As we approach the end of the 2021-2022 fiscal year, the IPO market in India is likely to witness an increase in the number of companies. While there is no concrete information on the exact date when the following companies are likely to open for subscription, we can expect them to start listing in the month of March 2022.
LIC IPO
The long-awaited IPO in the recent history of the Indian stock market is finally going live. The timetable is not yet known, but experts expect this IPO to open for registration in the second week of March. The Indonesian government plans to raise about Rs. 70,000 – 75,000 crores through this IPO.
Delhivery IPO
The newbie in the supply and logistics bloc is all set to get into the IPO groove and is set to raise at least Rs 7,460 crore. The company will issue new shares for up to Rs 5,000 crore with an offer for sale component of Rs 2,460 crore. The existing shareholders are expected to dilute part of their holdings.
IPO of Pharmaeasy
Pharmaceutical delivery app PharmEasy will also launch its IPO soon. The company had applied for an IPO in November 2021. PharmEasy plans to raise at least Rs 6,250 crores by issuing new shares.
Byjus IPO
The learning and interactive app for education will soon be listed on the stock exchange. The company plans to raise between $400 million and $600 million.
OYO Hotels and Homes
One of India’s leading hospitality startups, OYO Hotels and Homes, is set to raise around Rs. $8,430 million. In this IPO, there will be a new issue of shares in the amount of Rs. 7,000 crores and the remaining Rs. 1,430 crores will be through OFS.
SBI Mutual Fund IPO
India’s largest bank and lender, the State Bank of India (SBI), is likely to publish its mutual fund expansion soon. The company plans to sell a 6 percent stake in mutual funds, while Amundi is likely to sell about 4 percent of its stake.
NSE IPO
The National Stock Exchange, India’s largest, is set to launch its IPO to raise Rs 10,000 crores. The company’s major shareholders are SBI, LIC, IFCI, IDBI Bank, Goldman Sachs, Stock Holding Corporation, Tiger Global and Citigroup.
In addition to these five latest IPOs, there may be more at stake. Keep an eye on our IPO calendar for more information and updates on upcoming IPOs. That said, if you don’t already have a demat and trading account, now might be the right time to get one. This way you can make sure you have it ready by the time these IPOs hit the market. Other companies likely to release their IPOs in March or soon include Go Airlines (India) Limited, One Mobikwik Systems Limited, Kventer Agro Limited, Snapdeal Limited, Utkarsh Small Finance Bank Limited.
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