The Bain Capital-backed company had in December received regulatory approval to raise around Rs 4,000 crore through an initial share-sale.Īs per the DRHP, the IPO comprises fresh issuance of equity shares worth Rs 1,100 crore and offer of sale (OFS) of 18,168,356 equity shares by promoters and existing shareholders. Emcure Pharmaceuticals IPOĪnother expected upcoming IPO in April 2022 is of Emcure Pharmaceuticals. The company had received SEBI nod for the IPO in March. The IPO will be totally primary issuance of equity shares. PharmEasy IPOĪPI Holdings, the parent company of pharmacy platform PharmEasy, is looking to raise Rs 6,250 crore via IPO. The company is likely to launch its IPO in April or May.ĭelhivery IPO comprises fresh issuance of equity shares worth Rs 5,000 crore and an offer for sale (OFS) component of Rs 2,460 crore by existing shareholders, as per draft red herring prospectus (DRHP). The new-age logistics company Delhivery had received SEBI approval for around Rs 7,460-crore IPO in January. Backed by SoftBank Group Corp and Sequoia, OYO had filed preliminary papers in September 2021. However, as per reports, the company may settle for a smaller price and lower valuations as current global crisis has affected tech stocks. Hospitality start-up OYO Rooms is planning to hit the D-Street for raising around $1.2 billion. As per the DRHP, over 31 crore equity shares will be on offer and up to 10% of the issue size will be reserved for LIC policyholders. As per media reports, the government may offer more than 5% of its stake in the state-owned insurer and is looking to garner about Rs 50,000 crore ($6.6 billion) from the IPO. The regulator granted its approval in March. On February 13, the government filed the draft red herring prospectus (DRHP) for LIC IPO with the Securities and Exchange Board of India (SEBI). The government had postponed the LIC IPO due to the market correction and it is now expected to be launched in early FY23. Let’s look at each of the IPOs that are likely to hit the Street soon. We will update the list as and when the dates are finalised. This is only an indicative list as of now. The dates of their public issue are yet to be announced and some are yet to even finalise the issue size. Here are some of the key companies that have upcoming IPOs in April 2022. The new IPOs in April will steer the trajectory of primary markets in the new financial year. While some companies may wait till the LIC IPO is done, others have already announced upcoming IPOs in April 2022. IPOs in April-May are expected to be worth over Rs 1.60 lakh crore. There were however a few primary issues in March such as those of Uma Exports, Veranda Learning, and Hariom Pipes Industries.īut there’s still a lot of action lined up in the primary market in the coming months. The mega IPO of the state-run insurance behemoth Life Insurance Corporation (LIC) was also deferred to the next fiscal amid market uncertainty. However, investor response to IPOs was tepid in January and February. About 71 new issues helped raise over Rs 1.22 lakh crore from the market. Last financial year i.e., FY22, saw record initial public offerings (IPOs). Investor excitement over new public issues seems to have dried down considerably. The Russia-Ukraine war, rising global crude oil prices, outflows of foreign capital from emerging markets and rising interest rates are some of the reasons behind the recent downfall in global and domestic equity markets. The primary markets are going through a lull as unfavourable global macroeconomic and geopolitical concerns continue to weigh on investor sentiment.
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