Upcoming IPO in March 2022: All you need to know!

IPO in March
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The first month of 2022 started slowly with only two companies coming up with their IPOs. In Feb, only Vedant Fashion launched its IPO. The primary reason for low IPOs compared to 2021 is high volatility in the market. The ongoing conflict between Russia and Ukraine has shifted investors’ interest from equity to other asset classes. 

The much-awaited LIC IPO may also get delayed now. If the situation improves, we can expect the below IPOs in March: 

Company Name IPO Size (Rs cr)Upcoming IPO Date
LIC~75,0002022
NSE10,0002022
MobiKwik1,9002022
Ixigo1,6002022
Go Airlines3,6002022
Ola7,3002022
Byju's~45002022
Delhivery7,4602022

LIC IPO - Life Insurance Corporation of India has already filed DRPH. The IPO was expected in the second week of March. However, with the ongoing war situation in Ukraine, the IPO may get delayed and get pushed to the next financial year (beginning April 1st). If the geopolitical situation improves, investors can expect an IPO in March. It is going to be India’s biggest IPO wherein the government is going to sell around 5% in the insurance company. The IPO size would be around Rs 65,000 crore to Rs 75,000 crore.

National Stock Exchange - India's largest stock exchange may hit the market soon. It has filed for IPO approval a long back but the news of it getting listed is finally coming now. However, with the recent investigation going with the former CEO, the company may delay the listing. The NSE has finally got approval from the regulator to go ahead with its Rs 10,000 crore IPO. Since stock exchanges cannot list in their own exchanges so NSE may look at multiple listings on the BSE and also on an international exchange.

Snapdeal - Snapdeal was founded in 2010 and is an Indian e-commerce startup backed by Software Group Corp. During the initial years, it was considered a rival of Flipkart and Amazon.com Inc. in the burgeoning Indian market. However, it fell behind in the coming years. Of Late, the company has refashioned itself to stand apart from its bigger competitors. It is now focusing on value-driven e-commerce. It has shifted its business model to focus on Bharat - the non-affluent, non-English speaking, non-urban, and non-tech savvy bulk of India’s population. It plans to raise Rs 1,250 crore through the sale of new shares.

MobiKwik IPO - MobiKwik started as a mobile wallet provider and as the competition increased, it moved toward Buy Now Pay Later (BNPL). Today, it is one of the leading BNPL companies in India. It aims to address the credit requirements of the rapidly increasing online consumers. It offers multiple services to its customers like MobiKwik Wallet, peer-to-peer payments through UPI, and MobiKwik Wallet to bank payments are available on this platform. MobiKwik plans to launch its IPO with an issue size of Rs 1900 crore. It will consist of a fresh share issue of up to Rs 1500 crore and an offer for sale worth Rs 400 crore.

Ixigo IPO - Le Travenues Technology Ltd., operates travel platform Ixigo. It plans to come with its IPO and raise Rs 1,600 crore through it. The IPO will consist of both OFS and fresh issues. The offer-for-sale of equity shares would be worth Rs 850 crore by existing shareholders and the fresh issuance of shares worth Rs 750 crore. The company also provides travel utility products and technologies, such as train PNR status and confirmation forecasts, train running status notifications, train seat availability notifications, delay forecasts, etc.

Go Airlines IPO- GoAir is an ultra-low-cost carrier (ULCC) in India. Looking at the past growth numbers, it is on top of the fastest-growing airlines in India list. Its domestic market share has increased from 8.8% in fiscal 2018 to 10.8% in fiscal 2020. Go Airlines has an inventory of 56 aircraft as of January 31, 2020. It has covered a network of 28 domestic and nine international destinations. Its IPO will comprise only of fresh issues and will consist of shares aggregating up to Rs 3,600 crores.

Ola IPO - Ola is a cab-hailing service in India that has been in the Indian market for over a decade now. It was started by Bhavish Aggarwal in 2010 on the lines of Uber in the global markets. Since its launch, the company has raised nearly $4 billion and the proposed IPO is likely to look for valuations of $8-9 billion. The Ola IPO size will be around Rs 15000 crore.

Delhivery IPO - Delhivery is one of the fastest-growing fully integrated logistics services players in India for FY21. It provides a full range of logistics services, including express parcel delivery, PTL (partial truckload) freight, heavy goods delivery, warehousing, supply chain solutions, TL (truckload) freight, etc. Delhivery will raise Rs 5,000 crore through the issuance of fresh shares while it will have an offer for sale (OFS) component of Rs 2,460 crore.

The list is long and it would be interesting to see how many of these will actually get listed in March.

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