IPOs in January (2022): All you need to know!

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IPOs in Jan 2022

IPO in January 2022: The primary market has been buzzing in 2021, with a record number of companies coming out with their IPOs in the year. A total of 62 companies have listed on the exchanges in the year, raising nearly Rs 1.20 lakh crore. The year had seen many interesting new-age businesses making their debut during the year. The first month of the New Year 2022 also has many interesting names.  

Upcoming IPO(s) in January 2022

We are listing down some of the companies that are expected to come with their IPOs in the first month of 2022.

Company Name Fresh IssueIPO SizeIPO Date
Adani WilmarNARs 4500 croreTo be announced
MobiKwikRs 1500Rs 400 croreTo be announced
Arohan FInancial ServicesRs 850Rs 950 croreTo be announced
IxigoRs 750 croreRs 850 croreTo be announced
Penna CementsRs 1300 croreRs 250 croreTo be announced
Fincare Small Finance BankRs 330 croreRs 1000 croreTo be announced
Paradeep PhosphatesRs 1255 croreNATo be announced
Sterlite PowerRs 1250 croreNATo be announced

IPO January 2022: Brief

Adani Wilmar IPO - Adani Wilmar is a leading name in the edible oil industry, and one of the most popular products is cooking oil under the banner of Fortune Oil. It is among the top FMCG companies in the country with a variety of products. The IPO size will be Rs 4500 crore.

MobiKwik IPO - They are one of the leading Buy Now Pay Later (BNPL) and mobile wallet providers. The digital payment company aims to address the credit requirements of the rapidly increasing online consumers. It offers services like peer-to-peer payments through UPI, MobiKwik Wallet and MobiKwik Wallet to bank payments are available on this platform. The issue size of MobiKwik IPO will be Rs 1900 crore. It includes a fresh share issue of up to Rs 1500 crore and an offer for sale worth Rs 400 crore.

Arohan Financial Services IPO - They are one of the leading NBFC-MFIs in India. It operates in the low-income, unpenetrated states of India. The offerings of Arohan Financial Services include credit as well as insurance products. Under credit, they offer income-generating loans and other forms of financial assistance. Under insurance, they cover life and health insurance products. It plans to raise Rs 1750 crore to Rs 1800 crore. The company’s IPO will include a fresh issue of Rs 850 crores, and the remaining will be offer for sale.

Ixigo IPO- Le Travenues Technology Ltd., which operates travel platform Ixigo plans to raise Rs 1,600 crore through an initial public offering. The IPO will consist of fresh issuance of shares worth Rs 750 crore and an offer-for-sale of equity shares worth Rs 850 crore by existing shareholders. Other than being a travel platform, it also provides travel utility products and technologies, such as train PNR status and confirmation forecasts, train seat availability notifications, train running status notifications and delay forecasts, etc.

Penna Cement IPO- It is one of the largest privately held cement companies in India and a leading integrated cement player in terms of cement production capacity. The company operates out of four integrated manufacturing facilities and two grinding units across Telangana, Andhra Pradesh, and Maharashtra with an aggregate capacity of 10 mmtpa. It expects to raise Rs 1,550 crore through its public offer. It includes a fresh issue of equity shares aggregating up to Rs 1,300 crore and an offer for sale worth Rs 250 crore.

Fincare Small Finance Bank IPO- It is a 'digital-first' Small Finance Bank(SFB) with a focus on unbanked and under-banked customers, especially in rural and semi-urban areas. They follow a business model focused on financial inclusion and aim to provide individuals and businesses with affordable financial products and services that meet the customers’ needs. They are coming with a Rs 1300 crore IPO which includes a fresh issue of Equity Shares aggregating up to Rs 330 crore and an Offer for Sale of up to Rs 1000 crore.

Paradeep Phosphates IPO- It is a leader in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as Di-ammonium Phosphate, and its fertilizer are sold under brands like ‘Jai Kisaan - Navratna’ and ‘Navratna’. It plans to raise up to Rs 1,255 crore fresh capital.

Sterlite Power IPO- It is one of the leading private sector power transmission infrastructure developers and solutions providers. The company develops integrated power transmission infrastructure and provides solution services through two business units: Global Infrastructure and Solutions. IPO comprises of fresh issue of equity shares aggregating up to Rs 1,250 crore.

It would be interesting to see which of these IPOs take off in the month. We will soon be sharing our detailed reviews on each of these IPOs. Stay tuned!

Here’s our article on the IPOs in December 2021.