The craze that was seen in the year 2021 for the Initial Public Offer (IPO) is expected to continue in 2022 as well. The increased participation of retail investors in the IPO has made it more interesting, due to which many companies not only got huge subscriptions but investors also got huge profits on listing. This trend is expected to continue with IPO in the year 2022 as well. According to various portals tracking the IPO, at least 8 companies are preparing to launch their IPO in the next few weeks. Let’s have a look at these-
1. Adani Wilmar
The shares of Adani Wilmar have already started trading in the unlisted market and it is trading at a premium of around Rs 140. It is an FMCG company of Adani Group, which markets its products from Fortune and other brands. The company’s financial performance is improving year after year and its net profit stood at Rs 727.65 crore in FY21. It is also being said that there will be shareholder quota in the IPO for the shareholders of its parent company Adani Enterprises.
2. ESDS Software
It is a cloud services company invested by a PE firm. The company’s IPO will consist of a fresh issue of Rs 322 crore and offer-for-sale (OFS) from the promoters of 21,525,000 shares. It is counted as some of the leading cloud service providers in the country.
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3. GO फर्स्ट (Go First)
GoFirst (formerly known as GoAir) is all set to raise around Rs 3,600 crore from its IPO. The company was earlier going to bring its IPO in 2021 itself, but later it was postponed in view of the weak response received by Paytm and some other IPOs. In the first 9 months of the financial year 2020, the company had a loss of about Rs 470 crore. GoFirst will primarily use the proceeds of the IPO to reduce the debt on it.
It is a beauty and makeup company, offering two skin and personal care products. The company had got approval from SEBI to launch an IPO of Rs 300 crore. The proceeds from the IPO will be used for reducing debt, expanding into multiple regions, strengthening the brand and other purposes.
5. Skanray Technologies
Medical equipment maker Skanray Technologies got approval from market regulator SEBI in November last year to launch an IPO. The company is preparing to raise Rs 400 to 500 crore through IPO. In this, fresh equity shares of Rs 400 crore and offer-for-sale (OFS) of 14,106,347 equity shares will be brought by the promoters. Skanray Technologies is one of the leading medical device manufacturers in the country and is involved in designing, developing, manufacturing and marketing medical devices.
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6. CMR Green Technologies
It is the country’s largest manufacturer of aluminum and zinc die-casting alloys with an annual capacity of 310,700 metric tonnes. The company has maintained its rapid growth rate since its inception by leveraging the latest technologies and continuous improvement. The IPO of CMR Green Technologies will consist of a fresh issue of Rs 300 crore and an offer-for-sale (OFS) of 3.34 crore shares by promoters and shareholders.
7. Prudent Advisory
Since its inception in the year 2000, it is one of the fastest growing financial services companies in the country. It offers its services in categories like Mutual Funds, Insurance, Equities, Bonds, PMS-AIF, Fixed Income Products, Properties and Loan Products. The IPO of Prudent Advisory will be a purely offer-for-sale, in which 82,81,340 shares of its shareholder and promoter Wegner and 2,68,000 shares of Shirish Patel will be sold.
8. Tracxn Technologies
The IPO of Bengaluru-headquartered Tracxn Technologies will be a purely offer-for-sale, under which the promoters will put up 3.86 crore shares for sale.
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