2021 was a year of IPO, with almost 65 IPOs. These 65 IPOs raised more than INR 1.31 trillion, surprisingly, most of them get oversubscribed. In 2021, the IPO market was blessed with some fortune, and investors' interest made them a huge success. The oversubscription of IPOs shows how the Indian stock market could see a potential boom in 2022 and repeat 2021's magic. However, the market is unpredictable, it would be unfair to make any pre-assumptions. But one thing is sure, 2022 will witness a number of IPOs and these IPOs are big. There are some most anticipated IPOs like LIC, BYJU'S, Ola, and a few more that could bring magic to the Indian Capital market.
These are expected IPOs coming in January 2022:
1. Adani Wilmar
The packaged staple foods company is the part of Adani Group that ventured into the space in the space in the year 2013 and has the famous 'Fortune' brand under its banner. The company proposes to utilize the Net Proceeds towards funding capital expenditure for expansion of the existing manufacturing facilities and developing new manufacturing facilities ("Capital Expenditure"), Repayment/prepayment of the company's borrowings, and funding strategic acquisitions and investments.
MobiKwik is a fintech company - one of the largest mobile wallets and BNPL (Buy Now Pay Later) player in India, based on mobile wallet GMV and BNPL GMV, respectively, in Fiscal 2021. The company is focused on addressing the unmet credit needs of these fast-growing online transactors by combining the convenience of everyday mobile payments with the benefits of BNPL.
Each Selling Shareholder will be entitled to its respective portion of the proceeds of the Offer for Sale after deducting its proportion of the Offer expenses and relevant taxes thereon. Our Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds. Accordingly to the Company, Company proposes to utilize the Net Proceeds towards funding organic/ inorganic growth initiatives and other corporate purposes.
3. ESAF Small Finance Bank
ESAF Small Finance Bank is a small finance bank based in India that offers banking services and small loans to the underbanked. In March 2017, it was established as a small finance bank. Here ESAF stands for Evangelical Social Action Forum. ESAF Microfinance (previously) began operations in 1992 as a non-profit organization. ESAF was a non-banking finance company and microfinance institution (NBFC-MFI) before becoming a bank, with its headquarters in the Kerala city of Thrissur and a license from the RBI.
ESAF Small Finance Bank IPO is a fresh issue. The purpose of the fresh issue is to strengthen Bank's Tier -I capital base in order to satisfy the bank's future capital requirements. Furthermore, the proceeds from the Fresh Issue will be used to cover the costs associated with the Offer. The Bank intends to gain from the listing of its equity shares on stock exchanges.
4. Skanray Technologies
Skanray Technologies, which was founded in 2007, is a major participant in the Indian medical device sector. Medical gadgets are designed, developed, manufactured, and marketed by the firm. The firm offers a diverse product line that may be divided into three areas. Products for critical care, radiology, and respiratory management systems. The firm has its own R&D department. The company's goods are created in-house and are based on the intellectual property that it owns.
It is a fresh issue. The company's IPO will be used to fund organic expansion, capital requirements, and subsidiary investments, among other things. The company is also anticipating funding its capital expenditure obligations.
5. Aadhar Housing Finance
Aadhar Housing Finance Ltd is one of India's major affordable housing finance organizations, catering to the requirements of low-income individuals and families. Aadhar aims to help millions of people who have never owned a house. The erstwhile Aadhar Housing Finance Limited was founded in 2010 and later merged with DHFL Vysya on November 20, 2017, changing its name to Aadhar Housing Finance Limited.
Aadhar Housing Finance IPO is a fresh issue IPO. The Promoter Selling Shareholder will receive the proceeds of the Offer for Sale, less their share of Offer-related expenditures and any taxes. The Net Proceeds will be used to increase the Company's capital base in order to meet future capital requirements.
6. ESDS Software Ltd
ESDS commenced operations in 2005 in Nashik, India, and now offers goods to a wide range of businesses, including government ministries and enterprises, as well as corporate organizations from various sectors in multiple countries. We feel that the company's services provide a "one-stop-shop" for our customers' cloud adoption and that this is a significant aspect of customer acquisition, retention, and differentiation from our rivals. SaaS, IaaS, and Managed Services are among the many services we offer.
It is a fresh issue IPO by the company. The IPO's goal is to raise money to buy cloud computing equipment for our data centers. servicing the firm's long-term working capital needs, repayment/prepayment, in full or in part, of certain term loans taken out by the company, and other general corporate objectives.
7. Go Airlines (Go First)
GoAir is an ultra-low-cost carrier dedicated to making air travel more inexpensive and accessible to the general public. Young Indians and MSME business travelers are the company's target clients. The corporation is focused on keeping its cost base low and getting the most out of its contemporary, fuel-efficient fleet. GoAir had 56 aircraft in its fleet portfolio as of February 2021.
The business intends to use the proceeds from the IPO to prepay or postpone repayment of all or a part of certain existing borrowings. Replacement of letter of credits with cash deposits, which are issued to certain aircraft lessors to secure lease rental payments and future maintenance of aircraft; repayment of dues to Indian Oil Corporation Limited, in part or in full, for fuel supplied to the company.
8. Bajaj Energy
Bajaj Energy Limited is one of Uttar Pradesh's major private sector thermal power companies. The Promoter Selling Shareholder will be entitled to the proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and relevant taxes thereon. The Company will not receive any proceeds from the Offer for Sale. The Net Proceeds from the Fresh Issue are proposed to be utilized towards the purchase of equity shares of the face value of LPGCL ("LPGCL Shares") from BPVPL and BHSL.