Ola to Mobikwik, April 2022 IPOs you need to keep an eye on
Investing in good companies takes patience, knowledge and a bit of luck too. When it comes to investing money in stocks there often can be a bit of confusion about which stocks to buy. But, if you are looking to invest in the month of April, here is a list of companies that are expected to come up with an IPO.
The first quarter of 2022 saw high volatility in the market which also led to a few companies coming up with their IPOs. But going into the second quarter, the markets are expected to be a bit more stable. The companies that are expected to list in April are:
MOBIKWIK (IPO: 1900 CRORE)
MobiKwik started their business as a mobile wallet provider and then shifted its focus to Buy Now Pay Later (BNPL). It is one of the leading BNPL companies in India, which aims to address the credit requirements of the rapidly increasing online consumers.
It offers services like MobiKwik Wallet, peer-to-peer payments through UPI, and MobiKwik Wallet to bank payments. MobiKwik’s IPO size will be around Rs 1,900 crore. It will consist of an offer for sale (OFS) worth Rs 400 crore and fresh share issue of up to Rs 1,500 crore.
DELHIVERY (IPO: Rs 7460 CRORE)
Delhivery is one of the fastest-growing logistics services players in India. It provides a full range of services including express parcel delivery, heavy goods delivery, PTL (partial truckload) freight, warehousing, supply-chain solutions, TL (truckload) freight, etc.
Delhivery plans to raise Rs 7,460 crore in its IPO, of which, Rs 5,000 crore will come from fresh issue and Rs 2,460 crore will come from an offer for sale. They hope to achieve a valuation of $6 - 6.5 billion dollars.
IXIGO (IPO: Rs 1600 CRORE)
Ixigo (i.e Le Travenues Technology Ltd) is expecting to raise Rs 1,600 crore through its IPO. The OFS would be worth Rs 850 crore and the fresh issuance will consist of Rs 750 crore.
The company provides travel utility products and technologies like train PNR status and confirmation forecasts, train seat availability notifications, train running status notifications, delay forecasts, etc.
OLA (IPO: Rs 7300 CRORE)
Ola is a popular cab-hailing service in India which was started by Bhavish Aggarwal in 2010 on the lines of Uber. Ola is working on a SUPER app before the launch of its IPO and has recently entered the electronic vehicle space, which makes it an IPO worth waiting for. It is planning to raise somewhere around Rs 7,300 crore through the IPO.
GEMINI EDIBLES AND FATS INDIA (IPO: Rs 2500 CRORE)
Gemini Oil is the leading and fastest growing edible oil and fats companies in India. Their most popular brand is 'Freedom', and they have a distribution network of over 30 depots, over 1,100 distributors and wholesalers. It is expected to come with its Rs 2,500 crore IPO in April.
DROOM TECHNOLOGY (IPO: Rs 3000 CRORE)
Droom is an online marketplace for automobiles and its platform allows one to purchase both new and used vehicles. The company utilizes cutting-edge technology such as artificial intelligence, machine learning, and data analytics to provide a top-notch solution. The company is expecting to raise Rs 3,000 crore via an IPO.
Of the Rs 3,000 crore IPO, it wants to raise Rs 1,000 crore via an Offer for Sale (OFS) and the remaining Rs 2,000 crore through a fresh issue of shares. It plans to use the money to conduct organic and inorganic growth initiatives.
BAJAJ ENERGY (IPO: Rs 5450 CRORE)
Bajaj Energy Limited is a subsidiary of the Bajaj Group of Companies and its business revolves around power generation and distribution. The company owns some of the largest power plants in India and is one of India's largest private-sector power producers. Through the IPO, the company is looking to raise around Rs. 5,450 crore.
EMCURE PHARMACEUTICALS (IPO: Rs 4000-5000 CRORE)
Founded in 1983, the Pune-based company Emcure manufactures and globally markets a wide variety of pharmaceutical products. It is planning to raise somewhere between Rs 4,000-5000 crore through this IPO.
Emcure is acknowledged for its diverse product portfolio, including injectables, orals and biologics. The company also has a Messenger RNA (mRNA) platform, which is currently developing a COVID-19 vaccine.
Some other IPOs that are in the talks are: Oyo Stays, Bharat FIH and Paradeep Phosphates
These are the most-expected IPOs for April 2022. Investors can expect more IPOs or even a shift in these ones as the listing ultimately depends on market conditions.