LIC, OYO, Delhivery IPOs in 2022; other major public issues to watch out for…
Kotak Mahindra Capital Company in its report stated that the IPO frenzy will continue in 2022, adding that it will be dominated by resilient sectors such as new-age tech, healthcare, consumer, realty and specialty chemicals
Here are the IPOs that you need to watch out for in 2022
It rained IPOs in 2021 so much so that the primary market broke several records and created new ones in terms of the size of initial public offering (IPOs), total fundraising, IPO subscription and even debut premium. This year, a total of 65 companies launched their IPOs which garnered over Rs 1.31 lakh crore, 74.6 percent higher from the previous record year of 2017. This IPO momentum is likely to continue next year as well since many companies are looking to go public.
The brokerage noted that IPOs worth $15 billion have already been filed with the Securities and Exchange Board of India (Sebi) and issues worth $11 billion are likely to be filed soon by several high-quality companies across large-caps and mid-caps. IPOs of new age tech companies, like Zomato and Nykaa, have already given a favourable direction to upcoming IPOs of other internet companies like Byju’s, Ola, PhonePe and Flipkart in 2022. Here are the IPOs that you need to watch out for in 2022
Big IPOs to watch out for in 2022: SBI Funds Management: LIC: Delhivery: MobiKwik: OYO: Pharmeasy: Droom, SnapDeal:
Life Insurance Corporation IPO: The most-awaited IPO in 2022 is that of Life Insurance Corporation of India (LIC), which is supposed to be the country’s biggest IPO ever. The issue is expected to open before the end of March. According to reports. The draft red herring prospectus (DRHP) for the issue will most likely be filed with SEBI next month. Once listed, LIC is likely to become one of the biggest domestic companies by market capitalisation with an estimated valuation of Rs 8-10 lakh crore. The central government will hold at least 75% stake in LIC for the first five years post the IPO, and subsequently hold at least 51% at all times after five years of the listing. The authorised share capital of LIC shall be Rs 25,000 crore divided into 2,500 crore shares of Rs 10 each. Up to 10% of the IPO issue size would be reserved for policyholders.
Investors are advised to do adequate home work before deciding to invest in new IPOs as the past experience has not been so good. Please contact Goodwill for all your queries.
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