The Baseline    
17 Aug 2022
Chart of the week: Largest upcoming IPOs in 2022
By Abdullah Shah

As markets rise, many companies are lining up with IPOs to raise funds. One of the largest upcoming IPOs is EbixCash, with a fresh issue of shares up to Rs 6,000 crore. The company is a digital product and services  provider in the payments, travel and financial technologies space. 

The next largest IPO on the anvil, for which draft papers have been filed with SEBI, is Flipkart founder Sachin Bansal’s fintech firm Navi Technologies. This too is a fresh issue of shares of up to Rs 3,350 crore. Navi provides a gamut of financial services including loans, insurance and mutual funds. 

The third largest upcoming IPO, with draft prospectus pending approval with SEBI, is of mutual fund registrar and transfer agent KFin Tech. This Rs 2,400 crore IPO is entirely an offer for sale by private equity firm General Atlantic.

Then we have Imagine Marketing (BOAT), Hemani Industries and Allied Blenders & Distillers with an issue size of Rs 2,000 crore each. The IPOs are a combination of fresh issue of shares and offers for sale by the company promoters.

BOAT is a digital-first consumer products company and one of the largest Indian digital-first brands in terms of revenue in FY21. Hemani Industries is an agrochemical and speciality chemical maker with products used in crop and wood protection, as well as veterinary, household and public health applications.

Another upcoming IPO is PayMate India, which is a fresh issue of shares and an offer for sale worth up to Rs 1,500 crore. It is a B2B  payments  and  services  provider  that digitizes and  automates payments in supply chains.

As the stock markets in India stabilize after the volatility in early FY23, many investors are waiting for these IPOs to hit the street.You can track all IPOs on our IPO dashboard.

 

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