Upcoming IPOs in October: Oyo Rooms, MobiKwik and PharmEasy among others on the list
Upcoming IPOs in October
IPO season is back as we had three IPOs in September, and many more are expected in October and towards the year-end. Compared to last year, we are nowhere close, but the expectation is that we will do better than the first half of the calendar year. Investors can expect some big IPOs in the coming months. Though there is a fear among equity investors at present due to increasing interest rates and recession fear, once the clouds of uncertainty are cleared, many companies will float their IPOs.
Let us look at all the companies that are expected to come with their IPOs in October:
|Company Name||IPO Size (Rs cr)||Upcoming IPO Date|
|Electronics Mart India||500||4 October 2022|
|Tracxn Technologies Limited||NA||2022|
|Gemini Edibles and Fats||2,500||2022|
Upcoming IPOs in October 2022
Electronics Mart India: The company has already confirmed its date, and investors can apply for its IPO in the first week of October. They offer a diversified range of products with a focus on large appliances (air conditioners, washing machines, televisions, and refrigerators), mobiles and small appliances, and others. The issue size is Rs 500 crore, and the issue type is Book Built Issue IPO. The IPO opens for subscription on 4 October 2022.
Tracxn Technologies Limited: They are expected to launch their IPO sometime in October. It provides market intelligence data for private companies. They are ranked among the top five players globally in terms of the company counts profiled offering data on private market companies across sectors and geographies.
MobiKwik IPO: They are a leading Buy Now Pay Later (BNPL) player and a mobile wallet provider. In recent years, both these segments have gained popularity. Hence investors can look forward to the company's IPO. The company also plans to address the credit requirements of the increasing online customer count. They are expected to float IPO with an issue size of nearly Rs 1900 crore. It consists of a fresh issue of Rs 1500 crore, and the balance will be offered for sale from existing promoters and shareholders.
Bharat FIH: They are the largest Electronic Manufacturing Services (EMS) provider in India, with approximately 15% market share in terms of revenue in FY21. They are expected to launch their IPO in October with an issue size of Rs 5000 crore. It will have both Fresh Issue and Offer for Sale. They are the largest mobile phone manufacturing and assembly services provider to Xiaomi, which is the leader in the Indian smartphone industry in FY21 with a 27% market share by volume.
Pharmeasy IPO: They are India's largest digital healthcare platform in terms of GMV of services and products sold. Pharmeasy operates an end-to-end business to provide solutions for the healthcare needs of consumers across critical stages. The IPO will consist of a fresh issue aggregating up to Rs 6200 crore. Out of the total IPO money, Rs 1259 would be utilized for funding organic growth initiatives and Rs 1929 crore would be used for prepayment or repayment. The remaining would be used for funding inorganic growth.
OYO Rooms IPO: The company has filed fresh financial documents with the SEBI recently. The numbers suggest narrower losses and a rebound in sales for FY22 and the following three months. It is already one of the most talked about startups in India. With the latest numbers and better valuation (reports), investors can look forward to its IPO. If the stock market conditions are favorable, we can expect an Oyo IPO soon.
Boat IPO: The company has recently firmed up plans to become a made-in-India global lifestyle brand by increasing its overseas reach. It will make them an even bigger player - they are at the top in the overall wearables category for the third consecutive year with over 40% market share. They are waiting for a nod from the regulator to float their Rs 1100 crore IPO of which Rs 900 will be a fresh issue and the remaining will be Offer for Sale.
Go Airlines: Go Airlines or Go First is a low-cost carrier airline incorporated in 2004. It is part of Wadia Group and one of the fastest growing airlines in India. The company has already received approvals from SEBI to launch its IPO and it is expected in October or later in 2022. The IPO issue size can be around Rs 3600 crore, and it will only be a fresh issue.
Gemini Edibles and Fats: The company is one of the leading and fastest growing edible oils and fats companies in India. They are engaged in the business of distribution, manufacturing, and branding of edible oils and specialty fats in India. The company plans to raise Rs 2500 crore through its IPO. It will be purely an Offer for Sale (OFS).
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What are the Upcoming IPOs in 2022?
Investors can expect IPOs from companies like Electronics Mart India, NSE, Bajaj Energy, Go Airlines, Boat, and Pharmeasy in October.
When is the NSE IPO coming?
The NSE IPO was expected to come earlier this year. However, the IPO has been postponed. It may come sometime in 2022.
Which is the best IPO in 2022?
In 2022, 20 companies have been listed so far. As of August 2022, the best performing IPOs are Adani Wilmar, Veranda Learning, Hariom Pipes, Vedant Fashion, etc.