh issue of shares up to Rs 1,500 crore and a Rs 400 crore offer for sale by the promoters and current shareholders. In mid-June, the company is anticipated to go public.

  • FabIndia IPO

FabIndia, India’s top ethnic clothing brand, is an Indian chain store that sells clothes, furniture, textiles, and ethnic objects manufactured by rural Indian craftsmen. It’s a heritage firm that specializes in handcrafted, indigenous items. Fabindia has established a platform for skilled, long-term rural employment with over 50,000 rural craftsmen.

According to media sources, the company is trying to raise roughly Rs 4,000 crore through an IPO. The IPO, which includes a fresh offering of over Rs 500 crore and an OFS of 2.5 crore equity shares by promoters and investors, has been approved by SEBI.

  • Aadhar Housing Finance IPO

Aadhar Housing Finance Ltd was founded in 1990 with the goal of providing affordable housing loans. However, as of 2022, the firm has the largest affordable housing client base and the greatest disbursement rate.

The company’s product offering comprises residential property loans, home repair loans, home extension loans, and commercial property loans.

The promoter, BCP TOPCO VII PTE. Ltd, a Blackstone Group firm, seeks to raise Rs 7,300 crore through an initial public offering (IPO) that includes a fresh issue of shares for Rs 1,500 crore and OFS worth up to Rs 5,800 crore.

Final Word

Please note that this IPO calendar for June 2022 is an indicative one. Hence, one must expect changes in this list as the month progresses.

To stay updated with the stock market, business and investment, and IPOs, make sure to keep an eye on Angel One Blogs.

 

FAQs on Upcoming IPO in June 2022

Que 1. How to stay updated regarding new IPOs that would come up in February 2022?
Ans: The Angel One website offers important information about the upcoming IPOs. You may also learn about the company’s financials, the face value of shares, lot size, IPO dates, and other important details.

Que 2. How to get an application form for IPOs that are going live in June 2022?

Ans: On the website of a broker of your choice or the BSE/NSE, you may find an application form for any public issue that will go live in June 2022. You may also download a copy of the application and submit it together with the requested information and documents.

Que 3. What is the process of applying for a public issue through UPI?

Ans: Retail individual investors can register for a public issue using their UPI IDs, according to current regulations. However, you must link your bank account with UPI accounts such as BHIM, Google Pay, PhonePe, and others before making a payment. You will get a payment mandate from your respective banks or brokers after completing this step. To complete the purchase, you must fill out this requirement. You can also begin trading after this mandate has been approved.

Que 4. What is the process of applying for IPOs that are going live in June 2022?

Ans: You can apply for any public issue as a client of Angel One using your account on our platform  Additionally, if your Angel One account is linked to your current UPI ID, you can use it to block the subscription amount. Otherwise, you can always use the ASBA method offered by banks to help you execute this process.

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