Upcoming IPOs recommendations
India as an economy is bullish for next 10 to 15 years with its demographic dividends – young population, supportive Government policies and lot of potentials across industries for startups and existing companies. Companies are coming up with Initial Public Offerings (IPOs) through fresh issue or Offer for Sale to raise funds to meet their expansion plan or to reduce debt. That benefits the overall economy, Individual companies as well as public participants in upcoming IPOs.
More from our site on company insights for investment – Read 10 Best IPOs in 2022 and IPOs to invest in, Upcoming SME IPOs Calendar.
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SEBI approved Upcoming IPOs 2023
Upcoming IPOs List 2023 will be updated more often
| SEBI approved Upcoming IPOs 2023 | Issue Size (OFS) | Issue Size (Fresh Issue in ₹ Cr) | Face Value in ₹ | Subscription Date | Listed? |
| JSW Infrastructure | 2,800.00 | 2 | Sept 25 to Sept 27, 2023 | ||
| Updater Services | ₹240.00 Cr | 400.00 | 10 | Sept 25 to Sept 27, 2023 | |
| Valiant Laboratories | 152.46 | 10 | Sept 27 to Oct 03, 2023 | ||
| Plaza Wires Ltd | 71.28 | 10 | September 29, 2023 to October 4, 2023 | ||
| Tata Play | 3000 Crore | 2023 | |||
| Tata Technologies | 2023 | ||||
| BIBA Fashion Ltd | 90 Crore | 2.77 | 10 | 2023 | |
| Honasa Consumer Limited (Mamaearth) | 400 Crore | 1500 | 10 | 2023 | |
| Indegene | 3200 | 2023 | |||
| Survival Technologies | 1000 | 2023 | |||
| Cyient DLM | 592 | 2023 | Listed | ||
| ideaForge IPO | 4,869,712 equity shares | 300 | Listed | ||
| Sahajanand Medical Technologies | 1,500 | 2023 | |||
| Inspira Enterprise India | 800 | 2023 | |||
| ESAF Small Finance Bank | 997.8 | 2023 | |||
| Popular Vehicles and Services | 150 | 2023 | |||
| One MobiKwik Systems | 1,900 | 2023 | |||
| Fincare Small Finance Bank | 1,330 | 2023 | |||
| Skanray Technologies | 400 | 2023 | |||
| Penna Cement | 1,550 | 2023 | Listed | ||
| Le Travenues Technology (Ixigo) | 1,600 | 2023 | |||
| Oravel Stays (OYO) | 8,400 | 2023 | |||
| 71.28 | 10 | September 29, 2023 to October 4, 2023 | |||
| Hemani Industries Ltd | 1500 Crore | 500 | 5 | 2023 | |
| Utkarsh Small Finance Bank | 500 | 10 | 2023 | Listed | |
| SSKL IPO | 18,048,440 Equity Shares | 600 | 2 | 2023 | Listed |
| IndiaFirst Life Insurance (IFLI) | 1,41,299,422 equity shares | 500 | 2023 | ||
| Hexagon Nutrition | 30,113,918 equity shares | 100 | 1 | 2023 | |
| Deltatech Gaming limited | 250 crores | 300 | 1 | 2023 | |
| Aprameya Engineering Limited | 50,00,000 equity share | 10 | 2023 | ||
| Navi Technologies Limited | 3350 | 10 | 2023 | Listed | |
| Mankind Pharma IPO | 40,058,844 equity shares | 1 | 2023 | Listed | |
| Lohia Corp Ltd IPO | 31,695,000 equity shares | 1 | 2023 | Listed |
Which IPOs to Invest in?
However, all the companies that are raising funds through IPOs are not strong fundamentally and financially. Some companies may not be strong enough due to lack of strong leadership. It is our endeavor to provide you with proper guidance to learn about the upcoming IPOs details along with the analysis about the company fundamentals, financials and leadership team before investing. We provide detailed insights about these upcoming IPOs in separate posts on IPOs to invest in.
Also read SEBI approved upcoming IPOs recommendations or IPO coming up here. In the “Upcoming IPOs Review” section, we analyze – financial, fundamentals, product portfolio, and leadership team for each company coming up with IPO to share all insights on which IPOs to invest in.
