Upcoming IPO in December

A list of companies are offering an IPO in December 2021. Here is the list of the companies that are confirmed to get listed in upcoming days.

STAR HEALTH AND ALLIED INSURANCE COMPANY LTD

  1. Star Health and Allied Insurance Company Ltd, founded in 2006, is one of India’s major private health insurers, with a market share of 15.8% in Fiscal 2021. The retail health and group health divisions, which accounted for 89.3 percent and 10.7 percent of the company’s total GWP in Fiscal 2021, respectively, are the company’s primary emphasis.
  2. Individual agents are the primary channel via which the firm sells insurance, although it also includes corporate agent banks and other corporate agents. As of September 30, 2021, it had 779 health insurance outlets spread over 25 states and 5 union territories in India. With over 11,778 hospitals, Star Health has created one of India’s largest health insurance hospital networks.
  3. Over the previous three fiscal years, the company has regularly ranked #1 in India’s retail health insurance market based on retail health GWP (Gross Written Premium).
  4. IPO DETAILS
    1. IPO SIZE – 7249 Crores
    2. DATE – November 30, 2021 – December 2, 2021
    3. PRICE BAND – 870Rs -900Rs

TEGA INDUSTRIES

  1. Tega Industries is a prominent manufacturer and distributor of specialist ‘essential to run’ and recurring consumable items for the mineral beneficiation, mining, and bulk solids handling industries across the world.
  2. On the basis of revenues as of June 30, 2021, the firm is the world’s second largest producer of polymer-based mill liners. Customers utilise the company’s products at various phases of mining and mineral processing, screening, grinding, and material handling, as well as after-market spends on wear, spare parts, grinding media, and electricity, which are common operational expenses for customer
  3. IPO DETAILS
    1. IPO SIZE – 619 Cr
    2. DATE – 1st – 3rd December 2021
    3. Price band – 443 – 453 Rs

GO AIRLINES 

  1. Go Airlines (India) Ltd is an ultra-low-cost carrier (“ULCC”) whose unit revenues are driven by low unit costs and compelling value delivered to consumers. With a growth in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020, the company is one among India’s fastest growing airlines. As a ULCC, we’re focused on keeping our costs low and getting the most out of our contemporary, fuel-efficient fleet.
  2. The company’s fleet inventory as of February 10, 2021 consisted of 56 aircraft, 46 of which were A320 NEO models and 10 of which were A320 CEO models. According to CAPA, the average age of the company’s aircraft was 3.7 years, making it the youngest average fleet age among Indian LCC carriers and among the youngest fleets of any LCC worldwide.
  3. The airline has a network of 28 domestic and nine foreign destinations as of January 31, 2020.
  4. With a growth in domestic market share from 8.8% in fiscal 2018 to 10.8% in fiscal 2020, the company is one among India’s fastest growing airlines
  5. 50 routes out of 157 are profitable
  6. IPO details
    1. IPO SIZE – Rs 3,600 crores
    2. DATE – December 8, 2021 – December 10, 2021
    3. PRICE BAND –
    4. PROMOTER – Wadia family
  7. The issue’s goals are as follows:
    1. Prepayment or planned repayment of all or a portion of the Company’s outstanding borrowings.
    2. Letters of credit, which are granted to some aircraft lessors in order to secure lease rental payments and future aircraft maintenance, are being replaced by cash deposits.
    3. Payment of Indian Oil Corporation Limited’s debts for gasoline delivered to the company, in part or in whole.
    4. For general business objectives.

ADANI WILMAR

  1. Adani Wilmar Ltd is one of the few significant FMCG food firms in India that offers most of the important kitchen commodities, such as edible oil, wheat flour, rice, pulses, and sugar, to Indian customers.
  2. The company sells a variety of basics such as wheat flour, rice, lentils, and sugar under a variety of brands that span a wide price range and appeal to a variety of consumer groups.
  3. The Adani Company, a worldwide diversified business group with extensive holdings in the transportation and logistics, as well as the energy and utilities sectors, formed a joint venture in 1999.
  4. Wilmar Group, one of Asia’s top agricultural conglomerates, is one of the Singapore Exchange’s largest listed firms by market capitalisation.
  5. The Wilmar Group’s worldwide sourcing skills and technological know-how are combined with the Adani Group’s in-depth understanding of local markets, vast expertise in domestic trade, and superior logistics network in India.
  6. IPO DETAILS
    1. IPO SIZE – 4500 Crores
    2. DATE – (will be updated soon)
    3. PRICE BAND – (will be updated soon)

ANAND RATHI WEALTH SERVICES

  1. ANAND RATHI Wealth Services is a significant non-bank wealth management services organisation in India, providing consulting, distribution, and technology solutions to a wide range of clients. This company is one of the few wealth management firms in India that offers a variety of services to customers ranging from the general affluent to HNIs and Ultra HNIs, ranging from human service to technology and robo-advisory.
  2. Private Wealth Management (“PWM”), Digital Wealth Management (“DWM”), and Omni Financial Advisors (“OFA”) are the three business verticals through which the company operates.
  3. The issue’s goals are as follows:
    1. Investment in the equity shares of its subsidiary, ARWMPL, for software and other technology-related costs, as well as future investment in the equity shares of its subsidiary, FIINFRA, for similar purposes.
    2. Office space acquisition and outfitting in and around Lower Parel, Mumbai, Maharashtra.
    3. For general business objectives.
  4. IPO DETAILS
    1. IPO SIZE – (will be updated soon)
    2. DATE – December 2, 2021- December 6, 2021
    3. PRICE BAND – 530Rs – 550Rs

There are some more IPOs that are said to list in December, although the information is not confirmed yet. The article will get updated when any information related to them will be released. The list of unconfirmed IPOs are:

Emcure Pharmaceuticals             

Jana Small Finance Bank 

CMS Info Systems  

MobiKwik     

Arohan Financials  

Northern Arc Capital        

Ixigo  

Penna Cement        

Utkarsh Small Finance Bank       

Fincare Small Finance Bank        

Sterlite Power Transmission       

RateGain Travel Technologies    

ESAF Small Finance Bank Ltd     

Shriram Properties

Shri Bajrang Power And Ispat    

Studds Accessories Limited

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