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.
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 new launch 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 Upcoming IPOs 2023
Upcoming IPOs List 2023 will be updated more often
| SEBI approved Upcoming IPOs 2023 | SEBI approved IPOs? | Issue Size (OFS) | Issue Size (Fresh Issue) | Face Value | IPO Price INR per share | Subscription Date |
| Tata Play | Confidential IPO | 3000 Crore | Not Announced | Coming | 2023 | |
| Tata Technologies | 2023 | |||||
| BIBA Fashion Ltd | SEBI approved | 90 Crore | 2.77 crore | 10 | Coming | 2023 |
| Honasa Consumer Limited (Mamaearth) | 400 Crore | 1500 Crore | 10 | Coming | 2023 | |
| Indegene | 3200 crore | Coming | 2023 | |||
| Survival Technologies | 1000 crore | Coming | 2023 | |||
| Cyient DLM | 740 crore | Coming | 2023 | |||
| Sahajanand Medical Technologies | 1,500 crore | Coming | 2023 | |||
| Inspira Enterprise India | 800 crore | Coming | 2023 | |||
| ESAF Small Finance Bank | 997.8 crore | Coming | 2023 | |||
| Popular Vehicles and Services | 150 crore | Coming | 2023 | |||
| One MobiKwik Systems | 1,900 crore | Coming | 2023 | |||
| Fincare Small Finance Bank | 1,330 crore | Coming | 2023 | |||
| Skanray Technologies | 400 crore | Coming | 2023 | |||
| Penna Cement | 1,550 crore | Coming | 2023 | |||
| Le Travenues Technology (Ixigo) | 1,600 crore | Coming | 2023 | |||
| Oravel Stays (OYO) | 8,400 crore | Coming | 2023 | |||
| Plaza Wires Ltd | SEBI approved | 1,64,52,000 equity shares | Coming | 2023 | ||
| Hemani Industries Ltd | SEBI approved | 1500 Crore | 500 Crore | 5 | Coming | 2023 |
| Utkarsh Small Finance Bank | SEBI approved | 500 Crore | 10 | Coming | 2023 | |
| SSKL IPO | SEBI approved | 18,048,440 Equity Shares | 600 crore | 2 | Coming | 2023 |
| IndiaFirst Life Insurance (IFLI) | Filed DRHP | 1,41,299,422 equity shares | 500 Crore | Coming | 2023 | |
| Hexagon Nutrition | Filed DRHP | 30,113,918 equity shares | 100 Crore | 1 | Coming | 2023 |
| Deltatech Gaming limited | SEBI approved | 250 crores | 300 Crore | 1 | Coming | 2023 |
| Aprameya Engineering Limited | Filed DRHP | 50,00,000 equity share | 10 | Coming | 2023 | |
| Navi Technologies Limited | Filed DRHP | 3350 Crore | 10 | Coming | 2023 | |
| Mankind Pharma IPO | Filed DRHP | 40,058,844 equity shares | 1 | Coming | 2023 | |
| Lohia Corp Ltd IPO | Filed DRHP | 31,695,000 equity shares | 1 | Coming | 2023 |
SEBI approved IPOs in December 2022
| SEBI IPO List Dec-2022 | Coming New IPO This week | 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 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.
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.