Upcoming IPOs in India
Data reveals that 2022’s total IPO collections exceeded Rs. 100 lakh crore mark. The year 2023 will probably see a similar level of collection and participation in upcoming IPOs. This is the time to monitor how the IPO scene will probably be, in the context of the Indian stock market in 2023.
According to the Security and Exchange Board of India (SEBI), different entities have filed their Draft Red Herring Prospectus (DRHP) and will likely make their upcoming IPOs publicly available soon. Read on and learn about the top 11 new upcoming IPOs in 2023.
New Upcoming IPOs in India - A Quick List
Here’s a concise list of upcoming IPOs in India in 2023.
| Company Name | Value/Size (in crores) |
| Snapdeal Limited IPO | 1250 + OFS |
| Ixigo | 1600 |
| Survival Technologies | 1000 |
| Tata Play Limited | 2500 |
| One MobiKwik Systems Limited | 1900 |
| Hexagon Nutrition | 600 |
| Penna Cement | 1550 |
| Oravel Stays | To be announced |
| Swiggy | 8100 |
| Sudarshan Pharma Industries Ltd. | 71-73 |
| Quality Folis (India) Limited | 60 |
The 11 Most Hyped Upcoming IPOs in 2023 - Quick Briefs
Now that you know of the new upcoming IPOs in the current year, here is some important information about them.
Snapdeal is one of the largest e-commerce companies in India. The company offers various products, including electronics, fashion, home appliances, and more. Snapdeal is planning to go public in 2023. The proposed IPO is expected to help Snapdeal raise funds. This may further help expand its business and improve its infrastructure. The company is currently in talks with several banks and advisors to manage the IPO. However, the expected size of the proposed IPO is not yet disclosed.
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Ixigo IPO
Ixigo is a travel search engine that helps users find the best deals on flights, hotels, and travel packages. The company was founded in 2007 and has become one of India's most popular travel platforms. Ixigo plans to go public in 2023, and the proposed venture is expected to help Ixigo expand its services and market share. The company has already filed draft papers with SEBI and is awaiting approval. The expected size of the IPO is around Rs 1,600 crore.
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Survival Technologies IPO
Survival Technologies is a defence and aerospace company specialising in developing unmanned aerial vehicles (UAVs) and other defence technologies. The company has been working closely with the Indian military and is expected to benefit from the government's focus on defence and security. This Pune-based organisation is planning to go public in 2023. The draft papers for the proposed IPO have already been filed with SEBI and are awaiting approval. The expected size of the IPO is around Rs 1,000 crore.
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Tata Play IPO
This gaming platform offers a wide array of games of different genres, including casual, social, and more. The company is part of the Tata Group, one of the largest conglomerates in India. Tata Play is anticipated to go public in 2023, and consequently, the organisation will likely reach a wider audience. The expected size of the IPO, however, is not yet disclosed.
One MobiKwik is a mobile wallet and payment services provider. The platform offers various payment-related solutions, including bill payments, mobile recharges, etc. After its inception in 2009, MobiKwik has grown as one of India's most popular mobile wallet providers. MobiKwik has recently announced that it’s going public this year, and the proposed IPO size is around Rs 1,900 crore. So, it is one of the most exciting new upcoming IPOs in India.
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Hexagon Nutrition IPO
One of India's most popular nutritional supplement companies, Hexagon, has proposed to go Public in 2023. The company’s extensive product range includes sports nutrition, infant nutrition, among their products. The company has been serving the market since 1991. This Mumbai-based organisation filed a DRHP with the Securities and Exchange Board of India to raise Rs. 600 crores through an initial public offering. Hexagon’s public issues hold an offer to sell 30,113,918 (maximum) shares. The expected size of the proposed IPO is around Rs. 500 crore.
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Penna Cement IPO
Hyderabad-based Penna Cement Industries has received a green signal from SEBI for its Rs 1,550-crore initial public offering (IPO). The company holds a fresh issue of Rs 1,300 crore. Besides this, the company anticipates an offer to sell up to Rs. 250 crore by the promoter PR Cement Holdings. Penna Cement wants to use some parts of the fresh issue funds to repay a Rs. 550 crore debt. In addition, the organisation has expressed an interest in fulfilling its Capital expenditure requirements (Rs. 105 crore) for its KP Line II Project with the issued funds.
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Oravel Stays IPO
The parent company of OYO Rooms, Oravel Stays, is a well-known hospitality company that deals with budget hotels and accommodations. A decade after its launch, this hospitality brand decided to go public in 2023. The listing date and price brand of the proposed IPO have not been disclosed yet. The expected issue size is Rs. 8430 crore.
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Swiggy IPO
Food-tech major Swiggy is striving hard to run a tight ship as it expects to open its IPO in 2023. The company is jettisoning its kitchen infrastructure vertical, Swiggy Access. The proposed public listing may probably be live by September this year. Swiggy aspires to get listed on the Indian Stock Exchange by the year 2024. The part of the proposed listing plan aims to break even in the food delivery segment by May this year. The potential size of the IPO is Rs. 8,100 crore.
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Sudarshan Pharma Industries Ltd. IPO
Incorporated in 2008, Mumbai-based Sudarshan Pharma Industries Limited (SPIL) is a pharmaceutical company specialising in manufacturing and marketing different pharmaceutical products, including tablets, capsules, syrups, etc. The company has proposed to launch its IPO this year. The expected size of the proposed public listing is Rs. 71-73 crore.
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Quality Folis (India) Limited IPO
This agrochemical company manufactures and markets insecticides, herbicides, fungicides, etc. The company opened its doors in 1982 and has since become among the leading agrochemical companies in India. Quality Foils IPO comprises entirely a fresh issue of Rs. 4.52 crore. The total SME IPO of the company presupposes the issue of 7.54 lakh shares, each priced at Rs. 60, aggregating to Rs. 4.52 crore.
Conclusion
In this post, we have discussed some of the promising upcoming IPOs in India. These are slated to be launched in 2023. Besides these, there are several other companies aspiring to start their Initial Public Offering this year.
However, plans and details may be altered depending on the company’s economic situation and the investors' sentiment. Therefore, keep up with the news and maintain an active demat account. This way you may invest in new upcoming IPOs in India in 2023 and beyond.
Disclaimer
The investment options and stocks mentioned here are not recommendations. Please go through your own due diligence and conduct thorough research before investing. Investment in the securities market is subject to market risks. Please read the Risk Disclosure documents carefully before investing. Past performance of instruments/securities does not indicate their future performance. Due to the price fluctuation risk and the market risk, there is no guarantee that your personal investment objectives will be achieved.