Upcoming IPOs 2023

Check the List of Upcoming IPOs in 2023 with open and close dates along with next IPOs that are tentatively expected to open in the coming months.


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Upcoming IPOs

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DRHP-filed IPOs that will go public in the next week or month are 2023’s upcoming IPOs.

Initial public offerings (IPOs) are yet to see as strong an investor interest as they have in recent years. According to data, this year's total collection for new IPOs has already surpassed the INR 100 lakh crore mark. With less than a month until the end of the year, investors may see comparable investor interest in subsequent latest IPOs.

About IPO 


The process through which a private business becomes public is known as an IPO. When a corporation goes public, it engages with investment banks to introduce its shares to the public market, necessitating thorough due diligence, advertising, and regulatory compliance. Selling shares is equivalent to selling a piece of the company's equity to investors. 

The initial offering is reserved for major investors like hedge funds and banks. Thus, purchasing shares in an upcoming IPO becomes challenging. Common investors can buy shares in a new IPO firm soon after the IPO. 

Markets are of two types: primary markets and secondary markets. Primary markets issue the Upcoming IPOs.
 

What are Upcoming IPOs?

Upcoming IPOs are IPOs that are have filed DRHP and are expected to open in the coming week or month of 2023. 

IPOs have seldom witnessed such heavy demand from investors as they have in previous years. Data shows that the combined collection for IPOs has well crossed the INR 100 lakh crore mark this year. And, with a month to go before the year ends, investors might experience similar investor participation in upcoming IPOs.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Who can invest in an IPO? 

The Securities and Exchange Board of India (SEBI) allows four categories of investors to bid for shares during any upcoming IPO process.

●    Qualified institutional investors (QII): QIIs include commercial banks, public financial institutions, mutual fund firms, and foreign portfolio investors registered with SEBI. Underwriters attempt to sell IPO shares at a profit before the Upcoming IPOs. SEBI requires institutional investors to sign a lock-up contract for 90 days to guarantee minimum volatility throughout the IPO process.

●    Anchor investors: QIIs who apply and have assets worth more than Rs 10 crore is considered an anchor investor. They can purchase up to 60% of the shares reserved for qualified institutional investors.

●    Retail investors: These investors can invest up to Rs. 2 lac in each new IPO lot. The retail quota requires a minimum allocation of 35%. SEBI has mandated that if the offer is oversubscribed, all retail investors be issued at least one lot of shares. A lottery system is used to distribute IPO shares to the general public if distributing one lot to each investor is impractical.

●    High-net-worth individuals (HNIs) or non-institutional investors (NIIs): HNIs make more than Rs 2 lakh investments. Non-institutional investors are institutions that seek to invest more than Rs 2 lakh. The only distinction between a QII and an NII is that the latter is not required to register with SEBI.

What is the Process of Investing in an IPO Online?

1.    Pick the IPO that you want to invest in

Investing in an IPO necessitates study since we may lack previous data on performance, management, and other critical basic variables. Deciding which IPO to invest in is an important first step. Every company that announces an IPO distributes a prospectus to the public, which contains information about the firm's operations and future intentions. Before making a choice, thoroughly read this prospectus and research the firm.

2.    Create the Necessary Accounts

To invest in a fresh IPO and later trade it on the secondary market, you'll need the following three accounts:

●    Demat account: Your shares are kept in electronic form in a Demat account.
●    Bank account: It is essential to fund your stock market operations. A bank account might be helpful when applying for an IPO. Almost all net-banking systems allow you to apply for IPOs using the Application Supported by Blocked Amount (ASBA) feature.
●    Trading account: A trader can purchase and sell stocks through a trading account.


3.    What happens when you submit an IPO application?

After submitting an IPO application, your bank account will be debited (blocked) for the amount you choose to invest. Your balance will still show the amount, but you cannot spend it since it is blocked. If you are issued the shares, the cost will be deducted from your account after the complete distribution. If you did not obtain any shares in the IPO, the funds will be released and made available for use.
 

How to Enhance the Chances of IPO Allotment

The best way to increase your chances of IPO allotment is to apply with multiple demat accounts. Multiple applications can increase the odds of IPO allotment. You need to bid at the highest price, every IPO comes with a price band, with cut-off referring to the highest price within the band. Third thing to remember is, Do Not Wait For The Final Day - Investors often wait for the HNI and QIB subscription figures to determine investor sentiments before investing themselves. However, generally, banks accept applications only up to 4 PM, and if you submit after the specified time on the final day of the IPO, your application might get rejected. And lastly, invest in the parent company by applying in the shareholders category. If the IPO is launched by a company whose parent company is already listed on exchange(s), you can get higher chances of IPO allotment by applying through the ‘Shareholder’ category. 

Read our blog on How to Increase Your Chances of IPO Allotment to know such interesting details.

Pre-requisites for applying for an IPO

Any Indian citizen with a PAN card can open a Demat account and can apply for an IPO in India. While you do not need a trading account to apply for an IPO, you may need to sell your holdings if the IPO is credited to your account. 

