InvestorQ : Can you tell me about some of the major IPOs that are supposed to hit the markets in January 2021?
Dhwani Mehta made post

Can you tell me about some of the major IPOs that are supposed to hit the markets in January 2021?

Dilmini Mercia answered.
1 year ago

I think you are referring to January 2022. We are yet to get firm dates for IPOs scheduled to be launched in January 2021. However, there are a few companies that were just waiting for the new year to begin to launch their IPOs. These companies are likely to hit the IPO market either in the first half or second half of the month of January 2022

· Adani Wilmar, the joint venture between Adani Enterprises and Wilmar of Singapore is planning to launch a Rs.4,500 crore IPO in January. This will be entirely by way of a fresh issue of shares. Its Fortune brand is quite popular in the market.

· Ruchi Soya is not an IPO but a follow-on public offer or an FPO to be precise. You would recollect that Ruchi Soya was acquired by Patanjali in the year 2019. Ruchi Soya has some popular and valuable brands like Mahakosh Oil, Sunrich Oil etc. The size of the issue will be around Rs.4,300 crore.

· The airline group owned by the Wadias of Bombay Dyeing, Go Airlines, will launch its Rs.3,600 crore IPO in the month of Jan-22, entirely by way of fresh issue. Go Air will use the money to repay its debt and lease rentals. However, airlines are still in a lot of problems due to negative profit spread per seat kilometre.

· MobiKwik was a case of will they; wont they. Finally, they appear to be keen to revive their IPO plans in January. The Rs.1,900 crore IPO of MobiKwik was put in the back burner after the poor listing of the Paytm stock. However, digital still is attracting a lot of demand. The issue will include Rs.1,500 crore by way of fresh issue.

· ESAF is a small finance bank or SFB based out of Kerala. It largely doles out micro loans and this side of the business has been under a good deal of asset quality pressure. The Rs.998 crore IPO will include a fresh issue of Rs.800 crore which will be used to boost capital adequacy and expand the lending palate.

· Here is a unique IPO of Tracxn Technologies, which specializes in offering a subscription service for investment bankers, corporates and PE funds. They can use the smart database of Tracxn to track privately held and unlisted companies in emerging technology space for investment opportunities.

Apart from these, there are also the IPOs of Skanray Technologies and ESDS Software that is expected in the first half of January 2022. There could be more in the offing, but let us watch.