IPO aka initial public offering is a process that a private limited company goes through for the sale of its shares to the public. The companies raise funds from the public through the IPO for their debt repayment, working capital requirements, acquisitions, and other corporate purposes.
The Indian IPO market is booming, with a number of companies planning to go public in the coming months. Here are some of the best upcoming IPOs to watch in 2023:
SBFC Finance
A non-deposit-taking non-banking finance company SBFC Finance aims to raise ₹1025 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to ₹425 crores ₹10 each.
IPO Date: Opens August 3 and closes on August 7.
Concord Biotech
A R&D driven biopharma Company based in Ahmedabad Concord Biotech aims to raise ₹[.] crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 20,925,652 equity shares ₹10 each.
IPO Date: Opens August 3, 2023 and closes on August 8, 2023.
Tata Technologies
Tata Technologies is a global engineering and manufacturing solutions company. The company was founded in 1969 and is a subsidiary of Tata Group. Tata Technologies provides engineering, manufacturing, and digital solutions to customers in the automotive, aerospace, and defense industries. The company is planning to use the proceeds from its IPO to fund its growth plans in the electric vehicles and aerospace industries.
IPO Date: August end to mid-September 2023.
Signatureglobal India
One of the largest real estate development companies in Delhi NCR, Signatureglobal India aims to raise ₹1000 crores via IPO that comprises fresh issue of ₹750 crores and offer for sale up to ₹250 crores of ₹1 each.
IPO Date: No updates yet
ESDS Software
Cloud service provider ESDS Software Solution aims to raise ₹- crores via IPO that comprises fresh issue of ₹322 crores and offer for sale up to 21,525,000 equity shares of ₹1 each.
IPO Date: No updates yet
CMR Green Technologies
One of the largest producers of Aluminium and Zinc die-casting alloys CMR Green Technologies aims to raise ₹- crores via IPO that comprises fresh issue of ₹300 crores and offer for sale up to 33,414,138 equity shares of ₹2 each.
IPO Date: No updates yet
MobiKwik
One of the leading mobile wallets company MobiKwik aims to raise ₹1900 crores via an initial public offer that comprises a fresh issue of 1500 crores and offers for sale up to 400 crores at a face value of ₹2 per equity share.
IPO Date: No updates yet
ESAF Small Finance Bank
Indian small finance bank ESAF SFB aims to raise ₹997.78 crores via IPO that comprises fresh issue of ₹800 crores and offer for sale up to ₹197.78 crores of ₹10 each. Previously, the bank had filed for an IPO of Rs 998 crore in October 2021, comprising Rs 800 crore as fresh issue and an OFS of Rs 198 crore from existing investors.
IPO Date: FY 24
What to look for in an IPO
When considering any upcoming IPOs, there are a few things to keep in mind:
- The company’s business model and financial performance.
- The valuation of the company.
- The demand for the IPO.
- The risks associated with the investment.
It is important to do your research and understand the risks before investing in an IPO. However, if you do your homework, IPOs can be a great way to invest in growth companies.
Here are some additional tips for investing in upcoming IPOs:
- Only invest money that you can afford to lose.
- Do your research and understand the company’s business model and financial performance.
- Consider the valuation of the company and the demand for the IPO.
- Be aware of the risks associated with the investment.
- Don’t panic if the stock price falls after the IPO.
If you follow these tips, you can increase your chances of success when investing in IPOs.
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