IPO Launch In December, January: Top 10 IPOs Can Raise Rs 35,000 Crore (Full List)

November was an eventful month for the primary market with 10 main board companies having closed their public issues, achieving a record fundraising of Rs 36,113 crore in a single month.

Breaking Records

2021 overall saw the decade’s highest number of IPO launches.

Paytm’s operator One97 Communications accomplished the biggest ever IPO in the history of Indian capital markets.

It contributed significantly to the month’s blockbuster fundraising, having mopped up Rs 18,300 crore followed by Zomato’s Rs 9,375-crore IPO in July.

Star Achievers

The following are the other big IPOs of the year with fundraising of Rs 5,000 crore and more:

• Policybazaar operator PB Fintech
• Nykaa operator FSN E-Commerce Ventures
• Cement company Nuvoco Vistas Corporation
• Auto parts maker Sona Comstar 
• PowerGrid Infrastructure Investment Trust

The healthy trend buoyed by a recovery in the economy after the COVID-19 crisis is expected to continue through December as well.

Ones To Watch Out For

IPOs of at least eight companies are highly anticipated in the next couple of months.

One such is the Rakesh Jhunjhunwala-backed Star Health and Allied Insurance which aims to raise Rs 7,249 crore.

Another is Tega Industries which is gunning for Rs 619 crore.

Both companies have already opened their public offers for subscription.

Anand Rathi Wealth will also open its Rs 660-crore offer on December 2.

Then nearly a week later on December 7, the Rs 1,336-crore IPO launch of RateGain Travel Technologies will take place.

December IPO Expectations

The IPOs in December are expected to collectively raise Rs 30,000 crore, provided there is no deferments of IPO dates or size due to the fallout of the Paytm listing and market correction.

In total, there are 20-odd companies in the IPO pipeline.

10 of those will take place in December such as those of Star Health, Go Airlines, Adani Wilmar, Metro Brands, VLCC, Gemini Edibles and others.

The Ones Coming Soon

The other companies waiting for their time to shine include:

• AGS Transact Technologies
• Skanray Technologies
• Paradeep Phosphates
• Penna Cement
• ESAF Small Finance Bank
• Chemspec Chemicals
• Fincare Small Finance Bank
• Arohan Financial Services
• CE Info Systems

Anticipated Problems

However, the new variant of the Coronavirus, Omicron, can pose a threat to new listing plans.

Already mentioned is Paytm’s underwhelming listing against investors’ expectations.

Deferment of the MobiKwik IPO on valuation concern and volatile secondary markets can also cause investors anxiety.

This makes them more skeptical of high valuation issuers and new-age business valuation models.

Experts advise companies to rethink their listing pricing strategy before going public, says Prashanth Tapse, vice-president, research, at Mehta Equities.