In 2021, the share market of India generated a record Rs. 1.18 lakh crores by listing 63 companies on its exchanges. Experts predict that 2022 will be another profitable year for the stock market of this nation, as many companies are expected to go public in the coming months. The prediction is based on the fact that several companies have already filed their draft red herring prospectus with the Securities and Exchange Board of India and are awaiting approval to go public.
While January, February, March and April were slow, analysts predict that May will bring a resurgence of activity among companies listed on the bourses. They predict that May will witness a new sense of eagerness to enlist new companies on the exchange. As FY 2023 has begun, more companies will register their shares on the stock exchanges, and enthusiasm for future trading will grow further.
This write-up sheds light on the public issues that are touted to go live in May 2022.
| Name Of The Company | Size Of IPO (Approx.) | Expected IPO Date |
|---|---|---|
| Aether IPO | Rs. 808.04 Crores | Apply Now! |
| Fusion Microfinance IPO | Rs. 600 Crores | May-22 |
| Aadhar Housing Finance IPO | Rs. 7,300 Crores | May-22 |
| Ola | Rs. 7,300 Crores | May-22 |
| Inspira Enterprise India IPO | Rs. 800 Crores | May-22 |
| Park Hotels IPO | Rs. 1,000 Crores | May-22 |
| PharmEasy | Rs. 6,250 Crores | May-22 |
| Oyo Rooms | Rs. 8,430 Crores | May-22 |
| Emcure Pharmaceuticals | Rs. 4,500 Crores | May-22 |
| Bajaj Energy Ltd. | Rs. 5,450 Crores | May-22 |
| Go Airlines | Rs. 3,600 Crores | May-22 |
| Bharat FIH | Rs. 5,000 Crores | May-22 |
| Jana Small Finance Bank | Rs. 2,000 Crores | May-22 |
| BoAt Electronics | Rs. 3,500 Crores | May-22 |
| MobiKwik | Rs. 1,900 Crores | May-22 |
| Droom Technology Ltd. | Rs. 2,000 Crores | May-22 |
| Arohan Financial Services | Rs. 1,800 Crores | May-22 |
| Ixigo | Rs. 1,600 Crores | May-22 |
| Northern Arc Capital | Rs. 1,800 Crores | May-22 |
| Fincare Small Finance Bank | Rs. 1,330 Crores | May-22 |
| Penna Cement | Rs. 1,500 Crores | May-22 |
| Sterlite Power Transmission | Rs. 1,250 Crores | May-22 |
| Utkarsh Small Finance Bank | Rs. 1,350 Crores | May-22 |
| Hexagon Nutrition | Rs. 600 Crores | May-22 |
| EMudhra Ltd. | Rs. 200 Crores + OFS | May-22 |
| Shri Bajrang Power And Ispat | Rs. 700 Crores | May-22 |
| ESAF Small Finance Bank Ltd. | Rs. 998 Crores | May-22 |
| Studds Accessories Ltd. | Rs. 98 Crores + Rs. 450 Crores | May-22 |
| BYJU’s | To Be Updated | May-22 |
In January 2020, Park Hotels filed a draft red herring prospectus SEBI. Two years later, the hotel company will finally be going public in May 2022. This IPO is expected to be worth Rs. 1,000 crores, where fresh shares amounting to Rs. 400 crores will be issued. Further, Rs. 600 crores will be offloaded by existing shareholders through an offer-for-sale.
Apeejay House Pvt. Ltd. and its subsidiaries plan to sell shares worth Rs. 354.950 crores and Rs. 84.730 crores, respectively.
Further, existing investors will be selling shares worth Rs. 34.908 crores. In the financial year 2019, the company earned Rs. 430.950 crores as revenue compared to Rs. 388.386 crores in the previous year.
Aadhar is a financial services company founded in 2010 and boasts 326 branches and around 1.8 million customers. The company is expected to raise Rs. 7,300 crores through an initial public offering in May 2022. The shares are split between Rs. 1,500 crores fresh issue and Rs. 5,800 crores offloaded through an offer-for-sale. BCP Topco, the early-stage investor in the company, will sell its holdings in the OFS. The money raised from the new issue of shares will be used to boost the bank reserves of this company.
Furthermore, the total income in FY 20 was Rs. 1,388 crores with Rs. 189 crores as profit after tax. This reflected an improvement from FY 19 when the company registered Rs. 1,265 crores as its total income with Rs. 161 crores as PAT.
