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Upcoming IPOs in 2023
As the Indian economy continues to grow and evolve, the financial markets are witnessing an influx of new and exciting investment opportunities. One such avenue that has caught the attention of investors is Initial Public Offerings (IPOs). 2023 promises to be a year brimming with potential as several companies gear up for their IPOs.
In this article, we will present an exclusive list of the most promising upcoming IPOs in India for 2023, providing you with valuable insights into each company and its potential. From innovative tech ventures to well-established businesses, this diverse selection of IPOs is expected to attract a range of investors, each with unique financial goals. Whether you are a seasoned investor or just beginning your investment journey, these upcoming IPOs hold the potential to be lucrative additions to your portfolio.
List of Upcoming IPOs in 2023
|Issue Size in INR (Tentative)
|TBO TEK Limited
|VLCC Health Care
|300 Crores + OFS
|To Be Decided (TBD)
|Fincare Small Finance Bank
|Energy & Utilities
Upcoming IPOs in India
TBO TEK LimitedTBO TEK Limited is a technology-driven company that provides cutting-edge solutions to the travel industry. Their innovative platform caters to travel agents, corporates, and consumers alike. With a focus on enhancing travel experiences and streamlining operations, TBO TEK has garnered a strong reputation in the market. Investors eyeing the travel and technology sectors may find TBO TEK's IPO an appealing option.
TBO Tek Ltd has submitted an IPO application with SEBI, featuring a fresh issue of ₹900 crore and an offer for sale worth ₹1,200 crore, resulting in a total issue size of ₹2,100 crore.
VLCC Health CareVLCC Health Care is a well-known player in the wellness and beauty industry. They offer a wide range of services, including weight management, skincare, haircare, and more. With a large customer base and a robust presence across India and other countries, VLCC Healthcare IPO is expected to generate significant interest from investors looking to tap into the booming healthcare sector.
As per VLCC Health Care Ltd.'s initial prospectus, the public issue is expected to raise ₹300 crore through the issuance of fresh shares, while existing shareholders intend to sell up to 89 lakh shares from their existing holdings.
Tata TechnologiesTata Technologies, a subsidiary of Tata Motors, is a global engineering solutions company. They specialise in product lifecycle management, manufacturing, and design solutions for various industries, including automotive, aerospace, and industrial machinery.
In March of this year, Tata Technologies submitted its public offer documents to SEBI. The IPO will solely consist of an offer for sale (OFS), where existing shareholders will divest up to 9.57 crore units, equivalent to 23.60% of its paid-up share capital. Tata Motors aims to sell 81,133,706 shares as part of the IPO. As part of the prestigious Tata Group, Tata Technologies' IPO is anticipated to attract considerable attention from investors seeking a share in the engineering and technology space.
IxigoIxigo is a popular travel and hotel booking platform, known for its user-friendly interface and comprehensive search options. With the travel industry witnessing a rebound, Ixigo's IPO is expected to garner interest from investors seeking exposure to the travel and technology sectors. As more people embrace travel post-pandemic, Ixigo's business prospects appear promising.
The company has submitted its preliminary papers to SEBI, the market regulator, with the aim of securing ₹1,600 crores through a public offer. As outlined in the Draft Red Herring Prospectus (DRHP), the IPO will comprise two components. ₹850 crores will be raised through an Offer for Sale (OFS), allowing existing shareholders to divest a portion of their stakes. Additionally, Ixigo plans to raise ₹750 crores through a fresh issue of equity shares, contributing to the company's growth and expansion endeavours.
Penna CementPenna Cement is a leading cement manufacturer with a strong presence in South India. Their commitment to quality and sustainability has enabled them to establish a loyal customer base and gain recognition in the construction materials industry. For investors looking to invest in infrastructure-related companies, Penna Cement's IPO could be a viable option.
SEBI has granted approval to Penna Cement Industries for its ₹1,550 crore IPO. The IPO includes a fresh issue of ₹1,300 crore and an offer for sale of up to ₹250 crore by the promoter PR Cement Holdings.
Fincare Small Finance BankFincare Small Finance Bank is a rapidly growing financial institution catering to the banking needs of underserved and unbanked segments. For investors looking to participate in the financial services sector's growth and contribute to financial inclusion, Fincare's IPO could be an interesting prospect.
Fincare Small Finance Bank has recently filed its DRHP with SEBI, estimating the IPO's valuation at ₹1,330 crore. The IPO consists of a fresh issue of ₹330 crore and an offer for the sale of equity shares valued at around ₹1,000 crore. Furthermore, the company is considering a pre-IPO placement of ₹200 crore, which will be subtracted from the overall fresh issue amount.
Bajaj EnergyBajaj Energy is a leading thermal power generation company in India. Their portfolio includes coal-based power plants, providing a significant share of power to various states. As the demand for energy continues to rise, Bajaj Energy's IPO could attract investors eyeing opportunities in the energy sector.
The upcoming IPO of Bajaj Energy Limited is expected to have a total issue size of approximately ₹5,450 crores. This includes both an Offer for Sale (OFS) from the company's promoters and a fresh issue of shares. The OFS component of the issue amounts to about ₹300 crores, while the remaining ₹5,150 crores will be generated from the fresh issue of shares.
As the Indian economy surges ahead, the potential for growth and investment opportunities has never been greater. The upcoming IPOs in 2023 present a diverse range of companies across various sectors, each with its unique value proposition. From cutting-edge technology ventures to established players in traditional industries, these IPOs offer something for every investor.
However, it is essential to remember that investing in IPOs involves certain risks, and thorough research is crucial before making any investment decisions. It is advisable to consult with a financial advisor and consider your investment objectives and risk tolerance before participating in an IPO.