If year 2021 was a year of bumper IPOs and year 2022 was a disappointment, then year 2023 is expected to be a lot better for IPOs.
Oravel Stays, better known as OYO Rooms, is planning to launch its IPO of Rs. 8,430 crore in the first half of the year 2023. It still has some regulatory issues to sort out.
Ethnic India retailer, Fabindia, is likely to go ahead with its Rs. 4,000 crore IPO in the year 2023. They are yet to firm up on the exact timing of the IPO, although it would be in 2023.
Aadhar Housing Finance, which is backed by Blackstone, is planning its Rs. 7,300 crore IPO during the year. Its IPO had been stuck in regulatory hassles for a long time.
Mankind Pharma will also bring out its Rs. 5,500 crore IPO in 2023 and could be one of the largest domestic pharma IPO, along with Gland Pharma.