Besides the eligibility, you must also research the company you wish to invest in. While previous year has so far been a great year for IPOs, some companies have still shown a lackluster performance. Hence, proper research is vital before investing in an IPO. 
 

UPI as a payment option - Fill in the bid details in the application form and process with your UPI ID. IF you do not have a UPI Id, create one, find here the list of Banks on UPI. You can use your UPI ID to apply with three options, read here to know the New Process for applying in IPO using UPI ID

A Bank Account - ASBA (Application Supported by Blocked Amount) is another option to apply for an IPO. However, you cannot apply for an IPO if your account does not have a sufficient balance.
 

List of upcoming IPOs in 2023

To help you plan your IPO investments better, check the IPO calendar for 2023. Big names like Puranik Builders, FabIndia, Tata Technologies, TVS Supply Chain Solutions and Oravel Stays (OYO) are expected to issue IPOs in 2023. Check the IPO schedule for 2023 below:

 

Name of the company

IPO Size (in crores)

Puranik Builders

Rs. 510

FabIndia

Rs. 4,000

Indegene

Rs. 3,200

TVS Supply Chain Solutions

Rs. 5,000

Zaggle Prepaid Ocean Services

Rs. 490

Tata Play

Rs. 2,500

Tata Technologies

 

Survival Technologies

Rs. 1,000

Honasa Consumer (MamaEarth)

Rs. 1,350

Hexagon Nutrition

Rs. 600

Sahajanand Medical Technologies

Rs. 1,500

Inspira Enterprise India

Rs. 800

ESAF Small Finance Bank

Rs. 997.8

Popular Vehicles and Services

Rs. 150

One MobiKwik Systems

Rs. 1,900

Fincare Small Finance Bank

Rs. 1,330

Skanray Technologies

Rs. 400

Penna Cement

Rs. 1,550

Le Travenues Technology (Ixigo)

Rs. 1,600

Oravel Stays (OYO)

Rs. 8,400

(Note: In last column, dates in brackets denote IPO opening date - * means tentative)
 

Puranik Builders IPO

Established in 1990, Puranik Builders is an entity involved in the development of the residential and commercial real estate. Concentrated primarily in the Mumbai Metropolitan Region and the Pune Metropolitan Region, the company has completed around 35 projects to date. With over 17 more projects in the pipeline, Puranik Builders is hoping to raise Rs. 510 crores via an upcoming IPO.

FabIndia

Backed by Wipro’s Azim Premji, FabIndia is a retail clothing brand with both an online and an offline presence. The company had filed its DRHP a long while back but is planning to raise around Rs. 500 crores via a fresh issue of shares in early 2023.

Indegene

Indegene is one of the many healthcare tech companies in India that provides management, research and development, and a host of other services to pharmaceutical firms. The company is planning to raise Rs. 950 crores through the sale of its shares to the public.

TVS Supply Chain Solutions

TVS Supply Chain Solutions is in the business of providing solutions for supply chain logistics for other entities. Aspects like demand forecasting, inventory planning, production, optimization, and management of procurement are a few areas where the company excels at. 

Zaggle Prepaid Ocean Services Limited 

Zaggle Prepaid Ocean Services is one of the many electronic payment solutions providers in the country. The company is in the business of providing three distinct services to corporates, SMEs, and other entities.

Tata Play

Earlier known as Tata Sky, Tata Play is India’s largest satellite television operator with over 19 million subscribers and counts Walt Disney Co. as a major investor. The US entertainment giant is looking to offload its entire shareholding of 29.8% in Tata Play IPO.

Tata Technologies

Tata Technologies is a global product engineering and digital services company, run by Warren Harris who is its MD & CEO. It focuses on four key verticals -- automotive, aerospace, industrial machinery and industrials.

Survival Technologies

The company is a contract research and manufacturing services (CRAMS) focused speciality chemicals manufacturer in India. It is one of the few speciality chemical firms in India manufacturing select products from the heterocyclic and fluoro-organic product groups for sale in India and abroad.

Hosana Consumer (Mamaearth)

Mamaearth is the largest digital-first beauty and personal care (BPC) company in India in terms of revenue from operations for FY 2022. Its portfolio of brands with differentiated value propositions includes products in the baby care, face care, body care, hair care, color cosmetics and fragrances segments.

Hexagon Nutrition

Hexagon Nutrition is a fully-integrated, research oriented pure-play nutrition company. Its product portfolio addresses a broad spectrum of aspects such as fortification of foods, therapeutic nutrition, clinical nutrition and alleviation of malnutrition.

Sahajanand Medical Technologies

Sahajanand Med Tech has filed for an initial public offering (IPO) in the amount of Rs.1,500 crore with SEBI. The company is a major medical device firm that specialises in the research, development, production, and marketing of vascular devices all over the world.

Inspira Enterprise India

Inspira Enterprises is an enterprise solutions provider, owned by the Prakash Jain family. The Rs.800 crore IPO comprise of a fresh issue of Rs.300 crore and an offer for sale (OFS) of Rs.500 crore. The fresh issue proceeds will be used by the company for working capital purposes and also for repayment of debt. It offers wide solutions cross verticals.