The most highly anticipated initial public offering of the Indian stock market is yet to debut on the stock exchanges. The IPO details such as face value and price band were released and were speculated to go live in the second week of March. However, the company delayed it due to the volatility in the market arising from the Russia-Ukraine crisis.
Though nothing materialized, the largest insurance company in India is now set to float its IPO as a part of the disinvestment plan of the Indian government. As per reports, LIC is expected to launch an initial public offering, which will help the firm raise around Rs. 70,000 crores. Furthermore, LIC boasts 69% of the market share supported by Rs. 290 crores in net fund base.
Delhivery, the leading logistics firm in India, plans to launch its IPO to raise Rs. 7,460 crores. This offering will comprise a fresh issue of equity shares amounting to Rs. 5,000 crores and Rs. 2,460 crores as an offer for sale.
Furthermore, Delhivery has targeted to reach a valuation of $6 to $6.5 billion. With this, Delhivery wishes to join the long list of tech firms listed on the Indian share market.
Indian car-hailing service Ola has announced its plans to go live in 2022, with an initial public offering to raise funds worth Rs. 7,300 crores. However, the company did not provide more details.
Ola has chosen Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its IPO. Additional global firms that have reportedly taken part in the Pre-IPO round include Temasek Holdings Pte. and Warburg Pincus LLC.
Inspira Enterprise India is a cybersecurity firm that was founded in 2008. The company plans to list its shares on a stock exchange and raise Rs. 800 crores. This initial share sale will be divided into Rs. 300 crores issuance of fresh equity shares and Rs. 500 crores through an offer for sale. The OFS will allow Prakash Jain, Manjula Jain Family Trust, and Prakash Jain Family Trust to sell their holdings in Inspira Enterprise India Ltd.
Further, for the fiscal year 2021, the company earned a total of Rs. 813.89 crores in revenue. This was an increase over the fiscal year 2020 when its revenue totalled Rs. 768.135 crores.
In May 2022, Fusion Micro Finance is expected to launch an IPO that will raise at least Rs. 600 crores. The IPO will include the sale of fresh shares worth Rs. 600 crores and an offer for sale worth the company’s existing 2,19,66,841 equity shares. As part of a follow-on public offering, promoters of the company are likely to sell 15 lakh shares.
Furthermore, the net income of the company stood at Rs. 430.89 crores in FY 21. This was higher than the net income of Rs. 312.30 crores recorded in FY 20. However, the net profit reflected a decline in the fiscal year 2021 to Rs. 43.94 crores from the previous financial year’s record of Rs. 69.61 crores.
PharmEasy Limited., an e-health and telemedicine platform, has filed a draft prospectus with the SEBI, outlining plans to raise Rs. 6,250 crores through a public offering of shares. Further, this company plans to use the funds raised to pay off debt and for general corporate purposes.
PharmEasy has also thought of getting an extra stake or investing in the cloud-based hospital-supply management platform, Aknamed.
OYO, an Indian hospitality start-up, submitted its draft documents to the Securities and Exchange Board of India (SEBI) for regulatory approval of its initial public offering. However, the IPO has been delayed because of ongoing legal issues and regulatory problems.
Despite recent concerns about its financial position, OYO announced that it had cleared up previous issues by making plans to launch a public offer of Rs. 8,430 crores. In this initial share sale, Rs. 7,000 crores will be raised through freshly issued shares, and the rest will be through an offer for sale transaction.
Emcure Pharmaceuticals, based in India, is a noted manufacturer of medicines. The company recently announced an initial public offering to raise funds of 4,500 crores. The offer comprises a total of 18 million shares on offer for sale and a fresh issue of Rs. 1,100 crores worth of equity shares. Further, the company plans to use the proceeds for paying off existing debt and for general corporate purposes.
Bajaj Energy Ltd. is a thermal power company based in India. It has filed its draft red herring prospectus with the Securities and Exchange Board of India. According to the filing, Bajaj will look to raise funds worth Rs. 5,450 crores. Further, the IPO includes an offer for sale of Rs. 300 crores and a fresh issue of equity shares worth Rs. 5,150 crores.
Furthermore, the money raised from this public issue will be used to buy Lalitpur Power Generation Company worth Rs. 4,927 crores. The remainder will be used for general corporate purposes.
