Upcoming IPOs in December 2021

In the first 11 months of year 2021, a total of 53 IPOs (including 1 REIT and 1 INVIT) hit the market. These IPOs raised a total sum of Rs.114,653 crore between them and this is already a historical IPO record year, bettering 2017 in the process.

India has seen IPOs worth Rs.37,000 crore in October and November and could see another Rs.20,000 crore to Rs.25,000 crore collected in December 2021, making it the best year by a margin.
 

How IPOs are likely to pan out in December 2021?

November 2021 saw the Paytm IPO, the biggest in history at Rs.18,300 crore. However, post the fall in stock price after listing, MobiKwik has decided to put off its IPO plans indefinitely. Hence we will be removing MobiKwik from the list.

As of now, we have a confirmed announcement of Tega Industries opening on 01-Dec and Go Air tentatively expected to open on 08 December.
 

List of Upcoming IPOs in December 2021.
 

_{(Note: In last column, dates in brackets denote IPO opening date - * means tentative)}

While the LIC IPO may still be some time away, December promises to be a busy month for IPOs. Again, big digital IPOs like Delhivery and PharmEasy are expected to hit the IPO market in the month of December 2021. Here is a quick summary of companies expected to hit the IPO market in Dec-21.

Emcure Pharmaceuticals

The Rs.4,500 crore IPO will comprise of a fresh issue of Rs.1,100 crore and an offer for sale of Rs.3,400 crore. The company focuses on generics and active pharma ingredients and will use the fresh issue component to repay debt.

Skanray Technologies

The IPO of Skanray Technologies will comprise of a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares with price to be decided. The company focuses on the Indian medical devices market and designs, develops and manufactures medical devices.

VLCC Healthcare

The IPO of VLCC Healthcare will comprise of a fresh issue of Rs.300 crore and an offer for sale of 89.23 lakh shares with price to be decided. The company focuses on health, wellness and beauty solutions to the fast growing and health conscious Indian market.

Delhivery Ltd

The Delhivery IPO will comprise of a fresh issue of Rs.5,000 crore and an offer for sale of 2,460 crore with number of shares to be decided. The company focuses on end to end logistic solutions including last mile logistics and has a long term tie up with FedEx. It was promoted by first generation entrepreneurs.

API Holdings Ltd (PharmEasy)

The PharmEasy IPO will comprise entirely of a fresh issue of Rs.6,250 crore. One of the most popular digital pharma retailing brands in India, it has created a digital ecosystem to bring doctors, patients and pharmacies together. It offers online health consultation, order of medicines with assured delivery.

Droom Technology

The Droom Technology IPO will comprise of a fresh issue of Rs.2,000 crore and an offer for sale of Rs.1,000 crore. Droom, like CarTrade Tech, offers an online marketplace for buying and selling cars and two wheelers along with content rich features to facilitate comparison and decision making.

Ixigo

The Rs.1,600 crore IPO will comprise of a fresh issue of Rs.850 crore and an offer for sale of Rs.750 crore. It is one of the few artificial intelligence based platforms for booking flights, trains and hotels and has been around for over 14 years now.

Rategain Travel Technologies

The Rs.1,200 crore Rategain IPO will comprise of a fresh issue of Rs.400 crore and an offer for sale of Rs.800 crore. It services marquee clients with data centres based on AI. Rategain is a subsidiary of Rategain UK and will use the funds to repay debt and deleverage.

AGS Transact Technologies

The Rs.800 crore IPO will comprise of entirely a fresh issue in which promoters and early investors will offer shares to the public. It offers ATM management services, which is the mainstay business of AGS.

The company is betting big on adding to the existing tally of 40,000 cash recycling machines, which it expects to replace ATMs gradually.

Aadhar Housing Finance

The Rs.7,300 crore IPO will comprise of a fresh issue of Rs.1,500 crore and an offer for sale of Rs.5,800 crore. Aadhar Housing Finance is the largest funding intermediary in the affordable housing segment in terms of AUM. It will use the funds to boost capital base.