SEBI approved IPOs in December 2022
| SEBI IPO List Dec-2022 | IPOs to Invest in | Issue Size (OFS) | Issue Size (Fresh Issue) | Face Value | IPO Price ₹ per share | Subscription Date |
| KFin Technologies IPO | SEBI approved | 40,983,607 Equity Shares | Nil | 10 | 347 to 366 | 19 – 21 Dec |
| Sula Vineyards IPO | SEBI approved | 25,546,186 Equity Shares | Nil | 2 | 340 – 357 | 12 – 14 Dec |
| Abans Holdings | SEBI approved | 90,00,000 Equity Shares | 38,00,000 Equity Shares | 2 | 256 – 270 | 12 – 15 Dec |
| Landmark Cars | SEBI approved | INR 612 Crore | INR 150 Crore | 5 | 481 – 506 | 13 – 15 Dec |
| Signature Global IPO | SEBI approved | INR 250 Crore | INR 750 Crore | 1 | Dec-2022 | |
| Uniparts India Limited | SEBI approved | 15,731,942 Equity Shares | 10 | 548 to 577 | 30-Nov to 02- Dec |
IPO Review GMP and Process for Company in India
When a company is owned by a private individual or a group of individual founders or investors, it is called a private company. All the decisions about the company are taken by individual promoters or investors.
A public company simply means a company owned by the public. It is a company that sold its registered shares to the general public while listed on any stock exchange of any country. The first step for any private company to convert itself to a public company is through Initial public offerings (IPOs).
Initially, a company runs as a private company funded by an individual or group of promoters, venture capital firms, banks, or any other investors. However, listing in an exchange through IPO helps the company to build its brand, and get easy funds without paying interest. Sometimes, promoters come up with offers for sales (OFS) just to reduce their stakes or investors’ stakes in the company and enhance the company’s brand by listing it on the stock exchanges. This process is known as the Initial public offering process. Each country follows certain rules or procedures to accomplish IPOs. India has its market regulator known as SEBI while the USA market is regularly known as SEC.
Before companies get listed on the stock exchanges and traded publicly, they have to come up with an Initial Public Offering (IPO). The process of getting a company IPO approved by the market regulator is easy but strict. Let us discuss a few steps below about the process of IPO.
Step 1: The company appoints investment bankers/underwriters
Investment bankers or underwriters are financial experts who help the company to carry out the IPO process. They act as intermediaries between the company and the investors. They will study the financial parameters of the company and suggest the number of funds to be raised through IPOs, the price band per equity, and other IPO details of the security being issued.
Step 2: SEBI approved IPOs: The company registration with market regulator
The investment bank and the company prepare a registration statement and a draft prospectus known as DRHP or draft red herring prospectus and submit it with SEBI. This document consists of all the IPO details about the company such as its business, financial details, promoters, management, competitors, customers, and geographical presence of the business.
The documents also talk about the purpose of the IPO – if it is a fresh issue or offer for sale or a combination of both. This is an important document for retail investors to understand about the company before investing.
Once the company has to submit Red Herring Prospectus (RHP) with the Registrar of Companies at least 3 days before the offer is opened to the public for bidding. Once the IPO bidding is closed, the company has to submit the final prospectus to both ROC and SEBI.
Step 3: SEBI Verify the documents
Market regulator SEBI verifies documents submitted for any error or discrepancy in the document. Once the company gets SEBI approval for IPO documents, the company can fix and announce a date and price for its IPO bidding. The IPO bidding opens for the public for 3 to 5 working days.
Step 4: Application to exchanges
The company also applies to the stock exchanges where it is planning to be listed.
Step 5: IPO allotments
The IPO shares are allotted to bidders within 10 days of the last date of bidding.
IPO Review GMP
As a retail investor, we always look for the GMP of upcoming IPOs before investing in that IPO coming up. However, IPO GMP is just an indicator of the market sentiment for that company or IPO. It does not indicate the fundamentals or intrinsic value of the company. It is important to understand the fundamentals of the IPO coming up. We help you to understand the company with fundamental analysis with our IPO Review section.
More From Across our Website
We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO. Learn all company insights for investment in new companies in the Indian share market 2023. To know more information about company insights for investment, business overview of companies for investment, here are some suggested readings on company insights for investment – 10 Best IPOs in 2022, Concord Bio IPO, Tata Play IPO, Upcoming IPOs, Upcoming SME IPOs.