7 Upcoming IPOs in January 2022

After the fantastic year for the IPOs, 2022 is not less than 2021. Many big institutions and startups are going public this year. The month of November and December were full IPOs and so we expect the same in upcoming months as more companies are lined up at the door of SEBI for the fresh issue approval. 

Here is the list of IPOs we expect for the month of January 2022.

Adani Wilmar 

Adani Wilmar, the package food company is part of Adani Group. They started Adani Wilmar in 2013 and achieved great success by making the brand “Fortune”. They are willing to go public in the year 2022 to arrange the funds for the expansion of their manufacturing units, repayment of debts, and for further investments. 

ESAF Small Finance Bank

ESAF aka Evangelical Social Action Forum is a small finance bank that lends the loan to the underbanked. In 2017 they got permission to run a small finance bank before that it was a non-profit organization. 

ESAF is going for an IPO to fund their capital needs to strengthen their business in tier 1 cities. Apart from they will enjoy listing their shares on the stock exchange. 

Skanray Technologies

Skanray Technologies started in 2007, is the leader in medical device manufacturer. The company ideates, design, manufacture, and market their own products in three main segments: critical care, radiology, and respiratory management system. 

This is a fresh issue for the organic growth of the company, capital requirements, and subsidiary investments. 

ESDS Software Solutions 

ESDS Software solutions incorporated in 2005 in Nashik, Maharashtra. The company offers SaaS, IaaS, and managed services to government ministries and enterprises, corporate companies in a wide range of sectors. 

ESDS IPO is expected in the month of January. The goal of this fresh issue is to raise funds to buy cloud computing equipment for the data centers, repayment of debts, and use other general corporate objectives.   

AGS Transact technologies

AGS Transact Technologies started in 2011 in India and now they are delivering their services in other Asian countries too. They are the leading solution provider of ATM management services in India. Talking in terms of revenue it stands in 2nd position in India.

We can expect the IPO of Ags Transact Technologies on 19th January 2022. It will be complete OFS worth ₹800 Crores giving their early investors benefits of listing on stock exchanges.

Tracxn Technologies

Tracxn technologies started in 2013 provides market intelligence data to private companies. They manage a SaaS platform called Tracxn which scans domains and web profiles across the geographies network globally. They sell this data to their customers so that they can plan accordingly for their future business.

Tracxn Technologies IPO will hit the markets soon in the upcoming weeks. The objective of this IPO is to enjoy the listing benefits on the stock exchanges.  

One Mobikwik Systems 

Mobikwik is a well-known institution in the digital space of mobile wallets and BPNL (Buy Now Pay Later) wallets. The company focuses on growing its customers in the online transaction space, BPNL and GMV wallets. 

Mobikwik IPO will give benefits to its early investors as some portion of fresh issue will be dedicated to offering for sale and other funds will be used for funding organic growth and meeting general corporate needs.

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