According to Pitchbook venture analyst Cameron Stanfill, a "unicorn phenomenon" that has heralded in large funding rounds for companies over the past decade is "eventually smashing up" and showing itself in an unprecedented surge of IPO activity. The phenomenon of buzzy billion-dollar companies scooping up sky-high public market valuations will continue in 2022, thanks in part to the billions poured on startups over the past years. 

Top 10 IPOs to watch out for 一

 1. LIC

Life Insurance Corporation of India is among the most-awaited and the largest IPO in India.  The insurance giant is expected to get regulatory approval by the first week of March, following which an indicative marketing price band will be set. On February 13, 2022, Life India Corporation (LIC) filed draft papers with the capital market regulator, Sebi, for its initial public offering (IPO). LIC has denied the rumours of the issue date and the IPO size.

The Life Insurance Corporation of India (LIC) is a statutory insurance and investment company with its headquarters in Mumbai, India. It is under the control of the Indian government.

2. Adani Wilmar

Adani Wilmar is an FMCG food company that was founded in 1999 as a joint venture between the Adani Group and the Wilmar Group. It offers most of the important kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. Furthermore, the profits from the stock sale will be used to fund capital expenditures for existing manufacturing facility expansion, new manufacturing facility construction, debt repayment/prepayment, strategic acquisitions and investments, and other general corporate purposes.

Its Rs 3,600 crore IPO was sold between January 27 and 31 at a price band of Rs 218-230 apiece, which was overall subscribed more than 17 times.

3. NSE

In 2022, the NSE, India's largest stock exchange, plans to go public. The NSE intends to raise INR 10,000 crore through the share sale. Moreover, important stockholders include SBI, LIC, IFCI, IDBI Bank, Goldman Sachs, Stock Holding Corporation, Tiger Global, and Citigroup.

According to SEBI chairman Ajay Tyagi, the Securities and Exchange Board of India (SEBI) is reviewing the National Stock Exchange's proposal for an Initial Public Offering (IPO) in accordance with the regulator's previous instructions. The watchdog announced last month that it has approached the Securities and Exchange Board of India (Sebi) about an initial public offering.

4. MobiKwik

MobiKwik is among the leading providers of Buy Now Pay Later (BNPL) and mobile wallets in India. The digital payment corporation aspires to meet the credit needs of the constantly growing online population. The platform offers services such as peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments. 

Upasana Taku, Mobikwik's chairperson and chief operating officer, told that the business's initial public offering (IPO) is a once-in-a-lifetime chance, and that the company will not want to enter the market when it is behaving erratically, preferring to wait for the market to stabilise.

5. Delhivery

Delhivery is a cutting-edge logistics and delivery company. Delhivery is an online logistics service company that specialises in express package delivery, heavy products delivery, part truckload (PTL) freight, truckload (TL) freight, supply chain solutions, and cross-border solutions, among other things. The company intends to raise INR 7,460 crore in total. 

6. OYO

Oyo (Oravel Stays Limited) is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem. It intends to generate INR 8,430 crore through an initial public offering (IPO). The IPO also includes a fresh issuance of up to Rs 7,000 crore and a sale of up to INR 1,430 crore.

7. Pharm Easy

Teleconsultation and radiological tests are two of the company's health-related services. It also delivers medicines, medical devices, and other items to patients' homes. In addition, it plans to raise INR 6,250 crore by issuing new equity shares. 

8. Ola

Ola is a cab-hailing service that works in the same way as Uber. The size and timetable of Ola's IPO might still alter as the company's deliberations continue. The company hopes to raise roughly up to USD 1 billion through an initial public offering (IPO) in 2022. Other Ola investors, such as SoftBank, Tiger Global, and Steadview Capital, will gain from the share sale by exiting or partially liquidating their positions in the company.

9. GoAir

GoAir is an Ultra Low-Cost Carrier (ULCC) with a market share of 10.8% in fiscal 2020, making it one of India's fastest-growing airlines. In addition, the airline's fleet inventory is estimated to be around 56 aircraft. It also has 28 domestic and nine international destinations on its network. A new issue of equity shares worth up to INR 3,600 crores might also be part of the initial public offering.

10.   Swiggy 

Swiggy is the most popular online meal delivery service. In 2022, the company intends to go public. Furthermore, the food-delivery juggernaut is focusing on the development of its Instamart grocery-delivery platform at the moment. It intends to have an initial public offering (IPO) before the end of 2022.

Despite the COVD-19 outbreak, 2021 was the strongest year for initial public offerings in the past two decades. In the coming year, the industry expects a similar IPO frenzy. Furthermore, many initial public offerings (IPOs) are already planned for 2022. Companies raised roughly INR 1,19,882 through IPOs in 2021. Furthermore, in 2022, the digital revolution, consumer, healthcare, and specialty chemicals industries are likely to feature forthcoming IPOs.

Up to this point, the IPO market appears to be promising. Many businesses are planning to go public next year. More than 25 firms have received regulatory clearance to go public in 2022. Furthermore, over 30 firms have yet to receive permission.