The year, 2021 was indeed stellar for public offerings, wherein as many as 63 companies went public. Altogether, these companies raised around Rs. 1.19 trillion through the public route, which is a massive record.
Experts believe that this IPO – Initial Public Offering frenzy is likely to continue in 2022 despite tightening the Securities and Exchange Board of India (SEBI) rules. The following sections contain a detailed breakdown of the upcoming and latest IPOs in 2022, which you can keep on your watchlist.
Upcoming IPOs in 2022:
Mentioned below is the list of latest IPOs expected to hit the primary market in the coming days:
| Company name | Tentative date |
| Fidel Softech | 30 May 2022 |
| Hexagon Nutrition | Yet to be announced |
| FabIndia | Yet to be announced |
| MobiKwik | Yet to be announced |
| Bharat FIH | Yet to be announced |
| Aadhar Housing Finance | Yet to be announced |
Other IPOs in 2022:
Here is a tabular representation of the upcoming IPOs that might hit the primary market later in 2022. Kindly note, that the dates of issue and price band are yet to be announced for all these companies.
| Company name | Issue size (in crores) |
| PharmEasy | Rs. 6,250 |
| Wellness Forever | Rs. 1,500 – Rs. 1,600 |
| Ixigo | Rs. 1,600 |
| VLCC Health Care | Rs. 300 + OFS |
| CMR Green Technologies | Rs. 300 + OFS |
| GPT Healthcare | Rs. 450 – Rs. 500 |
| Radiant Cash Management | Rs. 60 + OFS |
| Keventer Agro | Rs. 350 + OFS |
| Emcure Pharmaceuticals | Rs. 4,500 – Rs. 5,000 |
| Veeda Clinical Research | Rs. 831.60 |
| Global Health | Rs. 500 + OFS |
| Inspira Enterprise | Rs. 800 |
| Waaree Energies | Rs. 1,350 + OFS |
| Five Star Business Finance | Rs. 2,752 |
| Gemini Edibles | Rs. 2,500 |
| Healthium Medtech | Rs. 390 + OFS |
| Sterlite Power | Rs. 1,250 |
| Godavari Biorefineries | Rs. 370 + OFS |
| Fusion Micro Finance | Rs. 600 + OFS |
| Sahajanand Medical Tech | Rs. 1,500 |
| Popular Vehicles | Rs. 150 + OFS |
| Chemspec Chemicals | Rs. 700 |
| Northern Arc Capital | Rs. 300 + OFS |
| Shri Bajrang Power and Ispat | Rs. 700 |
| Penna Cement | Rs. 1,550 |
| Bajaj Energy | Rs. 5,450 |
| Studds Accessories | Rs. 98 crore + OFS |
| boAt | Rs. 2,000 |
| OYO Rooms | To be announced |
| Snapdeal | Rs. 1,250 + OFS |
| Droom | Rs. 3,000 |
| Harsha Engineers | Rs. 755 |
| Inspira Enterprise India Ltd. | Rs. 800 |
| Utkarsh Small Finance Bank | Rs. 1,350 |
Recently Listed IPOs:
The table below mentions the latest IPO listings:
| Company name | Date of listing | Listing price (BSE) | Listed on |
| Paradeep Phosphates | May 27, 2022 | Rs. 43.55 | BSE and NSE |
| Venus Pipes and Tubes | May 24, 2022 | Rs. 335 | BSE and NSE |
| Delhivery | May 24, 2022 | Rs. 493 | BSE and NSE |
| Prudent Corporate Advisory | May 20, 2022 | Rs. 660 | BSE and NSE |
| Rainbow Children’s Medicare | May 10, 2022 | Rs. 506 | BSE and NSE |
| LIC | May 17, 2022 | Rs. 867.20 | BSE and NSE |
| Campus Activewear | May 9, 2022 | Rs. 355 | BSE and NSE |
| Veranda Learning | April 11, 2022 | Rs. 157 | BSE and NSE |
| Hariom Pipe | April 13, 2022 | Rs. 214 | BSE and NSE |
| Ruchi Soya | April 8, 2022 | Rs. 850 | BSE and NSE |
| Vedant Fashions | February 16, 2022 | Rs. 936 | BSE and NSE |
| Uma Exports | April 7, 2022 | Rs. 80 | BSE and NSE |
| Adani Wilmar | February 8, 2022 | Rs. 221 | BSE and NSE |
| AGS Transact Technologies | January 31, 2022 | Rs. 176 | BSE and NSE |
What Is an IPO?
