Upcoming IPOs in April 2022: All you need to know!

IPO in April
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The first quarter of 2022 started slowly with only a few companies coming up with their IPOs. In March, only a small size IPO came, and that too towards the month-end. The primary reason for low IPOs is high volatility in the market. The conflict between Russia and Ukraine is easing and investors can expect more IPOs in this quarter.

The much-awaited LIC IPO was postponed in March but is expected to come soon.

Company Name IPO Size (Rs cr)Upcoming IPO Date
LIC~75,0002022
Gemini Edibles and Fats India2.5002022
Ixigo1,6002022
Go Airlines3,6002022
Ola7,3002022
MobiKwik19002022
Delhivery7,4602022

LIC IPO - Life Insurance Corporation of India filed DRPH in February and the IPO is expected by April end. The geopolitical situation is improving and hence investors can expect an IPO in April. It is going to be India’s biggest IPO. The government is going to sell around 5% of the insurance to the public. The IPO size is estimated to be between Rs 65,000 crore and Rs 75,000 crore.

Gemini Edibles and Fats India - The company received SEBI nod for its IPO last year. It is expected to come with its Rs 2500 crore IPO in April. They are the leading and fastest growing edible oil and fats companies in India. Their most popular brand is 'Freedom' brand. They have a distribution network which consists of over 30 depots and over 1,100 distributors and wholesalers.

MobiKwik IPO - MobiKwik started their business as a mobile wallet provider. As the competition increased, it shifted its focus on Buy Now Pay Later (BNPL). Today, it is one of the leading BNPL companies in India. They aim to address the credit requirements of the rapidly increasing online consumers. It offers services like MobiKwik Wallet, peer-to-peer payments through UPI, and MobiKwik Wallet to bank payments. MobiKwik’s IPO size will be around Rs 1900 crore. It will consist of an offer for sale worth Rs 400 crore and  fresh share issue of up to Rs 1500 crore.

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

Go Airlines IPO- GoAir is an ultra-low-cost carrier (ULCC) in India. It is on one of the fastest-growing airlines in India. Its domestic market share has increased to 10.8% in FY18 from 8.8% in FY18. They have an inventory of 56 aircraft as of January 31, 2020. It has covered a network of nine international and 28 domestic destinations. Its IPO will comprise only of fresh issues -  aggregating up to Rs 3,600 crores.

Ola IPO - Ola is a cab-hailing service in India and was started by Bhavish Aggarwal in 2010 on the lines of Uber in the global markets. It is working on a SUPER app before the launch of its IPO. The company has recently entered into the EV space and it makes the IPO worth waiting for. Ola’s IPO size will be around Rs 15000 crore.

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

These are the most-expected IPOs for April. Investors can expect more IPOs as some companies may decide to come with IPOs in April if the market is stable.

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