Upcoming IPOs in February 2022 - Swastika Blog Swastika
Upcoming IPOs in February 2022

Upcoming IPOs in February 2022

Important Details of Upcoming IPOs in 2022

In the year 2021, we saw many companies launching their IPOs to make an entrance into the public market.

From January to December, a minimum of 3 companies have become public every month.

Following the last year, there are other companies too, who are looking forward to making their debut in the primary market.

The IPO information is crucial for every stock market trading investor.

In this blog, we will talk about all the upcoming IPOs in February 2022 so that you can take a call on investing or not.

Upcoming IPOs List in February 2022

Sr No Name of the Company Issue Size Opening Date Closing Date
1 Vedant Fashion Ltd ₹3,149.19 Cr February 4, 2022 February 8, 2022
2 Go Airlines Ltd ₹3,600 Cr* To be announced To be announced
3 Mobikwik Systems Ltd ₹1900 Cr* To be announced To be announced
4 Jana Small Finance Bank  ₹2,000 Cr* To be announced To be announced
5 Arohan Financial Services Ltd ₹850 Cr* To be announced To be announced
6 Ixigo (Le Travenues Technology) Ltd ₹1,600 Cr* To be announced To be announced

  

Vedant Fashion Ltd

Vedant Fashions, India’s largest private label apparel and lifestyle brand, will hit the primary markets on February 4 with an IPO that will be an offer for sale by the company’s promoters.

The Rs 3,149 crore offer will give the existing shareholders and promoters of the company a chance to monetize their investment.

Vedant Fashion Ltd., an Indian clothing company, owns several brands such as Manyavar, Mohey, Mebaz, Manthan, and Twamev.

It operates through franchise-owned outlets (EBOs), as well as multi-brand outlets (MBOs) and large format stores (LFSs).

The company also has an online presence on its website and mobile application. As of September 30, 2021, it had over 1.2 Mn sq. ft of retail space in India and 11 EBOs overseas.

It has announced plans to go public on February 4, 2022, with a total issue size of ₹3149.19 crores for sale.

MobiKwik Systems Limited

In 2009, MobiKwik Systems Limited began its operations with MobiKwik Wallet. This allowed users to load money into a mobile wallet and make payments with a single click.

Mobikwik is one of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India. The company also offers payment gateway services to e-commerce merchants.

They aspire to provide credit to India’s growing online population, and they offer a range of products to help with that goal, including peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments through their platform.

Their IPO has a valuation of INR 1900 crore. It involves a fresh share offering worth up to INR 1,500 crore, and 400 crores in an offer for sale.

Jana Small Finance Bank

One of the major players in the small financing scenario of the country, Jana Small Financing Bank (JSFB), will launch its initial public offering (IPO) with an issue size of Rs. 2,000 crores.

This IPO will include both an offer for sale (OFS) of Rs. 1,300 crores and fresh issue of shares worth Rs. 700 crores. 

Finance bank Jana Small Finance Bank is raising funds through an initial share-sale worth Rs 700 crore, according to a draft red herring prospectus filed with the Sebi.

The company offered up to 92.53 lakh (9.25 million) shares to new investors in an issue of equity shares worth Rs 700 crore.

Go Airlines Ltd

GoAir, India’s 5th largest airline, filed its draft red herring prospectus with India’s Securities and Exchange Board (SEBI) for an initial public offering worth ₹3600 crores.

The Wadia Group-owned the Mumbai-based airline, which began in 2005. The company name was GoAir, but they recently rebranded to GoFirst.

They fly 300 flights per day to 36 different domestic and international destinations; they have a market share of around 8.4%.

Go Airlines is India’s ultra-low-cost airline that focuses on young Indians, leisure customers, and MSME business travellers.

The retail portion of the IPO is 10%, while QIB is 75% and NII is 15%. They will be listed on NSE and BSE, both indices.

Arohan Financial Services Ltd

Arohan, set up in 2006, is the largest non-banking financial company microfinance institution in the eastern Indian region with a gross loan portfolio of Rs. 4600 crore in FY21.

It raised Rs. 189 crore from ASK Financial Holding, Kiran Vyapar Ltd, and Arohan ESOP Trust at Rs. 210 per share between FY17 and FY20.

Its gross loan portfolio was Rs. 48.57 billion, the highest among all non-banking financial company microfinance institutions in eastern India. It is the fifth-largest NBFC-MFI in India based on the gross loan portfolio.

Between FY17 to FY20, it had the second-highest CAGR (which signifies compound annual growth rate) of 68% among the top five NBFC-MFIs in India and the highest customer growth among the top five NBFC-MFIs at 49% CAGR between FY18 to FY20.

Ixigo (Le Travenues Technology Limited)

Ixigo (Le Travenues Technology Limited), a technology company, focuses on empowering Indian travellers.

We assist travellers in making better travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on our OTA platforms.

Ixigo’s vision is to become India’s leading travel ecosystem for the following billion users driven by technology, cost-efficiency, and their culture of innovation.

They have OTA platforms that allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs while providing travel utility tools and services.

They offer train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing, availability alerts, deal discovery, destination content, personalised recommendations, and instant fare alerts flights.

They also provide automated customer support services.

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