The IPO season is back in the Indian Equity Market. Last week, the mega LIC IPO closed on 11th May 2022 that got subscribed 2.95 times on the final day and will be getting listed in the secondary market this week on May 17, 2022. This week, three more companies are offering public issues, namely Paradeep Phosphates IPO, Ethos IPO, and eMudhra IPO.

As per the filings on SEBI, IPO subscription for Paradeep Phosphates IPO (Rs1,501 Cr) will open on 17th May 2022, and Ethos IPO (Rs 472 Cr) will open on 18th May, and EMudhra IPO (Rs 412 Cr) will open on 20th May. Collectively, the three IPOs will raise Rs 2,387 Crore from the primary market.

upcoming ipos may 2022 16-23

Ethos Limited IPO

Ethos Ltd., India’s luxury and premium watch retailer is finally coming up with its Initial Public Offering looking to raise Rs. 472.29 Cr. The IPO will open for subscription on May 18th, 2022, and close on May 20th, 2022.

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Ethos Limited is India’s largest luxury and premium watch retail player. It serves its customers through both online and physical stores. The company has a 20% market share in the luxury watch retail segment and a 13% market share in India’s premium and luxury watch retail segment.

They have the largest portfolio of premium and luxury watches in India which includes brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain.

Paradeep Phosphates IPO

Paradeep Phosphates is looking to raise ₹ 1501.73 crores through an initial public offer (IPO). The IPO will open on 17th May 2022 and will conclude on 19th May 2022. The bids for anchor investors will open on 13th May 2022. It has a price band of ₹39 to ₹42 per share.

The offering includes a fresh issue of equity shares worth ₹ 1255 crores and an offer for sale by its promoters and shareholders. Zuari Maroc Phosphates Private Limited (ZMPPL), its holding company will offload 60.18 lakh equity shares and the Government of India will sell its entire stake in the company. Once the shares are listed, the government will cease to be a company’s promoter.

eMudra Limited IPO

eMudra Limited, the largest licensed certifying authority for digital signatures in India with a market share of 37.9%, is offering its IPO between May 20–24 and has set a price band of Rs 243–256 a share, with the issue size of Rs 412.79 Crores. 

eMudra ltd offers digital trust services and enterprise solutions to individuals and organisations functioning in various industries. The IPO consists of a fresh issue of Rs 161 Cr and OFS of up to 9.84 million shares by its existing shareholders and promoters.


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