4 IPOs launched in 2022 that could change the Indian capital market

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1. LIC (Life insurance company)

LIC is a government owned insurance provider and it is also India’s largest insurer. It was formed by the Indian government in 1956 by merging 245 insurance companies. With around 2,048 branches across the country and a large network of LIC agents, it’s hard to count the true value of LIC. LIC holds half of the national insurance market, while the other half is captured by the others. The company also has other activities such as LIC Housing. The company is the majority shareholder of IDBI bank.

The company has filed the project with SEBI. The IPO is considered to be India’s largest IPO. At the time of the IPO, the government sells 5 to 10% of its share. For the government to meet its divestment target, listing will be critical. This IPO should bring the government between Rs 600 billion and Rs 800 billion.

In the latest announcement, the Indian government reserved 10% of the shares in LIC’s IPO for policyholders. In the Policyholder category, eligible investors can request the IPO at the time of the call for tenders.

2. Ola

2. Ola

Ola is a unicorn designed for startups, providing on-demand taxi service across the country, primarily in Tier 1 and Tier 2 cities. Ola is also considering a public offering in the first half of next year, in the goal of increasing at least Rs 150-200 crore. This investment will put Ola’s value between Rs 1200 and Rs 1400.

The company plans to raise half of its capital through the main offer and the other half through a sale offer (OFS). Ola is profitable, unlike most businesses. It achieved an autonomous operating profit of Rs 89.80 crore during fiscal year 2021, against a deficit of Rs 610 crore the previous year. The company has not yet filed the project with SEBI. However, it is slated to open for auction in 2022.

3. Delhi very

3. Delhi very

Delhivery, a Gurugram-based logistics startup, has also joined the list of IT companies planning to go public next year. The company has filed draft documents with SEBI for an IPO of Rs 7,460 crore.

The company has already submitted its draft prospectus on red herring (DRHP) to the Securities and Exchange Commission. Delivery said in its Red Herring Prospectus Project (DRHP) that it plans to increase Rs 5,000 crore through new share issues and rupee 2,460 crore through an Offer to Sell (OFS) in which some of its current investors will reduce their holdings.

4. Byju's

4. Byju’s

Byju’s, a Bangalore-based startup, is India’s largest Edutech company. It provides online education to millions of people, from kindergarten to UPSC aspirants. The company is also planning an IPO for next year, 2022. It intends to raise $ 400 million to $ 600 million in total.

The startup has acquired several brands, companies over the past 2 years. To date, the company currently has around 18 acquisitions and 1 investment in its portfolio. In a recent acquisition, the company acquired Akash Educational Service Limited, an offline coaching institute for IIT JEE, NEET / Medical and entry-level engineering.

In the coming weeks, the company is expected to complete its pre-IPO financing at a valuation of over Rs 2,100 crore. It will almost certainly be split evenly between equity and debt.

Byju’s intends to submit its first IPO filings in the second quarter of next year, shortly after its fiscal year end in March. He had previously envisioned a timeline of 12 to 24 months after funding.

In several published reports, the company and its bankers are negotiating a value of Rs 4,000 to Rs 5,000. Byju’s was recently valued at 1,800, against Rs 16,500 in June 2021, during its last round.

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