Undeniably, 2021 was a blockbuster year for the IPO market and the highlight was retail investors eying for IPOs to come throughout the year. Last year, around 65 mainstream companies raised nearly ₹ 1.31 lakh crore through the IPOs.

Popular IPOs - 2021
The pandemic adversely affected the Indian economy, specifically in the first quarter of FY 2021-22. Despite that, many companies introduced their IPOs in the stock market. Most received hefty profits from the primary market, from fintech firms to healthcare companies and cosmetic brands to food delivery businesses. Here are the most talked-about IPOs of 2021 in the segment.

• NYKAA (FSN E-Commerce Ventures Limited): FSN E-Commerce is the operator of online e-commerce beauty platform Nykaa raised ₹ 5,352 crores through the IPO. Subsequently, the issue was subscribed 81.78 times. Nykaa was listed at a whopping premium of around 79% above the issue price on its debut in the stock market.

• Zomato: It was one of the most sought-after IPOs to come into the limelight during 2021. The online food delivery brand collected ₹ 9,375 crores through the IPO. Thus, the company's public offering got subscribed 38.25 times. Zomato's shares rose to almost 53% against the opening day's issue price, taking its market valuation above ₹ one crore.

• PB Fintech: It operates the Policybazaar, an online insurance aggregator, and Paisabazaar, a credit
assessment portal. Along with many IPOs to come in 2021, PB Fintech was the most anticipated one. It raised over ₹ 5,710 crores by issuing fresh equity shares of ₹ 3,750 crores. Besides, it also gave an OFS (Offer for sale) of ₹ 1,960 crores to the existing shareholders. The company got an impressive response, and its public offerings were subscribed 16.59 times. The shares got listed at a striking premium of 17.35% more than the actual issue price.

• Paytm (One 97 Communications): A popular platform for digital payments, Paytm was amongst the most looked-for IPOs to come. The One 97 Communications, Paytm's parent entity, raised ₹ 18,300. On the 3rd day of its listing, Paytm's IPO got subscribed 1.89 times. Despite the massive size of the public offering, the first day of listing was quite unfavorable.The stock has since then been freefalling from the initial issue price, eroding huge wealth from investors.

IPOs to come - 2022
In 2022, as per the experts, the IPO issue to surpass the mark of ₹ 2 lakh crores, the highest so far. An array of companies are looking forward to coming up with their IPOs to enrich the stock market. Here are the most anticipated IPOs to come in 2022!

Company Name

Targeted Amount to Raise (in ₹)

LIC (Life Insurance Corporation)

70,000 crore

Adani Wilmar

4,500 crore


1,900 crore


1,600 crore

Penna Cements

1,550 crore

Fincare Small Finance Bank

1,300 crore

Sterlite Power

1,250 crore

Bajaj Energy

5,450 crore


7,460 crore


8,430 crore

Pharm Easy

6,250 crore


15,000 crore


4,500 crore

Go Airlines

3,600 crore

Studds Accessories

450 crore

Prospects Ahead
SEBI (Securities Exchange Board of India) has given the nod to nearly 35 companies for raising over ₹ 50,000 crores. Besides, 33 companies are still waiting for SEBI's approval to raise about ₹ 60,000 crores. Though investors are waiting for potential IPOs to come, LIC is set to take the stock market by storm. The mega IPO of LIC can raise anywhere between ₹ 70,000 to ₹ 1 lakh crore. However, it will primarily depend upon the valuation and amount of equity that government wants to sell off.

The Indian stock market was on a record-breaking spree for the IPOs to come. Likewise, the primary market remained cheerful despite a correction of 10% in the market due to the pandemic. December was a month full of activity for the primary market as 11 companies came up with their IPOs in the market.