ESAF Small Finance Bank

ESAF SFB is based out of Kerala and specializes in micro loans. The Rs.998 crore IPO comprises of a fresh issue of Rs.800 crore and an offer for sale (OFS) of Rs.198 crore. The fresh issue portion will be used to boost its capital adequacy and to make funds available to on-lend in its core lending business.

Popular Vehicles and Services

Popular Vehicles & Services Ltd has filed for an IPO with SEBI which comprises of a fresh issue of Rs.150 crore and an offer for sale of 42,66,666 (42.67 lakh) shares. The company, based out of Kerala, is a leading diversified automotive dealership in the country. 

One MobiKwik Systems

The Rs.1,900 crore IPO of MobiKwik comprises of a fresh issue of Rs.1,500 crore and an OFS of Rs.400 crore. The issue was to be launched in the Dec-21 quarter but was postponed after the weak listing of Paytm. MobiKwik offers a robust payment wallet as well as a special BNPL (buy no pay later) digital plan for customers and for merchants.

Fincare Small Finance Bank

The Rs.1,330 crore IPO of Fincare SFB will comprise of a fresh issue of Rs.330 crore and an offer for sale (OFS) of Rs.1,000 crore. Fincare also offers its services to the largely unbanked population and will use the fresh funds to boost its Tier-1 capital base so as to facilitate easy loan book expansion in the future.

Skanray Technologies

The IPO of Skanray Technologies will comprise of a fresh issue of Rs.400 crore and an offer for sale of 141.06 lakh shares with price to be decided. The company focuses on the Indian medical devices market and designs, develops and manufactures medical devices.

Penna Cement

The Rs.1,550 crore IPO will comprise of a fresh issue of Rs.1,300 crore and an offer for sale of Rs.250 crore. This is the second attempt of this Hyderabad based cement company and will be used to reduce debt and for expansion.

Le Travenues Technology (Ixigo)

The Rs.1,600 crore IPO will comprise of a fresh issue of Rs.850 crore and an offer for sale of Rs.750 crore. It is one of the few artificial intelligence based platforms for booking flights, trains and hotels and has been around for over 14 years now. While it is in the travel business, its business model is more B2B in nature

Oravel Stays (OYO)

One of India’s earliest and most successful hospitality start-ups in the digital rooms business, is planning to tap the market for raising Rs.8,430 crore. However, it is possible that the company may settle for a smaller price and lower valuations. The IPO will comprise of Rs.7,000 crore of fresh issue and Rs.1,430 crore of offer for sale by existing holders.

 

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Frequently Asked Questions

TVS Supply Chain Solutions, FabIndia, Oravel Stays (OYO), Le Travenues Technology (Ixigo), Sahajanand Medical Technologies, Penna Cement, Honasa Consumer (MamaEarth), Survival Technologies, Fincare Small Finance Bank are some IPOs waiting to be listed.

Aadhar Housing Finance IPO, Keventer Agro IPO, Ola Cabs IPO, Droom IPO, Ixigo IPO are some of the top upcoming IPOs in January 2023.

The minimum investment for retail investors is generally between INR 14,500 and 15,500. The maximum investment is restricted to INR 2 lakh.

Yes, you have to enter the Demat account number when you apply for an IPO online. You will also need a trading account to sell your holdings conveniently

API Holdings, Go Airlines, Prudent Corporate Advisory Services Ltd., Infinion Biopharma Ltd., are some companies that have filed the DRHP.

A Draft Red Herring Prospectus (DRHP) is a mandatory requirement for companies launching their IPOs through the book building process. It is a registration document containing information about its business, including its promoters, financials, business risks, business strengths, and competitive advantages. A DRHP is a must-read for investors willing to invest in an IPO.

DRHP contains vital information about a company’s nature of business, risks, opportunities, and reasons to invest. A DRHP is prepared by a merchant banker appointed by the company launching the IPO. Red Herring Prospectus (RHP) is an extension to the DRHP containing additional details about the IPO, such as the IPO dates, price, financials, and is often considered the IPO Final Prospectus.  

Read in detail about Difference between DRHP and RHP

Yes. All intelligent investors invest in IPOs consistently. While some IPOs list at a discount, most IPOs list at a premium. Hence, by participating in all open IPOs, you can increase the chances of making a profit. However, before investing in an IPO, you must read the DRHP properly to make an informed decision.

A quick scan of the top IPOs in 2021 shows that a majority of them have delivered higher returns than many other financial instruments. However, IPOs also list at a discount. You may check the Grey Market Premium (GMP) of an IPO to estimate its price at the time of listing.

IPO or Initial Public Offering is launched by a company needing money for business expansion, debt consolidation, or general corporate purposes. You need a Demat account and trading account to invest in an IPO. 5paisa facilitates online Demat & Trading account opening and one-click IPO application. Read  more about the IPO application process.