Five Star Business Finance

The Rs.2,752 crore IPO will comprise entirely of an offer for sale to give exit to early investors and partial exit to promoters. The company is based out of Chennai and services the Southern region with 93% of revenues coming from unbanked population in 4 states.

Arohan Financials

The Rs.1,800 crore IPO will comprise of a fresh issue of Rs.950 crore and an offer for sale of Rs.850 crore. Arohan is an NBFC and is also into microfinance serving the unpenetrated segments of the market. The IPO will help boost its capital adequacy.

Northern Arc Capital

The Rs.1,800 crore IPO will comprise of a fresh issue of Rs.300 crore and an offer for sale of Rs.1,500 crore. Northern Arc is also an NBFC and will look at the fund raising to boost its capital adequacy and expand lendable resources.

Utkarsh Small Finance Bank

The Rs.1,350 crore Utkarsh Small Finance Bank IPO will comprise of a fresh issue of Rs.700 crore and an offer for sale of Rs.650 crore. The company is an SFB based out of Varanasi and is very strong in Uttar Pradesh, Uttarakhand and Bihar belt. IPO will be used to boost capital adequacy.

Fincare Small Finance Bank

The Rs.1,330 crore Fincare Small Finance Bank IPO will comprise of a fresh issue of Rs.1,330 crore and an offer for sale of Rs.1,000 crore. The small finance bank will use the proceeds of the fresh issue component to augment its tier-1 capital and improve its lendable resources.

Penna Cement

The Rs.1,550 crore IPO will comprise of a fresh issue of Rs.1,300 crore and an offer for sale of Rs.250 crore. This is the second attempt of this Hyderabad based cement company and will be used to reduce debt and for expansion.

Sterlite Power Transmission

The Rs.1,250 crore Sterlite Power Transmission IPO will comprise of a fresh issue and is part of the Vedanta group. Sterlite Power owns and manages power transmission assets and these are spread across India and Brazil.

Tega Industries

The Rs.619 crore Tega Industries IPO will comprise entirely of an offer for sale. The company operates across 6 plants located at mining sites, of which 3 are abroad. Tega gets 86% of its revenues from global operations. Tega is into polymer based products for support to mining and the abrasives industry.

Paradeep Phosphates

The Paradeep Phosphates IPO will comprise of a fresh issue of Rs.1,255 crore and an offer for sale of 12 crore shares by existing shareholders. Paradeep, based out of Odisha, is into the manufacture of phosphatic fertilizers.

Adani Wilmar

The Rs.4,500 crore Adani Wilmar IPO will comprise entirely of a fresh issue of Rs.4,500 crore. It is a joint venture between Adani group and Wilmar of Singapore and offers the total food chain solutions from farm to fork. Their Fortune brand is quite popular.

Keventer Agro

The Rs.800 crore IPO will comprise predominantly of an OFS of Rs.425 crore and a fresh issue of Rs.375 crore. Keventer has presence in the packaged food, dairy products and fresh food products vertical. It franchises Frooti, Appy, Bailey and Appy Fizz from Parle Agro.

Gemini Edibles and Fats

The Rs.2,500 crore IPO will comprise predominantly entirely of an offer for sale (OFS). Gemini Edibles is into food related FMCG products and is popularly known for its Freedom Brand of Sunflower oil.

CMS Info Systems

The Rs.2,000 crore CMS Info Systems IPO will comprise predominantly of an OFS as its 100% owner Sion Investments will look to monetize part of the holdings. CMS is into cash management services and predominantly into ATM management services.

Go Airlines

The Rs.3,600 crore Go Airlines IPO will comprise entirely of a fresh issue. The issue proceeds will be used for reduction of debt including payables like the fuel dues to IOCL and lease rentals on aircraft. Go Air, as per latest DGCA data, has 9.1% market share in domestic routes.

Tracxn Technologies

The IPO will comprise of an offer for sale (OFS) of 386.72 lakh shares by the promoters and early investors. Tracxn offers a subscription service for investment bankers, corporates and PE funds to track the private and unlisted companies in emerging technology space.

Also Read:-

List of Upcoming IPOs in 2021

List of Upcoming IPOs in December 2021