- Date : 30/09/2022
- Read: 5 mins
IPOs are a great investment opportunity, and you can benefit in the short or long term, depending on your investing goals
Companies require capital to keep functioning and expanding. Initial Public Offerings (IPOs) are a way to raise funds for companies. A company sells its equity shares to the public and, in return, gets listed on the stock exchange. IPOs are in the primary market, and companies choose to give their equity to the public. An upcoming IPO means that a company has submitted drafts and has received a nod from the SEBI. We will see a lot of action in the IPO segment in the primary market as many companies will offer their IPOs. As an investor, you can invest in short-term or long-term IPOs, depending on your investment goals.
These are a few IPOs in India that are upcoming in October 2022:
1. Electronics Mart India Ltd. (EMIL)
EMIL wants to use an IPO to raise Rs. 500cr. EMIL is fourth on the list of electronics and durable retailers in India. It has a prominent presence in Andhra Pradesh and Telangana. It had 99 stores in India as of August 2021. EMIL had the largest EBIDTA among its competition in 2020. Even during the pandemic, EMIL generated Rs 32,018.76 million in operating revenue in FY21 and had 0.93% YoY growth.
Electronics Mart India IPO Opening Date: Oct 4, 2022
Electronics Mart India IPO Closing Date: Oct 7, 2022
Basis of Allotment: Oct 12, 2022
Initiation of Refunds: Oct 13, 2022
Credit of Shares to Demat: Oct 14, 2022
Electronics Mart India IPO Listing Date: Oct 17, 2022
2. Elin Electronics
Elin electronics manufacture product solution end-to-end for many leading brands of small kitchen appliances, fans, and lighting in India. It is among the best manufacturers of fractional horsepower motors in India. According to the market size, they are the largest in their segment, with 12% in the 2021 fiscal year. Elin electronics wants Rs. 760cr and has filed its draft with the SEBI. The dates are yet to be announced.
3. Ola Cabs
It is a global leader in transportation and among the biggest platforms for mobility. Ola Cabs offer mobility solutions and app-driven services for cabs to 250 Indian, UK, Australian, and New Zealand cities. Drivers and commuters connect through their online platform for vehicles such as taxis, cabs, e-rickshaws, and bikes. Ola Cabs had filed a draft with the SEBI to raise Rs. 1500cr from the market. The dates are yet to be announced.
4. Tracxn Technologies
Tracxn Technologies provides data for market intelligence to startups and offers seamless solutions. It has proposed to offer 3,86,72,208 equity shares for sale. Tracxn Technologies filed its draft with the SEBI in August last year and got the approval in November of the same year. Its IPO is scheduled for a release in October this year. However, the final date has not been announced yet.
5. Landmark Cars
Landmark Cars are among the most prominent car dealerships in our country. They own Ashok Leyland, Renault, Volkswagen, Jeep, Honda, and Mercedes-Benz dealerships. They have filed for an IPO, which includes Rs. 612cr in equity and Rs. 150cr in primary issues. The IPO amount is Rs. 762 crores. The dates are yet to be announced.
6. Sresta Natural Bioproducts
Sresta Natural Bioproducts offer packaged organic food and wants to raise Rs. 500cr through the market. Sresta Natural Bioproducts is among the pioneers in the packaged organic food segment and aims to provide pesticide and chemical-free food. It owns 24 Mantra, the organic food brand. Their IPO contains 70.30 lac equity shares and Rs. 50cr worth of new issues for sale. The dates are yet to be announced.
7. Capital Small Finance Bank
Capital Small Finance Bank wants to raise Rs. 450cr through its IPO. The existing shareholders want to sell 38 lac equity shares and will also have new shares for sale. Capital Small Finance Bank is India's first SFB since 2016 and is among the top SBFs in India for CASA deposits, retail deposits, cost of funds, and asset quality in 2021. It offers a varied product portfolio and has a sizable book in various asset classes. The dates are yet to be announced.
8. Keventer Agro
Keventer Agro is an FMCG based out of Kolkata and wants to raise Rs. 350cr through its IPO. It will offer fresh shares and sell equity shares up to Rs. 1cr. It specializes in fresh, dairy, and packaged foods in rural, semi-urban, and urban areas in eastern and northeast India. Their profits have increased steadily lately and are rapidly expanding in their packaged foods segment. The dates are yet to be announced.
9. Emcure Pharmaceuticals
Emcure wants to raise Rs. 1100 crores through its IPO and has filed its draft for the IPO with the SEBI. Its offer includes 1.81cr equity shares that its existing shareholders will sell. Emcure is the largest HIV antiviral, blood-related, and gynecology therapeutic drug manufacturer in India, according to sales in 2021, and the 12th largest pharmaceutical company in India. A CRISIL report suggests that Emcure is among India's fastest-growing companies in the pharma industry. The dates are yet to be announced.
IPOs are a great investment opportunity, and you can benefit in the short or long term, depending on your investing goals. These are the upcoming IPOs in 2020, and we hope we have provided you with some valuable insights.