The capital market has two segments: the primary and the secondary markets. In the primary market, unlisted companies raise fresh capital by selling securities to the public. This process is called IPO or Initial Public Offering. Through this procedure, unlisted companies list their shares on stock exchanges.
The entire process of IPO helps a company create fixed assets, which they utilize for their operations. Furthermore, a company’s shareholders can exit their investment via the secondary market.
IPO Process – How Does an IPO Work?
For a business, an IPO facilitates its organizational growth. The process helps a business receive the needed credibility and publicity. Moreover, many companies going public is also healthy for the economy and the stock market.
However, the entire process through which a company goes public consists of several steps. Find them below:
- An unlisted company first decides to go public. Following this, it contacts an underwriter. This is usually an association of investment banks that evaluate the company’s financial needs and determine the IPO price band, issue size, and other components.
- Following this, the underwriter takes part in creating the draft red herring prospectus (DRHP) to seek approval from SEBI. This document entails the company’s financial records, including profits, liabilities, assets, and more. The draft also contains details on utilising the proceeds from the public issue.
- SEBI carefully evaluates this document and determines whether the company meets the eligibility parameters required to launch an IPO. After this, the company receives approval to release the red herring prospectus.
- In the RHP, the company mentions details regarding the price band and issue size of the public issue. It also details the company’s past performance.
- The next step includes a road show. Here, the company executives travel to woo potential investors to buy shares of the firm.
- Upon launch, an IPO typically lasts for 3 to 5 days.
- After the launch, investors can place their bids for the public issue through brokers or banks. A Demat account is necessary to expedite this process.
- Upon share allotment, an investor receives full, partial or no allotment. In case of partial or no allotment, the refund goes towards the investor’s bank account on a specified date.
How to Apply for an IPO?
You can apply for an IPO in two ways – online brokers or internet banking. Apart from that, you can also apply for an IPO offline.
Know how you can place bids for a public issue via these ways:
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Steps to apply online
Step 1: Log in to your Demat account with the brokerage. In case you don’t have a Demat account, you will have to create one.
Step 2: Go to the IPO tab and then click on the current IPOs section. Choose the IPO name from the list.
Step 3: Enter the number of shares or lot size you want place your bid for and enter the bidding price. To increase your chances of IPO allotment, consider bidding at the price band’s upper end.
Step 4: Now, put in your UPI ID and click on submit.
Step 5: Approve the transaction request on your UPI app, and the exchange will accept your bid.
After following these steps, you will have to wait for the mandate notification on your UPI app. Note that your application money will stay blocked until the date of IPO allotment.
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Steps to Apply for an IPO via internet banking
Step 1: Log in to your internet banking account by entering your login ID and password.
Step 2: Navigate to the Application Supported by Blocked Amount (ASBA) tab and click on it.
Step 3: Click on the relevant option to apply for IPOs and choose the IPO you want to apply for.
Step 4: Enter your PAN and name. You will also have to enter the price and bid quantity in this step.
Step 5: Click on submit.
Note that if you submit your bid before 2 pm on a business day, the exchange will accept your bid on the same day. However, after 2 pm, the exchange will line up your bid for the next day.
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- Steps to apply offline
Step 1: Visit the nearest branch of the bank or brokerage firm.
Step 2: Complete the ASBA application and enter the necessary KYC details.
Following this, your funds will be blocked. Your investment amount will be debited after share allotment. For example, if you placed bids for shares equating to Rs. 4 lakh but received shares worth Rs. 2 lakh, the bank will only deduct Rs. 2 lakh from your account.
Frequently Asked Questions
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Can I modify or cancel my IPO application?
Yes, you can cancel or revise your IPO application in between the bidding period. To revise your application, you must fill out a revision form and submit it to the syndicate member. Meanwhile, to cancel your IPO application, visit the order book section and choose the public offer.
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How can I get an application form for an upcoming public issue?
You must download the ASBA form to apply for an initial public offering. There are two ways to download this form – you can approach your stockbroker for this form, or you can also consider downloading a blank form from the website of NSE or BSE.
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What is DRHP?
Also known as the offer document, DRHP is the initial registration document that investment bankers prepare for a company launching its IPO through book-built issue. This document contains operational and financial information of the company and a few other details.
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