The stock market veteran is confident that 2022 will also be a great year for the primary market. In this year, many big IPOs including LIC will be seen rocking. Market experts feel that the market will see the benefits of the coming strength in the economy and the improvement in the performance of companies. Which will ultimately support the setup of the primary market as well.
Market watchers are also getting a boost from the increasing number of IPOs lined up for approval so far. So far, the number of IPOs that have been approved and those awaiting approval are almost equal. If we look at the figures, so far 38 companies’ IPOs have been approved by SEBI, while 36 companies’ IPOs are awaiting approval from SEBI.
Axis Capital said in its report in early January that so far SEBI has issued observations for 37 IPOs, while 37 IPO papers have been filed with SEBI, which are awaiting SEBI’s green signal.
Market experts say that 20 companies can launch their IPOs in the first quarter of the calendar year 2022. These include Emcure Pharmaceuticals, ESDS Software Solutions, AGS Transact Technologies, Tracxn Technologies, Adani Wilmar, ESAF Small Finance Bank, Go Airlines, Arohan Financial Services, Paradeep Phosphates, One MobiKwik Systems, and Skanray Technologies.
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Apart from this, the country’s biggest IPO of Rs 70,000-1,00,000 crore of LIC can come in the current quarter itself. However, LIC has not yet filed the draft papers of its IPO with SEBI.
Yesha Shah of Samco Securities says that calendar year 2022 could be a record-breaking year for IPOs if similar sentiment continues in the primary market. He further said that the IPO pipeline of 2020 is very strong. So far more than 30 IPOs have been approved and more are in the line of approval. 2021 has been the year of acceptance of new age IPOs in the market. Technology based new age IPOs like Flipkart, Ola, Pharmeasy and Delhivery are all set to hit the market in 2022. Apart from this, Adani Wilmar, Emcure Pharmaceuticals and Vedant Fashions may bring their IPOs.
Divam Sharma of Green Portfolio says that 2022 IPO will be better for the market than 2021. Because in 2021 the market has checked them through offers from Nykaa, Zomato and Paytm. Now we expect more maturity to come. He further said that there may be concerns about valuations in the IPO market, but there is huge interest from investors in these new age companies. In such a situation, new generation companies like Pharmeasy, Delhivery, MobiKwik, Ola and Oyo are gearing up to prepare for listing in the market.
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