Upcoming IPOs in September: NSE, PharmEasy, Oyo Rooms and MobiKwik among others that might launch IPOs

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Upcoming IPOs in September

Upcoming IPOs in September

IPO season seems to be coming back as the market situation is improving and NIFTY is moving higher. However, compared to 65 IPOs last year, we are nowhere close this year. But investors can expect some big IPOs in the coming months. 

Though the market situation has improved, there are some unfavourable conditions - geopolitical tension and recession fear. These are holding companies to launch their IPOs. In August, we had 2 IPOs, and September IPO numbers can increase. Let us look at all the companies that are expected to come with their IPOs in September:

Company Name IPO Size (Rs cr)Upcoming IPO Date
Tamilnad Mercantile Bank Limited8325 September 2022
National Stock Exchange~10,0002022
Oyo Rooms8,4302022
Go Airlines3,6002022

Upcoming IPOs in September 2022

Tamilnad Mercantile Bank Limited IPO: It is one of the oldest private sector banks in India that offers banking and financial services to retail customers and MSMEs. At the end of FY22, the bank had 509 branches spread across rural, semi-urban, urban, and metropolitan centers. The company is coming with a fresh issue with an issue size of Rs 832 crore (upper band). The IPO opens for subscription on 5th September and closes on 7th September.

NSE IPO Price: It is one of the most awaited IPOs for this year. The company has already received approvals from the market regulator to go ahead with its IPO. However, the company is holding back from coming with its IPO due to negative news about its former CEO. The matter is settling now. Hence investors can expect an NSE IPO soon. 

MobiKwik IPO News: The company is a leading Buy Now Pay Later (BNPL) player and also a mobile wallet provider. Both businesses are gaining popularity in recent years. Hence investors are looking forward to investing in the company. The company also plans to address the credit requirements of the increasing number of online consumers. The company will come with a Rs 1900 crore IPO. It will have a fresh issue of Rs 1500 crore, and the remaining will be offer for sale from existing promoters and shareholders.

Go Airlines IPO Date: Go Airlines or Go First is a low-cost airline incorporated in 2004. It is part of Wadia Group, which is one of the oldest businesses in India. The company has already received approvals from SEBI to float its IPO. The IPO is expected in September or later in 2022. As per reports, the IPO issue size will be Rs 3600 crore, and it will only be a fresh issue.

PharmEasy IPO News: They are India's largest digital healthcare platform in terms of GMV of products and services sold. They operate an end-to-end business that aims to provide solutions for the healthcare needs of consumers across critical stages. The IPO will comprise fresh issues amounting to Rs 6200 crore. Out of the total IPO money, Rs 1929 crore would be used for prepayment or repayment, Rs 1259 would be utilized for funding organic growth initiatives. The remaining would be used for funding inorganic growth. 

Boat IPO: Boat has made news in the market because of its marketing head and his marketing strategies. It is already a profitable and successful business. Hence investors are eagerly waiting to invest in its IPO. They are a digital-first consumer product company founded in 2013. As of September 30 2021, Imagine Marketing (parent company) ranked #1 in India among the wireless hearables brands by value. The company has reported a profit in the last three financial years. It may come with its IPO in September with an issue size of Rs 1100 crore. 

OLA cabs: Last month, there was news that Uber and OLA are going to merge. Hence the IPO was out of the equation. However, their CEO has said that the Ola business is doing good, and there is no plan for acquisition or merger. Hence, investors can expect an Ola IPO towards the end of the year. The company can raise upto $2 billion through its IPO. As per the recent reports, the company has become profitable which draws the interest of many investors.

OYO Rooms IPO: It is one of the most-looked startups in India. OYO is a new-age technology platform that empowers the global hospitality ecosystem. The company has been focusing on short-stay accommodation space since 2012. It has higher revenue generation potential. OYO initially planned for an IPO of Rs 8340 crore. However, given the poor performance of recently listed startups (new-age companies), OYO is looking to rework its IPO numbers. As per sources, it will lower its valuation and come with a smaller IPO size.

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