The year 2021 can be termed as the most successful year for Indian IPOs as a total of 64 mainboard firms raised an amount of nearly 1.20 lakh crore, which is the highest amount accumulated through Initial Public Offering in one calendar year. In 2022, the Indian stock market saw one of the most talked-about listings – LIC (Life Insurance Corporation of India), which raised $2.7 billion during the launch.
Total no. of IPOs in 2022 – 134
Total no. of IPOs in 2021 – 138
From the above figures, if there is one thing that can be derived, it is that investors are willing to choose IPO investment for growth and this lends exciting opportunity to start-ups and established businesses to raise funds through IPO. This is why traders and investors always stay in search of the upcoming IPO in India. In this post, we will go deeper and know the present the future of IPOs in India.
The list of the top upcoming IPOs in 2023 are inclusive of some prominent players supported by private equity firms and venture capitalists. After amazing the success of Zomato, Delhivery, Nykaa, and CarTrade, many startups are vying to yield success from this trend in 2023. In fact, various unicorn and tech-based startups are planning to go public in 2023.
The increase in the number of initial public offerings (IPOs) mainly reflects the trust businesses and investors have in the country’s economy. We have presented a complete list of the latest upcoming IPOs in 2023 from India. Do remember that the businesses mentioned in this list have received SEBI clearance to release their public offerings. However, companies must provide comprehensive qualitative and quantitative information on their firm, its founders, and corporate history in order to receive regulatory clearance. As a result, the act of filing documents to SEBI alone demonstrates a company’s commitment to going public.
After a public offering is verified and approved by SEI, the primary capital market regulator, the application remains valid for 1 year. The traders and investors can check the IPO approval status of businesses that have submitted a draft prospectus and are currently awaiting regulatory endorsements.
What is Initial Public Offering (IPO)?
When an unlisted firm seeks to generate money by selling securities or shares to the public for the first time, it announces an initial public offering (IPO). An unlisted company refers to a firm that is not listed on the stock exchange. To put it another way, an IPO is when securities are sold to the general public on the primary market. The first-time issuance of new securities is dealt with on a primary market. Once a corporation is listed on a stock exchange, it becomes a publicly traded company and its shares are available for free market trading.
So, now look at the top upcoming IPOs scheduled for launch in 2023.
Business Name |
IPO Date (Tentative) |
Issue Size |
| Adani Enterprises | 27 – 31 Jan, 2023 | 20K |
| Infinion Biopharma | 2023 | Information awaited |
| Capillary Technologies India Ltd. | 2023 | Information awaited |
| Mukka Proteins Ltd. | 2023 | Information awaited |
| Protean eGov Technologies | 2023 | Information awaited |
| Arohan Financial | 2023 | Information awaited |
| Uma Converter Limited | 2023 | Information awaited |
| TBO TEK Limited | 2023 | 2100 |
| Gujarat Polysol Chemicals | 2023 | 414 |
| Go Airlines | 2023 | 3600 |
| Mobikwik | 2023 | 1900 |
| Arohan Financial | 2023 | 1800 |
| Penna Cement | 2023 | 1300 |
| ixigo | 2023 | 1600 |
| Sterlite Power | 2023 | 200 |
| Utkarsh Small Finance Bank | 2023 | 1350 |
| Bajaj Energy | 2023 | 5450 |
| PharmEasy | 2023 | 6250 |
| Fincare Small Finance Bank | 2023 | 1000 |
| Seven Islands Shipping | 2023 | 600 |
| Ola | 2023 | 1500 |
| Swiggy | 2023 | Information awaited |
| BYJU’s | 2023 | Information awaited |
| Snapdeal | 2023 | 1250 |
| Navi Technologies | 2023 | Information awaited |
| Ecom Express | 2023 | Information awaited |
| OYO Rooms | 2023 | 8500 |
| Droom | 2023 | 3000 |
| HDB Financial | 2023 | Information awaited |
| Aakash Educational Services | 2023 | Information awaited |
| Century Metal Recycling | 2023 | Information awaited |
| Narmada Bio-chem | 2023 | Information awaited |
| VLCC Health Care | 2023 | 300 |
| Studds Accessories | 2023 | 450 |
| ESDS Software Solutions Limited | 2023 | 322 |
| Muthoot Microfin | 2023 | 800 |
| Medi Assist Insurance TPA Pvt. Ltd. | 2023 | Information awaited |
| ESAF Small Finance Bank | 2023 | 998 |
| Fusion Microfinance | 2023 | 600 |
