Upcoming IPOs in India 2023

It is time to consider how the IPO scene will probably be in the context of the Indian stock market as the new year approaches. The Securities and Exchange Board of India has received many Draft Red Herring Prospectus (DRHP) filings from various organizations (SEBI).

Given the favourable environment for public issues, these businesses that have already filed their initial prospectuses will most likely start accepting public registration in 2023.

This blog will look at the list of companies that may launch their Initial Public Offerings (IPOs) in this new year.

Looking Forward to Upcoming IPOs in 2023

DRHP-filed IPOs scheduled to launch in the upcoming week or month of 2023 are called Upcoming IPOs. This is because investor demand for IPOs has rarely been as strong as in recent years.

According to data, this year's total IPO collections exceeded the ₹100 lakh crore threshold. In this new year, investors might see similar participation in forthcoming IPOs.

Upcoming IPO in India 2023 List

Here are some of the new company in share market 2023 that are looking forward to running an IPO-

Important Details About the IPOs Coming Up in 2023

After viewing the list of new IPO coming in the current year, you may be interested in knowing some important information about it.

These quick facts will make it easier to remember more recent details on the upcoming IPO 2023.

• Puranik Builders Ltd. IPO

Puranik Builders is a company that develops both residential and commercial real estate. It was founded in 1990. The company has finished about 35 projects, mainly in the Mumbai and Pune Metropolitan regions.

Puranik Builders is planning an IPO in which it hopes to raise ₹510 crores, with over 17 additional projects.

• FabIndia Ltd. IPO

FabIndia is a retail clothing brand with a physical and online presence that Wipro's Azim Premji supports. The company filed its DRHP long ago, but it intends to raise about ₹500 crores through a new share issuance or the new IPO launch in early 2023. 

• Indegene Ltd. IPO

One of the many healthcare tech firms in India, Indegene offers management, R & D, and a wide range of other services to pharmaceutical companies. The company intends to sell 950 crores of rupees worth of shares to the general public.

• TVS Supply Chain Solutions Ltd. IPO

TVS Supply Chain Solutions works with other organizations to offer supply chain logistics solutions. The company excels in several areas, including demand forecasting, inventory planning, production, optimization, and procurement management. It may soon introduce a new IPO in market.

• Zaggle Prepaid Ocean Services Ltd. IPO

One of the many companies in the nation offering electronic payment solutions is Zaggle Prepaid Ocean Services. The company works with corporations, SMEs, and other organizations to provide three different services.

• Tata Play

Walt Disney Co. is a significant investor in Tata Play, India's largest satellite television operator, with over 19 million subscribers. Tata Play was formerly known as Tata Sky. The US entertainment juggernaut wants to sell every one of its 29.8% stakes in Tata Play.

• Tata Technologies Ltd. IPO

Warren Harris is the MD & CEO of Tata Technologies, a multinational product engineering and digital services provider. The four main areas of focus are the automotive, aerospace, industrial machinery, and industrial sectors.

• Survival Technologies Ltd. IPO

The business is an Indian manufacturer of speciality chemicals focusing on contract research and manufacturing services (CRAMS). It is one of India's few speciality chemical companies producing a limited range of heterocyclic and fluoro-organic products for domestic and international markets.

• Hosana Consumer (MamaEarth) Ltd. IPO

In terms of operating revenue for the fiscal year 2022, MamaEarth is India's largest digital-first BPC company. Products in the baby care, face care, body care, hair care, colour cosmetics, and fragrances segments are part of its portfolio of brands with distinctive value propositions.

• Hexagon Nutrition Ltd. IPO

The pure-play nutrition company Hexagon Nutrition is fully integrated and focused on research. Its product line covers a wide range of topics, including food fortification, therapeutic nutrition, clinical nutrition, and the reduction of malnutrition.

• Sahajanand Medical Technologies Ltd. IPO

Sahajanand Med Tech has submitted a SEBI application for a ₹1,500 crores initial public offering (IPO). The business is a significant medical device company focusing on developing, manufacturing, and marketing vascular.

• Inspira Enterprise India Ltd. IPO

The Prakash Jain family owns the enterprise solutions provider Inspira Enterprises. The ₹800 crore IPO consists of an ₹300 crores new issue and a ₹500 crore offer for sale (OFS).

The company will use the proceeds from the latest issue to pay off debt and work capital needs. In addition, it provides numerous cross-vertical solutions.

• ESAF Small Finance Bank Ltd. IPO

The Kerala-based ESAF SFB specializes in microloans. The ₹998 crore IPO consists of an offer for sale (OFS) worth ₹198 crores and a new IPO worth ₹80crorees.

The portion of the latest issue will be used to increase its capital adequacy and provide money for on-lending in its core lending business.

• Popular Vehicles and Services Ltd. IPO

Popular Vehicles & Services Ltd filed for an initial public offering (IPO) with SEBI, including a new issue of ₹150 crore and an offer for the sale of 42,66,666 (42.67 lakhs) shares.

The business, which has its headquarters in Kerala, is the top national dealership for various cars.

• One MobiKwik Systems Ltd. IPO

The forthcoming IPO of ₹1,500 crore and an OFS of ₹ 400 crore make up MobiKwik's ₹1,900 crores initial public offering (IPO). However, Paytm's underwhelming listing delayed the issue's launch from Dec. 21–Jan.

MobiKwik provides customers and merchants with a full payment wallet and a unique BNPL (buy now, pay later) digital plan.

• Fincare Small Finance Bank Ltd. IPO

A new issue of 330 crore rupees and an offer for sale (OFS) of 1,000 crore rupees make up Fincare SFB's ₹1,330 crore initial public offering (IPO). Fincare also serves the large unbanked population and will use the new funds to increase its Tier-1 capital base to expand its loan book quickly.

• Skanray Technologies Ltd. IPO

Skanray Technologies' initial public offering (IPO) will include a new issue for 400 crore rupees and an offer to sell 141.06 lakh shares at a future price. The business creates, develops, and produces medical devices focusing on the Indian market.

• Penna Cement Ltd. IPO

The ₹1,550 crore IPO will comprise a ₹1,300 crore new issue and a ₹250 crore offer for sale. This Hyderabad-based cement company's second attempt will be used to pay off debt and fund expansion.

• Le Travenues Technology (Ixigo) Ltd. IPO

The ₹1,600 crore IPO will comprise a ₹850 crore new issue and a ₹750 crore offer for sale. It has been around for over 14 years and is one of the few artificial intelligence-based platforms for booking flights, trains, and hotels. However, despite being in the travel industry, it uses a more B2B business model.

• Oravel Stays (OYO) Ltd. IPO

To raise ₹8,430 crores, one of India's first and most successful hospitality start-ups in the sector of the digital room plans to tap the market. However, the business may accept a lower offer and lower valuations. Therefore, the IPO will include a new issue of ₹7,000 crores and an offer for sale by existing holders of ₹1,430 crores.

Conclusion

Some businesses may launch their IPOs in 2023.  However, the plans for these companies' Initial Public Offerings might also be postponed depending on the state of the economy and investor sentiment. Thus, it would be best if you considered this. 

Now, be sure to have an active DEMAT Account if you intend to invest in any soon-to-launch IPOs.