Go Airlines, an Indian budget airline company, is planning an initial public offering of new shares worth Rs. 3,600 crores, with a face value of Rs. 10 per share. Along with this, the company is also considering Rs. 1,500 crores anchor investment or substantial investment by a group of investors to ensure that the IPO meets its financial targets.
The proceeds from this public offering will be used repaying debts and other general corporate purposes.
Bharat FIH is a leading electronic manufacturing services company in India and a subsidiary of FIH Mobiles. The company has filed a draft red herring prospectus with SEBI and plans to raise approximately Rs. 5,000 crores through an initial public offering. This will include 50% of the company’s equity shares as an offer for sale and 50% of equity shares in the form of a fresh issue.
The company plans to utilise the raised funds to expand its facilities and for its capital expenses. Further, Bharat FIH will use it to meet capital needs, invest in subsidiaries, and other corporate purposes.
Based in India, Jana Small Finance Bank is a small finance bank that offers financial products and services to customers in remote rural and semi-urban areas of the country. Its main business is to provide microloans and other deposit products. Jana Small Finance Bank has filed its DRHP with SEBI to go public through an initial share sale. According to the draft papers, the public offer is likely to raise Rs. 2,000 crores.
Additionally, Rs. 1,300 crores will be raised by issuing equity shares through an offer for sale, and Rs. 700 crores will be raised by the fresh issue of equity shares. The proceeds from this IPO will be used for the expansion of the Tier-1 capital base. The lead managers of this public issue include ICICI Securities, SBI Capital Markets, and Axis Capital.
India-based leading audio equipment and wearables company, boAt Electronics, plans to go public this year via an initial public offering. Headphones, earphones, wireless speakers, and wearables that are inexpensive yet premium comprise the product portfolio of boAt Electronics. Now, to expand its market reach to international shores, the company plans to raise Rs. 2,000 crores through this IPO.
This offering comprises approximately Rs. 900 crores worth of freshly issued equity shares and another Rs. 1,100 crores via an offer for sale. Moreover, ICICI Securities, Axis Capital, Credit Suisse Securities, and BofA Securities leads on the IPO.
MobiKwik is a mobile payment service provider, allowing users to make peer-to-peer payments using the Unified Payments Interface, or UPI. Additionally, MobiKwik allows users to pay their monthly bills, invest in digital gold, and complete online recharge using its platform. The company is planning a public listing of Rs. 1,900 crores, which will include fresh issues worth Rs. 1,500 crores equity shares and an offer for sale worth Rs. 400 crores.
The primary aim is to fund both inorganic and organic growth initiatives with the proceeds gained from this IPO.
Droom, an automobile marketplace, has filed a draft red herring prospectus with SEBI to initiate its initial public offering of Rs. 3,000 crores. The IPO will consist of both fresh issue shares worth Rs. 2,000 crores, and an offer for sale of Rs. 1,000 crores.
The proceeds from this initial share sale will be used to fund a wide range of expenditures, including meeting inorganic and organic growth initiatives, general corporate purposes, and more.
Arohan Financials provides financial support for local businesses in areas where access to such services is limited. It offers microfinancing to groups that have few resources of their own.
Arohan will sell shares worth Rs. 1,800 crores as part of its initial public offering. The company will also issue fresh shares worth about Rs. 850 crores and the remaining will be an OFS.
ixigo, an online travel booking website, also plans to float its initial public offering. This IPO is expected to raise about Rs. 1,600 crores. Further, around Rs. 750 crore will come from fresh issuance of equity shares, and the rest Rs. 850 crores will be garnered through an offer for sale.
Northern Arc Capital is another financial institution planning to make its public market debut. This non-banking financial institution (NBFC) offers credit facilities to individuals and businesses. The primary goal of this public offering is to support the capital base of this financial institution and fulfil its general corporate purposes.
The company will make its public market debut by issuing fresh equity shares worth Rs. 300 crores and offloading further 3,65,20,585 shares through an offer for sale.
Fincare Small Finance Bank has announced plans to launch an IPO worth around Rs. 1,330 crores, which will include an offer for sale of around Rs. 1,000 crores worth of existing shares and a fresh issue of equity shares worth Rs. 330 crores.
Penna Cement, which is based out of Hyderabad, has a strong foothold in Southern and Western markets in its segment. The company is planning to go public to raise Rs. 1,300 crores through an initial public offering. Further, the company will use the money to repay debt and meet capital requirements.