| Fab India | 2023 | Information awaited |
| Annai Infra Developers | 2023 | Information awaited |
| boAt | 2023 | Information awaited |
| Hinduja Leylan Finance | 2023 | Information awaited |
| Joyalukkas India | 2023 | Information awaited |
| Capillary Technologies | 2023 | Information awaited |
| Senco Gold | 2023 | Information awaited |
| Kids Clinic India Ltd | 2023 | Information awaited |
| Ebixcash | 2023 | Information awaited |
| Yatharth Hospitals | 2023 | Information awaited |
| Vikram Solar Ltd | 2023 | Information awaited |
| Aadhar Housing Finance | 2023 | Information awaited |
| Capital Small Finance Bank Ltd | 2023 | Information awaited |
| Lava International Ltd | 2023 | Information awaited |
| Cogent eService Ltd | 2023 | Information awaited |
| TVS Supply Chain Solutions Ltd | 2023 | Information awaited |
| Macleods Pharmaceuticals Ltd | 2023 | Information awaited |
| Northern Arc Capital Ltd | 2023 | Information awaited |
| Veeda Clinical Research Ltd | 2023 | Information awaited |
| Puranik Builder Ltd | 2023 | Information awaited |
| Imagine Marketing Ltd IPO | 2023 | Information awaited |
| Sahajanand Medical Technologies Ltd | 2023 | Information awaited |
| Healthium Medtech | 2023 | Information awaited |
| Asianet Satellite Communication Ltd | 2023 | Information awaited |
| BVG India Ltd | 2023 | Information awaited |
| Waaree Energies | 2023 | Information awaited |
| Plaza Wires Ltd | 2023 | Information awaited |
| Popular Vehicles Services Ltd | 2023 | Information awaited |
| Maini Precision Products Ltd | 2023 | Information awaited |
| Godavari Biorefineries Ltd | 2023 | Information awaited |
| Fedbank Financial Services Ltd | 2023 | Information awaited |
Arohan Financial
The unbanked segment of the population receives micro financing solutions from Arohan Financial. It has submitted a 1,800 crore DRHP to the market regulator. This would consist of 850 crores of rupees in new equity shares. 2,70,55,893 shares’ secondary components would make up the balance.
SAMHI Hotels
Marriott and Hyatt hotels are among the 27 upscale properties that SAMHI Hotels handles across 12 locations. The offering size for the SAMHI Hotels IPO would be between Rs. 1,800 and Rs. 2,000. This IPO consists of a 1,100 rupee new share issuance as well as a 1,91,45,624 share offer for sale.
Keventer Agro
One of the well-known food and beverage enterprises in Eastern India is Keventer Agro. A member of the Keventer Group, it. To raise Rs. 800 crores, it plans to list on the stock market.
After the IPO, the company’s value is anticipated to reach Rs. 2,500 crores.
Sterlite Power
Sterlite Power Transmission was founded in 2009 and has completed 25 projects totaling 13,700 circuit kilometres. In order to raise Rs. 1,250 crores through its public offering, the business has already filed a DRHP.
Narmada Bio-Chem
The company Narmada Bio-chem produces both chemical and organic fertilisers. It has a vast distribution network of 750 distributors throughout 10 states. The number of shares that will be issued in the IPO is 72,00,000.
Narmada Bio-initial chem’s IPO has a face value of Rs. 10 per share.
Inspira Enterprise India Ltd.
Inspira Enterprise India Ltd., a cybersecurity company, has submitted its DRHP to SEBI in preparation for its Rs. 800 crore public offering. This IPO would combine an OFS of shares valued at Rs. 500 crore from its shareholders and investors with a fresh share issuance of Rs. 300 crore.
PharmEasy
The parent company of PharmEasy, the top digital healthcare platform in India, API Holdings, has submitted an IPO application to market regulator SEBI for the month of November 2021. The offering size for the PharmEasy IPO would be Rs. 6,250 crores. This will be a brand-new share issuance. Through this IPO, neither a shareholder nor an investor will be reducing their ownership position in the business.
Medi Assist Insurance TPA Pvt. Ltd.
The IPO of Medi Assist Insurance TPA Pvt. Ltd. would consist only of an offering to sell about 2.8 million shares. It has a sizable network of more than 11,000 hospitals spread over 722 towns and cities across the nation, making it the largest third-party insurance administrator in terms of income.
Utkarsh Small Finance Bank
One of the small finance banks in India that has been growing quickly is Utkarsh Small Finance Bank. The market regulator has received the documents for its Rs. 1,350 crore first public offering.
This initial public offering (IPO) will contain 750 crores in main issues in addition to a 650 crores offer for sale.
Popular Vehicles and Services
Popular Vehicles and Services, one of India’s top auto dealers, will launch its initial public offering (IPO) in the next year. Suzuki, Tata Motors, Honda, and JLR dealerships are served by Popular Vehicles and Services.
With an OFS of 42,66,666 equity shares, this IPO will include a new offering of shares worth Rs. 150 crores.
Gemini Foods and Oils
Gemini Edibles, one of the top producers of sunflower oil, plans to raise Rs. 2,500 crores through its initial public offering. There will be no money made from the company’s first public offering; it will just be an offer for sale.
One of the biggest investors selling shares for Rs. 750 crores is Golden Agri International Enterprises.
ESAF Small Finance Bank
One of the newest participants in the small finance industries is the 2016-born ESAF Small Finance Bank. Nevertheless, it has had significant development during the last four years, expanding over 400 branches across India.
The principal issue for the Rs. 998 crore ESAF Small Finance IPO would be for Rs. 800 crore.
Shri Bajrang Power and Ispat Ltd
Leading steelmaker Shri Bajrang Power and Ispat Ltd. has submitted paperwork to SEBI for its Rs. 700 crores initial public offering. A new issuance of 41,18,000 equity shares with a face value of Rs. 10 will be made in this initial public offering (IPO). The firm intends to utilise the money to cover its working capital needs and pay off existing obligations.
Chemspec Chemicals
Chemspec Chemicals is a well-known producer of essential chemicals used in the FMCG industry. It has filed for a public offering of Rs. 700 crores, which would be totally a sale.
Gemini Foods and Oils
Gemini Edibles, one of the top producers of sunflower oil, plans to raise Rs. 2,500 crores through its initial public offering. There will be no money made from the company’s first public offering; it will just be an offer for sale.
One of the biggest investors selling shares for Rs. 750 crores is Golden Agri International Enterprises.
VLCC Health Care
One of the most well-known health and cosmetics brands in India is VLCC Health Care. In September 2021, it submitted its DRHP to the market regulator in preparation for its IPO. In this initial public offering (IPO), current shareholders and promoters will offer to sell 300 crores worth of new shares.
The business plans to use the money from its first public offering to open new wellness centres throughout India and the Gulf.
Hinduja Leyland and Finance
The finance division of car maker Ashok Leyland, Hinduja Leyland and Finance, plans to raise about Rs. 700 crores through its initial public offering. This initial public offering will include a 500 crore rupee new share issuance in addition to an offer for sale from Everstone Capital.
FAQs
How can I apply for upcoming IPOs online?
Applying for IPOs becomes extremely easy with online application. Investors can submit an application using a stockbroker’s website or mobile app and choose UPI as their method of payment.
Before submitting the bid, sign into the console and input the necessary information, including the UPI handle. Every application for an initial public offering (IPO) is backed by ASBA, or Application Supported by Blocked Amount, which enables the bank to hold the bid value amount until the IPO.
How IPO listing price is determined?
There are lots of variables that affect how an IPO will list on the listing day and the likelihood that investors will earn.
The primary determinant of IPO listing price is dependent on the supply and demand of the market. The listing price is often higher than the offer price, and vice versa, if there is more demand than there are available shares.
GMP refers to the premium for the grey market (GMP). GMP is frequently used by many people to make investment decisions on IPOs. The GMP provides a forecast of how an IPO will perform on the listing day and how the market will perceive it.
What is the IPO ASBA payment procedure?
ASBA refers to Applications Supported by Blocked Accounts. Investors’ accounts are blocked to the extent of the bid amount at the time of bidding and only debited at the time of allotment.
When investors submit a bid application to stock exchanges, the bid amount is deducted under various payment alternatives. As part of the ASBA procedure, the payment will be deducted from investors’ bank accounts at the time of allotment to the extent of a successful allocation. The money will stay frozen in investors’ bank accounts until such an allocation.
What do primary and secondary stock markets mean?
The area of the capital market known as the primary market is where securities are initially generated and sold to investors. IPOs are the focus of this market.
The area of the capital market where people purchase and sell securities that they already possess is referred to as the secondary market. Shares cannot be purchased or sold until the firm that has chosen to go public is listed.
What does Follow on Public Offering (FPO) mean?
A follow-on public offering (FPO) is when a corporation decides to offer shares to the general public after previously issuing shares in an IPO.
Who is the registrar of an IPO?
The company appoints the registrar. He is in charge of handling IPO application processing and distributing the shares to the applicants. He also handles share transfers to applicants for initial public offerings’ Demat accounts or refunds. He carries out all the processes in conformity with SEBI regulations.