Sterlite Power Transmission, one of the leading power transmission firms in this nation, is going public with an initial share sale of Rs. 1,250 crores. The company plans to sell fresh equity shares for a face value of Rs. 2 apiece to raise money for the repayment of existing debts and for its general corporate purposes.
With its initial public offering (IPO), Utkarsh Small Finance Bank plans to raise funds worth Rs. 1,350 crores. This IPO includes freshly issued equity shares worth Rs. 750 crores and OFS of Rs. 600 crores according to the DRHP of the company filed with SEBI. In addition, Utkarsh Small Finance Bank has plans for a pre-IPO allotment round to raise funds worth Rs. 250 crores.
Furthermore, the total share allocation in the IPO is 75% for qualified institutional buyers, 15% for non-institutional investors and 10% shares for registered index funds & regulated investment companies. The shares of this SFB will be listed on the NSE and BSE after it floats its shares through the initial share sale. The bank intends to use 80% of its IPO proceeds to build a public float of over one million shareholders.
Hexagon Nutrition, based out of Mumbai, also plans to raise funds worth Rs. 600 crores through its initial public offering. This IPO includes a fresh issue of equity shares amounting to Rs. 100 crores and an offer for sale of 3,01,13,918 shares. The proceeds from this initial share sale will fund general corporate purposes, repay existing debts, support working capital, and expand expenditure needs.
Digital signature issuer eMudhra Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India to launch an initial public offering. This public issue will include freshly issued equity shares amounting to Rs. 200 crores and an offer for sale comprising 85.1 lakh shares.
In addition, eMudhra plans to raise Rs. 39 crores via a pre-IPO round of investments. The proceeds from this public issue will be used to expand infrastructure, repay current debts, fulfil general corporate purposes and boost working capital.
The fertiliser company Paradeep Phosphates Ltd., headquartered in Odisha, has plans to debut on Dalal Street in 2022. To do so, this company is initiating an initial public offering to raise funds of about Rs. 1,255 crores. Furthermore, Zuari Agro and The Government of India are selling off their stakes in the process. Additionally, this public offering will take place at a face value of Rs. 10 per equity share.
Shri Bajrang Power and Ispat Ltd. is going to launch an Rs. 700 crores initial public offering, which will comprise a fresh issue of 41,18,000 equity shares. The company plans to use these proceeds to fund its working capital and debt repayment needs.
ESAF Small Finance Bank has 550 branches across India serving more than 40 lakh customers. It plans to raise Rs. 998 crore through its initial share sale with a fresh issue of equity shares worth Rs. 800 crores and an offer for sale amounting to Rs. 198 crores.
Studds Accessories Ltd. is one of the leaders of the two-wheeler helmet segment in India, and it is a notable name in the motorcycle accessories segment across the world.
This IPO of Studds Accessories Ltd. will include an offer for sale of about Rs. 450 crores, to be raised through the sale of 39,39,000 equity shares from its current investors. It will also include a fresh issue section of Rs. 98 crores.
Final Word
While this is the current list of companies planning to make their public debut in May 2022, you can expect changes to the list as this month progresses. Furthermore, you can subscribe to the Angel One Blogs to stay updated with the latest stock market news.
1. What is the process of staying up-to-date with any subscription news of public issues that are going live in May 2022?
Angel One’s website offers IPO subscription status, company financials and other details about public issues. Additionally, clients can get a SWOT analysis of a company to gain further insight. Lastly, clients can refer to its integrated IPO calendar to overview how things are likely to happen.
2. What is the process of applying for a public issue through UPI?
Anyone, who invests in a public issue, can transfer money through the Aadhaar-enabled platform called United Payment Interface (UPI). To start UPI transfers, investors need to link their bank accounts to UPI-enabled apps like BHIM, Google Pay, and PhonePe. After this step, investors will receive payment mandates from their respective banks or brokerages, and they need to fill out these mandates to complete the transaction. Additionally, investors can trade once the mandate is authorised.
3. How to get an application form for IPOs going live in May 2022?
To register for a public issue, you can find and print an application form from any broker or stock exchange website. You can also submit a physical copy of the application and other required documents.
4. What is the process of applying for IPOs going live in May 2022?
Angel One is a platform that helps you, as a client, to apply for any public issue. Additionally, as of now, you can also use your UPI ID to block the subscription amount. Further, banks can also help you to block it using the ASBA process.
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